Claims for the LayerZero airdrop are open tonight! 85 million ZRO will be distributed to users

Following the launch of the airdrop price inquiry page yesterday (19th), the LayerZero Foundation of the cross-chain interoperability protocol LayerZero announced earlier that applications for the native token ZRO airdrop will be open at 7pm today (20th).

According to official disclosures, the total supply of LayerZero’s native token ZRO is 1 billion, of which 38.3% will be allocated to users, developers and community members:

• 85 million ZRO will be distributed to qualified participants today , accounting for 8.5% of the total token supply

• Another 15.3% of the ZRO tokens will be reserved for users, protocols, infrastructure builders and community members. This part of the tokens will be subsequently released through snapshots, request for proposals (RFP) ) and other methods

• The remaining 14.5% of the token supply will be managed by the LayerZero Foundation for ecosystem growth, subsidy programs and liquidity supply.

Additionally, LayerZero intends to allocate 32.2% of the token supply to strategic partners and an additional 25.5% to core contributors, both subject to a 3-year vesting period, including a one-year lock-up period , and unlock every month for the next two years.

The foundation also mentioned that 40 million ZRO tokens (4% of the total supply) have been repurchased by LayerZero Labs and pledged to the community.

Bryan Pellegrino, CEO of LayerZero Labs, said yesterday that a total of more than 6 million independent wallet addresses have interacted with the LayerZero protocol, and there are 1.28 million wallets that are eligible for airdrops.

The LayerZero Foundation pointed out that due to the large number of LayerZero protocol users, the airdrop campaign is extremely challenging to execute: Although the distribution of ZRO is not perfect, we think it is correct: to maximize the continuity with the future development of the LayerZero protocol Reward loyal users in a consistent way.

The foundation pointed out that confirming the qualification for airdrop application is mainly based on three major factors-witch filtering, request for proposals (RFP) and qualification standards. LayerZero has developed strict measures to eliminate "witch" addresses, including self-reporting, prey activities, and cooperation with on-chain security companies to prevent a single user from using multiple fake accounts to conduct wash transactions and obtain a large number of airdrop tokens. .

Bryan Pellegrino added in a post early this morning that after the airdrop application deadline, all unclaimed tokens will be redistributed to those users who have applied for airdrops based on [LayerZero]’s core allocation mechanism.

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