Bitcoin Forum

Most of you know LayerZero's airdrop is coming, and their token, ZRO will be launching soon in Q2 2024. But it's not just about the token itself, the entire ecosystem seems poised for growth. I'm wondering what LayerZero ecosytem projects are you guys watching?

So, I don't know if you guys have seen this one on LayerZero, but I've been particularly drawn to Hologram, an omnichain tokenization protocol powered by LayerZero. Asset issuers can use it to mint omnichain tokens, opening up exciting possibilities for cross-chain compatibility. Apparantly they've secured a total of $11M in a strategic round led by Andrew Kang’s Mechanism Capital and Jordi Alexander’s Selini Capital. As they are planning to use the funds to further develop its push to advance omnichain gaming.
They will also be launching tomorrow with its token $HLG on major exchanges like Bitget, GateIO, Kucoin and the fact the airdrop eligibility will be open for participants who have performed specific on-chain actions on the Holograph App and earned at least 250 XP. I am sure one of you here at least made some contribution to this project.

Anyway, I'm sure LayerZero won't disappoint us considering it's not overhyped cos I don't see them daily on Twitter timeline, maybe you can guys tell me what you think of layerzero ecosystem projects. Are you also looking into it?

I don't think many people know about this airdrop because it looks new to me. And we can't judge a new project to know if it will be good or not. Most of the project that came out to be good were once criticized badly and finally they made it through to the good side of the crypto community. And the ones people think it would good for them later turn out to be good projects in the community though in any good community there are bad people also. So there is no way the bad ones can be eliminated from the ecosystem.
They also co-exist with the good ones and it is our duty to know the good ones from the bad once. And for now we will not know if the LayerZero is a good project or not but as foe me i don't trust the project yet.

We won't know for sure if projects built on Layerzero will cook or not until when layerzero launches. The ZRO launch has to be strong as it would be used as a benchmark for other projects launching with the omni chain narrative so you could already see how Layerzero launch would be either a make or break moment for their ecosystem projects. I only just got to know about Holograph so there's very little I have to say about until the official launch goes off tomorrow.

They haven't confirmed that there will be an airdrop. They only announced  that they have taken a snapshot on May 1st. Those who have used their platform before that date might be eligible. If they were planning for an airdrop then they should have confirmed it by now. I haven't used the platform but I am sure the project is good and it's token value will increase as long as their user base increases.

I think, is too early to know if the project will going to increase higher in the future or it will not going to increase higher in the future, because all those new projects can disappoint investors sometimes, and if you are not careful you can lose all your capital in a particular project in the market. But there is no way you can stop Investors not to invest in the new project, because some investors don't use to carry out their research to know if  the new project will going to bring good results or not before investing their capital, because the project that will going to display well in the market will definitely have some strong teams behind the project. Any new projects has some character they use to showcase in the market, which investors will use that character to determine the project future when it's launches in the market, because there are some things you cannot discover about the new project that is not yet launch.

https://x.com/holographxyz/status/1793583993771966888?t=EjilMpcSWQfDHwWe4rbrXw&s=19 I think this Indicates there's an airdrop going for hlg. With tge being a few hrs from now. I saw other airdrops offers from bitget, bybit, gate also. It's on holograph twitter pages. You could check them out.

It is difficult to say with certainty that LayerZero team will conduct an airdrop, however taking snapshot is a significant event that suggests that team is considering to distribute tokens to those user who engaged with the platform before the date of snapshot and I have experienced that with many airdrops, including prominent projects like Arbitrum and Optimism.

HLG recently conducted an airdrop, and I received about 5 HLG tokens just for using layer zero. Also, I saw an announcement on Bitget mentioning they're hosting an event for the project. I think it's to celebrate its listing.

I am also recipient of HLG airdrop, having received 2300 tokens because I have been active on their platform for long long time, and traded many NFTs. This coin was today listed on Bybit exchange but unfortunately the opening price was only less than 2 cents, much lower than my expectation. I will not sell them on such a low price and wait for a bullish market to make good gains from this airdrop.

https://www.coingecko.com/en/coins/holograph#:~:text=The%20price%20of%20Holograph%20(HLG)%20is%20%240.01606%20today%20with%20a,a%20market%20cap%20of%20%2424%2C380%2C154.

I doubt most of the projects on LayerZero will benefit from the launch, the hype around Omnichain is down, most of these projects fail to capitalize on their hype and stayed too long before releasing their tokens, we have seen with all these new launches, people will take their airdrops and dump and move to farm new protocol, there is no way the market will sustain all these new launches nature needs to cull most of them.

With the hype on airdrop I can't assure anybody yet on any in the crypto ecosystem.I haven't heard of LayerZero,new airdrops are just pumping in the crypto ecosystem and it be hard to predict the right one,even the ones that looks so real to be called scam are most likely the scam projects.Lot of persons have earned cool cashout from airdrop and there are new tokens that are yet to be launched so Op you just have to choose wisely.

Well i can say team's doing good job at least with their efforts to combat sybil attacks by introducing a sybil reporting system. You can see they're committed to a fair airdrop distribution. That's why I think this airdrop will be worth a lot because of this. They have done some cool stuff with blockchain already, so I am excited to see what they do next.

Well LayerZero itself already have generated a healthy level of hype, neither too overblown nor underwhelming. You can see them doing a good job of balancing expectations and delivering a solid product as well as the airdrop.

So we won't know for sure how projects on LayerZero will perform until it fully launches, but I'm already optimistic about the future. Since it's very likely that they will "cook" even harder as the ecosystem continues to develop.
And actually, HLG has already launched and I just saw it is listed on Bitget, it's currently holding steady at $0.022. Maybe we can see how it goes before LayerZero launches?


Yeah I know they haven't officially confirmed an airdrop yet, but the snapshot on May 1st is a strong indicator that one is likely coming.

the team has hinted at a token launch in the first half of 2024 and they've publicly mentioned that their protocol was built with the capability to have a native token. And the fact that they've taken a snapshot suggests they're actively preparing for a token distribution event likely in June since they mentioned TGE is in Q2 2024.

LayerZero is a promising project with a lot of potential. Once they launch a token and continue to expand their user base, I believe their token will become increasingly valuable.

We cannot say much about the project right now because they have announced the benefits for users that will use their platform but they have not make it clear that what kind of benefit they will give.

Like most of the projects offer airdrop to the users that uses their platforms before their launch. They have to make it clear and once they do then we could predict the future of this project based on types of benefit it'll give.

It is not as popular as op might think. This is also the first time I am hearing about it.

Since it’s still on the airdrop phase, I don’t think there’s anything wrong if you just participate in the airdrop regardless of whether it can actually reach great heights or not. If there’s airdrops available just take as much as you can.

The Layerzero launch will be a plus for the crypto space, so that investors can have more choices when they want to choose a platform, but like you've said, they have to kickstart and we will observe their performance for sometime before we can place them. As for the Holograph, token, it's relatively new and most people have not heard about it, and in cryptocurrency, nobody can be certain about a project that will perform very well in the crypto market, it can be the next big thing or end up a shitcoin, but investors can research it and invest the amount that they can afford to loose.

honestly I on the side that thinks layerzero is overly farmed, the airdrop scene of layer zero was pretty chaotic and being qualified for the airdrop probably gonna be tough since there are so many rumoured requirements but if you're consistent in using the project for your own purpose I think you will be eligible,
but don't be overly optimistic though I know layer zero is already hyped by many but maybe the airdrop will be disappointing, current market doesn't let any airdrop to end well.
most of them are so underappreciated by the market and therefore undervalued.

i'm expecting the zro airdrop to be disappointing but not to that extent where we just spent money for fees then we get next to nothing as a reward.
instead its not gonna be a really big airdrop but enough.

LayerZero concept is indeed popular and gaining significant interest of the crypto community, particularly when they announced the launch of their ZRO token. I also participated in its airdrop campaign, and completed tasks in hopes of earning handsome reward. ZRO taken is already being traded in Pre-market at $3 which reflects styrong interest of investors in this project. Let's watch and wait how new developments unfold in coming days.

If you check other projects, it's still underfarmed! There are many better options than Layer Zero on the market, and this drop can be a good chance for them to stay on the market or be voided!

That's why you need to understand the basic principle of investing in this new project Whether you are in the midst of success or failure depends on how investors look at it once they finally launch their platforms. Sticking to the basic rules which is investing only what you can afford to lose is the best approach if you really want to invest and try your lunch with that kind of project and with a new idea such as this one, I doubt that they failed at their first launch rather it is best to consider to be ready to sell your coin whenever you sense that it won't go any further after the launching of their platforms to avoid losing your capitals.

Certainly, there are many other projects available in the market for airdrop farming such as LINEA, ZKSYC, Layer3 and many others, those have performed comparatively better. I personally have participated in all of them including LayerZero to maximize my profit from airdrop farming as I find it to be a very lucrative sector in crypto landscape. Hoping all these projects will reward their participants with generous amount of their native tokens. DYOR

Look it's good to stay safer on your investments but have you ever thought that how would you become a Millionaire while staying into the safe limits. It's not ever seen into the history that someone became a millionaire while staying into his safer zone your have to take certain risks.

Now risk doesn't mean that you have to invest without knowing on what you're investing in and what will be its price. Calculated risks are always preferred.

You made a valid point about balancing safety of funds and risk involved in investing which reflects your prudent approach. This is also crucial to note that cryptocurrencies market are relatively more volatile and risky, and that is the reason it can be highly rewarding. Becoming a millionaire is possible by investing in crypto market specially in Bitcoin which I believe is less risky but need to hold for long term to make this dream a reality.

Truly we can't dig in to verify what airdrop project is real but because it's a free project that doesn't require investment of funds, and for that reason, participants are being obligated indulge into the project hoping it'd pay tangibly.
While most airdrops has been a scam, it's advisable that whoever that's venturing into any of the projects should bear in mind that one may participate to execute those required tasks and still ends up not earning rewards.
To me, I've always have any of the airdrops projects on suspect of being a scam if they're being too hyped with those promises that participants would earn hugely.
You can imagine an airdrop speculating that participants on their projects would earn 1 bitcoin per participants, I guess it's clearly obviously that that can't be possible.

LayerZero seems to be a good idea, how well the implementation would be is still to be seen. They do have a vision for ZRO token but no official layerzero representative have ever talked about the token issue or an airdrop.
There might have been confusion of airdrop of HLO token from Holograph. Holograph seems to be a project that uses Layerzero. Layerzero too have confirmed the project as a part of its ecosystem but the two are as different as Ethereum and Shiba Inu.
I'm not much bullish on NFT projects but Layerzero do have potential. I'd rather wait and see how thing goes before buying any new project coins.

Indeed, LayerZero is a good idea because it tackles challenges of block chain such as interoperability, scalability, enhances security by reducing central points of failure, and allows creation of new innovative applications. However, as you pointed out correctly that results will entirely depend on how well these ideas are implemented.

I have also invested time and money on airdrop farming of LayerZero projects such as stargate finance, and eager to see how my expectations are met in future.

the amount probably gonna be generous, as far as it goes, the sybils self report campaign has been doing so well it literally caused hundred thousands of people self reporting which means more allocation for the genuine people.
https://i.postimg.cc/RZxssfSt/Screenshot.png
https://x.com/PrimordialAA/status/1790033102837797069
here he stated that there are so many people self reported, although these sybils still got allocation regardless but its miniscule compared to what these sybils are gonna be earning without these campaign which usually they also use bots that interact with the contract or protocol to make transaction, you know average people can't beat those.

moreover the witch hunting campaign has also started where the people that could find the potential sybils with proof of course gonna get the allocation of the drop that supposedly belong to those bot users.
so I guess the allocation won't be wasted on people using bots but instead to the real user of the protocol though i heard the total of allocation distributed for airdrop probably 5% i don't know whether its fact or just fake news.
but overall I guess the allocation gonna get boosted massively beause of this.
probably even more than you can get from wormhole airdrop for comparison.

In my opinion, a god project has to have a representative that can actively address the issues and concerns of the community. This will encourage confidence and reliability. To me this increases the validity and legitimacy of a project.

We don't want a project that disappears from time to time

Even though we don't want it, we can't do anything much as long as the decentralization in crypto is still there and regulations aren't on their full scale yet, as there will always be greedy people who creates them because they knew that there were also greedy investors who can skip the important parts when investing.

I am sure they will have that, because they are a good project anyway? They don't want to waste their potential only for some minor or major detail. Only a disclaimer!, that not all who does this are now considered to be a good project, so we must still not be confident and let us make it a habit to double-check things first if we aren't like that yet.

Yeah layerzero supports diverse Blockchains, it's fully interoperable. Did you qualify for ZRO airdrop?? Seems they've announced requirements & provided claim links..https://x.com/bitgetglobal/status/1803360920552493430?t=roIb1lqCKjSRUJdJ-h8lvw&s=19