Layerzero Speculation airdrop

[Sophokles]

I believe this is one of the much awaited airdrops in the space and I believe a lot of people must have farmed it, no matter how creative the may think they want to screen out these Sybil attacks some will still escape, I just hope it is well distributed airdrops just to encourage the community to stay. I think this is another Billion Dollars project

I just saw the news today that there is a confirmed airdrop for the ZRO token. It will be within the first half of 2024 which means there is still a lot of time before the distribution. I don't think they have taken the snapshot yet but the way airdrop farmers were speculating for this airdrop many people already think this airdrop won't be profitable like OP and ARB. Now after this news more people will join and those who were already doing farming will increase their efforts to farm with more money.

[poodle63]

I believe this is one of the much awaited airdrops in the space and I believe a lot of people must have farmed it, no matter how creative the may think they want to screen out these Sybil attacks some will still escape, I just hope it is well distributed airdrops just to encourage the community to stay. I think this is another Billion Dollars project

I just saw the news today that there is a confirmed airdrop for the ZRO token. It will be within the first half of 2024 which means there is still a lot of time before the distribution. I don't think they have taken the snapshot yet but the way airdrop farmers were speculating for this airdrop many people already think this airdrop won't be profitable like OP and ARB. Now after this news more people will join and those who were already doing farming will increase their efforts to farm with more money.

certainly after some massive airdrop like OP and ARB it definitely gonna increase the participant of the retroactive airdrop afterwards by significant amount, this ZRO airdrop im not expecting much, maybe it will be a good reward but not that massive. as you said, the address interacted with the layerzero dapps are astonishingly high I guess the cycle is always like that, good airdrop with relatively low participant creating fuss because the reward is massive, then people will all follow the same path trying out the same thing but with different project, no significant reward are given out due to the many participants that surpassed the expectation, then the airdrop eventually getting abandoned again until there are some random airdrop that have massive rewards then people will come again. but certainly if we have free time and dont mind spending little bit of money for interacting with smart contract I guess that won't be a problem.

[libert19]

I have seen that too but has snapshoot already taken? This is become the main concern. I have been consistently brigding through layer zero but i don't know whether snapshoot has taken or not. According from the CEO on the telegram if the snapshoot potentiall has not yet been taken...

I think that the team will make an announcement about the date of the snapshoot shortly before TGE, otherwise everyone will stop being active in anticipation of the airdrop. After all, no one will conduct such a number of useless transfers among various blockchains if there is no reward for it.

You are right, they can't ofc say in public that snapshot has been taken as it'll dry up the activity, but I'm sure has been taken, they wouldn't wanna do unnecessary effort filtering out sybils when they can snapshot early and filter most of them automatically.

 

[tokeweed]

I have seen that too but has snapshoot already taken? This is become the main concern. I have been consistently brigding through layer zero but i don't know whether snapshoot has taken or not. According from the CEO on the telegram if the snapshoot potentiall has not yet been taken...

I think that the team will make an announcement about the date of the snapshoot shortly before TGE, otherwise everyone will stop being active in anticipation of the airdrop. After all, no one will conduct such a number of useless transfers among various blockchains if there is no reward for it.

I think snapshot is already taken.  They wouldn't have confirmed and announced that they're having the airdrop at the first 6 months of 2024 if they haven't.  It's now just a matter if removing sybils from the list and figuring out which wallets gets how much.  A balanced distribution is what makes the tokens have sustainable value once listed for trading.  So getting rid of sybils and botters as best as they could is top priority...

I don't think the LZ devs' primary concern is everybody getting less active.  Lol.

I'm thinking airdrop happens around March or April.

[ice18]

I dont think snapshot already taken airdrop will be on 1st half of 2024 so most probably they are preparing for a snapshot, my guess is January 2024, so if you still want to join in one of the biggest airdrop in crypto history then you still have time, I have seen some possible criteria and one of this is to atleast make 30+ transactions on layer0.

[tvplus006]

I think snapshot is already taken.  They wouldn't have confirmed and announced that they're having the airdrop at the first 6 months of 2024 if they haven't.  ..

Well, that's just a guess. And if the picture has not been taken yet and you stop being active, then you deprive yourself of the opportunity to receive airdrop. I think that we need to continue to show minimal activity until it is officially announced that the snapshoot has been taken.

[Rehan Zakir]

I think snapshot is already taken.  They wouldn't have confirmed and announced that they're having the airdrop at the first 6 months of 2024 if they haven't.  ..

Well, that's just a guess. And if the picture has not been taken yet and you stop being active, then you deprive yourself of the opportunity to receive airdrop. I think that we need to continue to show minimal activity until it is officially announced that the snapshoot has been taken.

You are saying right. We have to do transaction once in a week to show the active wallet. But I can't understand how layerzero will distribute the tokens. Are they distribute coins on the basics of number of transactions.
There are 4millions wallet that did transactions through layerzero. This is a very huge amount. Did they give airdrop to all users?.
Or just for the limited people's.

[tokeweed]

I think snapshot is already taken.  They wouldn't have confirmed and announced that they're having the airdrop at the first 6 months of 2024 if they haven't.  ..

Well, that's just a guess. And if the picture has not been taken yet and you stop being active, then you deprive yourself of the opportunity to receive airdrop. I think that we need to continue to show minimal activity until it is officially announced that the snapshoot has been taken.

Sure, I get that.  But in my case I use Layer Zero based protocols because I need to, not because I'm farming for the airdrop.  I'm not sure about this but I think the Layer Zero devs have learned from other airdrops and wisened up to remove botters and sybils as best as they could.  And I think they're still prolly sifting through the list right now which could last a couple of months more before they're ready to airdrop.

So yeah, my guess is the snapshot was taken right before they made the announcement and they are now in the process of removing botters and cheats.

[tvplus006]

...But I can't understand how layerzero will distribute the tokens. Are they distribute coins on the basics of number of transactions.
There are 4millions wallet that did transactions through layerzero. This is a very huge amount. Did they give airdrop to all users?.
Or just for the limited people's.

The number of transactions will not be the only criterion for receiving airdrop. In addition, the number of interactions with various contracts, the volume, the date of the first transaction, and others will matter. And in each of these criteria, a minimum value will be set, which will eventually limit the amount of eligible receive airdrop.

[JeffBrad12]

...But I can't understand how layerzero will distribute the tokens. Are they distribute coins on the basics of number of transactions.
There are 4millions wallet that did transactions through layerzero. This is a very huge amount. Did they give airdrop to all users?.
Or just for the limited people's.

The number of transactions will not be the only criterion for receiving airdrop. In addition, the number of interactions with various contracts, the volume, the date of the first transaction, and others will matter. And in each of these criteria, a minimum value will be set, which will eventually limit the amount of eligible receive airdrop.

that could be, but we don't know for sure, I guess with the fact that there are so many people that do use their platform, they'd indeed make some eligibility even harder and will only qualify few hundred thousand address but if the teams care about decentralizing the holder of their token, they might just go on and make every of those 5 millions address eligible and just go with it doesn't matter whether the reward would be low their platform is still being used widely anyway since the utility is strong in itself.
but all these are just speculation, the devs are usually having some obscure requirement by the end of the event and we might not be surprised considering such thing already been pulled off by many devs in the past, I guess this layerzero is not an exception.

[tvplus006]

...So yeah, my guess is the snapshot was taken right before they made the announcement and they are now in the process of removing botters and cheats.

Of course, you can trust your intuition, but I prefer to trust the words of Bryan Pellegrino, who is the Co-Founder and CEO of LayerZero Labs, published in the official chat: "There will be public comms if there is a snapshot or anything of the sort no need to guess, comms will be clear" - https://t.me/c/1540062342/84652 So it's too early to stop)

[libert19]

they might just go on and make every of those 5 millions address eligible and just go with it doesn't matter whether the reward would be low their platform is still being used widely anyway since the utility is strong in itself.

I'd like that if they don't try so hard to filter sybils (which will also exclude many of genuine wallets). History has shown that whenever the project was miserable with their airdrop, it didn't turned out well for project. Examples; PSP, SEI.

but all these are just speculation, the devs are usually having some obscure requirement by the end of the event and we might not be surprised considering such thing already been pulled off by many devs in the past, I guess this layerzero is not an exception.

Indeed, I'm expecting obscure requirement that we haven't seen before.

[tokeweed]

...So yeah, my guess is the snapshot was taken right before they made the announcement and they are now in the process of removing botters and cheats.

Of course, you can trust your intuition, but I prefer to trust the words of Bryan Pellegrino, who is the Co-Founder and CEO of LayerZero Labs, published in the official chat: "There will be public comms if there is a snapshot or anything of the sort no need to guess, comms will be clear" - https://t.me/c/1540062342/84652 So it's too early to stop)

Can't access the message.  When was that posted?  After or before they made the announcement?  If it was after the announcement then the snap shot hasn't been taken yet.  But if it's before and especially months before then dunno...  With all the sybil and the botting going on it's prolly best for them not to share any info.  But then again it could be good for them too cos if Pellegrino says that the snap shot was already taken, all the farming stops and they mark those 'active' wallets that suddenly stopped being active.  Lawl.

[tvplus006]

...So yeah, my guess is the snapshot was taken right before they made the announcement and they are now in the process of removing botters and cheats.

Of course, you can trust your intuition, but I prefer to trust the words of Bryan Pellegrino, who is the Co-Founder and CEO of LayerZero Labs, published in the official chat: "There will be public comms if there is a snapshot or anything of the sort no need to guess, comms will be clear" - https://t.me/c/1540062342/84652 So it's too early to stop)

Can't access the message.  When was that posted?  After or before they made the announcement?  If it was after the announcement then the snap shot hasn't been taken yet.  But if it's before and especially months before then dunno...

To read this message, you need to be a member of the official LayerZero chat or join it - https://t.me/joinchat/VcqxYkStIDsyN2Rh
Bryan Pellegrino posted this message as a response to the discussion that arose after the publication of the LayerZero message on Twitter on December 7.

[shinratensei_]

To read this message, you need to be a member of the official LayerZero chat or join it - https://t.me/joinchat/VcqxYkStIDsyN2Rh
Bryan Pellegrino posted this message as a response to the discussion that arose after the publication of the LayerZero message on Twitter on December 7.

this just opens up chance for those that haven't interacted with the project itself to get the airdrop, wonder how many address will suddenly appear after this message coming from the CEO himself i'm sure many people are worked up to get that share of the airdrops.
but considering that there are so many participants already since fundamentally speaking this project is truly have an utility and it seemed many people has purely use this project for this utility alone im guessing there'll be so many address qualified and this token will definitely have massive market capitalization.

Indeed, I'm expecting obscure requirement that we haven't seen before.

if the obscure requirement is the thing we haven't seen before, it might cause fewer address to be eligible after all, most of the many strange requirement already being used.
I think the requirement will just be like earlier airdrops basically interacting with smart contract.

[libert19]

I am still of the opinion that Layerzero wouldn't confirm about snapshot, just because it'll dry up the activity to larger extent if they would confirm the same. I know starknet confirmed that their snapshot was taken, but farmers of LZ are more than starknet, LZ would try to continue milking them.

Let's wait until official airdrop announcements comes and tells us when snapshot was actually taken, and we'll see truth of Bryan's statement.

[tokeweed]

^  But then again, didn't Pellegrino confirm a day later Layer Zero's announcement that the snapshot has not happened yet?  I guess that does encourage the botters to go keep on botting LZ protocols as the devs confirmed that there's going to be an airdrop but snapshot hasn't happened yet.  Lol.

Anyway, again...  I hope I get in but looking at how airdrops have gotten so competitive, I'm not too hopeful about this one anymore.  It'd be a bonus for me.  I got some decent volume in tho.

[libert19]

Anyway, again...  I hope I get in but looking at how airdrops have gotten so competitive, I'm not too hopeful about this one anymore.  It'd be a bonus for me.  I got some decent volume in tho.

Yea, it's been massively saturated that I don't expect much either. It's going to be challenge for devs to filter out genuine wallets as well, whatever they do good sybils will get in anyway.

[tokeweed]

^  Hey libert19...  As I was staking TIA, ATOM and OSMO to increase my chances for eligibility for future Cosmos based projects' airdrops, Layer Zero's airdrop and staking STG got me thinking.  Do you think that it's already too late to stake STG?  Like do you think the Layer Zero devs have already made the snapshot by now?

Not sure why I didn't do it last year.  :/  It's taking things for granted and laziness that get the better of me again.  Lol.

Anyway yeah...  Hope I'm not too late as I just staked STG just now.

[libert19]

^  Hey libert19...  As I was staking TIA, ATOM and OSMO to increase my chances for eligibility for future Cosmos based projects' airdrops, Layer Zero's airdrop and staking STG got me thinking.  Do you think that it's already too late to stake STG?  Like do you think the Layer Zero devs have already made the snapshot by now?

Not sure why I didn't do it last year.  :/  It's taking things for granted and laziness that get the better of me again.  Lol.

Anyway yeah...  Hope I'm not too late as I just staked STG just now.

What do I know? It's good to do everything that you think will make you eligible for airdrop, I tell you I don't follow my own advise at times, laziness gets better of me too.