Home web3.0 LayerZero Airdrop: The Proof-of-Donation Model and Its Implications for the Airdrop Meta

LayerZero Airdrop: The Proof-of-Donation Model and Its Implications for the Airdrop Meta

Jun 22, 2024 am 06:31 AM

The airdrop meta has evolved so badly that it isn't about who's using what protocol or testing it out, and it's more about certain individuals farming the possible airdrop from the same

LayerZero Airdrop: The Proof-of-Donation Model and Its Implications for the Airdrop Meta

LayerZero’s airdrop was one of the most anticipated in recent times, given the hype surrounding the cross-chain interoperability protocol and the large number of users who had interacted with it in some way. However, the airdrop criteria and allocation method drew criticism from some users, who felt that they were unfairly excluded or allocated a small amount of tokens despite meeting the requirements.

One of the main points of contention was the exclusion of certain Aptos wallets from the airdrop. LayerZero had stated that only wallets that had completed at least one Aptos transaction were eligible for the airdrop, but many users who met this criterion reported not receiving the airdrop. In response, LayerZero clarified that the Aptos transaction had to be completed before a specific snapshot date, which further narrowed down the pool of eligible wallets.

Another issue raised by users was the large disparity in airdrop allocations, with some users receiving a few tokens while others received thousands. This disparity was reportedly due to LayerZero’s efforts to identify and exclude Sybil wallets, which are multiple wallets operated by a single entity to game airdrops and other crypto rewards. As a result, some users who had created multiple wallets for legitimate purposes, such as managing funds for different projects, were penalized and received a smaller airdrop allocation.

Finally, some users expressed dissatisfaction with the compulsory donation that LayerZero introduced just before the TGE and airdrop claim. The donation was intended for Protocol Guild, a collective funding mechanism for Ethereum developers, and it amounted to about $0.1 per ZRO token claimed. Many users questioned why they were being forced to donate when they were not willing to do so, especially considering the lower-than-expected airdrop allocation.

Overall, while LayerZero’s airdrop was certainly a positive event for many users, the airdrop criteria, allocation method, and compulsory donation sparked off some controversy and negative reactions from a portion of the community.

News source:https://www.kdj.com/cryptocurrencies-news/articles/layerzero-airdrop-proofdonation-model-implications-airdrop-meta.html

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