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LayerZero has disqualified team members from an airdrop 😂 🧑‍💻LayerZero #labs co-founder Bryan Pellegrino confirmed that project employees will not receive the upcoming distribution of $ZRO tokens. "Will announce something publicly about this, every #LayerZero labs employee is 100% restricted from claiming and has no eligibility [to the airdrop]" - he wrote. 👀 According to him, such actions within the company are considered a "serious violation." This issue has been discussed multiple times with team members. 🤷 Pellegrino clarified that even employees who own certain NFT collections like Pudgy Penguins "will not be eligible" for the drop. ✔️ On May 3, the project team announced the start of a fight against Sybils, offering them to voluntarily "surrender" and guarantee receiving 15% of the #tokens they claim from each account. As a result of this Sybil hunting network activity dropped to a record low level. #CryptoWatchMay2024 #BTC

LayerZero has disqualified team members from an airdrop 😂

🧑‍💻LayerZero #labs co-founder Bryan Pellegrino confirmed that project employees will not receive the upcoming distribution of $ZRO tokens.

"Will announce something publicly about this, every #LayerZero labs employee is 100% restricted from claiming and has no eligibility [to the airdrop]"

- he wrote.

👀 According to him, such actions within the company are considered a "serious violation." This issue has been discussed multiple times with team members.

🤷 Pellegrino clarified that even employees who own certain NFT collections like Pudgy Penguins "will not be eligible" for the drop.

✔️ On May 3, the project team announced the start of a fight against Sybils, offering them to voluntarily "surrender" and guarantee receiving 15% of the #tokens they claim from each account. As a result of this Sybil hunting network activity dropped to a record low level.

#CryptoWatchMay2024 #BTC

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History tends to repeat itself... Unfortunately, modern cryptocurrency exchanges are following in the footsteps of the traditional banking system. Let’s delve into why this is so important to understand. 💩 The Main Issue: Cryptocurrency exchanges, like banks, are interested in holding onto your funds rather than returning them. This means your investments are used by them to generate profits, not kept on standby for your withdrawal requests. 💩What Could Go Wrong: Sooner or later, an exchange might decide that maintaining a 1:1 reserve ratio is unprofitable. They might hold only 10% in reserves, thinking it’s unlikely that all clients will demand their money back at the same time. This practice is known as fractional reserving. 💩 The Risk of D-Day: While this might work for a while, there will come a day when many investors want to withdraw their funds simultaneously. At that point, the #exchange won’t be able to fulfill its obligations, and the entire system will collapse. We have already seen this happen with several major exchanges. 💩 Why This Matters to You: 🔘Transparency: Demand transparency from the cryptocurrency #exchanges you use. Ensure they have sufficient reserves and are willing to prove it. 🔘Diversification: Don’t keep all your funds on one exchange. Spread your investments across different platforms and storage methods. 🔘Awareness: Stay informed about news and policy changes related to exchanges. Knowledge is power and can save your investments. Be vigilant, invest responsibly, and don’t let your money become a hostage to someone else’s interests. #BTCFOMCWatch #BTC #bitcoin
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