Original | Odaily Planet Daily

Author | Nanzhi

At 1:00 pm Beijing time today, LayerZero, which had been struggling with witch censorship for a month and a half, finally opened the airinvestment qualification query link (click to jump).

However, most addresses only have a few to dozens of ZRO, and the smallest one is even less than 0.1. According to pre-market trading data from Whales Market and Aevo, the price of ZRO is about 4 U, which means that most addresses only receive tens of dollars in airdropped tokens. For users with a low winning rate, it may not even be enough to cover the interaction cost.

According to Lookonchain monitoring, a top airdrop hunter also suffered a setback on LayerZero. Its address only received 354.92 ZRO (about 1,420 US dollars) in this airdrop. It had previously obtained considerable profits in other airdrops: 104,806 ZK (29,000 US dollars), 10,250 ARB (14,000 US dollars) and 17,007 OP (24,000 US dollars).

All of the above proves that LayerZero is the largest anti-scam project of the year.

Airdrop calculation rules

LayerZero CEO Bryan Pellegrino said that there are only 1.28 million eligible addresses in the end, and the final list of Sybil addresses will be announced tomorrow.

Bryan gave some explanations on the final airdrop calculation rules. Combined with the previous article "Ten Questions for LayerZero Co-Creation: How to deal with wash trading and how to calculate token incentives?", the key points are as follows:

  • The number of airdrops is distributed linearly according to the LayerZero protocol fee, excluding fees charged by other protocols such as Stargate;

  • The minimum airdrop amount for users in the LayerZero Core group is 25 tokens, and the maximum is 5,000 tokens;

  • The minimum RFP is 5 and the maximum is 10,000;

  • All early transactions receive a triple multiplier, and late users receive an additional 10 ZRO;

  • NFT transactions with zero value will be downgraded by 80%.

In addition to the above basic rules, LayerZero has also added many other calculation factors, including various NFTs and protocols, but LayerZero has not disclosed the specific details, resulting in many questioning voices in the community.

Insider trading again?

Shortly after the query link was released, a picture of the query results began to circulate in the community. The picture showed that a user received 10,000 ZRO airdrops with the Kanpai Pandas NFT, but the specific address was not disclosed in the community communication content.

According to Odaily’s investigation, Kanpai Pandas is an NFT series that uses LayerZero’s ONFT cross-chain technology. The lowest level of Kanpai Pandas can obtain 63 ZROs, while the INIFINITY level can obtain 522, and the ALIEN HOLDERS level can obtain 437. The total amount of this series is 7,976, so a total of about one million ZROs were airdropped to the holders of this NFT series, not the 30 million pieces rumored on the Internet.

In fact, as LayerZero’s “own son” NFT Pudgy Penguins, the airdrop volume of each of them ranges from dozens to hundreds, which is at the same level as Kanpai Pandas.

Bryan Pellegrino, CEO of LayerZero Labs, also confirmed that a total of 10 million tokens were airdropped to Stargate users, with Pudgy Penguins and Pandas holders receiving 1 million each. “All projects in the RFP will allocate allocations to their own communities as they wish, and details will be announced later.”

However, Odaily Planet Daily found some interesting situations during the investigation:

A certain address (0x251f8294b1e5df92366ced179fb66b7745749b6b) has only traded two NFTs, of which Kanpai Pandas earned it 5,335 ZROs.

Another NFT Mafia Nuts purchased by this address was transferred to address 2 (0x89cff61026f6743b8d25ae9b253582083136b1c4). The ZRO airdrop quota of address 2 was 15,010, of which Kanpai Pandas again contributed 9,919.

As an obvious LayerZero technology-related NFT, holding a large amount of this NFT and its airdrops cannot be considered as insider trading. However, for the majority of users who only received a few airdrops, the appearance of multiple other precisely hit mysterious addresses can indeed easily arouse suspicion and anxiety.

LayerZero or EndGame

The three kings of the 2023 blockchain industry, Starknet, ZKsync, and LayerZero, finally ended here. Now ZKsync and LayerZero have caused strong dissatisfaction in the community. Starknet, which was previously complained about for its high gas prices and network congestion, has become the last "big game". The subsequent projects are not as large as the previous ones, and will only become more involuted. LayerZero may become the endgame of blockchain.