Basic Information
| Information | Details |
|---|---|
| Project Name | LayerZero |
| Project Website | LayerZero |
| Project Description | LayerZero is an omnichain interoperability protocol that enables censorship-resistant messaging and permissionless development through immutable smart contracts. |
| Project Ticker | ZRO |
Airdrop Details
| Information | Details |
|---|---|
| Airdrop Type | Retroactive (Token) |
| Total Airdrop Amount | 383,000,000 ZRO (Community Allocation) |
| Number of Eligible Users | Nearly 6 million unique wallet addresses interacted with the protocol, but exact eligibility numbers are not stated. |
| Number of Claimants | Not Known |
Timeline
| Event | Date |
|---|---|
| Blockchain Snapshot | Not Specified |
| Claiming Started | June 20, 2024, 11:00 AM UTC |
| Claiming Ends | September 21, 2024 (Reallocation claim deadline) |
Token Distribution
| Distribution | Amount |
|---|---|
| Maximum | 10,000 ZRO (Protocol RFP wallets) / 5,000 ZRO (Core allocation) |
| Median/Average | Not Known |
| Minimum | 5 ZRO (Protocol RFP wallets) / 25 ZRO (Core allocation) |
Eligibility Criteria
Eligibility for the ZRO airdrop was determined through several phases:
- Sybil Filtering: Users who self-reported Sybil activity received 15% of their intended allocation. Others were disqualified.
- Protocol RFP (3% of ZRO Supply): Wallets listed in an approved Protocol RFP submission received between 5 and 10,000 ZRO.
- Eligibility factors:
- Number of messages sent before/after the snapshot
- Time since first interaction with LayerZero
- Application type (OApp, OFT, ONFT)
- Eligibility factors:
- Core Distribution (5.5% of ZRO Supply): Rewarded users based on protocol fees paid before the snapshot.
- Minimum 25 ZRO, maximum 5,000 ZRO.
- Transactions under $1 and valueless NFTs were deweighted by 80%.
- Multipliers for early and post-snapshot users.
Reallocation Rules (Post-TGE Adjustment):
- Eligible: Users who claimed ZRO and interacted with LayerZero after the Token Generation Event (TGE).
- Ineligible: Users who claimed but had no transactions after TGE, and Sybil-flagged wallets.
- Eligible wallets received a pro-rata share of unclaimed tokens based on gas fees spent post-TGE.
Important Links
- Price Tracking: CoinMarketCap
- Price Tracking: CoinGecko
- Eligibility Checker
- Claim Portal
- Commonwealth Discussion on Bounty Allocations
- Official Announcement
- Twitter Announcement
Additional Information
- The total ZRO supply is 1 billion tokens.
- Strategic partners (investors, advisors) received 322M ZRO (32.2%), locked for 1 year, with a 3-year vesting schedule.
- Core contributors (team members) received 255M ZRO (25.5%), also under a 3-year vesting schedule.
- Governance Mechanism: ZRO holders can vote on activating or deactivating the protocol’s fee switch via an immutable onchain referendum every six months.
- Fees: LayerZero may charge fees equal to the verification/execution costs of cross-chain messages.
- Unclaimed Tokens: Any ZRO left unclaimed after 30 days will be allocated to the LayerZero Foundation.