LayerZero Foundation Introduces Eligibility Checker for Upcoming Airdrop, Distributing 1.28 Million Wallets

• ZKsync's ZK token airdrop eligibility checker announced by LayerZero Foundation.
• 1.28 million wallets eligible for the airdrop, with distribution details revealed by CEO Bryan Pellegrino.
• LayerZero Foundation teased airdrop claim date for 06.20.2024, with 23.8% of total token supply allocated to community and builders.
• LayerZero implementing anti-Sybil measures for airdrop, including bounty hunter program and self-reporting system.
• ZKsync's ZK token airdrop faced backlash due to apparent lack of anti-Sybil measures, with top wallets offloading allocations.
• Binance lists ZK token for trading, offers token distribution program to address community concerns.

Summary :
LayerZero Foundation has announced an eligibility checker for its upcoming airdrop, allowing users to check their eligibility and view a summary of their user activity. The airdrop will distribute a total of 1.28 million wallets. Last week, the foundation teased the airdrop claim date, which is set for June 20, 2024. The airdrop will distribute 23.8% of the total token supply to the community and builders, with additional distributions over the next 36 months. LayerZero has implemented anti-Sybil measures to prevent unfair distribution, including a bounty hunter program and a self-reporting system. In related news, ZKsync, a layer-2 scaling platform, has faced criticism over its airdrop criteria, with nearly half of the top wallets that received the ZK token selling their entire allocation within 24 hours. The token's price has fallen 34.5% since its launch. Despite the controversy, ZKsync defended its airdrop design and detection measures for Sybil attacks. Binance has listed the ZK token and is offering a token distribution program to address community concerns.

Sources :

- TheBlock
- TheBlock
- CoinTelegraph
- Bankless
- Coindesk
- Decrypt
- TheBlock
- CoinTelegraph
- TheBlock