LayerZero Witch Hunt airdrop rewards are gone? CEO’s latest post raises questions from many users

This site (120bTC.coM): LayerZero, a full-chain interoperability protocol with participation from many star institutions such as a16z and Sequoia Capital and a valuation of more than US$3 billion, is the most popular this year. One of the most anticipated airdrop projects.

Previously, LayerZero announced that it had completed the first phase snapshot at 7:59:59 am on May 2nd, Beijing time, and launched the "Witch Self-Reporting Plan" on the 4th to allow users to surrender their addresses. Witch behavior, if the user surrenders, the user will receive 15% of the airdrop reward. If the user does not surrender, the official will release a list of identified witch addresses, and the airdrop rewards of users on the list who have not surrendered will be reset to zero.

After the self-reporting period for witches, they will enter the following two stages:

• Phase 1: Officials will release a list of witch users they have identified. Those who do not self-report will not receive any airdrops.

• Phase 2: Official bounties will be opened, and users can submit detailed reports on witch activities. A successful report will result in the Witch user receiving nothing, while the bounty hunter will receive 10% of Witch's expected distribution.

The witch hunt has officially begun

LayerZero announced on the social platform on the 18th that the witch self-reporting phase has ended, and each self-reported address will receive its 15% of the expected token distribution, the remaining 85% will be given back to qualified users. Based on self-reporting and LayerZero’s analysis, a total of 803,093 addresses were identified as potential witches.

At the same time, LayerZero stated that the witch hunting bounty activity will start at 10:00 on the 18th, Beijing time, and the bounty report will end at 7:59 on June 1. The report must cover at least 20 addresses in a clear way to be successful. The bounty hunter who reports the witch will receive 10% of the expected token distribution for the witch address, while the witch address will receive 0 distribution. The final list of witches will be announced after the bounty hunting event ends.

There is no basis for airdrop standards, and it is a waste of time to report "worthless" witch addresses

In addition, today LayerZero CEO Bryan Pellegrino tweeted on the social platform, praising the decentralization of bounty hunting activities ational collaboration model: I would like to highlight an example of an excellent bounty report and how important I believe it is to involve open researchers in the process. I've said it many times, but people are always amazed at how decentralized efforts can lead to amazing results.

However, under his tweet, some users raised questions about the event: Many witches may not be eligible for airdrops...but now even if the witch hunt does not meet the airdrop standards, do you have to pay the hunter?

Pellegrino said in this regard: Hunters will receive 10% of the airdrop originally deserved by the witch address, and the remaining 90% will be returned to other qualified addresses. If the original airdrop share of the witch address is zero, the hunter will not receive any reward.

However, some netizens commented under Pellegrino’s reply: LayerZero should first publish the air investment eligibility criteria so that people will not waste time reporting “worthless” witch addresses.

On the other hand, perhaps due to the influence of translation software, the well-known crypto KOL He Bi seems to have mistaken "the remaining 90% will be returned to other qualified addresses" for "the remaining 90% will be returned to qualified witches" Address" and asked him to tweet on social media to express his doubts: Hunter wants to hunt lonely? ? ?

However, under his tweet, many netizens left comments and corrected: "Isn't this normal? 10% is the bounty and 90% is returned to the public pool and distributed to everyone. It's a good thing." "The translation is not In this way, 10% is given to the hunter, and the remaining 90% is returned to the corresponding address, where the address is in the plural."

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