Fat Penguin NFT uses LayerZero airdrop! However, the token distribution proposal caused a huge backlash from the community

This site (120bTC.coM): The full-chain interoperability protocol LayerZero is about to be airdropped. More than thousands of projects built around LayerZero are applying to cooperate with its token distribution, including well-known Blue-chip NFT project Pudgy Penguins.

The project cooperated with LayerZero in January last year to produce its Lil Pudgy NFT into ONFT (full chain NFT), allowing Lil Pudgys NFT to be transferred between Arbitrum, Polygon and BNBChain. However, Fat Penguin’s token distribution method in the proposal caused a huge backlash from the community.

Fat Penguin Proposal Content

According to the proposal content, the token distribution plan proposed by Fat Penguin is as follows:

• 90% of the tokens are allocated to the community Group

• 10% of the tokens are reserved for developers

And in the breakdown of community allocation:

• 75% of community tokens are allocated to Pudgy Penguins NFT holders

• 15% are allocated to Lil Pudgys NFT holders

• 10% given to pengu Pins Explorer SBT holders

Among them, pengu Pins Explorer SBTs are issued to commemorate the first users who used Lil Pudgys for bridging. Fat Penguin claims that these allocations are intended to reward the active participation and support of the community, especially those who participate in the project through different forms of interaction. However, this is not paid for by the LayerZero community.

Community slams favoring large holders

Most community members believe this proposal has issues with fairness, pointing out that people holding Pudgy Penguins NFTs may have never interacted with the LayerZero protocol , but because Lil Pudgys became ONFTs, they were eligible to apply and even received the majority (75%) of the allocation. Some netizens said: Without Lilpudgys NFT and its cross-chain bridge, the Pudgy Penguins NFT project would have nothing to do with Layerzero.

He criticized the proposal as focusing mainly on large holders and planning to allocate 75% of the community share to them. This, in his opinion, has no reasonable legitimacy and is not conducive to the development of the LayerZero protocol. He suggested that users who dare to try new technologies should be rewarded, while only symbolic rewards (such as 5%) should be given to large holders who have nothing to do with LayerZero technology and applications. On the contrary, those early adopters of Lilpudgy’s bridge using LayerZero technology Users and SBT holders should be considered primary allocators.

Finally, he reminded people to remember the original intention of the LayerZero Request for Proposals (RFP): this is not to please or add value to an influential NFT community, but to encourage the use of the LayerZero protocol and help it develop further , consistent with the interests of the agreement as much as possible.

However, some comments expressed the opposite view, pointing out that Pudgy Penguins are the cornerstone of the brand and should receive appropriate allocation because they have made an important contribution to the brand's growth and popularity. Some netizens commented: The support and participation of Pudgy Penguins (current price 10.75 ETH) holders have played an important role in establishing the reputation and success of Pudgy Penguins, making them worthy of receiving a large portion of the distribution. The lower price of Lil Pudgys (currently 0.87 ETH) makes them easier to transfer and thus more efficient in onboarding new users to the full-chain protocol. While this plays a vital role in driving engagement, it is important to note that Keep in mind that they are derivatives of Pudgy Penguins, which doesn't overshadow the basic role of Pudgy Penguins.

In addition, the netizen pointed out that a part of the issued SBT directly belongs to Lil Pudgys, because only Lil Pudgy holders can receive them, which brings the total allocation of Lil Pudgys plus SBT to 25%. . Therefore, he believes that the distribution of 75% of Pudgy Penguins and 15% of Lil Pudgys (25% in total when including SBT) is reasonable. He said: Pudgy Penguins continues to be a key voice in the project, driving long-term value and brand equity. This distribution ensures that those who invest heavily in and support the Fat Penguin brand receive the rewards they deserve for their contributions.

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