LayerZero opens airdrop applications on the same day! The average OTC price of token ZRO is about $3.6

Full-chain interoperability protocol LayerZero has become one of the most anticipated airdrop projects this year due to its valuation exceeding US$3 billion. After the official completed the first phase of airdrop snapshots in early May and launched the "Witch Self-Reporting Plan" to vigorously search for witch accounts, the airdrop qualifications were finally opened today (19th).

The number of eligible addresses reaches 1.28 million, and airdrop applications will be open tomorrow

Users only need to enter the official airdrop qualification inquiry website, enter the EVM or Aptos address to check whether they are eligible, and learn about the available $ZRO allocation , as for the application, you have to wait until tomorrow. Note: The official stated that the measurement of airdrops includes the number of transactions, number of interactive networks, number of agreements, and the amount of $STG pledged...etc.

LayerZero CEO Bryan Pellegrino said that the number of eligible addresses reached 1.28 million. Early interactions enjoy 3 times the weight, and low-value transactions have an 80% weight reduction. At the same time, he emphasized that all Witch accounts have not been eliminated. On tomorrow's airdrop application day, the allocation of Witch accounts in the final list (released tomorrow) will be redistributed to LayerZero Core (official bridge users) qualified people.

Previously, Bryan Pellegrino stated that the total supply of $ZRO is 1 billion, and 23.8%, or 238 million, will be airdropped to the community and developers. 8.5% of the tokens will be circulated on the first day, that is, 85 million tokens, which will be allocated to official bridge users (Core), RFP projects (i.e. ecological users) and 5%, 3% and 0.5% of the community pool respectively; the remaining 153 million $ZRO will be unlocked in 12 months and divided into 3 years.

The average OTC price is about US$3.6

Although $ZRO has not yet been officially launched, it has been opened for trading in the pre-market market on Kucoin, Whale Market and other platforms. According to Kucoin data, the latest transaction price of $ZRO is US$10 , with an average transaction price of $3.57.

If calculated based on the average price, it means that LayerZero’s FDV is approximately US$3.57 billion, which is lower than Wormhole ($W)’s FDV of US$4.5 billion.

The community is greatly disappointed with the amount of airdrops

After opening the query for the number of airdrop allocations, there was a lot of disappointment in the community. Wilson, the founder of Weihu Club, said helplessly: "Sending beggars, are you still a witch?", netizen Kevin0x0 also said He said that although he is among the top 0.5% of users, judging from the wear and tear of the total ecological investment, there is a long way to go to get back to where he started. "I have been following the project for more than a year and now this is the result. To be honest, I feel very disappointed."

Note: Users who focus on airdrops will be called "electronic beggars", which comes from Starknet officials.

Also causing discussion is that holding Kanpai Pandas with the highest rarity can earn 10,000 $ZRO, which is much more than official bridge users. Some netizens questioned the CEO, but Pellegrino said that the project received an RFP allocation like other protocols and was allocated to fewer holders than official bridge users, but it still seemed unable to appease the dissatisfaction of the community.

In addition, the first NFT project based on LayerZero "Gh0stlyGh0sts" had previously received a wave of hype due to the expected LayerZero airdrop, and the floor price once reached 0.88ETH. However, according to netizens, each NFT can only get 30$. ZRO, with an off-market price of about $100, disappointed many holders.

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