6 months ago
32 ARTICLE AD
Users hunting airdrops highlighted that this is the first snapshot, which could mean there’s still time to keep interacting to boost eligibility.
LayerZero Labs announced on May 1 the snapshot for the long-awaited airdrop of its native token. The X post used to inform users of the snapshot indicates it was taken yesterday’s last second (UTC).
Snapshots are events where applications read all the interactions with their services so far. For airdrop hunters, this means interactions happening after the snapshot won’t make them eligible to receive rewards. However, X users highlighted that this is the first snapshot, which could mean it is not over yet for late investors.
LayerZero is an interoperability protocol enabling cross-chain messaging, which lets users transfer tokens between different blockchains.
Despite LayerZero Labs’ announcement, no more details were revealed, such as tokenomics, the date for the eligibility check, and what is the token utility. Bryan Pellegrino, co-founder and CEO of LayerZero Labs, shared that 5.8 million wallets have interacted with their services.
Interoperability airdrops
Wormhole started the airdrop season of interoperability protocols in 2024, distributing 617 million units of its native token W. Polyhedra was the second one, allocating 15% of its total 900 million supply of ZK tokens.
On top of LayerZero, airdrop hunters are waiting on other interoperability protocol token distributions, such as Orbiter, deBridge, Hyperlane, and Li.fi.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
