{"id":13284,"date":"2024-05-07T13:03:01","date_gmt":"2024-05-07T10:03:01","guid":{"rendered":"https:\/\/forklog.com\/en\/layerzero-excludes-team-members-and-sybil-accounts-from-airdrop\/"},"modified":"2024-05-07T13:03:01","modified_gmt":"2024-05-07T10:03:01","slug":"layerzero-excludes-team-members-and-sybil-accounts-from-airdrop","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/layerzero-excludes-team-members-and-sybil-accounts-from-airdrop\/","title":{"rendered":"LayerZero Excludes Team Members and &#8216;Sybil&#8217; Accounts from Airdrop"},"content":{"rendered":"<p>LayerZero Labs co-founder Bryan Pellegrino confirmed that project employees will not receive the upcoming ZRO token distribution.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Will announce something publicly about this, every LayerZero labs employee is 100% restricted from claiming and has no eligibility \u2014 it will be a fireable offense and has been announced internally for some time and has always been the case<\/p>\n<p>\u2014 Bryan Pellegrino (\u81ed\u4f01\u9e45) (@PrimordialAA) <a href=\"https:\/\/twitter.com\/PrimordialAA\/status\/1787660605870215498?ref_src=twsrc%5Etfw\">May 7, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I will announce this publicly, every LayerZero Labs employee is 100% restricted from claiming and has no eligibility [for the airdrop],&#8221; he wrote.<\/p>\n<\/blockquote>\n<p>According to him, such actions within the company are considered a &#8220;serious offense.&#8221; This point has been repeatedly discussed with team members.<\/p>\n<p>Pellegrino clarified that even employees holding certain NFT collections like Pudgy Penguins will not be eligible for the drop.<\/p>\n<p>In December 2023, the omnichain protocol LayerZero announced the distribution without revealing further details. On May 1, 2024, developers took a snapshot.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">More information coming soon. <a href=\"https:\/\/t.co\/NyMpJFVg9S\">pic.twitter.com\/NyMpJFVg9S<\/a><\/p>\n<p>\u2014 LayerZero Labs (@LayerZero_Labs) <a href=\"https:\/\/twitter.com\/LayerZero_Labs\/status\/1785821562475839843?ref_src=twsrc%5Etfw\">May 2, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On May 3, the project team announced efforts to combat airdrop hunters creating multiple accounts to increase profits.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We believe it is in the protocol&#8217;s best interest to distribute tokens to durable users \u2014 not sybil farmers.<\/p>\n<p>If you are a sybil, you have two options:<\/p>\n<p>\u2013 Self-report sybil addresses for 15% of your intended allocation. No questions asked. The deadline to do so is May 17th.<\/p>\n<p>\u2013 Do\u2026 <a href=\"https:\/\/t.co\/Kme9ZKckC7\">pic.twitter.com\/Kme9ZKckC7<\/a><\/p>\n<p>\u2014 LayerZero Labs (@LayerZero_Labs) <a href=\"https:\/\/twitter.com\/LayerZero_Labs\/status\/1786441554816532646?ref_src=twsrc%5Etfw\">May 3, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company offered two options for &#8220;sybils&#8221;: disclose their actions to receive 15% of the reward, or do nothing and risk being identified by the security system and missing out on the drop. Reports of improper farming must be submitted by May 17.<\/p>\n<p>Back in April 2023, LayerZero Labs raised $120 million in a Series B funding round, valuing the company at $3 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LayerZero Labs co-founder Bryan Pellegrino confirmed that project employees will not receive the upcoming ZRO token distribution. Will announce something publicly about this, every LayerZero labs employee is 100% restricted from claiming and has no eligibility \u2014 it will be a fireable offense and has been announced internally for some time and has always been [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1158,1349],"class_list":["post-13284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-airdrops","tag-layerzero"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=13284"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/13283"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=13284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=13284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=13284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}