If you want to get coins, you must pay first. LayerZero’s new rules are unprecedented

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If you want to receive the $ZRO airdrop, pay first.

LayerZero is up to something new. With just 5 minutes left before the airdrop is officially open, LayerZero announced an unprecedented rule: to claim ZRO, users must donate $0.10 USDC, USDT, or native ETH for each ZRO.

Use real money to exchange for ZRO of unknown price.

LayerZero has been repeatedly criticized by the community for its "abnormal" anti-sybil strategy. Many users thought that anti-sybil would allow them to get more $ZRO, but it did not. This operation is probably unique in the history of the entire crypto industry.

What exactly happened?

Just 5 minutes before the opening of the collection at 7 pm today $ZRO, LayerZero released a new announcement:

“Today, LayerZero launched a new claiming mechanism called “Proof of Donation” that will result in ~$18.5M being donated to the @ProtocolGuild, a collective funding mechanism for Ethereum developers.

The Protocol Guild and Ethereum’s core developers have been critical to the development of LayerZero, driving adoption of the EVM, Ethereum’s L2-centric roadmap, and the broader crypto ecosystem. By donating to the Protocol Guild, eligible airdrop recipients demonstrate long-term support for the LayerZero protocol and a commitment to the future of cryptocurrency.

To claim ZRO, users must donate $0.10 USDC, USDT, or native ETH for each ZRO. This small donation will go directly to the Protocol Guild. The LayerZero Foundation will match all donations up to $10 million.

What does the community say?

“You’re a joke.”

“Good idea, but why did you announce it 5 minutes before the airdrop was available?”

“This is not an airdrop, it’s more like a token sale”

“They raised $400 million, collected more than $120 million in fees, and then asked users to pay to receive airdrops…”

"What the hell, Play-to-Claim?"

“Sometimes you can’t be sure whether you are petting the fur or the fur is petting you.”
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What will happen to the $ZRO price?

After this wave of operations, I don’t know how many U $ZRO will reach when the market opens at 8 o’clock tonight. According to some pre-market trading market data, the pre-market transaction price of ZRO on multiple platforms is about 4.1 to 4.4 US dollars.

In addition, the list of $ZRO market makers seems to have surfaced. According to the monitoring of on-chain data analyst @Noah_nftn, there are six LayerZero market makers, namely:

@GSR_io received 11 million ZRO;
@wintermute_t , received 6.5 million ZRO;
@ambergroup_io, received 5.69 million ZRO;
@Auros_global received 360,000 ZRO;
@animocabrands, received 800,000 ZRO;
The sixth is an unknown organization, which received 500,000 ZROs.


Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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