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LayerZero is about to issue its coin, but what will come before the airdrop is the largest "witch cleansing" in history?

LayerZero is about to issue its coin, but what will come before the airdrop is the largest "witch cleansing" in history?

BlockBeats2024/05/06 02:51
By:BlockBeats
Original title: "On the eve of LayerZero's coin issuance, the community has waited for the largest "witch cleansing activity" in history"
Original author: Azuma, Odaily Planet Daily

On May 2, the cross-chain interoperability protocol LayerZero officially announced on X that the first snapshot (Snapshot #1) has been completed and more information will be announced soon.


As one of the most anticipated potential airdrop projects in the community, LayerZero's brief official announcement was also interpreted by the community as "the airdrop snapshot has been completed, and the big one is really coming."


On May 3, LayerZero officials once again announced that they would release an important announcement that evening to "demonstrate continued trust in community members." However, just as the community was speculating whether LayerZero would soon announce detailed airdrop rules, the announcement that LayerZero finally issued seemed to give all users a heavy blow - The tokens are indeed going to be issued, but multiple rounds of witch screening activities are required first.


Airdrop Background: Six Million Users


According to the description in the official document, a key factor that LayerZero needs to consider when formulating a token distribution plan is how to determine the best user cluster. In LayerZero's view, the best users should be the most "persistent" users, and the so-called "persistence" is defined as those users who are most likely to continue to use LayerZero in the future or follow their past usage habits.


On the evening of May 2, LayerZero co-founder Bryan Pellegrino responded to the community on X, saying that considering all the networks covered by LayerZero, the actual total number of users of the protocol is about 5.8 million addresses; and the official announcement last night revealed that the current total number of users of LayerZero is nearly 6 million addresses.


LayerZero is about to issue its coin, but what will come before the airdrop is the largest


Combined with past airdrop cases in the industry, millions of addresses are already considered to be super large, so for LayerZero, it is necessary to reduce the scope of airdrops through mechanism design or witch screening, so that tokens can be distributed to potential users in a way that is more in line with the expectations of the project party.


Wyrm Judgment Rules


In the official information released by LayerZero, no specific screening rules are given for the time being (probably to prevent witches from self-checking, thus affecting the effect of the "self-exposure" stage mentioned below). It only lists several interactive behaviors that may be regarded as witches. Bryan also gave some additional explanations on some cases on his personal X.


In short, the interactions that may cause an address to be judged as a witch include:


· As a single person or entity, using dozens, hundreds or thousands of addresses for batch interactions;


· In order to transfer NFTs across chains between different chains, a "worthless" NFT was minted;


· Used commonly used "witch brushing" applications such as Merkly, L2 Pass, L2 Marathon, etc.;


· In order to leave interaction records on multiple networks, extremely small amounts (such as US$0.01) were transferred back and forth between different chains;


· If you think you are a witch, then you are probably a witch.


Regarding the use of tools such as Merkly, some users questioned that this move might lead to large-scale "accidental killings". Bryan replied: "If you are a real user and have used Merkly for the purpose of reducing gas, then you may not be judged as a witch, but if you are just using Merkly to transfer assets back and forth, then you may be a witch."


LayerZero is about to issue its coin, but what will come before the airdrop is the largest


Witch screening rounds


According to LayerZero's official disclosure, this witch cleansing activity will be divided into three rounds in total.


The first round is the "self-exposure" stage, which will last for 14 days. Users who think they are suspected of being a witch can "self-exposure" through the window provided by LayerZero during this stage to retain 15% of the airdrop allocation.


It is worth mentioning that in order to facilitate the studio's "self-exposure", LayerZero also "thoughtfully" provides an API tool for large-scale submission of addresses.


LayerZero is about to issue its coin, but what will come before the airdrop is the largest


The second stage is the "trial" stage, during which LayerZero officials will conduct witch screening according to specific rules. The screening results will be announced on May 18, and addresses found in this stage will not receive any airdrop allocation.


The third phase is the "biting each other" phase, which will last from May 18 to May 31. LayerZero encourages community users to report witches to each other, and successful reporters can get 10% of the airdrop share allocation of the reported address.


The largest witch cleansing event in history?


Combined with the schedule disclosed by LayerZero, the governance token of the protocol will most likely be officially issued after the "biting each other" phase ends on May 31, so the expected coin issuance date should be in June.


For users who are looking forward to the LayerZero airdrop, they need to survive a full month of witch cleansing before receiving the final reward. Considering the huge user base of LayerZero itself, and the reusability of witch tags on different projects, LayerZero is probably launching not only the largest witch cleansing campaign in history, but its screening results may also have a far-reaching impact on the potential airdrops of other projects in the future.


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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