LayerZero Set to Revolutionize with Token Airdrop in 2024: Anticipation Builds in Crypto Community

DigiFinex
2 min readDec 9, 2023

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(via CoinStats)

LayerZero Announces Token Airdrop for 2024

LayerZero, a comprehensive cross-chain interoperability protocol backed by renowned investors like a16z and Sequoia Capital, has been a focal point of attention in the cryptocurrency airdrop scene. After much anticipation and speculation, LayerZero has finally confirmed an airdrop for the first half of 2024.

Further reading:Breaking the Code: SSL Certificate Sparks Wildfire Rumors of a LayerZero Airdrop — Could It Be True?

Community Buzz: Has the Snapshot Already Happened?

In addition to the excitement around the token launch, there’s significant curiosity about whether the snapshot for the airdrop has already been taken. This is crucial as it influences user interaction with the protocol. A community poll on Twitter, with 16,000 participants, showed that 63% believe the LayerZero snapshot is complete.

While the official confirmation is pending, the community speculates that the snapshot might not be announced soon to prevent potential protocol fund outflows.

LayerZero Usage Data: Impressive Numbers

Dune Analytics provides an insightful glimpse into LayerZero’s current engagement across various blockchains like Arbitrum, Avalanche-C, BNB, Ethereum, Fantom, Gnosis, Optimism, and Polygon:

  • Total Users Participating in Cross-Chain Activities: 3.40 million
  • Total Cross-Chain Transactions: 7.42 million
  • Total Cross-Chain Funds Involved: $24.7 billion

Predicting LayerZero’s Token Price

LayerZero’s first financing round led by Sequoia Capital valued it at $1 billion, raising $135 million. The subsequent B round saw the valuation soar to $3 billion with new investors like a16z and Christie’s auction house. As the official details regarding the tokenomics are yet to be released, it’s challenging to estimate the token price, but we will keep you updated with the latest developments.

Impact on ‘Gh0stly Gh0sts’ NFTs

The news about LayerZero’s token airdrop has positively impacted the ‘Gh0stly Gh0sts’ NFT project, which operates on the LayerZero protocol and is touted as the first Omnichain NFT project. Anticipation of NFT holders potentially receiving future airdrops has led to a 95.79% price surge in 24 hours. However, official statements regarding this are still awaited.

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Keywords: LayerZero, Cryptocurrency, Airdrop, Cross-Chain Interoperability, Token Launch, Crypto Community, LayerZero Token, Blockchain, NFT, ‘Gh0stly Gh0sts’, Investment, A16z, Sequoia Capital

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