LayerZero Labs has recently completed an initial snapshot for a potential airdrop event to reward its community members. The cut-off for transactions eligible for the airdrop was finalized at 11:59:59 PM UTC on May 1, 2024. More airdrop events may be on the horizon, as the organization hinted at upcoming updates. With a strong financial backing, raising $120 million at a $3 billion valuation in April 2023, LayerZero is committed to enhancing interoperability across blockchains by enabling data and asset transfer between them.
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While specific reward details have not been disclosed, LayerZero’s strategy involves decentralizing governance within the network and incentivizing early users. Plans for a token launch in the first half of 2024 are in line with the company’s current activities.
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