Layerzero Speculation airdrop - page 5.

libert19

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Quote from: Sophokles on November 05, 2023, 05:23:27 PM

Airdrop criteria are getting harder. It was easy for arbitrage, Optimism and many others. It has to be done to eliminate all of those airdrop farmers who use 100 accounts to farm the airdrop. I even saw a group of people who were farming the airdrop in an official building where 100 users could continuously interact with the blockchain. Is it really worth it to take that speculative measure? So many people are doing these so if the project starts giving all of them free token the token price will be worthless, and if they give only a few then most of the users will be angry because most of the farmers spend a lot of gas to get that airdrop.

It's worth it that's why they do it. Not all projects give airdrop but the ones that do, make sybil's day. I read an article [1] yesterday, 40% airdrop receivers of Celestia's $TIA were airdrop farmers. I believe the statement because farmers must have collected their TIA received in multiple wallets to one before selling.

[1] https://cryptorank.io/news/feed/98c7c-28-92m-celestias-tia-airdrop-claimed-by-sybil-airdrop-hunters

Sophokles

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Quote from: libert19 on October 30, 2023, 02:43:46 AM

Quote from: tvplus006 on October 28, 2023, 02:31:01 PM

Quote from: JeffBrad12 on October 26, 2023, 06:38:26 PM

...but I think even if there is an airdrop it will not be as massive as it was back then, personally i'm waiting for layerzero more but even layerzero having millions of active addresses already, i really don't have high hopes for this airdrops.
even worst with zksync, too much participants.

A large number of participants cannot be the reason for the cancellation of airdrop. And if the team decides to distribute an airdrop for only 1000 wallets, they will come up with such criteria that only 1000 lucky people will receive this airdrop.

Couple years ago paraswap did something like this, they had strict criteria so only few thousand wallets were eligible, but those few got good number of $PSP tokens. What happened? They dumped it hard, $PSP is still in ashes.

Airdrop criteria are getting harder. It was easy for arbitrage, Optimism and many others. It has to be done to eliminate all of those airdrop farmers who use 100 accounts to farm the airdrop. I even saw a group of people who were farming the airdrop in an official building where 100 users could continuously interact with the blockchain. Is it really worth it to take that speculative measure? So many people are doing these so if the project starts giving all of them free token the token price will be worthless, and if they give only a few then most of the users will be angry because most of the farmers spend a lot of gas to get that airdrop.

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Quote from: tokeweed on November 04, 2023, 07:45:54 AM

That's an SSL certificate. And according to some guys Arbitrum airdropped a couple of days after they created their SSL certificates. :/ So we'll prolly have an announcement in the next coming days from the Layer Zero devs?

This SSL certificate discovery certainly caused a stir, with LayerZero Q4 airdrop predictions hitting 75% on Polymarket at peak yesterday. But it has going down back to 44% now.

Quote from: tokeweed on November 04, 2023, 07:45:54 AM

Man... Now that I feel it's really coming the lesser I think I am of my eligibility. Like how I used Arbitrum, it was all real, organic usage. No bs farming. But my transaction volume for both is over 10k. I hope it's enough.

Yeah with over 3 million wallets already farming not sure how much we can get from it. Hopefully they implement a robust sybil filter for this one.

tokeweed

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This pic has been floating around online...

That's an SSL certificate. And according to some guys Arbitrum airdropped a couple of days after they created their SSL certificates. :/ So we'll prolly have an announcement in the next coming days from the Layer Zero devs?

Man... Now that I feel it's really coming the lesser I think I am of my eligibility. Like how I used Arbitrum, it was all real, organic usage. No bs farming. But my transaction volume for both is over 10k. I hope it's enough.

tvplus006

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Quote from: Bitstar_coin on October 29, 2023, 02:09:50 PM

I have seen different presumably criteria for layer0 airdrop. It is had to keep up, some go as far as claiming snapshot already taken. Only the team can say for a fact if there is going to be an airdrop and the criteria. ...

Yes, it may turn out that the snapshot was taken a few months earlier and all the activity on the network is a waste of money. So the team can give us a similar surprise, as did Celestia $TIA, who took a snapshot in January 2023, that is, 9 months before the airdrop.

libert19

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Quote from: tvplus006 on October 28, 2023, 02:31:01 PM

Quote from: JeffBrad12 on October 26, 2023, 06:38:26 PM

...but I think even if there is an airdrop it will not be as massive as it was back then, personally i'm waiting for layerzero more but even layerzero having millions of active addresses already, i really don't have high hopes for this airdrops.
even worst with zksync, too much participants.

A large number of participants cannot be the reason for the cancellation of airdrop. And if the team decides to distribute an airdrop for only 1000 wallets, they will come up with such criteria that only 1000 lucky people will receive this airdrop.

Couple years ago paraswap did something like this, they had strict criteria so only few thousand wallets were eligible, but those few got good number of $PSP tokens. What happened? They dumped it hard, $PSP is still in ashes.

Bitstar_coin

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I have seen different presumably criteria for layer0 airdrop. It is had to keep up, some go as far as claiming snapshot already taken. Only the team can say for a fact if there is going to be an airdrop and the criteria.

One thing I do like about farming L0 is the fact it is not required to bridge eth to the blockchain, you can interact with any l2 eth or native eth if you want. I consider it cost effective farming. Lots of layer0 powerd platform to mint cheap nft, bridge and swap, also can provide liquidity.
Hopefully, the whole interaction will not be a big time and money wasted.

TakeItEasy

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Quote from: JeffBrad12 on October 26, 2023, 06:38:26 PM

honestly speaking from experience, i'd never expect anniversary NFT to be the qualification for an airdrop, never in my life i've seen airdrop qualification for anniversary even seeing it from the perspective of business is just simply silly but I guess who knows after all these criteria are so random better to be on the safe side than sorry and not getting the airdrop.
but I think even if there is an airdrop it will not be as massive as it was back then, personally i'm waiting for layerzero more but even layerzero having millions of active addresses already, i really don't have high hopes for this airdrops.
even worst with zksync, too much participants.

If the team is giving an airdrop I don't think the users matter a lot, for example, if a team has a large supply of airdrops for the users I don't think it will make more impact on getting more users although it will have less for the eligible wallet but at least they will get an airdrop. As Airdrops are scams nowadays I have seen so many recently that didn't even provide the airdrop although they did better funding.
Will funding be any key for the Airdrop? Because I have seen many users have already told me about the funding it will be the first and the better criteria for any airdrop.
But I don't know if it works or if this is just people's assumptions. I already have so many tasks to do. I had farmed these airdrops but only got the Arbitrum.

tvplus006

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Quote from: JeffBrad12 on October 26, 2023, 06:38:26 PM

...but I think even if there is an airdrop it will not be as massive as it was back then, personally i'm waiting for layerzero more but even layerzero having millions of active addresses already, i really don't have high hopes for this airdrops.
even worst with zksync, too much participants.

A large number of participants cannot be the reason for the cancellation of airdrop. And if the team decides to distribute an airdrop for only 1000 wallets, they will come up with such criteria that only 1000 lucky people will receive this airdrop.

JeffBrad12

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Quote from: TakeItEasy on October 26, 2023, 12:21:06 PM

Quote from: @sriyan on September 27, 2023, 12:14:48 PM

This is only to get the rough idea about the ZRO per user. Yes. this will be change by user to user. Also they may be check the wallet history like the celestia airdrop. Then they can remove the airdrop farmers and the bots.
Eg :
1. number of Ethereum transactions.
2. Wallet age.
3. First transaction date.
4. ETH staking
5. Voting

I think the governance voting will be the most criteria for the Airdrop, and also the bridging volume on Layer Zero will be important for the airdrop. The more a user interacts the more chances will be a bigger airdrop. Recently 2 big airdrops happened in my life. One is the Airdrop from the Aptos which gives user a huge profit through their Airdrop. The 2nd one is the Arbitrum Airdrop which also gives a huge airdrop to the user.

Rumors are making that Arbitrum 2 Airdrop will be coming very near as they recently launched their NFT which is their anniversary NFT's. So most users claim that NFT and they are thinking that maybe this will be the criteria for the 2nd Airdrop from the Arbitrum. Let's wait and hope for the best.

honestly speaking from experience, i'd never expect anniversary NFT to be the qualification for an airdrop, never in my life i've seen airdrop qualification for anniversary even seeing it from the perspective of business is just simply silly but I guess who knows after all these criteria are so random better to be on the safe side than sorry and not getting the airdrop.
but I think even if there is an airdrop it will not be as massive as it was back then, personally i'm waiting for layerzero more but even layerzero having millions of active addresses already, i really don't have high hopes for this airdrops.
even worst with zksync, too much participants.

TakeItEasy

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Quote from: @sriyan on September 27, 2023, 12:14:48 PM

This is only to get the rough idea about the ZRO per user. Yes. this will be change by user to user. Also they may be check the wallet history like the celestia airdrop. Then they can remove the airdrop farmers and the bots.
Eg :
1. number of Ethereum transactions.
2. Wallet age.
3. First transaction date.
4. ETH staking
5. Voting

I think the governance voting will be the most criteria for the Airdrop, and also the bridging volume on Layer Zero will be important for the airdrop. The more a user interacts the more chances will be a bigger airdrop. Recently 2 big airdrops happened in my life. One is the Airdrop from the Aptos which gives user a huge profit through their Airdrop. The 2nd one is the Arbitrum Airdrop which also gives a huge airdrop to the user.

Rumors are making that Arbitrum 2 Airdrop will be coming very near as they recently launched their NFT which is their anniversary NFT's. So most users claim that NFT and they are thinking that maybe this will be the criteria for the 2nd Airdrop from the Arbitrum. Let's wait and hope for the best.

libert19

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Quote from: tokeweed on October 25, 2023, 08:29:53 AM

I think the real reason why the devs at Layer Zero haven't made any moves to prepare for their airdrop is because of the bearish market conditions but now that we seem to be at the cusp of a more bullish mode, I feel like Layer Zero and other projects with the potential to airdrop could start airdropping just in time for December. Wink

Let's see...

They are probably having hard time figuring out what should be criteria cause literally everyone is farming it. I wouldn't be surprised if they give up doing airdrop altogether.

If farming itself wasn't enough, people are making tools to farm it easily. For example, automatically making certain number of transactions a day, transferring nfts automatically to different networks through layerzero network. I feel retro airdrop trend is coming to an end.

tokeweed

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I think the real reason why the devs at Layer Zero haven't made any moves to prepare for their airdrop is because of the bearish market conditions but now that we seem to be at the cusp of a more bullish mode, I feel like Layer Zero and other projects with the potential to airdrop could start airdropping just in time for December. Wink

Let's see...

But as you guys already know, the money flows from BTC to the top altcoins, then to the lower cap alts, to memecoins and micro cap alts. I think major airdrops like Layer Zero start a tad before when the money flows to the top alts... I'm thinking December as already said.

@sriyan

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Btw... I'm hearing talks that Aptos is gonna have another airdrop round.

I don't thinks so. Most of the people think they will distribute an another airdrop from community section(51%). Because if you checked the vesting schedule, there will be 0.63% unlock every month(until total 51%) from the community section. so that will cover the remaining 51%. So there is no remaining aptos tokens to do the airdrop.

tokeweed

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Quote from: tvplus006 on September 25, 2023, 07:52:11 AM

Quote from: @sriyan on September 25, 2023, 02:33:34 AM

For that, they need to remove the Sybil and bot wallets. Otherwise, it will be a shit drop. but the problem is that Layerzero's CEO said they do not care about Sybil wallets. I don't know he said it to farm the layer zero airdrop. because nowadays protocols give some fake hints farm the airdrops..

Six months ago, the CEO of LayerZero Labs Bryan Pellegrino announced the size of the average transaction on the network, so as not to be considered a sybil. And it should be $2000 - https://twitter.com/PrimordialAA/status/1643648195128606721 I hope that he has revised his views by this issue over the past time, otherwise few people will receive an airdrop from L0.

In my experience with Arbitrum, which I really didn't expect to be eligible for the airdrop, I just used it for less than couple of months or so thru Dopex, GMX and a little bit of RDNT and Jones. I didn't even realize that I had more than 10k USD in transactions over there. So I was really surprised to see that it was enough to be eligible for the airdrop. I think it's gonna be the same for Layer Zero. They'll see wallet activity and they'll know which ones are just botting the network for the airdrop and which ones are the organic users of the likes Stargate Finance and Layer Zero supported protocols.

Btw... I'm hearing talks that Aptos is gonna have another airdrop round.

Donaldfam

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We dont know whether there would be some conceivable or it would truly be some kind of shock or at all however beneficial thing to the individuals who had been making those connecting exchanges on which this had been similar to on Arbitrum which it did truly bring in out that immense cash for the people who in all actuality do make out those exchanges and presently its not stunning that parcels would truly be pursuing with that layerzero.

@sriyan

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I wasn't following LayerZero back in the day, but where do you get that private token sale price? Can you share the source?

This is the private sale(Not the public sale). According to the that TGE is Q4 2023(October-December). Please check the source. This is shared with private sale investors.

Source : https://ibb.co/qjfGBhK

dbshck

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Quote from: @sriyan on September 25, 2023, 08:54:02 AM

good case = 100M/ 500K = 200 ZRO
Best case = 100M/ 250K = 400 ZRO

Good estimation. I agree with your price estimation, I think LayerZero should have FDV similar to Arbitrum and Optimism, i.e. within $5B-$10B range.

Quote from: @sriyan on September 25, 2023, 08:54:02 AM

Also, the $ZRO private sale price is 3$(already ended). That means the listing price can go to 5-10$.

I wasn't following LayerZero back in the day, but where do you get that private token sale price? Can you share the source?

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Quote from: tvplus006 on September 27, 2023, 03:08:08 PM

Quote from: nelson4lov on September 27, 2023, 10:47:30 AM

Your math calculation is nice to see but unfortunately you didn't take some things into consideration for your calculations. For instance, There would most likely be varying amount per participant – all participants won't receive same amounts. That, and the fact that layerzero has about 500K+ active Mainnet users the last time I checked. If you factor all of this in, you'll see that the allocation will differ per user.

You have obviously been interested in LayerZero statistics for a very long time, since today more than 3 million wallets have been registered that interacted with L0 and which theoretically have the right to airdrop. Given such a large number of wallets, we can say for sure that not everyone will receive airdrop, as the team will develop certain criteria that will reduce their number several times.

Ah yes, I knew the number is higher but I haven't actually checked it recently. That number should be over 3M by now since it has been over a month since the team celebrated over 30M messages sent across chains using Layerzero. That said, that number might ve slightly higher now. Although farming rate slowly temporarily when news about the possibility of the airdrop not happening broke up 2 weeks ago.

Quote from: @sriyan on September 27, 2023, 12:14:48 PM

Quote

Your math calculation is nice to see but unfortunately you didn't take some things into consideration for your calculations. For instance, There would most likely be varying amount per participant – all participants won't receive same amounts. That, and the fact that layerzero has about 500K+ active Mainnet users the last time I checked. If you factor all of this in, you'll see that the allocation will differ per user.

This is only to get the rough idea about the ZRO per user. Yes. this will be change by user to user. Also they may be check the wallet history like the celestia airdrop. Then they can remove the airdrop farmers and the bots.

Eg :

1. number of Ethereum transactions.
2. Wallet age.
3. First transaction date.
4. ETH staking
5. Voting

Absolutely, I was just pointing out it's not a straightforward process as the team will have to clean up the data. For instance, they would remove Sybil violators in the Hop Protocol list as OP and Arbitrum did.

tvplus006

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Quote from: nelson4lov on September 27, 2023, 10:47:30 AM

Your math calculation is nice to see but unfortunately you didn't take some things into consideration for your calculations. For instance, There would most likely be varying amount per participant – all participants won't receive same amounts. That, and the fact that layerzero has about 500K+ active Mainnet users the last time I checked. If you factor all of this in, you'll see that the allocation will differ per user.

You have obviously been interested in LayerZero statistics for a very long time, since today more than 3 million wallets have been registered that interacted with L0 and which theoretically have the right to airdrop. Given such a large number of wallets, we can say for sure that not everyone will receive airdrop, as the team will develop certain criteria that will reduce their number several times.

Topic: Layerzero Speculation airdrop - page 5. (Read 1958 times)