$ZRO Airdrop Review: A Detailed Look at the Distribution

• The $ZRO token distribution by LayerZero has been one of the most anticipated events in the crypto space, especially for those actively participating in the platform. Here’s an in-depth review of the airdrop, including key statistics and insights.

Market Performance:

• The $ZRO token debuted at $3.44, but like many new tokens, it saw some early volatility. It dipped to $2.55 in the days following the launch.

• Despite this initial drop, $ZRO rebounded strongly, reaching an all-time high (ATH) of $5.29 within the first month.

Participation and Distribution:

• A total of 1.28 million wallets were eligible for the airdrop, based on the May 1 snapshot.

• The distribution required participants to make a small donation of $0.10 per token in USDC, USDT, or ETH, rather than receiving the tokens entirely for free. This method was used to raise up to $18.5 million in funding for Ethereum’s core developers.

Platform Activity and User Engagement:

• The LayerZero platform has seen substantial growth, with over 5.2 million users and nearly 110 million transactions recorded across various blockchains.

• On average, users were active on three different source chains and maintained engagement over four months.

Airdrop Value Calculation:

• Total Airdrop Allocation: 85 million $ZRO tokens were set aside for retroactive incentives to eligible users.

• Average Tokens Per User: Assuming all 1.28 million eligible wallets claimed their share, the average number of tokens per user would be approximately 66.4 $ZRO.

• Average Airdrop Value: Given the debut price of $3.44, the average value per user at launch was around $228.42. At the ATH of $5.29, the average airdrop value per user would have peaked at approximately $351.46.

Sybil Detection and Fairness:

• LayerZero implemented a rigorous sybil detection process to exclude fraudulent accounts from the airdrop, ensuring that genuine users received their fair share. This resulted in the exclusion of 10 million $ZRO tokens that might have otherwise been claimed by sybil accounts.

Conclusion:

• The $ZRO airdrop was a significant event for LayerZero and its community, providing a substantial reward to active participants while also supporting the broader Ethereum ecosystem through matched donations. While the initial price volatility was notable, the token's recovery and eventual ATH indicate strong market support. The average airdrop value of $228 to $351 per user highlights the airdrop's potential financial impact, making it a noteworthy event for those involved.