{"id":19412,"date":"2024-05-02T12:15:16","date_gmt":"2024-05-02T12:15:16","guid":{"rendered":"https:\/\/coinengineer.io\/?p=19412"},"modified":"2024-05-02T11:45:31","modified_gmt":"2024-05-02T11:45:31","slug":"layerzero-labs-completes-first-snapshot-for-potential-airdrop","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/layerzero-labs-completes-first-snapshot-for-potential-airdrop\/","title":{"rendered":"LayerZero Labs Completes First Snapshot for Potential Airdrop"},"content":{"rendered":"<p>Related to a potential <strong>airdrop<\/strong> distribution, <strong>LayerZero<\/strong> <a href=\"https:\/\/coinengineer.net\/blog\/layerzero-to-launch-token-airdrop-coming\/\">Labs<\/a>, developers of a cross-chain communication protocol, have concluded the first snapshot.<\/p>\n<p>According to a <a href=\"https:\/\/twitter.com\/LayerZero_Labs\/status\/1785821562475839843\">graphic released on X,<\/a> the team announced that the snapshot, which is the last moment at which transactions are eligible for the <strong>airdrop<\/strong>, was finished at 11:59 PM UTC on May 1, 2024. \u201cAnd the rest\u201d was the wording.<\/p>\n<p>Also, a network\u2019s governance power can be decentralized, and <strong>airdrops<\/strong> can be used to reward early adopters as part of a broader strategy.<\/p>\n<p>Even though the precise benefits of employing the network are yet to be known, the announcement comes in line with the company\u2019s announcement concerning the planned token launch in the first half of 2024.<\/p>\n<p>The name of this snapshot as \u201cfirst\u201d intrinsically means that the <strong>airdrop<\/strong> events will continue in the future.<\/p>\n<p><strong>LayerZero<\/strong> enables communication between blockchains, thus data, asset, and information transfer.<\/p>\n<p><strong>LayerZero<\/strong> raised Series B financing in the amount of $120 million in April 2023, when the company\u2019s valuation was set at $3 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Related to a potential airdrop distribution, LayerZero Labs, developers of a cross-chain communication protocol, have concluded the first snapshot. According to a graphic released on X, the team announced that the snapshot, which is the last moment at which transactions are eligible for the airdrop, was finished at 11:59 PM UTC on May 1, 2024.<\/p>\n","protected":false},"author":6,"featured_media":19413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[177,176],"class_list":["post-19412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-layerzero","tag-layerzero-airdrop"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LayerZero Labs Completes First Snapshot for Potential Airdrop - Coin Engineer<\/title>\n<meta name=\"description\" content=\"LayerZero finishes the first snapshot for a potential airdrop distribution, indicating future events and planned token launch in 2024.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/layerzero-labs-completes-first-snapshot-for-potential-airdrop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LayerZero Labs Completes First Snapshot for Potential Airdrop - 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