{"id":19831,"date":"2024-05-07T14:00:31","date_gmt":"2024-05-07T14:00:31","guid":{"rendered":"https:\/\/coinengineer.io\/?p=19831"},"modified":"2024-05-07T10:54:42","modified_gmt":"2024-05-07T10:54:42","slug":"layerzero-employees-banned-from-airdrop","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/layerzero-employees-banned-from-airdrop\/","title":{"rendered":"LayerZero Employees Banned from Airdrop"},"content":{"rendered":"<p>Late yesterday night, co-founder of LayerZero Bryan Pellegrino made it clear that workers at <strong>LayerZero Labs <\/strong>will not be eligible for the project&#8217;s impending airdrop and will not be allowed to collect its tokens.<\/p>\n<p>The CEO of <strong>LayerZero Labs<\/strong>, Pellegrino, commented on X that the company<em> &#8220;will announce something publicly about this; every <strong>LayerZero Labs<\/strong> employee is 100% restricted from claiming and has no eligibility.&#8221;<\/em><\/p>\n<p><em>&#8220;It will be a fireable offense and has been announced internally for some time and has always been the case,&#8221;<\/em> he added.<\/p>\n<p>The goal of the interoperability protocol <strong>LayerZero<\/strong> is to enable developers to create cross-chain apps with modular security parameters. The protocol&#8217;s primary contributor is <strong>LayerZero Labs.<\/strong><\/p>\n<p>Pellegrino stated unequivocally that &#8220;they cannot claim them&#8221; in answer to more inquiries questioning the prospect that employees would be eligible to obtain LayerZero tokens for the possession of non-fungible tokens from particular NFT collections, such as <a href=\"https:\/\/pudgypenguins.com\">Pudgy Penguins<\/a>.<\/p>\n<p>In an effort to make it easier to conduct a larger airdrop, the project offered users who were Sybil farming the protocol earlier this month the option to self-report in exchange for &#8220;15% of their intended allocation&#8221; or risk having their risk completely erased.<\/p>\n<p>On May 1, <a href=\"https:\/\/coinengineer.net\/blog\/layerzero-labs-completes-first-snapshot-for-potential-airdrop\/\">Labs finished the first snapshot<\/a> for the possible airdrop.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Late yesterday night, co-founder of LayerZero Bryan Pellegrino made it clear that workers at LayerZero Labs will not be eligible for the project&#8217;s impending airdrop and will not be allowed to collect its tokens. The CEO of LayerZero Labs, Pellegrino, commented on X that the company &#8220;will announce something publicly about this; every LayerZero Labs<\/p>\n","protected":false},"author":6,"featured_media":19835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[176,5912],"class_list":["post-19831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-layerzero-airdrop","tag-layerzero-labs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LayerZero Employees Banned from Airdrop - Coin Engineer<\/title>\n<meta name=\"description\" content=\"LayerZero Labs bans employees from claiming its upcoming airdrop tokens. 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