LayerZero to fire employees participating in internal airdrops

LayerZero Labs CEO Restricts Employees from Airdrop Participation

Bryan Pellegrino, the co-founder and CEO of LayerZero Labs, has implemented a strict policy prohibiting company employees from taking part in the upcoming airdrop. In a recent announcement, Pellegrino emphasized that all employees are forbidden from claiming any rewards from the long-awaited airdrop, initially mentioned in December 2023.

Tokenomics of ZRO Token Revealed by LayerZero Team

On May 1, 2023, the LayerZero team unveiled the tokenomics of the ZRO token, allocating different percentages to various entities. This includes 25% for the ecosystem fund, 19% for early adopters and platform users, 17% for investors, and 20% for Retroactive Public Goods Funding (RPGF). The team also distributed 19% to core contributors, with a 5% allocation for an Initial DEX Offering (IDO).

LayerZero’s Efforts to Combat Sybil Actors and Phishing Attacks

Following a snapshot completion on May 1, LayerZero is actively targeting Sybil actors who engage in fraudulent activities to maximize airdrop rewards. The company is vigilant against phishing attacks, such as the fake LayerZero airdrop in July 2023 that led to wallet drain incidents. Despite these challenges, LayerZero remains committed to launching its airdrop in the first half of 2024.

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