LayerZero Labs CEO confirms employees are forbidden from claiming upcoming airdrop
Quick Take
- The CEO of LayerZero Labs confirmed that employees are ineligible to claim the project’s upcoming airdrop.
- LayerZero Labs completed the initial snapshot for its token airdrop on May 1.
LayerZero co-founder Bryan Pellegrino confirmed late last night that LayerZero Labs employees will be ineligible for the project’s upcoming airdrop and strictly forbidden from claiming its tokens.
"Will announce something publicly about this; every LayerZero Labs employee is 100% restricted from claiming and has no eligibility," Pellegrino, CEO of LayerZero Labs, wrote on X.
"It will be a fireable offense and has been announced internally for some time and has always been the case," he added.
LayerZero is an interoperability protocol that aims to provide developers with the ability to build cross-chain applications with modular security parameters. LayerZero Labs is the core contributor to the protocol.
When questioned further about employees possibly being allocated LayerZero tokens for owning non-fungible tokens from certain NFT collections, such as Pudgy Penguins, Pellegrino confirmed that “they cannot claim them.”
Earlier this month, the project offered users Sybil farming the protocol in hopes of a larger airdrop the option to self-report themselves in exchange for “15% of their intended allocation,” or risk being excluded altogether.
LayerZero Labs completed the initial snapshot for its potential airdrop on May 1.
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