LayerZero introduces a self-reporting mechanism for airdrop hunters, allowing them to still receive 15% of the tokens after self-disclosure.
LayerZero has been releasing news about token issuance recently, but in order to combat a large number of bot addresses, the team has chosen to "surrender" in hopes of reducing the negative impact of airdrop hunters on airdrop marketing activities. All surrendered addresses can receive a small amount of tokens, but the actual effectiveness of this approach still needs to be validated by the market.
Table of Contents
LayerZero's Exclusive "Event" for Witch Addresses
Self-Disclosure Program
LayerZero has seen 6 million wallet addresses participating in interactions over the past two years. Among them are likely many addresses created by professional airdrop studios and airdrop hunters. How to achieve the most effective token distribution for marketing results is a major challenge that the LayerZero team is currently facing.
As a result, the LayerZero team has introduced a "self-disclosure" model that has not been seen before, clearly stating that airdrop hunters have two options: voluntarily report witch addresses and receive 15% of the original token allocation, or choose not to report and risk not receiving any tokens at all.
All reported addresses will receive 15% of the tokens that regular users can receive, and the team will not ask any other questions or pursue further, in order to tolerate witch addresses in a compromise manner to reduce negative impact.
Community Reporting
In addition, the team will offer rewards in the later stages for anyone to submit witch reports and information. If successfully reporting undisclosed witch addresses, the reporter will receive 10% of the expected token allocation for that witch address.
Witch Criteria
The team also thoughtfully explains to users what addresses may be deemed witch addresses:
- Having tens, hundreds, or thousands of addresses.
- Transferring assets back and forth between chains for $0.01.
- Minting "worthless" NFTs whose sole purpose is to move them on the chain.
- Using witch-related applications such as Merkly, L2Pass, L2Marathon.
- If you think you are a witch, you probably are a witch.
How can airdrop hunters ensure they are not classified as witch addresses?
Divergent Community Evaluations
However, the community's evaluations are polarized. Some believe that these new approaches may effectively deter the external effects brought by witch addresses.
Some users also believe that airdrop hunters should have rewards for their value. These individuals assisted in stress testing the project in its very early stages, and there needs to be a better balance in how regular users and airdrop hunters are treated.
But as KOL @PrimordialAA said: "Things are not that complicated. If you are a real user doing real things, then don't worry, users come first."
Market Validation Awaited for LayerZero's Airdrop Effectiveness
LayerZero's actions this time use both a self-disclosure mechanism and an external community reporting mechanism, indicating the team's level of importance placed on this airdrop through related measures.
The deadline for this self-disclosure action is May 17th. Whether the LayerZero team will keep its word and give the self-disclosed addresses 15% of the tokens remains to be seen. It is also unknown whether airdrop hunters are willing to receive 15% of the tokens and the effectiveness of the self-disclosure. Therefore, the overall actual airdrop effect still needs to be market validated.
However, it is undeniable that the industry's judgment methods for witch addresses are still evolving.