LayerZero Labs CEO confirmed that employees are prohibited from claiming the upcoming airdrop.
LayerZero co-founder Bryan Pellegrino confirmed late last night that LayerZero Labs employees will not be eligible to participate in the project’s upcoming airdrop and that claiming tokens is strictly prohibited.
“We will be making a public announcement about this: All LayerZero Labs employees will have their claims 100% capped and will not be eligible,” said Pellegrino, CEO of LayerZero Labs. wrote At X.
He added: “This will be a fireable offence, it has been announced internally for some time and always has been.”
LayerZero is an interoperability protocol that aims to provide developers with the ability to build cross-chain applications using modular security parameters. LayerZero Labs is a key contributor to the protocol.
When asked about the possibility of employees owning non-fungible tokens from certain NFT collections, such as Pudgy Penguins, being allocated LayerZero tokens, Pellegrino confirmed, “They can’t claim them.”
Earlier this month, the project gave user Sybil, who was farming the protocol in hopes of a larger airdrop, the option to self-report in return for “15% of the intended allocation.” Otherwise the risk is completely ruled out.
LayerZero Labs completed the initial snapshot for a potential airdrop on May 1st.
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