Deep-dive the latest ZRO price analysis as we take a first look at the LayerZero airdrop, which is currently marred with controversy after revelations that you must first donate $0.10 to claim. Meanwhile, eyes on the fast-rising Pepe Unchained presale
If you are an active dApp user in liquidity staking, trustless swapping, or decentralized money markets, you will likely get free tokens someday.
It may not necessarily be from the platform but from those looking to launch and tap into the more established protocol’s popularity.
These “free” tokens are mostly from airdrops whose distributors seek to raise awareness. After 2020, following the widespread launching of tokens away from centralized exchanges like Binance, airdrops are a favorable way for protocols to distribute tokens to active users who meet specific requirements.
LayerZero’s “Proof-of-Donation” Airdrop Approach Stirs Storm
LayerZero is airdropping its airdrop campaign, but it wants to do it differently this time.
Unlike traditional airdrops, where users receive tokens for free or by completing minor tasks, LayerZero wants those interested to donate $0.10 worth of ETH or a stablecoin as a pre-requisite for claiming their ZRO token.
Only 85 million ZRO will be available for claiming.
This “proof-of-donation” approach has garnered mixed reactions.
While there are critics, LayerZero says this mandatory donation is a sure way to gauge holder commitment.
And, they may be right. Usually, free airdrops don’t guarantee that recipients will continue using the platform anyway. If anything, most recipients tend to offload the free tokens minutes after they launch on a trading platform.
LayerZero also defended its position, saying funds would go towards Protocol Guild, a group dedicated to supporting the LayerZero protocol. The LayerZero Foundation will match all donations up to $10 million.
Even with the criticism, ZRO token claims are ongoing.
The token is already available on Binance, OKX, and Coinbase.
Hours after trading, it is down 21%, changing hands at around $3.19 when writing.
Pepe Unchained Presale On Fire: Over $237,000 Raised In Less Than 24 Hours
While the LayerZero new airdrop approach dominates headlines, eyes are also on the new Pepe Unchained presale.
The PEPU presale launch comes at an interesting time.
Though meme coins appear to be losing momentum, analysts are firmly convinced they are here to stay.
Barely 24 hours after launching, Pepe Unchained has raised over $237,000.
PEPU is available for just $0.008–a huge discount considering the meme coin’s growth potential on Ethereum.
However, what’s cool about Pepe Unchained is that its creators want to differentiate itself from the crowd by building the world’s meme coin-centric layer-2 solution.
It is easy to see why: Ethereum is struggling to scale, and more meme coins are moving to faster alternatives like Solana, which offers lower fees and faster settlements.
While PEPE is one of the largest meme coinsillion at press time, it faces challenges due to higher fees on Ethereum.
Pepe Unchained strategically positions itself as the faster, more efficient alternative riding on a dedicated layer-2 to overcome challenges facing PEPE on the mainnet.
Besides the high scalability and low fees, PEPU will be useful, merging entertainment with viral meme culture.
Those who get in earlier can choose to stake PEPU for more rewards. At press time, 9 million PEPU have already been staked, yielding a 16,628% APY.
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To find out more and grab your PEPU bag, click here.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
