ZRO Price Stability After Airdrop Due to Anti-Sybil Attack

Bittime - LayerZero managed to maintain ZRO price stability post-airdrop through selective distribution strategies and anti-Sybil attacks, although its mandatory donation policy was met with controversy. Discover how this approach reduces volatility and benefits loyal users. For more details, see the following article!

Emphasis on Loyal Users and Developer

LayerZero focuses on airdrops for “loyal” developers and users in its efforts to create a healthy ecosystem. 

According to Pellegrino, the goal of this filtering is to ensure that only those truly involved in the project will receive distribution tokens. 

This move is expected to reduce the price volatility that often occurs in tokens after airdrops, when bots or non-contributing users tend to sell their tokens quickly, causing the price to drop drastically.

ZRO Performance Compared to Other Tokens

ZRO has only decreased by 23% since its launch on June 20 at an initial price of $4.40. This is much larger than the sharper price drops of other tokens that experienced airdrops in the same period, such as Starknet (STRK) and ZKsync (ZK). This shows that LayerZero's strategy is successful in keeping the market stable.

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ZRO Price Stability After the Airdrop

One of LayerZero's unique actions was to launch a large-scale anti-Sybil attack. The goal of this attack is to prevent tokens from falling into the hands of bots or people trying to make illegal profits. 

By limiting the access of bots and bad actors, LayerZero can maintain a fair and stable ecosystem for its users.

The Controversy Behind the Mandatory Donation Policy

LayerZero's airdrop strategy, however, received criticism. Users who want to participate in the airdrop must make a donation, which is one of the controversial policies. 

Many people say that overall, this strategy has succeeded in keeping pace with market expectations and user expectations. 

LayerZero managed to avoid price drops that usually occur during token airdrops by emphasizing selective distribution and maintaining the quality of token recipients.

Conclusion

LayerZero's success in maintaining ZRO price stability after the airdrop is an important example of how anti-Sybil attacks and careful distribution policies can prevent excessive volatility. 

Despite some controversy regarding the policies implemented, this strategy seems to have yielded positive results for the ecosystem and its loyal users.

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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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