LayerZero Labs has officially excluded its employees from participating in the forthcoming airdrop of its tokens, according to a recent statement from CEO Bryan Pellegrino.
He emphasized that any employee’s attempt to claim tokens would be considered a fireable offense, reinforcing the company’s commitment to transparency and fairness in the distribution process.
Pellegrino confirmed the internal policy has been in place for some time, ensuring no LayerZero Labs employee is eligible to participate in the airdrop. This decision aims to prevent conflicts of interest and maintain the integrity of the airdrop event.
LayerZero is a protocol built by LayerZero Labs that can be used to build applications over any blockchain that supports programmable security primitives.
LayerZero has been proactive in beefing up its security measures. Even more has been implemented since the July 2023 phishing incident, in which scammers used a fake airdrop to siphon funds from their wallets. The actual loss is not disclosed.
Moreover, the protocol is now implementing anti-Sybil measures to ensure a fair distribution of its native token, scheduled for launch in early 2024, to nearly 6 million users who are committed to the platform’s long-term growth.
