LayerZero, a protocol for interoperability across different blockchains, has finished its first airdrop snapshot on May 1 in preparation for the launch of its native token, ZRO. The allocation of ZRO tokens to eligible participants will be determined by this snapshot when the official launch takes place in the first half of 2024.

As excitement builds for the ZRO token launch, trading on decentralized exchanges like Hyperliquid indicates a value of approximately $17 billion for the token. This anticipation highlights the potential success of the forthcoming ZRO token.

Despite the positive outlook, concerns have surfaced regarding the impact of Sybil users on the LayerZero airdrop. These users exploit multiple cryptocurrency wallets to claim airdrops with the sole intention of selling the rewards without engaging with the protocol long-term. Such practices could lead to a significant drop in the token's price after the launch.

Past instances have shown how airdrop hunters, including Sybil users, have influenced token prices negatively following a launch. It is essential for LayerZero to address these challenges to ensure the stability and success of the ZRO token post-launch.

In conclusion, the completion of the airdrop snapshot represents a crucial step for LayerZero as it progresses towards the launch of its ZRO token. The looming presence of Sybil users in the community is a valid concern that the protocol must address to safeguard the token's stability and value. As the launch of ZRO approaches, all eyes will be on LayerZero to navigate these potential pitfalls successfully.