LayerZero Launches Largest-Scale "Witch Hunt" Operation

On May 2nd, the cross-chain interoperability protocol LayerZero officially announced that the first snapshot (Snapshot #1) had been completed, with further information set to be revealed soon. Being one of the most anticipated potential airdrop projects in the community, this brief announcement from LayerZero was interpreted by the community as a signal that “the big one is coming” now that the airdrop snapshot had been completed.  On May 3rd, LayerZeros official account once again teased an important announcement to be made later that evening, stating it would “demonstrate continued trust in community members.” However, just as the community speculated whether LayerZero was about to unveil detailed airdrop rules, the actual announcement delivered a heavy blow to all users — tokens were indeed going to be distributed, but only after multiple rounds of witch hunt activities.The Rules of the Witch Hunt Operation  The witch hunt activity this time will be divided into three rounds.  The first round is the “self-disclosure” phase, which will last for 14 days. Users who suspect themselves of being witches can voluntarily disclose during this phase throgh the window provided by LayerZero to retain 15% of the airdrop allocation.  To facilitate self-disclosure, LayerZero also thoughtfully provides an API tool for mass

2024-05-05Deep Dive

EigenLayer Announces Airdrop Information: A Grand Airdrop Frenzy or Collapse?

EigenLayer is a protocol based on Ethereum that introduces the concept of restaking. Users who stake native ETH or use Liquidity Staking Tokens (LST) can choose to join EigenLayers smart contracts to restake their ETH or LST, extending cryptographic economic security to other applications on the network to earn additional rewards.  EigenLayer supports the secure operation of other blockchain protocols and applications by leveraging ETH already staked on Ethereum, a process known as restaking. Restaking allows Ethereum validators to use part or all of their staked ETH to support other Active Validation Services (AVS), such as bridging protocols, sorters, and oracles. These services typically require their own staking and validation mechanisms to ensure network security, but with EigenLayers restaking functionality, they can secure Ethereum-level security without needing to attract significant capital themselves.  In less than a year, EigenLayer has attracted over $15 billion in Total Value Locked (TVL). Today, Eigen Foundation announced the details of the $EIGEN token airdrop.Token Utility and Airdrop Mechanism  $EIGEN is positioned as a general-purpose, verifiable “work token.” A “work token” refers to utility tokens that can be staked by participants to perform certain tasks, such as blockchain validation. If participants fail to fulfill specific work commitments, their staked

2024-04-30Deep Dive

WikiBit × AI Infinet Partnership Campaign

We are excited to announce the partnership with AI Infinet, a company dedicated to revolutionizing the AI industry by fostering a collaborative environment and providing seamless access to AI resources for individuals and organizations. AI Infinet aims to empower small and midsize businesses (SMBs) by offering innovative solutions in the AI space, including data, models, computation power, and storage.  The vision of establishing a Web3 universe dedicated to regulatory safety and fostering a healthy environment for investors, as shared by WikiBit, is also embraced by AI Infinet. The decentralized AI resources platform of AI Infinet can play a crucial role in supporting WikiBits initiatives.  To celebrate this collaboration, you can participate in the event and win prizes by following the steps.  Apr 28 12:00 - May 30 19:00 (UTC+8)  How to participate  1)Follow on Twitter:@AiInfinet & @WikiBitOfficial  2)Retweet the Partnership Announcement  https://twitter.com/AiInfinet/status/1783504900246417637  3)Complete the Zealy Task:  https://zealy.io/cw/aiinfinet/questboard/6a7e3fcd4a3f4777abeb7f6e5fa0f051/af41140c221b4b3a9894e97b79b97384  Claim AI Infinet Community XP to share our community incentives in future!  About AI Infinet  AI Infinet is a groundbreaking decentralized AI resources ecosystem combined with diversified contribution, equal compensation, to the Next Generation AI System. Fostering a collaborative environment, it enables seamless sharing and access to AI resources for individuals and organizations alike. Tailored for small and midsize businesses (SMBs) seeking to sell, utilize,

2024-04-30Deep Dive

WikiBit & SOLOverse Partner Giveaway

Total prize pool: 5 SOLO IDO Whitelists  5 lucky winners will be rewarded with 1 IDO Whitelist  Time: (UTC+8) 2024-04-26 18:00 ~ 05-03 18:00  How to participate  1)Follow on Twitter:@WikiBitOfficial & @SOLOverse_  2)Complete the task:https://taskon.xyz/campaign/detail/778709028  Please continue to stay tuned for more updates, and get ready to embark on an extraordinary journey with us!  About SOLO  SOLO is a groundbreaking SocialFi and GameFi platform on Solana, creating a unique blend of gaming and social interaction. This dynamic ecosystem allows players to merge gaming skills with social engagement, offering a comprehensive experience where strategy, alliances, and competitive gameplay pave the way for success and rewards.  Website:https://www.soloweb3.world/  Twitter:https://twitter.com/SOLOverse_  Telegram:https://t.me/SoloVerse_Global  Medium:https://medium.com/@SOLOverse_  Gitbook:https://solos-organization-3.gitbook.io/soloverse/  Deck:https://docsend.com/view/5nhqd7qpafw7ejyi

2024-04-29Deep Dive

WikiBit x SpacePi Partner Giveaway

Total prize pool: $800 SpacePi  Apr 20 19:00 - May 20 19:00 (UTC)  How to participate  1)Follow on Twitter:@SpacePi_Com& @WikiBitOfficial  2)Complete the task:https://zealy.io/cw/spacepieth/questboardinvitationId=fFa1y24x9bLNgnoXD8kVG  3)Fill out the MEXC email or UID in the zealy  Please continue to stay tuned for more updates, and get ready to embark on an extraordinary journey with us!  About SpacePi  SpacePi (ETH) is a memecoin self-organized by devout Pi Network members to promote the Pi Network ecosystem.

2024-04-29Deep Dive

This Week Noteworthy Events (April 29, 2024——May 5, 2024)

ZeroLend, a Multi-Chain Lending Protocol, to Launch Governance Token ZERO on April 29th  The multi-chain lending protocol ZeroLend has revealed on social media platforms its plan to launch governance token ZERO on April 29th, with further details about the TGE (Token Generation Event) set to be announced soon. ZeroLend reportedly supports zkSync, Manta Network, Blast, Linea, and Ethereum, allowing users to deposit supported tokens and earn yields. Previously, ZeroLend introduced the Liquidity Re-Staking (LRT) market on the Ethereum mainnet. Users of ether.fi, Renzo, Kelp DAO, and Puffer Finance can now deposit LRT and borrow ETH or other liquid assets to earn enhanced LRT points, EigenLayer points, and Zero Gravity points from ZeroLend.CZ to Receive Judgment at United States District Court for the Western District of Washington on April 30th  Former Binance CEO CZ is scheduled to receive judgment at the United States District Court for the Western District of Washington on April 30th, local time, where Judge Richard Jones will hear statements from prosecutors and CZs lawyers.  In November 2023, he pleaded guilty to failing to maintain effective anti-money laundering procedures, violating the Bank Secrecy Act. CZs actions included not meeting prescribed anti-money laundering standards in Binances operations. He has reached a settlement

2024-04-29Deep Dive

Why Did the Highly Anticipated Runes Experience a Lackluster Reception Upon Its Official Launch?

What is Runes Protocol?  Runes is another Bitcoin-based colored coin protocol designed by Casey Rodarmor in September 2023. The main idea is to allow the issuance of tokens on top of the native UTXO set.  Colored coins have been around for a long time. The main idea is that you can “color” certain Bitcoin transaction outputs, giving them additional meaning besides the Bitcoin amount. It can represent another “asset” and be issued as tokens. The first implementation of this protocol occurred 11 years ago in 2013, with subsequent attempts including MasterCoin (renamed to Omni), CounterParty, and more recently RGB, Taro Assets, and BRC-20.  Casey is also the founder of the Ordinals protocol. Transactions involving BRC-20 related tokens born out of Ordinals protocol constitute a significant portion, and Casey believes that BRC-20 could generate “garbage” occupying Bitcoin space. This led Casey Rodarmor to develop a new protocol named Runes, which is a simple, UTXO-based (Unspent Transaction Output), FT (Fungible Token) protocol designed to provide Bitcoin users with a good user experience.  Runes garnered attention for two reasons: firstly, because its founder is Casey Rodarmor, and secondly, because the creation of the Runes protocol is aimed at issuing fungible tokens on BTC.A Deep Dive into the

2024-04-28Deep Dive

LazyBear x WikiBit Partner Giveaway

Total prize pool: $100 USDT  10 lucky winners will be rewarded with 10 USDT  Apr 24 19:00 - May 30 19:00 (UTC+8)  How to participate  1)Follow on Twitter:@LazybearOFC & @WikiBitOfficial  2)Complete the task:https://trantor.xyz/campaign/6107443494913  Please continue to stay tuned for more updates, and get ready to embark on an extraordinary journey with us!  About LazyBear  “LazyBear” Announces Successful Completion of Angel Round Financing  LazyBear, an innovative cryptocurrency ecosystem targeting small and medium traders, has announced the successful completion of its angel round financing. The funding for this round was collectively raised by its investors and strategic partners, totaling $4 million. This financing will be used to accelerate growth and innovation for LazyBear in the cryptocurrency market. Investors and strategic partners include Gogeko Labs, DWF Labs, Shadow Labs, Salad Labs, Bees Network, Sypool, Micro3, REI Network, IBIT, Crypto Bullish, SYNBO Protocol, Bazaars, Bitcoin Gbox, GemX Crypto, as well as individual investors from top cryptocurrency industry companies.

2024-04-28Deep Dive

WikiBit Global Supervisors Gathering! Participate to win USDT prizes!

On April 26th, WikiBit invested $5,000 to kickstart the themed event, with the aim of inviting global users to engage in comprehensive supervision of the WikiBit platforms content. Our objective is to foster a collaborative environment where global users can scrutinize and contribute to the creation of a professional, fair, and objective information verification platform within the crypto industry. Additionally, we are committed to actively optimizing service levels based on user feedback to ensure continuous enhancement.  From April 26th to May 15th, simply open the WikiBit App or visit our official website (https://www.wikibit.com/) to carefully browse and view all platform content. If you spot any errors or areas for improvement, take a screenshot and submit it via the designated page on the website. Our team will thoroughly review all user feedback and publicly announce the audit results and list of winners within five working days. For ongoing updates, be sure to follow our social media platforms. Rewards will be distributed to users whose feedback leads to identified improvements through their ForexPay accounts after the event concludes. Be sure to follow our social media platforms for updates on winners announced every five working days.  For event details, please visit: WikiBit Global Supervisory Officer

2024-04-27Deep Dive

WikiBit Global Supervisory Officer Activity Rules

Submit any errors you find in content from the WikiBit website or app to help us optimize. Well provide generous rewards for your assistance. Once your feedback is verified, youre guaranteed to receive USDT rewards.Event Period   April 26 - May 15, 2024  Rewards will be distributed within a working period after the conclusion of the entire event.How to Enter  1️⃣ Log in to the WikiBit App or Website.  2️⃣ Find and screenshot any content errors.  3️⃣ Submit your findings here: https://klteeqb691.feishu.cn/share/base/form/shrcnyBFNuZilEA8L0grN2JXPng  Or you can scan the QR code for the Submission From from the following pic  4️⃣ Wait for our review and get your submission approved.  5️⃣ Earn rewards! Our customer service will reach out to distribute prizes.Activity Rules  We offer different levels of rewards based on the types of errors you report. You can submit the form multiple times, with a maximum reward limit of $100 USD per user.  If the reported errors occur repeatedly, the reward will be given to the user who submitted the problem screenshot first.  Reward Levels:   S: $15 USDT* for each adopted error, including exchange regulatory license information errors.  A: $10 USDT* for each adopted error, including exchange logos, URLs, etc errors.  B: $8 USDT* for each adopted error, including exchange not yet listed but of

2024-04-26Deep Dive
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