LayerZero CEO: Wallets with fewer than 5 transactions number 3 million, with the weight of transactions below $1 and worthless NFTs both reduced by 80%

ChainCatcher news, LayerZero co-founder and CEO Bryan Pellegrino stated on social media, "Below is our current perspective on the qualification review issue from a broad angle. The focus is clearly on real users. Much of this content comes from the witch review results, and any true final definition comes directly from LayerZero Labs and my ramblings.

Among the 6 million initial wallets, 3 million have sent fewer than 5 transactions, so the number of wallets that really need to be considered is 3 million. The weight of all transactions less than $1 is reduced by 80%, but still counted as 1/5 of normal transactions. The weight of all worthless NFT transactions is also reduced by 80%, but still counted as 1/5 of normal transactions. Worthless is defined as having a post-listing value of less than 0.0001 ETH or low trading volume. These two criteria alone can handle most of the network spam, which has basically disappeared after the snapshot. Effective transactions like Gas-Drop also count.

On this basis, transactions are normalized based on protocol fees (rather than the fees based on the underlying blockchain used for transaction processing), with the minimum being the qualification standard and the maximum/upper limit as well. Additionally, there are multipliers based on early usage rates and other factors. Ultimately, this aims to eliminate witches and spam, achieve a semi-linear cap, reward early users, long-term users, and RFP rewards for all non-standard protocol interactions (such as LPs, etc.), focusing on the fairest and most ideal protocol distribution."