Users Slam Zora for Unclear Airdrop Execution

Users of the social media platform X have criticized the token giveaway from the NFT content monetization platform Zora due to the lack of official announcements regarding the launch of the event.

Trading commenced without prior notice, and only experienced users could access ZORA directly from the smart contract address on the Base network. New users encountered difficulties since the process proved to be more complex than typical giveaways.

Major exchanges like Binance, Bitget, and Bybit received ZORA tokens valued at millions of dollars to ensure efficient trading. Meanwhile, the decentralized exchange Hyperliquid introduced leveraged options.

According to Arkham Intelligence, the trading volume on and off the platform reached approximately $6 million.

The ability to acquire tokens before the official TGE may have given an unfair advantage to early users, which has drawn criticism.

One user on X referred to the launch as a “masterclass in deception” due to the lack of communication from Zora. They also highlighted the promotion of the platform by Base creator Jesse Pollack.

In an official statement, Zora representatives clarified that there is no set deadline for acquiring the tokens.

This update came about two hours after the team transferred the tokens allocated for the airdrop to the designated address.

ZORA launched at a price of approximately $0.03 and was trading at about $0.02 at the time of writing, according to CoinGecko.

For context, on April 16, Base faced backlash after the failure of the token «Base is for Everyone,» which was launched on Zora.