NFT exploded within three hours, Polyhedra airdrop snapshot caused farce

On March 12, Polyhedra Network officially announced on the social media platform that ZK would be launched on OKX Jumpstart, and then the official website announced that the snapshot would be completed at 16:00.

On May 12 last year, Polyhedra Network launched the zkBridge loyalty program powered by Galxe, allowing users to participate in zkBridge's cross-chain products and interact with social media As well as earning loyalty points when participating in the community, and hinting that accumulating loyalty points can lead to airdrop opportunities in the future.

In addition to zkBridge trading users and zkBridge loyalty points users on Galxe, Pandra King NFT holders, as well as participants in the Binance Web3 wallet airdrop, OKX Cryptopedia Season 11, Users of the BNB Chain airdrop marathon event will have the opportunity to receive ZK airdrops.

With Starkware, Zksync, etc. Compared with projects focusing on ZK scalability, Polyhedra Network is a ZK full-stack hexagon player. It designed and implemented the ZK-based interoperability system zkBridge. The ZKP protocol it developed can also improve the efficiency of the existing zkRollup system. , taking into account ZK interoperability and ZK scalability.

In terms of ZK interoperability, PolyHedra Network implements deVirgo, the industry's top distributed ZK protocol, and uses it to implement zkBridge and ZKDID, providing trustless support for Web3 and efficient interoperability infrastructure.

Related reading: " ABCDE: Why did we invest in Polyhedra Network? 》

In addition, Polyhedra Network’s financing lineup is also very luxurious. It has received a total investment of US$25 million in two consecutive financings. The leading investor Including Binance Labs and Polychain Capital, Animoca Brands, Dao5, ABCDE, Sparkle Ventures, HashKey Capital, Foresight Ventures, Kucoin Ventures, NGC Ventures and Arcane Group participated in the investment.

One of the special features of Polyhedra Network is the cross-chain NFT trading function. Legendary Pandra King is an NFT series launched by it to provide users with interactive scenarios. Its accumulation on the BNB network The trading volume has exceeded 12,000 BNB.

As a ZK infrastructure that is praised by many stars, the ZK airdrop is undoubtedly a long-awaited event for the community, but the most noteworthy thing about this airdrop event is None more so than Pandra King NFT’s repeated pull-and-smash behavior.

Pandra King NFT was smashed, pulled and smashed again within three hours

Earliest The Polyhedra Network's OKX Jumpstart information appeared at 2 p.m., and element data showed that around 1:40 p.m., trading activities for Pandra King suddenly occurred intensively. Fifteen minutes after the announcement was issued, Pandra King's floor price had dropped from 0.78 BNB fell to around 0.26 BNB, a drop of nearly 67% in one hour.

The community speculates that it may be Holders who knew the information in advance tried to quickly sell the NFT at a price in the 0.6BNB-0.8BNB range that had been maintained for several days. After all, the announcement was equivalent to the end of the snapshot. This was a common situation in airdrops by project parties in the past.

But someone soon realized that the snapshot time of Polyhedra Network was 8:00 UTC time, which is 4:00 pm Beijing time.

As a result, a large number of users began When buying Pandra King, its floor price was quickly bought from around 0.15BNB to above 0.6BNB. The highest transaction occurred at a trading price of 0.8BNB three minutes before the snapshot.

Snapshot time 4 p.m. After that, Pandra King was sold quickly again, and its floor price fell from 0.7BNB to 0.15BNB in 10 minutes, once again experiencing a nearly 80% drop.

As of the time of writing, the floor price of Pandra King is around 0.1BNB. Without new news stimulation, it may be difficult to return to high levels.

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