After Years of "PUA", Zora Finally Issued a Coin, but the Community Users Did Not Get the "Big Result" They Wished For

After years of "PUA", Zora finally issued a coin, but the community users who had been waiting for a long time did not get the "big result" they wished for.

Author: Nancy, PANews

After years of "PUA", Zora finally issued a coin, but the community users who had been waiting for a long time did not get the "big result" they wished for. When they opened their wallets, they only saw a "reward" that could not even cover the gas fee, not to mention that the token itself was useless. For a time, the community's emotions were completely "broken", and the on-chain reputation protocol Ethos unexpectedly became an outlet for users to vent their dissatisfaction. Zora's "rollover scene" was also permanently recorded on the chain, becoming a mark of the collapse of trust.

Airdrops "slap" early users in the face, token distribution is accused of betraying the community

Last month, Zora announced that it would soon launch its native token ZORA, raising the expectations of the community that had been waiting for years. On the eve of the token launch, Base officials released a series of tweets to promote Zora , which successfully attracted a lot of attention, and various memes were flying around, and many data soared.

However, this airdrop turned out to be a disappointing "turnaround of the century". On April 23, Zora opened the airdrop application and stated that the airdrop will distribute 1 billion ZORA tokens to 2,415,024 addresses. Among them, most of the airdrop tokens are based on the first snapshot allocation (8:00 on January 1, 2020 to 22:00 on March 3, 2025), and the second snapshot allocation accounts for a smaller proportion (22:00 on March 3, 2025 to 8:00 on April 20, 2025), and covers the Coins activity on Zora's latest protocol. The specific allocation amount is calculated based on the user's activity on Zora and the overall participation in the current protocol and its old versions, including but not limited to minting, casting, trading and recommendation.

At the same time, the token ZORA landed on Binance Alpha, and eligible users will receive 4276 ZORA airdrops. However, the result of this airdrop angered many users who have participated in the Zora ecosystem for a long time. They only received a small amount of tokens, which was not even enough to pay the gas fee.

However, speculators and Binance Alpha users who recently participated in the token distribution easily took away a large number of tokens. This seriously unbalanced distribution method not only aroused widespread anger in the community, but was also considered a betrayal of early supporters. What made the community even more dissatisfied was that the Zora airdrop snapshot was divided into two parts, but the specific distribution criteria had never been made public, and the whole process lacked due transparency.

Not only that, Zora has also aroused strong doubts from the community due to its highly centralized and opaque distribution ratio. According to the token economic model disclosed by ZORA, the community airdrop accounts for only 10%, while the team, treasury and strategic contributors are allocated up to 65%, and it only takes 6 months to unlock the position, and the specific unlocking rhythm is also not clearly stated.

In addition, Zora officially stated that ZORA tokens are just "just for fun" MEME coins, which do not carry any technical or governance functions and are mainly used for community rewards and ecological incentives. This positioning has triggered a series of questions from the community: Since the tokens have no substantive use, why do teams still need to occupy such a high proportion? Why do the community believe that ZORA has long-term value?

With multiple disappointments, Ethos' negative review function was seen as a channel for venting emotional values. Community users left negative reviews one after another, causing Zora's credibility score to drop rapidly. Many users bluntly said, "The records on the chain cannot be changed, and the evil projects will be recorded in history."

The airdrop progress has reached halfway , and the user collection rate is less than 20%, with an average of only 37 US dollars per person

Judging from the price performance, Binance data showed that ZORA briefly surged to $0.0466 after its launch, and then fell to a low of $0.0172 the next day. The maximum decline was close to 63%, and the market enthusiasm quickly cooled.

Dune data shows that as of press time, more than 514 million tokens have been successfully claimed by users in the ZORA airdrop. Among them, the top 50 addresses have claimed more than 190 million tokens, with an average of about 3.931 million tokens per address. Based on the current price (about $0.0235), the value is about $