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 earn loyalty points when participating in zkBridges cross-chain products, interacting with social media, and participating in the community, and hinted that accumulating loyalty points can be achieved in Get 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 users participating in the Binance Web3 wallet airdrop, OKX Cryptopedia Season 11, and BNB Chain airdrop marathon activities will have the opportunity to receive ZK airdrops.
Compared with projects such as Starkware and Zksync that focus on ZK scalability, Polyhedra Network is a ZK full-stack hexagon player. It has designed and implemented the ZK-based interoperability system zkBridge. The ZKP protocol it developed can also improve the current It has the efficiency of the zkRollup system, taking into account ZK interoperability and ZK scalability.
In terms of ZK interoperability, PolyHedra Network implements deVirgo, the industrys top distributed ZK protocol, and uses it to implement zkBridge and ZKDID, providing a trustless and efficient interoperability infrastructure for Web3.
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In addition, Polyhedra Network’s financing lineup is also very luxurious. It has received a total of US$25 million in investment in two consecutive financings. Leading investors include Binance Labs and Polychain Capital, Animoca Brands, Dao 5, 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 cumulative transaction volume on the BNB network 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 the repeated pulling and smashing behavior of Pandra King NFT.
Within three hours, Pandra King NFT was sold, pulled and crashed again
The earliest OKX Jumpstart information on Polyhedra Network appeared at 2 p.m., and element data showed that around 1:40 p.m., trading activities for Pandra King suddenly occurred intensively. 15 minutes after the announcement message was sent, Pandra King’s floor price had dropped from It fell from around 0.78 BNB to around 0.26 BNB, a drop of nearly 67% in one hour.
The community speculates that holders who knew the information in advance may be trying to sell NFT quickly at the price of 0.6 BNB-0.8 BNB that has been maintained for several days. After all, the announcement means that the snapshot is over. This is a common airdrop by project parties in the past. Condition.
But someone soon realized that the snapshot time of Polyhedra Network is 8:00 UTC time, which is 4:00 pm Beijing time.
As a result, a large number of users began to buy Pandra King, and its floor price was quickly bought from around 0.15 BNB to above 0.6 BNB. The highest transaction occurred at a trading price of 0.8 BNB three minutes before the snapshot.
After 4 pm of the snapshot time, Pandra King was sold quickly again, and its floor price fell from 0.7 BNB to 0.15 BNB in 10 minutes, once again experiencing a nearly 80% drop.
As of the time of writing, the floor price of Pandra King is around 0.1 BNB. Without new news stimulation, it may be difficult to return to highs.
