LayerZero offers sybil farmers chance to 'self-report' in the name of durability
Quick Take In the hopes of curbing the ills of excessive airdrop farming, or sybil activity, LayerZero Labs offered users the option to self-report with the promise of receiving “15% of their intended allocation.”
Generally, airdrops fit into a broader strategy of rewarding early users while establishing decentralized governance power within a network. Excessive airdrop farming, or sybil activity, involves an individual using hundreds, maybe thousands, of addresses to gobble up tokens for the sole purpose of more or less dumping them immediately.
Only time will tell if LayerZero Labs's effort to appeal to sybil users' sense of fairness pays dividends. The developer said in a blog post the self-reporting deadline is May 17.
In the same blog post, the developer also proclaimed: "If you think you are a sybil, you are most likely a sybil."
Specific rewards for network use have not been detailed but the timing of the potential airdrop follows an earlier LayerZero Labs's statement of a token launch targeted for the first half of 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Chainlink Isn’t Just Big — It’s Everywhere: Why LINK Has No Ceiling
Spot XRP ETF Set to Start Trading in Canada This Week After Regulatory Nod, Token Up 7%
Nexchain ICO Hits $4.5M: 2025’s Hottest Crypto Presale for June?
Nexchain leads the 2025 crypto presale surge with AI-driven utility, CertiK audit, and 429% ROI potential. Discover why it’s the best crypto presale to buy now.Nexchain: Leading the 2025 Crypto Presale SurgeFinal Words: Nexchain Is the Best Crypto Presale to Buy Right Now

Ethereum whales are buying most ETH since 2018
Trending news
MoreCrypto prices
More








