Can a project team detect when one person uses hundreds or thousands of wallets to claim an airdrop?
Project teams check for Sybil activity to distribute tokens to as many genuine users as possible. Otherwise, a large share of the airdrop could end up in the hands of a few people farming it.
Before the 2024 LayerZero airdrop, the preliminary list of suspected Sybil addresses included around 800,000 addresses. Addresses identified as Sybil addresses were not eligible for the full airdrop.
Understanding this won’t make me money right away, but it can help me avoid a few basic mistakes.
Understand how it works before taking action; don’t make decisions based on gut feelings.
$ZRO 1.731 (+4.91%)
Just sharing some thoughts—don’t take this as investment advice.
Project teams check for Sybil activity to distribute tokens to as many genuine users as possible. Otherwise, a large share of the airdrop could end up in the hands of a few people farming it.
Before the 2024 LayerZero airdrop, the preliminary list of suspected Sybil addresses included around 800,000 addresses. Addresses identified as Sybil addresses were not eligible for the full airdrop.
Understanding this won’t make me money right away, but it can help me avoid a few basic mistakes.
Understand how it works before taking action; don’t make decisions based on gut feelings.
$ZRO 1.731 (+4.91%)
Just sharing some thoughts—don’t take this as investment advice.
