When asked, “What does ‘Sybil’ mean in an airdrop?”
I usually answer like this: In May 2024, LayerZero allowed Sybil addresses to self-report: addresses that self-reported could keep 15% of their original allocation. Projects identify Sybils so tokens can actually reach different real users; otherwise, a large portion of the airdrop would end up in the hands of a small number of people gaming the system.
$ZRO 1.559 (+6.2%)
Did you misunderstand this before, too?
#ZRO
I usually answer like this: In May 2024, LayerZero allowed Sybil addresses to self-report: addresses that self-reported could keep 15% of their original allocation. Projects identify Sybils so tokens can actually reach different real users; otherwise, a large portion of the airdrop would end up in the hands of a small number of people gaming the system.
$ZRO 1.559 (+6.2%)
Did you misunderstand this before, too?
#ZRO