LayerZero Labs CEO says up to 100,000 addresses have self-reported as airdrop sybils | Headlines | News | CoinMarketCap
05/14/2024 12:18
LayerZero Labs co-founder and CEO Bryan Pellegrino said on X that up to 100,000 addresses have self-reported as the initiative to curb Sybil activity …
LayerZero Labs co-founder and CEO Bryan Pellegrino said on X that up to 100,000 addresses have self-reported as the initiative to curb Sybil activity on the project’s airdrop comes to an end.
LayerZero Labs, known for being the core contributor to LayerZero interoperability protocol, recently implemented a self-reporting mechanism as part of its strategy to combat the prevalent issue of Sybil attacks — where individuals create multiple accounts to unfairly influence token airdrops.
The team promised participants 15% of their intended token allocation for coming forward, no questions asked. The other option was for those users to receive no allocation. The response to this has been substantial, with 100,000 addresses being reported.
Pellegrino further noted the importance of the …