LayerZero Labs Targets Sybil Farmers: Exclusive Airdrop for Genuine $LZR Holders
13d ago•
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LayerZero Labs Takes Stand Against Sybil Farmers Ahead of Anticipated Airdrop
- LayerZero Labs, a leading cross-chain interoperability protocol, has pledged to address the issue of sybil farming before its upcoming airdrop.
- The project plans to conduct an internal investigation to identify and exclude sybil farmers from its future token generation event.
- LayerZero Labs also plans to launch a reward program, offering a 10% bonus of the intended token allocation to bounty hunters who identify additional sybil users.
LayerZero Labs is taking a proactive stance against sybil farming, aiming to ensure a fair token distribution for genuine users in its upcoming airdrop.
LayerZero Labs’ Commitment to Genuine Users
Sybil farming is a practice where a single user creates multiple wallets to generate significant activity on a network or protocol, maximizing their airdrop benefits. LayerZero Labs has expressed its intention to distribute tokens to genuine and long-term users rather than sybil farmers. The protocol has seen interaction from nearly 6 million unique wallet addresses since its launch two years ago. The team believes excluding sybil farmers from the airdrop is crucial for a fair token distribution.
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