DeFi

Hop Protocol Proposes To Airdrop HOP Tokens To Thank 35 Hunter Addresses

Key Points:

Shane Fontaine, the co-founder of the cross-chain bridge protocol Hop Protocol, launched a proposal to distribute HOP airdrops to hunter addresses, and Hop DAO is voting on this proposal.
According to the proposal, 869,566.51 HOP tokens will be distributed to 35 hunter addresses.
The current support rate is 99.46%, and the deadline is June 1.

Shane Fontaine, the co-founder of the cross-chain bridge protocol Hop Protocol, has filed a proposal to award HOP airdrops to witch hunters, and Hop DAO is voting on this proposal.

According to the proposal, 869,566.51 HOP tokens will be distributed to 35 hunter addresses, which assisted the project party in removing Sybil attackers from the Hop airdrop when Hop DAO launched last year, allowing Hop DAO to keep nearly 3.5 million Hop tokens that would otherwise fall into Sybil’s hands. According to the Hop DAO introductory page, this proposal intends to reward Sybil hunters with 25% of rescued tokens.

Apart from the immediate advantages of token recovery, the Sybil hunters indirectly promoted the DAO. As a consequence of the hunters’ efforts and inventiveness, both the SAFE airdrop and the Arbitrum airdrop embraced features of Hop’s airdrop design, verifying and expanding the DAO’s impact. Throughout the airdrop process, each of those teams notably mentioned Hop as an influence.

In the future, the provided agreement will be attained at each level, and the proposal stated in HIP-13 will progress from the forum to a Snapshot proposal and finally to a Tally. Members of the community are invited to vote in order to influence the destiny of this vital effort.

The Hop Protocol community is looking forward to the successful implementation of the “HOP Airdrop Sybil Hunter Distribution” proposal and thanks the Sybil hunters for their significant contributions to the DAO’s security and growth. Hop DAO continues to exhibit the spirit of cooperation and creativity that has made it a force to be reckoned with in the decentralized financial ecosystem with this rewarding project.

The current percentage of support is 99.46%. Tomorrow, June 1, is the deadline.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.