LayerZero Sybil Detection Report Is Being Conducted With Chaos Labs And Nansen
Key Points:
- LayerZero Labs collaborates with Chaos Labs and Nansen to conduct a LayerZero sybil detection report for the upcoming airdrop.
- Users can now cancel sybil reports on LayerZero’s website until May 18, enhancing transparency.
- The ZRO airdrop distribution checker is launched, aligning with previous promises and efforts to exclude sybil farmers.
LayerZero, the renowned cross-chain interoperability protocol, is taking a firm stance against sybil farming activities ahead of its impending airdrop.
Read more: Top 5 Bridge Projects On LayerZero
LayerZero Sybil Detection Report Conducted To Fight Sybil Farming Ahead of Airdrop
Collaborating with Chaos Labs and Nansen, LayerZero Labs is compiling a LayerZero sybil detection report to ensure the integrity of its distribution process. This report will scrutinize the total weighted transactions of users across all LayerZero applications, aligning TGEs, developers, and long-term users. Scheduled for release after the sybil self-report deadline, the LayerZero sybil detection report aims to maintain fairness and transparency.
In response to user requests, LayerZero has introduced a new feature on its website allowing users to cancel sybil reports until May 18, 12:00 PT. Sybil farming involves the creation of multiple wallets by a single user to inflate network activity, potentially affecting airdrop allocations.
Read more: LayerZero Airdrop Guide: Opportunity To Get Involved Early With Breakthrough Projects
ZRO Airdrop Distribution Checker Launched
LayerZero announced the launch of a distribution checker for the upcoming ZRO airdrop. The project executed its first snapshot last week, signaling the imminent distribution of tokens to early adopters within the next eight weeks, as promised in December.
LayerZero Labs had previously disclosed plans for an internal investigation targeting sybil farmers to exclude them from future token generation events. As part of this effort, a reward program will be initiated, offering bounty hunters 10% of the intended token allocation of identified sybil users.
With these proactive measures, LayerZero underscores its commitment to fostering a fair and inclusive ecosystem while safeguarding against fraudulent practices.
| 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. |
Author
News
LayerZero Sybil Detection Report Is Being Conducted With Chaos Labs And Nansen
Key Points:
- LayerZero Labs collaborates with Chaos Labs and Nansen to conduct a LayerZero sybil detection report for the upcoming airdrop.
- Users can now cancel sybil reports on LayerZero’s website until May 18, enhancing transparency.
- The ZRO airdrop distribution checker is launched, aligning with previous promises and efforts to exclude sybil farmers.
LayerZero, the renowned cross-chain interoperability protocol, is taking a firm stance against sybil farming activities ahead of its impending airdrop.
Read more: Top 5 Bridge Projects On LayerZero
LayerZero Sybil Detection Report Conducted To Fight Sybil Farming Ahead of Airdrop
Collaborating with Chaos Labs and Nansen, LayerZero Labs is compiling a LayerZero sybil detection report to ensure the integrity of its distribution process. This report will scrutinize the total weighted transactions of users across all LayerZero applications, aligning TGEs, developers, and long-term users. Scheduled for release after the sybil self-report deadline, the LayerZero sybil detection report aims to maintain fairness and transparency.
In response to user requests, LayerZero has introduced a new feature on its website allowing users to cancel sybil reports until May 18, 12:00 PT. Sybil farming involves the creation of multiple wallets by a single user to inflate network activity, potentially affecting airdrop allocations.
Read more: LayerZero Airdrop Guide: Opportunity To Get Involved Early With Breakthrough Projects
ZRO Airdrop Distribution Checker Launched
LayerZero announced the launch of a distribution checker for the upcoming ZRO airdrop. The project executed its first snapshot last week, signaling the imminent distribution of tokens to early adopters within the next eight weeks, as promised in December.
LayerZero Labs had previously disclosed plans for an internal investigation targeting sybil farmers to exclude them from future token generation events. As part of this effort, a reward program will be initiated, offering bounty hunters 10% of the intended token allocation of identified sybil users.
With these proactive measures, LayerZero underscores its commitment to fostering a fair and inclusive ecosystem while safeguarding against fraudulent practices.
| 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. |
Other Posts
Related Posts
Latest
Best Cryptos with 1000X Potential: Qubetics Revolutionises Blockchain as Polkadot and Cosmos Shape the Future
Best Coins to Buy in December 2024: Qubetics Offer 630% ROI, Polkadot Delivers on Interoperability and Near Protocol’s Scalability is Talk of the Town
Press Release
Best Cryptos with 1000X Potential: Qubetics Revolutionises Blockchain as Polkadot and Cosmos Shape the Future
Best Coins to Buy in December 2024: Qubetics Offer 630% ROI, Polkadot Delivers on Interoperability and Near Protocol’s Scalability is Talk of the Town
