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News

LayerZero Sybil Check List Will Release Before Mid-2024

June 10, 2024 - Around 2 mins mins to read

Key Points:

  • The LayerZero sybil check list will be completed by mid-2024, and the identification formula will be announced this month.
  • Users who self-report sybil behavior will receive 15% of airdrop tokens; non-reporters will get none.
  • LayerZero and Nansen will use data from 100,000 wallets to train AI in recognizing sybil patterns, enhancing future project airdrops.
LayerZero CEO Bryan Pellegrino has announced via social media that the sybil hunt will conclude and the final LayerZero sybil check list will be released before the first half of 2024.
LayerZero Sybil Check List Will Release Before Mid-2024

LayerZero Sybil Check List to Be Completed by Mid-2024

Previously, LayerZero introduced a public disclosure portal for users to confess any involvement in sybil behavior. LayerZero sybil check allows the project to identify and list addresses involved in sybil activities and launch a bounty program to encourage reporting of such behaviors.

LayerZero and Nansen will analyze a dataset of over 100,000 wallets to train their AI in recognizing sybil patterns, aiming to assist other projects with airdrop allocations. Users who voluntarily admit to sybil behavior will be rewarded with 15% of the initial airdrop tokens. Conversely, those discovered without self-reporting will forfeit any token allocation.

AI Training with Sybil Data for Future Airdrops

The project also invites reports from sybil hunters, offering a reward of 10% of the tokens associated with the reported sybil wallet as part of the TGE project. So far, LayerZero has received over 3,000 reports of suspected sybil wallet clusters and more than 30,000 appeals from account holders.

To mitigate spam, LayerZero initially proposed a reporting fee of 0.02 ETH, which has since increased 25-fold due to high volumes of reports.

LayerZero is an omnichain, cross-chain protocol designed to enable decentralized applications to interact across multiple blockchains, enhancing interoperability through cross-chain messaging.

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.

Airdrop

Bryan Pellegrino

LayerZero

LayerZero Sybil Check

Nansen

Sybil

Avatar of Harold

Author

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.
News

LayerZero Sybil Check List Will Release Before Mid-2024

Key Points:

  • The LayerZero sybil check list will be completed by mid-2024, and the identification formula will be announced this month.
  • Users who self-report sybil behavior will receive 15% of airdrop tokens; non-reporters will get none.
  • LayerZero and Nansen will use data from 100,000 wallets to train AI in recognizing sybil patterns, enhancing future project airdrops.
LayerZero CEO Bryan Pellegrino has announced via social media that the sybil hunt will conclude and the final LayerZero sybil check list will be released before the first half of 2024.
LayerZero Sybil Check List Will Release Before Mid-2024

LayerZero Sybil Check List to Be Completed by Mid-2024

Previously, LayerZero introduced a public disclosure portal for users to confess any involvement in sybil behavior. LayerZero sybil check allows the project to identify and list addresses involved in sybil activities and launch a bounty program to encourage reporting of such behaviors.

LayerZero and Nansen will analyze a dataset of over 100,000 wallets to train their AI in recognizing sybil patterns, aiming to assist other projects with airdrop allocations. Users who voluntarily admit to sybil behavior will be rewarded with 15% of the initial airdrop tokens. Conversely, those discovered without self-reporting will forfeit any token allocation.

AI Training with Sybil Data for Future Airdrops

The project also invites reports from sybil hunters, offering a reward of 10% of the tokens associated with the reported sybil wallet as part of the TGE project. So far, LayerZero has received over 3,000 reports of suspected sybil wallet clusters and more than 30,000 appeals from account holders.

To mitigate spam, LayerZero initially proposed a reporting fee of 0.02 ETH, which has since increased 25-fold due to high volumes of reports.

LayerZero is an omnichain, cross-chain protocol designed to enable decentralized applications to interact across multiple blockchains, enhancing interoperability through cross-chain messaging.

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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