May 4, 07:37 AM

LayerZero's New Policy: Report Sybil Accounts by May 17 for 15% Token Allocation

LayerZero Labs has introduced a new anti-sybil policy which offers users two options to manage their sybil accounts. Users can either self-report their sybil accounts by May 17 to receive 15% of their intended token allocation or risk losing everything if caught by the company's internal checks or reported by a bounty hunter. This policy has sparked mixed reactions across the community, with some praising it as a smart move to ensure fairness in token distribution, while others criticize it for potentially stifling user engagement and redefining airdrop farming as sybil activity.

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Written with ChatGPT (GPT-4).