Cybil cultivation became popular in the cellar before airdrops.
At the first shout of a new token, wallet addresses are used by many people to generate loyalty tokens and randomly interact with a new project in the nascent cryptocurrency.
Airdrops usually reward the “most loyal users” in the community. But loyalty can mean many different things.
Is it measured by the number of transactions using a protocol? Is it a dollar amount that you are transferring? Or is it something completely different?
Called sybil farming, such attacks are great for people making five-figure sums with the touch of a few keys, but horrible for crypto projcts trying to build a real community.
It’s one of the more interesting aspects of cryptography, and there have been a few good solutions.
However, the hop protocol takes a crack at solving the problem.
When Chainbridge Protocol announced the release of the original Hoop token last year, it took aggressive measures to crack down on any suspicious addresses. To do this, take two basic steps.
First, it identifies funding accounts that are distributed to other smaller accounts for the growth of the airdrop. Secondly, there were so-called restricted accounts on the blockchain, where accounts moved from one airdrop to another, picking up new tokens along the way.
More than 10,000 titles have reportedly been disqualified.