Sybil farming, where wallet addresses interact with a new project in hopes of receiving loyalty rewards, is a common occurrence in the crypto world. However, it can be detrimental to crypto projects trying to build a genuine community. Hop Protocol attempted to solve this problem by identifying and removing suspicious addresses, and even inviting the community to help identify unloyal airdrop farmers. The Sybil Hunters who successfully identified these addresses were rewarded with 25% of all HOP tokens with a one-year lockup, and some managed to earn over 100,000 HOP tokens, worth over $8,000. This success may offer hope for the future of airdrops in the crypto industry.
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Hop Protocol Takes on Sybil Farming in Crypto Airdrops
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