Token

2024

LayerZero

LayerZero has <a href="https://x.com/LayerZero_Labs/status/1786441554816532646" target="_blank" data-wpel-link="external">implemented </a>a clear plan to combat Sybil attacks. Users can self-report by May 17th to receive 15% of their intended allocation, or risk exclusion if detected during internal reviews or by community reports.&nbsp; 
The goal of the protocol is to <a href="https://medium.com/layerzero-official/addressing-sybil-activity-a2f92218ddd3" target="_blank" rel="noopener" data-wpel-link="external">provide </a>equitable distribution among nearly 6 million unique users where those who are committed to long-term network growth have their priority. 
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 We believe it is in the protocol's best interest to distribute tokens to durable users — not sybil farmers. If you are a sybil, you have two options: – Self-report sybil addresses for 15% of your intended allocation. No questions asked. The deadline to do so is May 17th. – Do… <a href="https://t.co/Kme9ZKckC7" target="_blank" data-wpel-link="external">pic.twitter.com/Kme9ZKckC7</a>— LayerZero Labs (@LayerZero_Labs) <a href="https://twitter.com/LayerZero_Labs/status/1786441554816532646?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">May 3, 2024</a>
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LayerZero will move to a two-phase approach which will be called upon to seek out and eradicate after-burning sybil activities. This is right after the deadline for self-reporting. It announces a rewards program for community members who identify real Sybil users. 
LayerZero Labs has <a href="https://www.cryptotimes.io/2023/12/08/layerzero-confirms-launching-native-token-in-2024-first-half/" data-wpel-link="internal">announced </a>the launch of its native token, set for the first half of 2024. This development follows significant anticipation aimed at ensuring fair distribution practices.&nbsp; 
 Apart from that LayerZero Labs are <a href="https://www.cryptotimes.io/2023/09/12/layerzero-google-cloud-partners-to-boost-web3-interoperability/" data-wpel-link="internal">joined</a> with Google Cloud to offer a Platform Orchestration as a service to move workloads across the cloud with SiDC Alliance working on the integration of this public cloud as the default oracle for the protocol’s cross-chain messaging functions, security is set to be enhanced. 
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 Also read: <a href="https://cryptotimes.io/2023/12/08/layerzero-confirms-launching-native-token-in-2024-first-half/" target="_blank" rel="noopener" data-wpel-link="internal">LayerZero Confirms Launching Native Token in 2024 First Half</a> 
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LayerZero Token Launch and Anti-Sybil Measures Set for 2024

The Crypto Times

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