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Article Source: CoinList; Translation: Bit Chain Vision Xiaozou
Token issuance is one of the most important historical moments of a project.If you mess up your tokens, your project may face the end.
When it comes to the credibility of damaging token issuance, there is nothing faster than the Sybil attack. In the Sybil attack, a malicious actor will create multiple false identities, so that the picture is not proportional to the network in the network to obtain the influence that is not proportional to influence in the network.Distribution with tokens.
No one wants a ghost community.
Below, we will explore how Sybil attacks destroy the tokens by exploring the data of the recent two ZKSYNC airdrops and Layerzero airdrops.
1. ZKSYNC
ZKSYNC is the Layer 2 extension solution of Ethereum. It uses zero -knowledge proof, which is one of the most anticipated airdrops in 2024, but faced many criticisms due to lack of Sybil defense measures.For example, Mudit Gupta, chief information security officer of Polygon Labs, said so on X:
(1) ZKSYNC network activity
From ZKSYNC airdrop (June 17, 2024) to July 17, 2024, the number of active addresses on the Internet dropped by about 78.7%.This shows that a large number of users are only interested in free airdrops, and after receiving airdrops, they turn around and leave.
The number of daily deposits also reflects the similar mode -the indicator reached the peak of 4,1257 people on March 25, 2023, but it fell to only 32 on July 17, 2024.
After the airdrop, among the people who harvested the most ZKSYNC airdrops, more than 40%sold all their tokens allocation and 41.4%sold some tokens.At present, only 17.9%of head recipients still hold tokens.According to CryptusChrist data, 746 Sybil attackers are eligible to get about $ 6.9 million ZK tokens in the airdrop.
(2) ZK price fluctuation
Unfortunately, ZK is selling -may be carefully planned by the Sybil attacker -causing the pressure of selling, resulting in the token price of opening the airdrop (June 17, 2024)It fell about 39.29%.
So, where is the problem with ZKSYNC?First of all, the team’s airdrop qualification standards are relatively easy to involve Sybil attackers and lack measures to prevent Sybil attacks.In addition, ZKSYNC seems to have excluded some legal users to some extent, such as projects created on ZKSYNC Era, which have made direct contributions to their ecology.
Their team now needs to double their efforts to re -capture the false high activities that have caused major price speculation before the issuance.
2. Layerzero
Contrary to the above two examples, Layerzero is a mutually operating protocol designed to promote seamless communication between different blockchain and asset transfer. It has strong measures to prevent Sybil attacks.
Layerzero Labs CEO Bryan Pellegrino said their team finally determined 1.1 million to 1.3 million unique address Sybil wallets during Sybil’s self -reporting and analysis stage, and the team will continue to encourage and reward the community to report Sybil.
(1) Layerzero online activity
From April 30, 2024 (the day before the date of the snack) to July 7, 2024, the number of messages on Layerzero fell by 91.5%.
Similarly, during the snapshot date and airdrop date, the number of daily transactions has decreased by more than 92%.
Part of the reason for this trend is that users often stop activities after the snapshot date, because transactions are no longer a necessary condition for obtaining airdrops.However, it is also possible that the team’s Sybil prevention measures also have a certain impact, which has caused their airdrops to face less Sybil attacks.
(2) ZRO price fluctuation
From June 20, 2024 (airdrop date) to July 18, 2024, the price of Layerzero’s native currency ZRO dropped from $ 4.79 to $ 4, about 16%, which was significantly lower than that of ZK after airdrops.Inner decline (39%).Interestingly, although Layerzero’s network activities have declined, the price of ZRO is ultimately higher than the original listing price.
Although it is difficult to determine all related factors of Layerzero’s relative price sustainability, its Sybil prevention technology may play a role.
3. Why should Builder pay attention to Sybil prevention?
In the short term, Sybil seems to be beneficial to the project because they can artificially raise data and generate direct profits.
However, as the above examples are shown, the influx of Sybil may lead to the decline in tokens and network activities, and both will weaken the long -term sustainable development of the project.
After the exit of Sybil, the legal participants will have more opportunities to participate in to contribute, because the removal of the fraud entity releases valuable positions.
Most teams that are issued through airdropping need to double their efforts to re -capture those activities that promote the expansion of price speculation and network activities before the issuance.No one wants a ghost community.
In CoinList, we attach great importance to the prevention of Sybil. We will verify the legality of the device and browser, analyze IP addresses, screen for abnormal activities similar to robots, evaluate the legitimacy of email address, and ensure that each participant is unique and unique.Verified individuals.
