Hop Protocol Rewards Sybil Hunters with Innovative Airdrop Tool – How Does it Work?

cryptonews.com:

As Sybil farming ahead of anticipated airdrops is becoming increasingly popular in the cryptosphere, Hop Protocol is unveiling a new initiative under which it will reward Sybil hunters for their diligence in combating Sybil attackers who target such airdrops. 

Sybil attacks are carried out by persons who set up numerous accounts on selected blockchain projects which are moving towards token airdrops, and subsequently attempt to collect as many tokens as possible.

“When the Hop DAO was launched, Sybil hunters submitted reports that ultimately removed Sybil attackers from the HOP airdrop, resulting in the DAO keeping almost 3.5 million tokens that would have otherwise been in the hands of Sybil attackers,” said a post on Snapshot.org, an off-chain voting platform for blockchain-focused communities.

With this in mind, the protocol’s community voted on proposal which seeks to reward the involved Sybil hunters with 25% of the saved tokens now, roughly a year after the DAO was launched.

The results of the latest vote indicate that a vast majority of the Hop community was in favor of rewarding the hunters for their efforts. Users representing some HOP 7.4 million, or 99.48% of the total, agreed to the proposal. In contrast, users in possession of HOP 33,000, 0.45% of the total, voted against it, and those holding HOP 5,500, or 0.07%, abstained from the vote, as indicated by data released by the off-chain voting platform.

“Beyond the direct benefits of token recovery, the Sybil hunters also contributed to promoting the DAO in indirect ways. Both the SAFE airdrop and the Arbitrum airdrop adopted elements of Hop’s airdrop design as a result of the hunters’ effort and innovation, thus validating and enhancing the DAO’s influence,” the