MANTRA Launches ‘Sybil Slaying Season’ Ahead of $OM Token Airdrop – BitRss

MANTRA, a layer 1 blockchain designed for tokenized real-world assets (RWAs), has announced the commencement of ‘Sybil Slaying Season’ in preparation for its upcoming 50 million $OM token airdrop. This initiative aims to reward genuine community members while maintaining the ecosystem’s sustainability.

A significant challenge in executing a fair airdrop is identifying sybil activities, where multiple fake accounts are created to unfairly claim a larger share of tokens. The ‘Sybil Slaying Season’ will address this issue through two phases: self-reporting and a bounty program.

Self-Reporting Phase

The self-reporting phase allows sybil farmers to disclose their activities by 24 February 08:00 UTC 2025, receiving 18% of their intended token allocation without any questions. Participants can self-report by filling out a Google form and submitting a list of wallets. After the reporting period, a public release of identified sybil addresses will occur, and those who fail to report will forfeit their allocation entirely.

Bounty Program

Running concurrently from 13 February 08:00 UTC to 24 February 08:00 UTC 2025, the bounty program invites users to report sybil activities. Successful reports will result in the sybil addresses receiving no $OM tokens, while the informant earns 10% of the forfeited allocation. Reports must include at least 20 linked suspicious addresses and a clear methodology for identification, such as transaction patterns or wallet creation behavior.

Participants can submit their findings through the same Google form. MANTRA will rigorously review submissions to verify the reports. If a community member reports a sybil farmer before they self-report, the sybil farmer will lose their allocation, and the community member will receive 10% as a reward.

The ‘Sybil Slaying Season’ initiative is designed to ensure that those who have contributed to MANTRA’s growth and supported its mission to bring the financial ecosystem on-chain are adequately rewarded. This effort underscores MANTRA’s commitment to sustainable and durable ecosystem growth.

Why This Matters: Impact, Industry Trends & Expert Insights

MANTRA’s ‘Sybil Slaying Season’ initiative aims to address the challenge of sybil attacks as it prepares for a major $OM token airdrop. This effort is crucial in ensuring fair distribution and rewarding genuine community members.

Recent industry reports indicate that token airdrops remain a significant trend in the cryptocurrency industry, offering users opportunities to gain early exposure to emerging blockchain projects and secure free tokens. This aligns with MANTRA’s strategy of utilizing airdrops to engage the community and promote its blockchain ecosystem.

A OneSafe report highlights that preventing Sybil attacks involves challenges such as ensuring participant authenticity in blockchain networks, with solutions like robust identity verification and advanced analytics. This supports MANTRA’s proactive approach to mitigating sybil activities through self-reporting and bounty programs, enhancing the integrity of its token distribution.

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