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Yellow Network Launches "True Yellowists & Slaying Sybil" Initiative
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Yellow Network Launches "True Yellowists & Slaying Sybil" Initiative

6 hours ago
Yellow Network Launches "True Yellowists & Slaying Sybil" Initiative

Yellow Network is advancing to its next phase with a new initiative designed to reward genuine community members while addressing past irregularities. The program aims to ensure fairness, sustainability and a stronger ecosystem for loyal participants.

One of the primary challenges in any campaign is identifying sybil activity — when a single entity creates multiple wallets to gain unfair advantages. To combat this, Yellow Network is introducing a two-phase approach:

Part 1: Self-Reporting

Participants who voluntarily self-report will retain a portion of their intended rewards, acknowledging honesty while reinforcing fairness. The reporting process is anonymous with no questions asked.

To self-report:

  • Visit the official self-reporting form (link forthcoming)
  • Submit your list of wallets
  • Your submission will be reviewed and partial rewards allocated accordingly

After the self-reporting phase concludes, any unreported sybil accounts will forfeit their rewards.

Part 2: Bounty Program

Following the self-reporting period, community members will have the opportunity to help identify remaining sybil accounts.

Successful reports will receive 10% of the forfeited allocation from verified sybil addresses. If multiple people submit the same report, the bounty will be split between the first reporter and the Yellow Network team.

To submit a bounty report:

  • Visit the bounty submission form (link forthcoming)
  • Include a clear methodology on how you identified the accounts (e.g., transaction patterns, wallet clustering)
  • Reports will be reviewed and successful submissions rewarded

Key Rules:

  • If a sybil address is self-reported before being flagged by the bounty program, it will still receive partial rewards
  • If an address is reported before self-reporting, it loses its entire allocation, and the bounty hunter is rewarded

This initiative focuses on fairness rather than punishment — unclaimed rewards will be redistributed to legitimate Yellow Network participants. More details will be available in the official Yellow Telegram group.

Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial or legal advice. Always conduct your own research or consult a professional when dealing with cryptocurrency assets.
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