FairDrops: A new take on AirDrops

FairDrops: A new take on AirDrops

Jan 19, 2023

FairDrops AirDrops
FairDrops AirDrops

Airdrops are economic levers that can be used to foster engagement and loyalty. When members become involved, they create more value by growing interest in the project itself. However, without fairplay, trust in the community and key resources are compromised.

The challenge

Trust is undermined by foul play

Airdrop events are hands down effective for growing communities but identifying  bots or duplicate participants can get tricky. Fair distribution of tokens is of the utmost importance if you want to keep users engaged. At the same time, anonymity needs to be considered to avoid discouraging user participation. Sybil attackers posing as real users attempt to collect multiple rewards all the time. So how can projects keep bots and duplicated users from being whitelisted to your Fairdrop?

The solution

Only legitimate and unique users allowed

Proof of Personhood (PoP) guarantees that only real and distinct members are rewarded. By eliminating bots and duplicate users, Synaps’ PoP is a privacy-preserving identification that is the first step to building reliable and honest communities. Enforcing the requirement for PoP to be whitelisted for airdrops ensures fair distribution of tokens, preventing assets from going to waste.

Learn how it works: watch video

Our Achievements

  • 20k+ PoP verified

  • 99.5% uniqueness validation reliability rate

  • 10s validation time

Proof of Personhood with Synaps

Synaps PoP comes with a user-friendly interface, allowing for a fast and smooth user experience. The verification process for humanity and uniqueness checks last less than 10s. Once your user’s PoP is created, they will have the opportunity to decentralize their PoP with the dID protocol Anima. The decentralized solution is reusable which means that users are able to attest to their uniqueness instantly.

 Synaps’ Proof of Personhood is the right solution for you if you are looking for:

  • Privacy-preserving technology: Keeping participants' data private is crucial for maintaining trust. With our PoP solution, personhood is validated via a face scan, which generates an encrypted vector face graph. It contains no biometric data and cannot be used to recreate someone’s face, keeping identities anonymous.

  • Convenience: The PoP can be decentralized within Anima which allows users to connect to their existing crypto wallet(s). With the Anima dID protocol, users can get instant identification on your platform. 

  • Full scalability: PoP is designed as a user-friendly, universal, and fully scalable system with rollup technology to resolve Sybil attacks. The solution has the capacity to efficiently onboard and handle a high volume of verification globally

Our latest uses cases

Streamline Your Corporate Onboarding

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Corporate onboarding

Streamline Your Corporate Onboarding

KYB checks are becoming the norm for new business partners to ensure compliance with regulations.

KYB

AML

Corporate onboarding

Streamline Your Corporate Onboarding

KYB checks are becoming the norm for new business partners to ensure compliance with regulations.

KYB

AML

Private sales: Prepare for a safe and secure launch

ICOs (Initial Coin Offerings) and private sales are often used as funding sources in web3. But identifying investors is not as easy as traditional IPOs (Initial Public Offerings).

KYC

KYB

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private sales prepare safe secure launch

Private sales: Prepare for a safe and secure launch

ICOs (Initial Coin Offerings) and private sales are often used as funding sources in web3. But identifying investors is not as easy as traditional IPOs (Initial Public Offerings).

KYC

KYB

AML

private sales prepare safe secure launch

Private sales: Prepare for a safe and secure launch

ICOs (Initial Coin Offerings) and private sales are often used as funding sources in web3. But identifying investors is not as easy as traditional IPOs (Initial Public Offerings).

KYC

KYB

AML

The Quadratic Voting model: Transforming governance

In distributed governance models and online reputation systems, creating multiple wallets and impersonating multiple people is a barrier to trust-based digital systems.

KYC

Quadratic voting governance

The Quadratic Voting model: Transforming governance

In distributed governance models and online reputation systems, creating multiple wallets and impersonating multiple people is a barrier to trust-based digital systems.

KYC

Quadratic voting governance

The Quadratic Voting model: Transforming governance

In distributed governance models and online reputation systems, creating multiple wallets and impersonating multiple people is a barrier to trust-based digital systems.

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Meet us at the EthCC 2024 in Brussels

Meet us at the EthCC 2024 in Brussels

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