Preferential Trustline List (PTL)
The only list of genuine, verified, unique XRPL holders
Every new project launching on the XRP Ledger has the same quandary. How do you distribute your tokens without falling foul of air drop farmers?
Whilst exchanges and apps offer the opportunity (or requirement) for people to KYC by providing personal information (and in some circumstances verifying their ID), this information is only available to projects scrutinising wallets after the fact looking for the KYC tickmark
The current options are limited:
Drop to all trustlines:
This has been proven time and again to be the worst possible start to most projects that adopt this model, often seeing large volumes of their initial air drops being consolidated by the air drop farmers into a single account to access future air drops only available to higher tier holders, or to see it sold in swathes causing lasting damage and a huge uphill struggle for the project having to build trust all over again, regardless of how good their proposed usecase or utility is.
Create a white list process:
The project could establish a number of requirements for eligibility in addition to just setting the trustline. This could include following on socials, completing a form and more.
As much as this is a step in the right direction it does not guarantee the wallet addresses are individual and legitimate, with fake and multiple emails and social media accounts easy to create.
Use existing projects:
Drop to wallets with one or a number of trustlines to long-established projects set. They could require a minimum hold in that project to further filter the list of wallet addresses.
Whilst this may help the project get a more refined set of wallets, established projects are no less victims of farmers than new ones so they are still left with no guarantee that each wallet belongs to a different individual.
With any of the above options, projects often elect to use air drop farmer databases and exclude those addresses from the air drop/distribution. Unfortunately these databases are often out of date, constantly playing catch up and the resources required to constantly query the ledger to identify new farmer accounts to add to the database is resource-heavy and time-consuming.
There are currently no means for a project to distribute tokens to wallets with full certainty that each wallet is owned by a different individual.
PTL: Preferential Trustline List
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PTL Sign Up Form
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