This is not a proposal, this is just information. If you have not seen the proposal to remove airdrop farmers, please read it here:
Thanks to everyone in the community that have identified airdrop farmers and shared them in the Discord or with me privately.
Here I am sharing my current list of farmers that I consider to be very obvious farming operations with 10+ addresses controlled by a single person.
A full investigation will be done if the proposal linked above passes Snapshot. However, this is just my own investigation. I wanted to do this so I can check what the Snapshot results would be without votes from the airdrop farmers.
Here are the main farming accounts I am aware of so far. If you want to verify what I say, you will need to click through their transactions to “follow the money”. Not all of them are obvious just from one link, but once you investigate a bit, it is very clear.
Farmer #1 created 6 “chains” of addresses (totalling more than 50 addresses, I stopped counting after that…) each address minted an NFT.
Farmer #2 created 200 addresses with Multisend (all minted an NFT)
Farmer #3 created 10 addresses (all minted an NFT)
Farmer #4 created 46 addresses (all minted an NFT)
Half of the farmed NFTs were then transferred in and out of this account (probably the same person).
Farmer #5 farmed 132 NFTs:
Some of them via this sub-account:
Farmer #6 created 48 addresses (all minted the NFT):
Then they were transferred to another address:
And sold on OpenSea:
Farmer #7 created 22 addresses from sub-account (all minted the NFT):
Then sent them to his main account and sold on OpenSea:
Farmer #8 farmed 24 NFTs:
After my proposal they transferred the NFTs to new separate addresses:
Farmer #9 created a long chains, at least 80 NFTs (I stopped counting…):
Farmer #10 created 10 addresses:
Farmer #11 created 10 separate chains (follow txs on 2022-03-31), who knows how many addresses in total…
- I have manually confirmed at least 720 addresses that are part of large-scale airdrop farming operations (people with 10+ addresses).
- There are also smaller farmers, and NFT buyers who have sybil attacked, but I have not listed them here.
Estimation of Total Farming
Farming chains are difficult to count manually.
How many chains of farmed addresses are there? And how long are the chains?
I created a Dune query to find addresses that currently hold a Guru NFT and have sent ETH to another address that also holds an NFT.
The result is 4,851 addresses.
Some of these are normal users with a couple of wallets, or people who sent ETH to a friend, but I also found a lot of new long chains I had not seen before.
But the number above only counts addresses that still own the NFT now. We know that some farmers have moved their NFTs to new addresses. Let’s do the same analysis with NFT minters instead of holders.
Then the answer is 5,487 addresses.
As I said, some of these will be real users. Let’s see what the same analysis looks like for a normal NFT project that is fairly distributed. I chose Bored Ape Yacht Club.
Keep in mind that BAYC has existed for much longer, so we could expect the number to be bigger than for Guru NFTs.
But, the answer is only 361 addresses (BAYC minters who transferred ETH to another BAYC minter).
- The comparison with BAYC indicates that maybe 5,000 NFTs were farmed using chains of addresses. I don’t know how many of these are “small” hunters or “large” 10+ farmers.
- On top of these 5000 addresses, there are other farmers who didn’t use chains (they used Multisend or manually sent ETH to lots of addresses). So the full number is at least 400 higher.
- Some of the farmed NFTs have been sold, but the lifetime sales of the Guru NFT is only 1,247 so most of the farmers are still here.
Farmers On The Move
If you look through a few pages of recent Guru NFT transfers, you can spot a few farmers that have moved their NFTs to new addresses in the last few days. They are probably trying to hide because of the recent proposal to remove them.
In fact, by doing this they revealed themselves and I found a few new farmers.
Some of the farmers I listed above started the operation from their main accounts. It is not hard to connect their ENS names and OpenSea names against their Twitter accounts and Discord account. I will not post any names, but of course I recognised some of them as critics of proposals to remove airdrop farmers.
Some farmers have also reached out to me and admitted what they have done (people with < 30 addresses, not the big ones). So I know who they are in Discord, and I see them writing arguments to not remove farmers. They asked me to keep their identities private, and I will because I am not here for a witch-hunt.
So just be aware that the farmers may be trying to manipulate the rest of the community to their advantage.
- Thanks to ali kurutluogl for pointing out a bug in the Dune query. I forgot to exclude transfers to yourself, which happens if you cancel a transaction in MetaMask. I have updated the numbers in this post but the conclusion is the same.
- Removed the Dune links because some people interpreted them as a “list of farmers”. It’s not.