TON Jetton Audit Series Part1 - Supply and Bubble Charts
Often in the crypto world, the words decentralization and smart contracts are just a shell for scam or, to put it mildly, dishonest schemes.
You can hear Do Your Own Research - do research, but an ordinary person, not a venture capital firm with a staff of analysts, cannot spend so much time on analysis.
What can be done?
Without canceling DYOR, we can try to find an indicator/dashboard that, with 20% of the effort to study, will give 80% of the result - information about the token.
What kind of indicator? - I propose to consider the distribution of the supply of tokens.
Let's look at the cases:
1) Manipulations with floor and NFT volume
NFT buyers often focus on floor (the lowest price of a collection) and collection volume - dishonest sellers influence these indicators by reselling NFTs between a pair of wallets.
If you display resales on a dashboard relative to the overall distribution, such manipulations will be immediately visible.
2) Concentration of 25% of fungible tokens in one hand
The creators of tokens often flaunt a large number of token transactions, look, they use our token, although often it is simply transferring tokens between a pair of interconnected wallets - the token ecosystem is active, but the real owner is actually one...
3) Fake DAOs
An important part of a DAO is voting management - it is important to understand whether the voting will be real or just legitimizing the decisions of a couple of people. If a couple of people own almost the entire supply, it is not a DAO.
You will say, this is certainly cool, but going through a bunch of wallets will take a lot of time…
Bubble charts come into the picture
The best way to visualize token distribution is with a bubble chart; this will allow you to quickly see suspicious patterns.
In this tutorial we will put together a script that will chart the top 100 wallets by balance for any Jetton in the TON blockchain!
ENG LINK | RU LINK | Colab
I will be grateful for your support - every like and repost helps tell more people about the TON ecosystem!
Often in the crypto world, the words decentralization and smart contracts are just a shell for scam or, to put it mildly, dishonest schemes.
You can hear Do Your Own Research - do research, but an ordinary person, not a venture capital firm with a staff of analysts, cannot spend so much time on analysis.
What can be done?
Without canceling DYOR, we can try to find an indicator/dashboard that, with 20% of the effort to study, will give 80% of the result - information about the token.
What kind of indicator? - I propose to consider the distribution of the supply of tokens.
Let's look at the cases:
1) Manipulations with floor and NFT volume
NFT buyers often focus on floor (the lowest price of a collection) and collection volume - dishonest sellers influence these indicators by reselling NFTs between a pair of wallets.
If you display resales on a dashboard relative to the overall distribution, such manipulations will be immediately visible.
2) Concentration of 25% of fungible tokens in one hand
The creators of tokens often flaunt a large number of token transactions, look, they use our token, although often it is simply transferring tokens between a pair of interconnected wallets - the token ecosystem is active, but the real owner is actually one...
3) Fake DAOs
An important part of a DAO is voting management - it is important to understand whether the voting will be real or just legitimizing the decisions of a couple of people. If a couple of people own almost the entire supply, it is not a DAO.
You will say, this is certainly cool, but going through a bunch of wallets will take a lot of time…
Bubble charts come into the picture
The best way to visualize token distribution is with a bubble chart; this will allow you to quickly see suspicious patterns.
In this tutorial we will put together a script that will chart the top 100 wallets by balance for any Jetton in the TON blockchain!
ENG LINK | RU LINK | Colab
I will be grateful for your support - every like and repost helps tell more people about the TON ecosystem!