According to token economics in a broad sense, after a project is launched, there will be a storage period of 1-2 years, after which large-scale token unlocking will take place. So how do we know the flow and distribution of a token after it is unlocked?
The money flow of Watchers, a product under 0xScope, can help users clearly understand the current status of the project's token distribution through the flow of funds.
Let’s take 1inch as an example.
1. Find the contract address
First, we need to find the contract for token unlocking. There are several ways to do this. The first is to go to the official website's document to query the corresponding token unlocking contract. Of course, this is the most ideal situation. Most of the time, we cannot find this information directly. So let us introduce the protagonist of this issue - Watchers' powerful money flow function.
The second method uses the token browser function on the Watchers homepage. Find the token rankings in the wallet explorer. Based on the displayed Top EOA address holdings, there will be a ranking list. We can find the top addresses and find addresses with particularly regular token quantities. These are generally our initial targets. (As shown in the figure below, the EOA address has 12 million tokens)
Then expand forward based on this address to find the token address where 1inch was initially distributed, and you can find the final goal - a multi-signature wallet of the 1inch foundation.
The third method is to directly enter the null address in the money flow and find the suspicious target from the outflow address.
Second, explore the subsequent flow
After finding the token distribution contract, you can check the subsequent outcomes. The following figure is a global flow diagram of money flow.
It can be seen that 1inch distributed 1.5 billion tokens at the beginning, and these tokens were distributed to this batch of addresses through contracts. Of course, this does not mean that they can be circulated directly. For example, a certain address may be an investor, and they will receive a portion of tokens regularly according to the address, such as the address at the bottom of the picture.
It can be seen that 46.66 million 1inch tokens were transferred at the beginning. We can divide 46.66 million by the total issuance of 1.5 billion to get an approximate distribution ratio.
By clicking on the subsequent money flow, we can see that the address has withdrawn some tokens in batches in June and December, accounting for exactly one-third of the 46.66 million tokens. Based on this, it can be inferred that in June next year, the address may withdraw the remaining one-third of the tokens.
We continued to track the money flow diagram and finally found that this was Amber’s address, and Amber happened to be a Series B investor of 1inch. All of this was very clear at a glance through 0xScope Watchers.
It can be seen that if we only look at a single transaction, it is difficult for us to form a complete flow analysis diagram in our minds. As a knowledge graph product, 0xScope Watchers can help users unravel the complex transactions and form a logical and clear mind map of funds. This will greatly save the time and energy of researchers and users, and can also give everyone a richer and more comprehensive research perspective.