Mystiko is making fake data/insider trading and still insisting on being stubborn, I'll hit you in the head
- Mystiko-Vault Community Incentives: 0xBc…25d6 distributed 20 million XZK to 1,487 addresses via the Multisender app’s batch transfer feature on July 6
https://etherscan.io/token/0xe8fc52b1bb3a40fd8889c0f8f75879676310ddf0?a=0xbcaca26cea5e68c7265998ceaed97e8b29bc25d6
[The evidence that this address belongs to Mystiko-Vault Community Incentives comes from its official blog: https://medium.com/@Mystiko.Network/xzk-token-distribution-transparency-and-accountability-bff13317cdef]
- After receiving XZK, the 1,487 addresses packaged XZK into vXZK to qualify for the 2nd Airdrop
【The airdrop standards for 2nd Airdrop are:
① Galxe participants, on-chain interactions, Discord airdrop levels, and contributors;
② Exchange XZK to vXZK and hold it】
- These addresses have highly similar time and behavior patterns. Mystiko affectionately calls them "early contributors who have made multiple transactions within the network" and also lists two insider trading addresses for our reference.
The two addresses listed by Mystiko: 0x80...Bf8e and 0xda...77D4, are also among the 1,487 addresses.
https://debank.com/profile/0xda8fcec213d00331b95af2b386932242e6b377d4
https://debank.com/profile/0xc16595d71688daf844bfb54ba0ad63cc97912553
Let’s look at the same behavior pattern of “multiple transactions” for these two addresses:
(1) 1BNB was withdrawn from Binance on April 26, 2023, and then deposited into the contract: 0x7F...4C01
(2) Receive XZK from Mystiko-Vault Community Incentives -> Multisender app and get a lot of airdrops
[This is what is called an early contributor and has made multiple transactions on the network]
(3) Although there are differences in the number of airdrops claimed by these addresses with the same behavior pattern, most of them should exceed the level of normal users. For example, 0x80...Bf8e and 0xda...77D4 both received 9,073 XZK from Mystiko-VCI, and received 51,600 XZK and 60,000 XZK airdrops respectively.
(4) Other common behaviors of these thousands of addresses include receiving Gas funds from OKX or Bybit one day after receiving XZK.
(5) After receiving XZK on July 6, conduct fake interactive transactions on Polygon
I randomly selected a few addresses in this cluster, and you can verify it yourself. The behavior patterns and time logic inside cannot be said to be similar, but they are exactly the same.
https://debank.com/profile/0x9e2c009fd4c9730f59d84e64748cce8d8e373240?chain=
https://debank.com/profile/0x6c114bdfbf40ffb6f807c418196e1e851072628c?chain=
https://debank.com/profile/0xb9f5f503c15b9d5e08f1f0e9435508d3b930f4f4?chain=
https://debank.com/profile/0x7802795dc2e1275ea70fd3036db6c4b5514bf5d8?chain=
The essence of many project parties doing airdrops is to distribute chips to themselves in a so-called fair way. Mystiko's airdrop can be said to be a typical example. Combined with the on-chain data, I speculate that Mystiko's approach is as follows: in April 2023, prepare these thousands of addresses to accumulate false user data, raise funds, and then formulate airdrop rules that are beneficial to this group of rat warehouses, and then airdrop to this group of addresses that have interacted with the application. But the clumsy thing is to use the so-called official addresses and Multisender app that they have published for batch transfers. I am too lazy to install it...
Please Mystiko Network respond to these on-chain data one by one
Stop deceiving yourself and your users and investors
Note: Mystiko Network announced in March this year that it had completed a US$18 million seed round of financing, led by Peak XV Partners (Sequoia India), with participation from Samsung Next and Hashkey.
