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Try Quests to earn crypto

Try Quests to earn crypto

Stargate Fishes and Whales (Hot on ETH Week Day 4)

1 billion Stargate tokens were minted at genesis and will be the entire finite supply of STG. Define the terms fish and whale in terms of Stargate token ownership (in your opinion). What proportion of users fall into each of the categories you defined (fish and whale).

Introduction

In the Omnichain DeFi, Stargate is a fully composable liquidity transportation protocol. Through the usage of Stargate's universal liquidity pools, users and dApps can instantly and definitively transfer native assets between chains. With Stargate, the universe is your oyster.

Method

Categories:

Whale: wallets holding more than 10M Stargate tokens categorized as whale
Fish: wallets that their balance was between 1M to 10M categorized as Fish

For this we used from the new ethereum_core data

Analysis

Conclusion

Whales held more than 940M of Stargate token and are about 94% of wallets are whale in this category.
Fishes held less than 61M of Stargate token and are about 6% of wallets are fish in this category.

Discord: 0xHaM☰d#8391

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