Miso User Base

-- How many users does it have across how many chains? -- Chart that by week and by month. -- Has the recent bear market affected that?

What is Miso and what problems does it solve?

MISO is the Minimal Initial SushiSwap Offering, think of it like an ICO platform for projects that want to launch their tokens on sushiswap and gain liquidity from possible interested investors.
MISO is beneficial for both projects, as it helps them get easy way to get liquidity, they can also create tokens for you, distribute tokens and manage liquidity for you.
All this comes for a small fee plus the benefit of being listed on Sushiswap.

Why should users use Miso?

The users have a chance to buy and support tokens of projects early at a very low price via MISO.
Since all the smart contracts are audited and open-sources, the users can have trust in the project that their investment is safe and will not have rug pulls.
They can also have all the information to the project's disclosed information to help them make better decision.
If the users are xSUSHI holders, they can benefit from all the swap fees, if the token becomes popular.

What are the alternatives out there for Miso?

There are a lot of alternatives out there that have been used in the past and are quite popular.
To name a few there are
- KuCoin
- DAO Maker https://daomaker.com/
- Firestarter https://firestarter.fi/
- GameFi https://gamefi.org/
- Seedify https://www.seedify.fund/
- Trustpad https://trustpad.io/
How is Miso going to do it differently from its competitors?
- This one thing different about MISO from the other competitors is the de-centralized nature and the SUHISWAP brand name.
- None of the other competitors are a DEX themselves, which means SUSHISWAP has a benefit that it can list the tokens on its website, which can give both users and projects a trusted way to liquidity.
- Also SUSHISWAP contracts already hold a huge sums of liquidity, they have an experienced team, so all in all this seems like a good idea.

Number of Users Across Various Chains

Overall April and May 2022 saw the highest number of users committing tokens to the MISO offerings.
This was specially true for the day of Apr 29, 2022 which saw about 15 Users committing tokens to offerings across various chains.
The week of Apr 25, 2022 saw the most number of users, i.e 60 committing tokens to offerings across various chains.
The month of Apr, 2022 saw the most number of users, i.e 160 committing tokens to offerings across various chains.

Daily

The highest number of users was April 29, 2022, 9 for Polygon, 6 for Ethereum and 1 for Avalanche.

Weekly

The highest number of users was week of April 25, 2022, 40 for Polygon, 15 for Ethereum, 4 for BSC and 3 for Avalanche.

Monthly

The highest number of users was month of April 2022, 110 for Polygon, 15 for Ethereum, 26 for BSC and 5 for Avalanche.

Methodology

The aim was to first find an example transactions of an offering being created and tokens being committed to the offering.
Went to the to find various offerings live and finished for Ethereum.
Found example transactions:
- Offering Creation 0x79a6e43a80bff6db671bfff8cbee46ac46d612c8ef282b1cb9ba1bc134890d38
- Token Commitment 0x6e5b522ebca252f40384bc23d9301723f10c4c3b3c58ab1bbe3439dc4df00bf4
This led me to the contract 0x7603a35af5cf10b113f167d424eb75bb7062c8ce used across various chains to initialize Miso Offerings
We then filter out Miso offering initialization transactions and find the contract_address that refers to the offering contract, this is where users will commit tokens, based on the following filters.
```
 and origin_function_signature = '0xfa18022c' -- prepareMiso
      and event_name = 'AuctionWalletUpdated'
```

We then look at all the transactions that transfer either ETH or Non-ETH tokens to these offering contracts using the following filters.

-- Non-ETH Tokens
    (
    		origin_function_signature = '0xdc97e082' -- commitTokens 
    		and event_name = 'Transfer'
    ) or 
  	-- ETH Tokens
    (
    		origin_function_signature = '0x29762960' -- commitEth 
    		and event_name = 'AddedCommitment'
    )

Repeat the same across various chains such as Ethereum, Polygon, BSC, Arbitrum and Avalanche.

Conclusion: Has Bear Market affected Number of Users committing to MISO Offerings.

Clearly April and May 2022 saw the highest number of users committing tokens to the MISO offerings, that is when the market was still strong.
Months after that starting with June 2022, we clearly see a decreasing trend in the number of users committing tokens to MISO offerings.
So yes, Bear Market has affected the number of users committing to MISO offerings.

flipside