About Miso : Minimal Initial SushiSwap Offering

MISO is a suite of open-source smart contracts created to ease the process of launching a new project on the SushiSwap exchange. MISO aims to drive new capital and trade to the exchange by increasing the attractiveness of SushiSwap as a place for token creators and communities to launch new project tokens.

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> The Sushi community voted and the protocol listened and is now introducing a token launchpad.   > > The launchpad, called MISO, which stands for “Minimal Initial SushiSwap Offering,” is the latest product to arise from the community governance protocol that was built around the Ethereum-based decentralized exchange SushiSwap. It will be launched on May 20. > > Dan Kahan    May 19, 2021 , Thedefiant

Work Description

In this dashboard, we'll take a quick look at the level of user acceptance of tokens offered on the MISO platform in different blockchains and examine the volume of changes over the past few months from both perspectives of the number of tokens launched and the level of user engagement with them.

References

• MISO Github Repo

• MISO Gitbook Documentation

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Images Credit : sushiswap-org

Methodology

Based on the documentation and transactions performed in different blockchains, we found that it is possible to find token creation transactions based on the ‍LauncherCreated method and determine the addresses of new tokens based on that.

By finding these tken addresses, the rest of the analysis of how much users use these tokens can be easily determined using the base tables of each blockchain.

Overview of Token launched

As can be seen from the graphs, Polygan has launched the most tokens on MISO and this superiority has been maintained in different months. BSC is also in second place and, similarly to Polygan, has maintained its second place in recent months, although the number of launched tokens between these two blockchains has decreased significantly recently.

User Base

We measure the popularity of MISO tokens using two metrics, the number of transactions and the number of users, which are of course very similar. As you can see in the two charts created for this purpose below, MISO tokens are more popular on the blockchains Polygon and Ethereum than on other blockchains. The tokens introduced on Ethereum in the last few days managed to gain a lot of popularity among users, and it seems that they will be completely ahead of Polygan in terms of usage and user appeal in the near future.

A closer look at popular Polygon and Ethereum tokens

Let's take a look at what these popular Polygon tokens are. The five most popular Polygon tokens among users are listed below. Even in the Ethereum blockchain, where the transaction volume of MISO tokens has surged in recent days, only one token managed to become very popular among users, and that is the New World Order (STATE) token, which has more than 20,000 transactions in a few months.

Recent Trends

Two important points can be seen from the MISO token usage charts over the past few weeks and months:

• Ethereum usage has gained a lot of momentum in recent months and weeks due to the introduction of the New World Order Token (STATE) on this network.
• In general, Polygon users are significantly more active than other blockchains.

Miso Token Usage Over Time

In the last step, we want to check what has changed in the use of MISO tokens in the last months and weeks and if we can identify a particular trend among users, both in terms of number of transactions and number of users. The following charts show us these changes: