127 [Terra] LBP Analysis

    Intro

    Angel Protocol recently introduced its native HALO token and held events using StarTerra, Apollo Community Farming event and a Liquidity Bootstrapping Pool to allow users to purchase the token.

    Why $HALO exists?

    Angel Protocol created the world’s first Decentralized Autonomous Non-Profit Organization (or DANO), whose governance will be driven by its native token, $HALO.

    Angel Protocol exists to empower charities with financial freedom. $HALO holders have a voice and ownership in the DANO. $HALO stakers play a critical role in identifying which charities will be included in indexes and receive automated donations, while also signalling support and increasing a charity’s visibility within the Charity Marketplace.

    Launch Vehicles

    Here are the various launch vehicles leveraged by Angel Protocol so far:

    Apollo Community Farming

    • Purchase Price: $0.05
    • Qty: 60M
    • Terms: 6-month cliff, 6-months daily vesting

    StarTerra

    • Purchase Price: $0.05
    • Qty: 20M
    • Terms: 6-month cliff, 6-months daily vesting

    Liquidity Bootstrapping Pool

    • Purchase Price: Defined by participants
    • Qty: 80M
    • Terms: Available immediately

    Data Analysis

    Total Participants

    We have 5844 users who participated across all the three events.

    > NOTE: The query shows 5844 but the single-number widget only displays 5840 for some reason which seems like a bug.

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    Here is the complete list of participants along with which event/events they participated in. Here's how to read the "Events" column:

    1. STT - StarTerra
    2. CFE - Apollo Community Farming Event
    3. LBP - Liquidity Bootstrapping Pool

    Looking at the number of participants in each event, StarTerra is ahead of everybody with 55% of the users participating in this event. LBP had the least participation with 13.5% of the users.

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    Only 1% of the users participated in all three events

    Now, we're looking at the number of events users participated in. As expected most of the users participated in only one event.

    The number of users who participated in all three events was 3!

    LBP Involvement

    Now let's look at how Apollo CFE and STT participants involvement in the LBP event.

    Apollo Farmers love the LBP!

    • In the above charts, we saw that only ~31% of total participants participated in the Apollo Farmers event but looking at the share of "Buy" transactions in the LBP, Apollo farmers dominated at ~65%.
    • STT participants who were #1 on the share of participants only accounted for ~27% "Buy" transactions. When comparing the amount spent, STT participants did sligtly better at ~31% if the UST spent for buying $HALO.

    The participants of both the programs had the least amount of transactions but did almost 2x on the amount spent on buying HALO. I suspect these are whales that were looking to spread their capital in as many places and maximize how much HALO they acquired.

    Amount of HALO bought and HODLed

    The total amount of HALO bought shows a similar pattern as the amount of UST spent on buying HALO i.e. Apollo farmers are ranked #1, STT participants #2 and participants of both programs are ranked #3.

    By looking at the amount of HALO sold per category of users, we see a different pattern!

    We see that the Apollo + STT participants held on to the most number of HALOs while the other two groups had significant selling volume.

    > NOTE: the colors are reversed in the bottom chart compared to the upper chart. Please use the legend to identify the cohorts.

    Conclusion

    • Overall, most users participated in the StarTerra launch while Apollo farmers participated the most in the LBP event.
    • The participants in both the Apollo community farming event and the StarTerra event HODLed the most amount of HALO tokens from the LBP event.