Introduction:

Algorand has always strived to be an environmentalist. It has also carried out charitable activities for tree planting. The address of wallet that belong to tree planting organization is announced that they reached 200k Algo, recently.

In this investigation, the daily amount of donation to this wallet is calculated. After that, the outflow of Algo from this donation wallet is analyzed. It should be cleared that are the destination addresses belong to centralized exchange (CEX) or not?

Reference and tips:

• Twitter

• Donation Wallet Address: 2XBL47CKYWTNAIVUQCTAMFBL75EXXRT3TBG2ZK7SOG7MDBER7Q3XNL77XQ

The daily donation to tree planting wallet is shown in this figure. According to this figure, the donation was started since Nov 24, 2021 and remains until today. Several peaks are happened as demonstrate in the figure. The maximum volume of donation happened on Jan 27 with 67.1k Algo. In the second place, Dec 6 , 2021 had 59k volume of donated Algo to tree planting wallet. From the last days of January, the average volume of donation is risen as can be seen in the figure.

Now, the question is: what the organization do with donated Algo? Has the donation wallet sent any of the ALGOs anywhere?

This table shows the Algo sent by donation wallet to other addresses. As shown in this table, only 2 times Algo is sent to another wallet and both of them happened on March. The destination wallet is consistent but the amount of Algo is changed. First time send 40k and second time 100k, respectively.

Additionally after analyzing the destination address, هt has been determined that this wallet does not belong to centralized exchange(CEX).