Flipside Algorand Wallet Behavior
This dashboard looks at wallet behavior associated with wallets that have been paid a Flipside Algorand bounty payout
Introduction
Flipside bounty programs incentivize community analysts to contribute to data-driven insights into blockchain projects. That is a community-driven analytics process that blockchain projects can take advantage of.
However, the programs have other significant implications. They familiarize the community with projects and remove obstacles to the adoption of new projects for many people.
This dashboard focusing on Flipside-Algorand bounty program investigates wallet behavior associated with wallets that have been paid a bounty payout.
Assumptions
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Any sent payment transaction from the Flipside algorand bounty payout wallet and aunder 10,000 ALGOs are assumed to be a bounty payout.
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The purpose of creation of wallets who their creation date is less than 45 days before the first payment is for participating in the bounty.
As can be seen, about %91 of wallets have been created less than 45 days before the first payments. We can assume that these wallets have been created to answer flipside algorand bounty questions.
Accounts and Balances
The graph below shows the distribution of current balances of wallets that have been paid out by Flipside.
We can see from the graph, what percent of each wallet’s ALGO holdings are from bounty payouts.
The 'more than 100%' bar shows the number of wallets that the amount of Algo they hold is less that what have been paid so far.
The graph below shows the percent of flipside bounty wallets that hold the top 10 assets.
The graph below shows the distribution of number of applications users have interacted with.
we can see that the largest group of wallet are those who have interacted with three applications.
Conclusion
The data shows that:
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the large portion of participants in Algorand bounty program created wallet because of the participation in this program.
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the considerable amount of Algo distributed among Bounty participants held in the participant's wallets.
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those wallets also expanded their interacting with the Algorand ecosystem and being involved in other Algorand tokens.