Introduction

• In this analysis, You will read about the HASHFlow airdrop. After a long time, Finally Users could claim their HashFlow Airdropn on November 7. I analyzed The $HFT distribution since November 7. Also, We want to know Hashflow Users better.
• How many users claimed their Airdrop?
• How many tokens are claimed by users?
• what was user balances and type?
• Which platform did they use since January?

Analyzed by Hess - Reading Time Almost 8 Min.

Method

• There are two Contract addresses related to Hashflow Airdrop. One is HFT token contract address which is 0x1A9a4d919943340B7E855E310489e16155F4ED29 and the Hashflow address which distributed token 0xb3999f658c0391d94a37f7ff328f3fec942bcadc. I used these two contract addresses in ethereum.core.ez_token_transfers. To analyze better, I drew a chart based on the hourly time frame.

Hashflow Users Journey on Web3

:chart_with_upwards_trend: key insights:

• DEXs were the top popular platforms that Hashflow users used before the Airdrop. Dapps were the second most popular platform that Hashflow users used.
• Uniswap, 1inch, and Opensea are three popular platforms that Hashflow users interacted with.

:bar_chart: Charts:

• It’s time to know Hashflow user’s activities better. Based on the daily share of transactions, About 30% of daily transactions by Hashflow users were on DEXs. Until May 30, About 17-20% of transactions were on NFTs. Dapp’s share was 10% at the beginning of the year. But over time, The daily share of dapps increased up to 40%.
• Overall, 1inch, Uniswap, and Opesea are three popular platforms that Hashflow users interacted with. Over time, Opensea transactions decreased. Uniswap had the highest growth among Uniswap users. The other platform that had the highest growth was Coinbase with 41K transactions by Hashflow users.

$HFT Token

HFT is the governance token for the Hashflow protocol. It will be a token deployed on the Ethereum mainnet and BSC.

At Genesis, the total HFT supply will be 1,000,000,000 Tokens, and the Initial Circulating Supply is 175,229,156 HFT (17.52% of genesis token supply)

HFT distributed as follows:

19.32% (193,200,000 HFT) to the Core Team

25% (250,000,000 HFT) to Early Investors

2.5% (2,500,000 HFT) for Future Hires

53.18% (531,800,000 HFT) for Ecosystem Development

The 53.18% distributed as follows:

18.54% to Partners

13.08% to Rewards

🔸NFTs/Rake Rewards/Exchange Distribution

9.54% for Future Rewards

7.50% to Designated Market Maker Loans

2.52% to Vendors/Early Service Providers

1.00% to the Community Treasury

1.00% for Hashverse

What is Hashflow?

• Hashflow is a decentralized exchange designed for interoperability, zero slippage, and MEV-protected trades. It allows you to trade any asset on any chain in seconds simply by connecting your wallet.

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What is an HFT token?

HFT is the governance token for the Hashflow protocol. It will be a token deployed on the Ethereum mainnet and BSC.

Hashflow governance will follow a vote-escrow (ve) token model where voting rights are determined based on the amount of HFT staked as well as the duration for which HFT is locked.

$HFT Price

I couldn’t find HFT token prices in the Flipside table.

:moneybag: Based on the Coin market cap website, The $HFT price was 2.5$ when listed on Coin Market Cap. However, I have seen some higher prices on Binance and Kucoin.

• At this price, Users Couldn’t claim any tokens. When they were able to claim their tokens, The HFT price decreased to 1.5$.

A Summary of the Most Important Findings

• The $HFT token price was almost 1.5$ when users could claim their tokens. Rapidly, After two-three days, The $HFT price dropped to 0.5$.

• Until November 15, Nearly 16.2K Unique wallets claimed 53M $HFT tokens.

• The average HFT token per user was 3220 and Median HFT was 584.

• The highest claim was 1.69M Tokens and the lowest claim was under 1 HFT. I wonder why even a user paid more than 4$ fee to claim a token under 1$.

• Overall, Users Paid 76 ETH which is worth 114K US dollars for Fees. The average fee in USD is 4.8$.

• Almost 2% of users were whales and 98% of users were normal users.

• The large group of user balances is 10-100$ dollars.

• Only 13% of users hold their tokens. 7% of users swapped directly and 79% of users transferred to other wallets.

• It seems most of them swapped their tokens with their second wallets.

• The highest number of HashFlow users used DEXs and dapps.

• 1inch, Uniswap, and Opensea are three top platforms that Hashflow users used over tie.

Full Analysis

$HFT Airdrop

:chart_with_upwards_trend: key insights:

• The total number of unique users that claimed HFT tokens was 16.2K wallets.

• Half of the users claimed their tokens in the first two hours.

• Nearly 53.8M $HFT amount claimed by users.

• 38M of $HFT tokens were claimed in the first two hours.

:bar_chart: Charts:

These days, Users have enough experience with previous Airdrops. They know when a token is launched, too many users would sell their tokens. The selling pressure causes a drop in price. So, They try to claim their tokens as fast as possible.

• Overall, Nearly 16.2K unique users claimed 53.8M tokens. In the first two hours, 8.7K users ( Half of the total) claimed their $HFT. Also, 38M HFT ( More than half) was claimed in two hours two. The claiming process continues until now. On the first day, 12.7K unique wallets claimed 48M HFT tokens.

:chart_with_upwards_trend: Key Insights: Average Per user: 3220 HFT - Median HFT: 584 HFT - Highest HFT amount: 1.69M HFT

:bar_chart: Charts:

• It is interesting that a user claimed 177K HFT before anyone else. Probably, This user could sell its HFT tokens at the highest price. The highest amount of HFT tokens was claimed after three hours. The average HFT tokens per user in the first hours was 1.7K-2500. The average and median HFT tokens decreased over time. Another interesting thing in this chart is that a user with 250K HFT tokens claimed after three days from launch. Probably these users lose 200K US dollars. In the first hour, The token price was 1.3$ but when this user claimed its tokens, The HFT price was around 0.5-0.7$.

:chart_with_upwards_trend: key insights:

• The highest claim fee amount paid by users on November 7 at 14 PM was 40 ETH.
• The highest Fee was 22 US dollars and the lowest fee was 2.3 US dollars. The average fee in USD was 4.8$.

:bar_chart: Charts:

• Overall, Users paid 76.8 ETH which is worth 119K US dollars for claiming $HFT tokens until November 11. The average fee in USD paid by users was 4.87 US dollars. There were some users that paid up to 22$. In the first hour’s fee was around 10$ but over time the average fee decreased to 2-3 US dollars.

THANK YOU FOR READING!

ALL CODES AND CONTENTS WERE WRITTEN BY HESS.

:bird: Twitter: @hessaminanloo

:flying_disc: Discord: hess#0890

:calendar: Analyze Date: 2022/NOV/11

Hashflow Users Balance

:chart_with_upwards_trend: key insights:

• The large group of users had 10-100$ in their balance. Among Users, 316 wallets had more than 100K in their wallets. I called them whales. 1.95% of users were whales and 98% of users were normal Users.

:bar_chart: Charts:

• I analyzed the HASHFLOW user balances. Most users hold USDC, USDT, and ETH in their wallets. The large group of users ( About 5.6K ) had 10-100$ in their wallets. The second large group of users had 100-1K US dollars in their wallets. There were more than 316 unique wallets with more than 100K US in their wallets. 1.95% of users were whales and others were normal users. It is interesting that among the top 10 tokens in Hashflow balances, 7 of them were stablecoins.

What Did Users do with their HFT tokens?

:chart_with_upwards_trend: key insights:

• 13.9% of users hold their tokens. 7% of users swapped their HFT tokens directly. 79% of users transferred their tokens to another wallet.
• 79% of users that transferred their tokens to a second wallet, Most of them used the Hashflow platform to swap their tokens.
• About 4 wallets claimed

:bar_chart: Charts:

• We already know that the average HFT tokens per user were 3.2K But there were some users that claimed more than 1M HFT tokens. The top 10 users claimed more than 500K $HFT tokens. These top wallets claimed nearly 6M HFT tokens.

• I analyzed Hashflow activities when they claimed their Airdrop. I found out 2278 Unique wallets hold their $HFT tokens in their wallets. 1152 unique wallets swapped their tokens directly. Others ( 12.9K of users) transferred their tokens to other wallets.

• It seems most of the users used the Hashflow platform to swap their HFT tokens. After Hashflow, About 817 unique wallets used Uniswap. The third popular platform was 1inch. More than 300 unique wallets used 1inch to swap their tokens.

Fees

Conclusion

:speech_balloon: Goevernence tokens or other tokens are popular for users and platforms. Platforms can invest in themselves and Users can earn real money from their efforts. Some of them are successful and some of them are not. Some of them distribute their tokens fairly and some of them do not. It’s too soon to talk about $HFT tokens. Some people say they distributed unfairly and caused the drop in price. Whatever it was they launched their tokens. Right now HFT token price is around 0.4. After three months we can say whether they were successful or not.

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