After flipping through the unlock records all night, I found it clear who is "naked swimming".
Previously, I chatted with a friend who said that now when looking at projects, he no longer checks the white paper, but directly goes to TokenTable to pull the unlock records. I laughed at him for being pretentious until I tried it myself last month.
That night, I was bored and went through several ecological TGE projects from start to finish. I wasn't looking at prices, just one thing—whether the unlock time points matched the actual transfer records.
The results were quite interesting. In some projects, the white paper states "team locked for 12 months", but when pulling the on-chain ownership table, there were internal addresses transferring to exchanges on the 13th day. Whether you call it "operational needs" or "liquidity management", that on-chain record cannot be changed; it's obvious who is naked swimming.
Conversely, there are also projects where, from seed round to TGE, all release nodes are precise to the hour, exactly matching what is written on the Sign. You can see the transfer paths of each ownership, and even calculate which investors have not sold when due and which addresses are truly staking.
The fascinating thing about this is—it turns "character" into "verifiable data". In the past, project parties would pat their chests and say "we are long-term oriented", and you could only choose to believe or not believe. Now you don’t need to believe; just pull it on-chain, and they can’t change it even if they want to.
Some say Sign is just a token distribution tool, but I think that’s the wrong way to look at it. It’s more like a public payroll system for Web3. By using this ledger, project parties are essentially binding themselves to the chain for everyone to see. If you don’t dare to use it, it makes people think even more.
Now covering hundreds of projects, these data piled together create a living map of "who is reliable and who is not reliable". In the future, when the market talks about "unlock dumping", one might first need to ask—if they want to sell, does the chain allow them to sell?
This accounting gets more interesting as it goes. @SignOfficial #Sign地缘政治基建 $SIGN
Previously, I chatted with a friend who said that now when looking at projects, he no longer checks the white paper, but directly goes to TokenTable to pull the unlock records. I laughed at him for being pretentious until I tried it myself last month.
That night, I was bored and went through several ecological TGE projects from start to finish. I wasn't looking at prices, just one thing—whether the unlock time points matched the actual transfer records.
The results were quite interesting. In some projects, the white paper states "team locked for 12 months", but when pulling the on-chain ownership table, there were internal addresses transferring to exchanges on the 13th day. Whether you call it "operational needs" or "liquidity management", that on-chain record cannot be changed; it's obvious who is naked swimming.
Conversely, there are also projects where, from seed round to TGE, all release nodes are precise to the hour, exactly matching what is written on the Sign. You can see the transfer paths of each ownership, and even calculate which investors have not sold when due and which addresses are truly staking.
The fascinating thing about this is—it turns "character" into "verifiable data". In the past, project parties would pat their chests and say "we are long-term oriented", and you could only choose to believe or not believe. Now you don’t need to believe; just pull it on-chain, and they can’t change it even if they want to.
Some say Sign is just a token distribution tool, but I think that’s the wrong way to look at it. It’s more like a public payroll system for Web3. By using this ledger, project parties are essentially binding themselves to the chain for everyone to see. If you don’t dare to use it, it makes people think even more.
Now covering hundreds of projects, these data piled together create a living map of "who is reliable and who is not reliable". In the future, when the market talks about "unlock dumping", one might first need to ask—if they want to sell, does the chain allow them to sell?
This accounting gets more interesting as it goes. @SignOfficial #Sign地缘政治基建 $SIGN