21. [Elite] THORSwap Airdrop

    This dashboard looks at multiple metrics of the THORSwap airdrop, which airdropped the newly created THOR token to community members who wished to purchase it. Each address was limited to $300 worth of the token, in an attempt to lessen the effect of whales. THOR acts as a governance token, utility token, and proof of membership token for THORSwap. The airdrop began on November 1st, 2021, and the first graphic below looks at the different amounts of THOR users opted to purchase.

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    This pie chart looks at the amount of THOR users opted to purchase from the initial sale. As you can see, the options for purchase were either 300, 400, 500, or 600 THOR tokens. By far the most popular amount to purchase was 300 tokens, making up over 50% of the purchase amount. This is also the lowest amount one could receive, so it is possible users wanted to minimize their risk by not purchasing a large amount. Although, the second most popular amount to purchase was actually the highest amount, 600 tokens, which 20% of users purchased.

    This graph looks at the number of users that performed different actions with their airdropped THOR tokens. The actions looked at in this graph are providing liquidity to either the THORSwap or Sushiswap liquidity pools, swapping THOR for other tokens on Sushiswap or THORSwap, or just hodling /transferring their tokens to other accounts. By far the highest number of accounts decided to either hodl their tokens or transfer them, with 2084 of the total 2913 recipients doing this. The lowest number of users decided to provide liquidity to the Sushiswap liquidity pools, with only 22 users performing that action.

    This pie chart looks at the proportion of actions performed by airdrop recipients, excluding users that decided to hodl, as it greatly skews the statistics. The proportion of users who decided to swap on Suhiswap or THORSwap were by far the greatest and made up 93% of the actions performed. The number of users who decided to swap on either Sushiswap or THORSwap were about the same.

    This dashboard looks at the proportion of actions performed by airdrop recipients, including users who decided to hodl or transfer. As you can see, the proportion of users who decided to hold or transfer their tokens for outweighs all other actions, as 72% of addresses decided to hodl or transfer. One interesting thing that can be seen from this chart is that users do not seem to have a preference for swapping or providing liquidity on Ethereum/Sushiswap versus THORChain. The proportion of users who swap on THORChain or Sushiswap are each 13% and the proprtion of users who provide liquidty on THORChain or Sushiswap is each 1%.

    In conclusion, by far the greatest number of recipients of the THOR airdrop have decided to hodl or transfer their tokens, and those who aren't do not seem to have a preference for conducting their transactions on either THORChain or Sushiswap. It would seem that hodling their tokens was actually not one of the best options thus far, as the THOR price has tumbled from around $3 to about $1.50. By far the second most popular option was to swap their THOR for other assets, with about 25% of recipients opting to do this.