$BETA is the NBA Top Shots Rookie Debut Meme Coin. There will be only be 10,000,000,000 $BETA Ever.

The Flow Blockchain and Its Advantages

The Flow blockchain serves as the backdrop for the emergence of $BETA. Launched few days ago, The NBA Top Shot team utilizes Toucans, a platform built entirely on Flow. Flow offers a near 'gas-less' transaction experience, enabling users to engage in various activities without incurring high gas fees. As a proof-of-stake blockchain, Flow provides a foundation for Web3, supporting decentralized applications, NFTs, DeFi, DAOs, and more. At the core of Flow's ecosystem lies the FLOW token, serving as the native currency for staking, transaction fees, and asset trading.

Toucans - Empowering Digital Communities

Toucans, the first fungible token creation and management platform on Flow, plays a pivotal role in the $BETA ecosystem. Designed as a no-code solution, Toucans empowers digital communities to leverage the power of human-centric coordination. With Toucans, anyone can create their own fungible token on the Flow blockchain, unlocking a world of tokenomics possibilities. This platform serves as a catalyst for $BETA's growth and adoption within the Flow ecosystem.

Wallets and Token Acquisition

To participate in the $BETA ecosystem, users need a compatible wallet such as Blocto or Lilico. These wallets provide a secure storage solution for $BETA tokens. Users can acquire $BETA tokens through Increment Finance, a platform that facilitates token swapping.

To conduct a comprehensive analysis of $BETA, we utilized data from various sources within the Flipside Crypto data ecosystem, primarily focusing on the following metrics:

• Donations to the Project through Toucans: We examined the donation activity directed towards the $BETA project through the Toucans platform. This provided insights into the community's support and engagement with the token's development and growth.

• Holders of $BETA Token and its Evolution: By analyzing the data from the ez_token_transfers table, we tracked the evolution of $BETA token holders over time. This allowed us to identify trends in user adoption, liquidity, and potential investor interest.

• Transfers In and Out: We analyzed the transactional data from the ez_token_transfers table to understand the movement of $BETA tokens between different wallets. This analysis helped us gauge the token's liquidity dynamics and identify patterns in token circulation.

• Swapping from and to $BETA Token and Generated Fees: The ez_swaps table provided valuable insights into the swapping activity involving $BETA tokens. We examined the volume and frequency of swaps involving $WOLF, along with the associated fees generated from these transactions.

• LP Activity in FLOW-BETA Pools: We closely examined the activity within the liquidity pools involving $BETA, specifically the FLOW-BETA pair. By analyzing data from the ez_swaps and fact_hourly_prices tables, we monitored LP activity, including changes in liquidity, trading volumes, and price movements.

• Evolution of Total Value Locked (TVL) and Revenues for LPs: Utilizing data from the fact_hourly_prices and ez_swaps tables, we calculated and tracked the Total Value Locked (TVL) in FLOW-BETA liquidity pools. Additionally, we analyzed the revenue generation for LPs by considering the 0.3% fee on trades and its impact on LP earnings over time.

By combining these metrics and conducting a thorough analysis using Snowflake SQL code, we were able to derive insights into the fundamental aspects of $BETA, its community engagement, liquidity dynamics, and revenue potential. This data-driven approach provides a solid foundation for understanding the token's current valuation and future growth prospects.