Governance Strength

The Governance Strength module evaluates Web3 projects' decentralization and governance using Centralization Scanning and Token Holders Analysis.

Centralization Scanning provides a wealth of information related to a project's contract. You have the option to switch between different addresses associated with a contract, view its token age, and identify the creator's address. Within the Centralization Scanning section, you can also explore issues like "Contract Uncertainty," "Owner Privilege," and "Trading Constraint." Hovering over these issues will provide you with detailed explanations.

The primary purpose of Centralization Scanning is to present data concerning centralization in a user-friendly and transparent manner. It acts as an early warning system, assisting users in pinpointing projects that may have significant centralization concerns. For instance, a substantial ownership percentage held by a single entity could be an indicator of a potential problem.

Token Holders Analysis focuses on the composition and behavior of a project's token holders. Let's break down the key aspects of this feature:

Token Holders: This metric reveals the total number of token holders for the project, including day-to-day changes.

Whale Movement Indicator: Whales in the crypto world are holders with substantial token amounts. This indicator shows how active whale wallets are in recent token transactions. (Whales are defined as holders with balances greater than or equal to 1% of the token supply).

Top 10 Holders Percentage: This metric calculates the percentage of tokens held by the top 10 holders, excluding burn addresses, creators, and known function/exchange wallets. It focuses on real user wallets to determine the concentration of token ownership, specifically by the ten largest balance holders.

Project Percentage: This metric represents the percentage of tokens held by the project's creators or owners.

Graphical Representation: On the right-hand side of the Token Holders Analysis section, you'll find a graph displaying day-to-day changes in token holdings among the project's token holders. This graph visually depicts fluctuations in token distribution.

Token Holders Analysis equips users with a deeper understanding of a project's token holder dynamics. By providing detailed metrics and visualizations, it enables users to make informed decisions based on the project's governance structure and token distribution.