Token analysis by Etherscan and Bscscan

[Vlt9]

I analyzed the token PROM address data on Etherscan and Bscscan. And a question arose to which I could not find an answer. The PROM token according to Coinmarketcap uses 2 networks, Ethereum and BSC. According to Etherscan, the number of token holders is 2322, according to Bscscan-4140. So the total number of holders 6462? But on Coinmarketcap, the number of holders of the PROM token is taken from the Ethereum-2322. And both services have a different number of key holders with different shares of tokens in ownership. How will such data from different networks (as in this case, from etherscan and bscscan) be handled correctly during analysis? Sum them up or one of the networks includes data from another network? Thank you all in advance for your constructive response.

[vv181]

According to Etherscan, the number of token holders is 2322, according to Bscscan-4140. So the total number of holders 6462?

If you are trying to find unique token holders, there is a chance that some addresses are having the token on both networks.

How will such data from different networks (as in this case, from etherscan and bscscan) be handled correctly during analysis? Sum them up or one of the networks includes data from another network?

I think the most suitable scenario is dependent on what are you trying to analyze. So I believe it is better to collect all of the holders on each network into one database, thus you have the flexibility to analyze the data depending on what you need.

[Bttzed03]

I don't know what your objective is but I would first combine the number of holders and also the circulating supply from both networks then compare it with their tokenomics. Second is how would the devs handle the liquidity and their future plans for each blockchain.

[Vlt9]

vv181, Bttzed03 thanks a lot for your thoughts

[vv181]

~I assume CMC has not entered the bsc data holder into the database because the data holder is not added to the bsc holder in the PROM holder list.

AFAIK, CMC only gather the data on the ETH network, they didn't aggregate the token holders on various networks. You can see on various other top cryptocurrencies, they also only listed the data on ERC20.

[X-ray]

I analyzed the token PROM address data on Etherscan and Bscscan. And a question arose to which I could not find an answer. The PROM token according to Coinmarketcap uses 2 networks, Ethereum and BSC. According to Etherscan, the number of token holders is 2322, according to Bscscan-4140. So the total number of holders 6462?

That's correct. that means there are some people are still staying at ethereum network and there are others that are still staying at bsc network. The total from both of blockchain = total token holders of prom token.

But on Coinmarketcap, the number of holders of the PROM token is taken from the Ethereum-2322.

It's only taken from ethereum and bsc is not yet counted. You need to calculate that manually to get the real total address of prom token.

And both services have a different number of key holders with different shares of tokens in ownership. How will such data from different networks (as in this case, from etherscan and bscscan) be handled correctly during analysis? Sum them up or one of the networks includes data from another network? Thank you all in advance for your constructive response.

Sum them up. Total token holders exist = total token holders from the various blockchain if the project used the multiple blockchain. Both are different entity.

[maartenhaha]

But on Coinmarketcap, the number of holders of the PROM token is taken from the Ethereum-2322.

It's only taken from ethereum and bsc is not yet counted. You need to calculate that manually to get the real total address of prom token.

To know the number of holders with two different network entities need to be calculated manually, even though one wallet has one token from 2 different networks but you collect that 80% of the total holders are unique.

[el kaka22]

I wouldn't really trust CMC to be up to date all the time. They do take the data from the networks but they take the data from there, they are not the data itself, whereas networks are the data itself which you can check from the scan websites. That's what I believe will be the difference, CMC will show the correct amount eventually, just not right away. This is why I believe that bscscan and etherscan are the correct ways to see the number of holders. Also, I would like to add that checking the holders means nothing.

I could just send 1 of my token that I created to 10k+ different addresses and look like I have 10k+ holders, which many projects actually do, so it means absolutely nothing. If you really want to invest into something decent, look at the proper roadmap and team and other data, not the holder count or anything that can be altered.

[Vlt9]

I could just send 1 of my token that I created to 10k+ different addresses and look like I have 10k+ holders, which many projects actually do, so it means absolutely nothing.

Good idea, I didn't think of that, thanks.

[noormcs5]

I could just send 1 of my token that I created to 10k+ different addresses and look like I have 10k+ holders, which many projects actually do, so it means absolutely nothing.

Good idea, I didn't think of that, thanks.

Other than this, if you want to see how many users are actually using the token or are interested in the token, then you should follow their social media handles. If you find many followers on telegram, twitter etc there is likely chance that the project will grow and price of the token or coin will increase. Remember all of this is speculation. First you should study the project, find about their team and read the whitepaper etc.

Also there are some sites which may help you with the fundamental analysis of the coin or can warn you about the potential rug pulls. One of these site is https://tokensniffer.com/ and there are many more too.