Additional Info Re. Wallet Addresses
1. ITTY JURY (DAO) Wallet
We implemented a voting mechanism allowing holders to lock in their Itty tokens in the Itty DAO to vote on KOLs to be featured in songs. The locked $itty tokens all get deposited in the same DAO wallet.
While holders can withdraw anytime, most have been just leaving their tokens in there even in-between voting sessions.
Currently, over 14% of total Itty token supply sits in this wallet. We expect this number to go up because, going forward, we intend to expand the usage of this voting mechanism beyond song-related decisions.
2. Marketing Wallet
As a CTO, we are dependent on community’s donations to fund various marketing initiatives. Our marketing wallet therefore receives funds from other wallets quite frequently.
3. Two Raid Reward Pools
We have utilized two raid reward mechanisms that have created two webs of transactions tying dozens of wallets to each other.
We use either Raidar bot or Bonkfa ATM bot, which reward people based on their tweet-raiding performance. The CTO team (or members who donate) sends itty tokens to the raid rewards pool of the bot (controlled by the bot’s developer). The bot then distributes rewards from the rewards pool to those who earn it through raiding. We utilize this mechanism quite frequently, and very effectively. Many of our community members, including CTO team members, participate in these raids.