In the world of Crypto Assets, 'Decentralization' is often seen as a golden sign. However, the reality is often far from the publicity. Recently, someone claimed that their Crypto Assets project was 'completely decentralized', but when we investigated further, we uncovered shocking facts.

Through the analysis of the Bubblemaps tool, we found that the top five addresses of the project actually control 92% of the tokens. This highly centralized token distribution is completely contrary to the so-called 'Decentralization Autonomous Organization' (DAO) concept, and is more akin to the CEO control model of traditional companies.

Bubblemaps is like an X-ray machine for the blockchain world, clearly showing the token distribution of each project. It reveals the potential centralization behind many projects that claim to be 'fair launch' or 'community-driven'.

This case reminds us that in the Crypto Assets field, we should not blindly trust the promotions of project parties. Next time you hear terms like 'fair launch', it might be a good idea to use tools like Bubblemaps to check the token distribution. Large and concentrated 'bubbles' often indicate that the project may not be as decentralized as it claims.

In the blockchain world, data is the best evidence. Through this transparent on-chain data, we can better understand the true state of projects and make more informed investment decisions.