Binary Holdings Chain Analysis

Claimed purpose: telecom incentive distribution
Chain ID 836 • 32.5M Transactions Analyzed
1
What's Happening on This Chain?
100%
Simple Transfers
0
Contract Calls
21K
Gas Per Tx
Every transaction is a basic native token transfer. No smart contracts, no DeFi, no NFTs — just BNRY moving between addresses at massive scale.
2
How Much Is Being Transferred?
🔬 Forensic Finding: Synthetic Activity Signature
32,492,035
Unique Values
32,492,245
Total Transactions

99.9994% of transactions have a unique value — only 210 duplicates in 32.5 million:

0.00001 BNRY → uniform distribution → 0.0001 BNRY

Real economic activity clusters around round numbers. This shows no round-number bias and perfect uniformity — the unmistakable signature of rand(), not human behavior.

Verdict: Programmatically generated test traffic or volume simulation
3
What Does It Cost?
6.57×
Gas exceeds transfer value
17,741 BNRY
Total Gas Burned
>
2,698 BNRY
Total Value Transferred
100% of transactions pay more in gas than value sent
50.4%
49.6%
Gas 1–10× value Gas 10–100× value
🏧
"It's like paying $65 in ATM fees to withdraw $10"
32.5 million transactions burned 17,741 BNRY in gas to transfer just 2,698 BNRY in value.
⚠️ Why This Doesn't Look Like Real Incentives
  • Random amounts make no sense. Real rewards are round numbers — "$5 off", "100 points" — not 0.0000527831 BNRY.
  • No batching. A real system would batch rewards into fewer transactions to save on gas.
  • Gas economics are absurd. Paying 6.5× more to distribute than the reward itself is economically irrational at scale.
More consistent with network stress testing, volume simulation, or activity generation than genuine reward distribution.
Methodology: Complete analysis of all 32,492,245 indexed transactions from recent chain activity. This represents a snapshot of ongoing operations, not the complete chain history.