The day before yesterday, Dog Mom posted a new article on her blog ( https://kabochan.blog.jp/archives/53553858.html ), adopting a new dog and collaborating with the Own The Doge community to launch the official token $cocoro, deployed on the BASE chain, with the contract address 0x937a1cFAF0A3d9f5Dc4D0927F72ee5e3e5F82a00.

Since the publication of this article, the price of the token has been rising, with the market cap exceeding 100M within an hour. This article will explain various operations of the dev on the chain step by step.

1. How to Verify the Distribution of Token Economics

We can see the token economics of $cocoro in the official Twitter of the Own The Doge community, where 75% is added to LP, 20% is for community airdrop, and 5% is for DAO reserves.

When we see the above token economics, how can we verify if the dev has distributed it correctly according to the token economics?
The commonly used tools have limited support for the BASE chain, and currently, the best and easiest tool for checking the changes in the liquidity pool is okx.
We open the okx web version, input the $cocoro CA ( https://www.okx.com/zh-hans/web3/detail/8453/0x937a1cfaf0a3d9f5dc4d0927f72ee5e3e5f82a00 ), and in the [Liquidity Pool Changes] section, we can see all the add and remove operations. By sorting the [Time] in ascending order, we can see the first two add operations, each adding 375M of $cocoro to the unilateral pool. The amounts of these two transactions exactly match 75%, consistent with what is described in the token economics.

In the [Holding Address] section, we can see the holding situation of the addresses, where the second-ranked address had a holding of 25% when it was just launched, which aligns with the 20% community airdrop and 5% DAO reserves in the token economics. The second-ranked address shows a holding of 26.38%, which is more than 25% because the dev received the fees from adding to the pool, resulting in more tokens.

2. How to View the Dev's Operations

Several commonly used tools have average performance in recognizing and operating the dev address on the BASE chain, so we can analyze it using a block explorer.

1. Find the Dev Address

Open the block explorer and input the $cocoro CA ( https://basescan.org/address/0x937a1cfaf0a3d9f5dc4d0927f72ee5e3e5f82a00 ), in the [More Info] section on the homepage, we can see the contract creation information, including the dev address, the transaction hash for token creation, and the funding source address. From the image, we can see that the dev address is 0x319C399d3D7d7A2972a6A59646A060Bb29d82A29

2. View the Dev's Operations

In the block explorer, input the dev address 0x319C399d3D7d7A2972a6A59646A060Bb29d82A29 ( https://basescan.org/address/0x319c399d3d7d7a2972a6a59646a060bb29d82a29 ), open the [Token Transfers (ERC-20)] section, and only look at the transactions where the [Token] column is "ERC-20: Cocoro." From bottom to top, each transaction is as follows:
a. Create the token and mint 1B tokens
b. Transfer 1 token to a test address to verify that the function works correctly (indicating that the dev is still very cautious)
c. Transfer the 1 token back from the test address to the dev address
d. Two transactions each added 375M tokens to the unilateral pool (corresponding to the add pool section in Chapter 1)
f. Transfer the remaining 250M tokens to address 0x735A2Ea69997e668dD0f4b2a30fFa9f01e045072

3. Check LP Ownership

Adding a pool in Uniswap V3 will automatically mint an NFT, which records the details of the pool. Owning this NFT means owning the corresponding pool, and the ownership of the pool can be transferred by transferring the NFT. Locking the pool is also done by operating on the NFT.
In the previous section, by opening the [NFT Transfers] section of the dev address, we can see the transfer situation of the NFT. From bottom to top, each transaction is as follows:
a. The bottom two transactions are adding unilateral pools, minting the corresponding NFTs, compared to transaction d in the previous section
b. Two transactions transferring the NFTs of the two pools to address 0x735A2Ea69997e668dD0f4b2a30fFa9f01e045072

For the two transactions in a, we can open any one of them to view the transaction details and obtain the NFT's Token ID. For example, opening the last transaction in the image above ( https://basescan.org/tx/0x12efd530c4245216596993c780075770484622cd68e9cd85e18497bf93bacd81 ), we can see that the dev transferred 375M tokens to an address, but did not transfer weth, indicating that this is an added unilateral pool, not a bilateral pool. In the lower part, we can see that the Token ID of the NFT corresponding to this pool is 2256046, as shown in the image.

Similarly, we can check that the Token ID of the NFT corresponding to another add pool transaction is 2256052.

4. Verify if the Pool is Locked

The official Twitter of the Own The Doge community mentioned that 75% of the LP is permanently locked, so how can we check if it is locked? From the previous section, we know that the dev transferred the ownership of the pool to address 0x735A2Ea69997e668dD0f4b2a30fFa9f01e045072, so we need to check if this address has any locking behavior.
In the block explorer, input this address (https://basescan.org/address/0x735a2ea69997e668dd0f4b2a30ffa9f01e045072), and check the transactions in the [Transactions] and [Token Transfers (ERC-20)] sections. No transactions related to locking the pool were found, indicating that the locking mentioned in the official Twitter has not been done yet. We only see a transaction for receiving fees ( https://basescan.org/tx/0x316d0ea27ae38fd33b694e2bb444c5ec1567a56b7e4b403ec257d3c0ccb1a124 ), with the received fee valued at around 1.7 million USD.

3. How to View Detailed Information of LP

From the above, we know that the dev initially added two unilateral pools, so how can we view the detailed information of these two unilateral pools, such as the price range and the fees generated?

1. Using the Uniswap Official App

Open the Uniswap website https://app.uniswap.org/, download the corresponding app based on your phone type, and in the wallet settings, [Add Wallet] -- [Add Wallet for Viewing Only], input the address of the pool owner 0x735A2Ea69997e668dD0f4b2a30fFa9f01e045072.
On the Uniswap website, select [Connect] in the upper right corner and choose [Uniswap Mobile to Connect via QR Code], a QR code will appear on the page, scan it with the Uniswap app on your phone and click "Connect."

After a successful scan, the web version will be connected to the wallet, and you can see the connected wallet address in the upper right corner of the webpage. In the [Liquidity Pools] section, you can see the pool information. There are two pools for $cocoro, one of which is out of range, and the other is within range.

Clicking on the pool will show detailed information, such as the minimum price, maximum price, current price of the price range, and the remaining amounts of weth and cocoro in the pool, as well as the unclaimed fees.

Currently, the unclaimed fees for the two pools are 120,000 USD and 119,000 USD, respectively. From the content in Chapter 2, Section 4, we know that the claimed fees amount to 1.7 million USD, so the project party currently has a total income of 1.94 million USD from fees.
The advantage of this viewing method is that it is natively supported by Uniswap, but the downside is that you need to download the app.

2. Directly Viewing the URL

From the previous viewing method, we know that the pool's URL is "https://app.uniswap.org/positions/v3/base/2256046," where the last part of the URL is the NFT's Token ID. We have already found that the Token IDs corresponding to the two pools are 2256046 and 2256052, so we can construct the viewing URLs for the two pools as follows:
https://app.uniswap.org/positions/v3/base/2256046
https://app.uniswap.org/positions/v3/base/2256052
From the above two URLs, we can query the detailed information of the pools.
The advantage of this method is that you can quickly view by constructing the URL, but you need to query the corresponding NFT's Token ID in advance.

3. Using Impersonator Simulation

Impersonator is an open-source project ( https://github.com/impersonator-eth/impersonator ) that allows you to simulate logging into dapps with any Ethereum address via WalletConnect or iFrame.
Open the official website of impersonator https://impersonator.xyz/, you will see fields to fill in the wallet address and select the chain. Here, fill in the wallet address 0x735A2Ea69997e668dD0f4b2a30fFa9f01e045072, and select "Base" for the chain. Below, three simulation methods are supported: "WalletConnect," "iFrame," and "Extension."

(1) WalletConnect Method

Using the WalletConnect method, we first need to open the Uniswap webpage, and in the upper right corner, select [Connect] and then [WalletConnect].

In the WalletConnect QR code page that appears, click copy, and then paste the content into the "WalletConnect URI" field on the impersonator website. At this point, the Uniswap website will connect to the address you entered above, and you can view the pool information.

(2) iFrame Method

Choosing the iFrame method is simpler; just input the Uniswap URL into the "dapp URL" field and click "Connect" to display the Uniswap connection page with the wallet. You can then view the detailed information of the pools.

This method may not be supported by some dapps; if not, you can choose the WalletConnect method from the previous section to view.
The "Extension" method simulates through a plugin, which will not be explored here.
Impersonator also currently supports simulating login to dapps with Solana chain wallets, but only supports the WalletConnect method at the moment. In our previous article “Step-by-Step Guide: Quickly Mastering the Method to View Meteora Liquidity Price Ranges”, we chose to view using an observation wallet, and now we can use impersonator for simulated login. However, unfortunately, Meteora currently does not support WalletConnect for wallet connection.