Forwarding Addresses

Forwarding addresses are not to be confused with "deposit" addresses, which could belong to a foundation, a charity, an organization etc.

Definition

ChainArgos tags wallets that are considered "forwarding" where the address only ever sends tokens to a single organization.

There are two types of "forwarding" addresses, regular wallet addresses, and "forwarding" contracts.

"Forwarding" addresses are displayed in the following formats:

• [name of organization] Forwarding ;; ➡️Fwds tracked tkns to [name of organization]

• [name of organization] Forwarding

• [name of organization] forwarding

• [name of organization]: Fwder

"Forwarding" contracts are smart contracts and displayed in the following formats:

• [name of organization] Forwarding contract

The "forwarding" label is applied to addresses where all the tokens tracked by ChainArgos are sent to a specific organization.

The "forwarding" label is intended to be inclusive and therefore it is possible for an address to be tagged "Bitforex Forwarding" if it only ever sends all tokens tracked by ChainArgos to Bitforex, but if it sends a token that is not tracked by ChainArgos to another random address, the "forwarding" address will still be tagged "Bitforex Forwarding" in order to warrant further investigation.

The "tracked tkns" caveat refers to the tokens that are tracked by ChainArgos.

In this analysis, the "forwarding" address only ever sends tokens tracked by ChainArgos to the organization concerned.

NOTE: THE FORWARDING LABEL IS ACCURATE FOR TOKENS TRACKED BY CHAINARGOS, AND IS NOT INTENDED TO BE RELIED ON FOR TOKENS THAT CHAINARGOS DOES NOT TRACK.

Use Case

"Forwarding" addresses are useful because many counterparties use intermediate wallets to funnel tokens.

For example, market makers always funnel their tokens to "forwarding" addresses before moving the tokens in bulk to an exchange.

Consider "forwarding" addresses as akin to a staging area, for example, where troops are gathered before an invasion. Without such "forwarding" address labels, substantial precision with respect to transactions, would be lost.

E.g. AmirSender is a "forwarding" address that breaks up $40 mm USDT to 16,600 addresses, none of which are labeled "Binance" but most of the Top 100 of these addresses are "Binance Forwarding." Using the "forwarding" label, this information is immediately clear, whereas without these labels, that transaction behavior would be lost.