Analytical Dog
--
$USUAL Can we trust the USUAL project? They always say it's a good project, but is that all that matters? What else should be considered? What don't they tell you?
Come with me and I'll tell you 😄
1. Decentralization Score (68.41%)
Meaning:
This is an indicator of the level of decentralization of the cryptocurrency. A higher score indicates that the tokens are widely distributed among several addresses and not concentrated in a few entities or individuals.
Impact:
Positive: Greater decentralization reduces the risk of large market fluctuations by "whales" (large token holders) and improves trust in the project.
Negative: A score below 70% indicates that control of the cryptocurrency may still be concentrated in a few hands, representing a risk of centralization.
2. Safety Score (35.36)
Meaning:
This is a general indicator of risk. A low score (below 50) suggests high risk.
Impact:
Positive: If the score were higher, it would indicate greater security for investors.
Negative: A score of 35.36 is concerning, suggesting that the project has vulnerabilities that could compromise trust and security.
3. Risks Identified
Proxy:
This means that the smart contract may have proxy functionality, allowing developers to change the code without consulting the community.
Impact:
Negative: Creates risk of unexpected or malicious changes to the contract.
Extreme Ownership Concentration (Top Holders):
A large concentration of tokens in a few wallets.
Impact:
Negative: Whales can control the price by selling large volumes, causing volatility or loss of confidence in the project.
🎯Conclusion
Before investing or actively participating in this cryptocurrency ecosystem, it would be wise to:
Check smart contract audits.
Research more about the project's governance and transparency.
Evaluate whether the project has clear plans to improve decentralization and security.
Come with me and I'll tell you 😄
1. Decentralization Score (68.41%)
Meaning:
This is an indicator of the level of decentralization of the cryptocurrency. A higher score indicates that the tokens are widely distributed among several addresses and not concentrated in a few entities or individuals.
Impact:
Positive: Greater decentralization reduces the risk of large market fluctuations by "whales" (large token holders) and improves trust in the project.
Negative: A score below 70% indicates that control of the cryptocurrency may still be concentrated in a few hands, representing a risk of centralization.
2. Safety Score (35.36)
Meaning:
This is a general indicator of risk. A low score (below 50) suggests high risk.
Impact:
Positive: If the score were higher, it would indicate greater security for investors.
Negative: A score of 35.36 is concerning, suggesting that the project has vulnerabilities that could compromise trust and security.
3. Risks Identified
Proxy:
This means that the smart contract may have proxy functionality, allowing developers to change the code without consulting the community.
Impact:
Negative: Creates risk of unexpected or malicious changes to the contract.
Extreme Ownership Concentration (Top Holders):
A large concentration of tokens in a few wallets.
Impact:
Negative: Whales can control the price by selling large volumes, causing volatility or loss of confidence in the project.
🎯Conclusion
Before investing or actively participating in this cryptocurrency ecosystem, it would be wise to:
Check smart contract audits.
Research more about the project's governance and transparency.
Evaluate whether the project has clear plans to improve decentralization and security.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
78
0