Tenset

Tenset presents a sharp dichotomy between its financial engineering and its technical transparency. The project excels in Tokenomics (8.5/10), featuring an aggressive deflationary model driven by the 'ETF 2.0' buyback system and high-demand launchpad lock-ups. This is supported by a credible, fully doxxed leadership team (7.5/10) and a committed, utility-focused community (7.2/10). However, the project scores poorly on Active Development (2.5/10), with a nearly non-existent public code footprint and closed-source architecture, which makes independent verification of technical progress impossible. While the Security score (6.5/10) is passable due to a clean hack history and CertiK audits, it is penalized for centralization privileges inherent in the smart contracts. Tenset operates more as a centralized fintech investment firm utilizing blockchain rails than a decentralized protocol. Its success depends heavily on the team's ability to curate successful 'Gems' for the launchpad and manage the external portfolio, rather than on open-source technological innovation.