Arena-Z
A2Z
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
A2Z (Arena-Z) is an ERC-20 gaming token operating on an Optimism Superchain Layer 2 mainnet, serving as the rebranded successor to League of Kingdoms' LOKA token following a 1:20 migration. On the development and governance fronts, the project scores reasonably well (Active Development: 7.0/10, Team & Governance: 6.5/10), backed by NOD Games and founder Chan Lee with active OP Superchain upgrade proposals (Maintenance Upgrade Proposal 18a in March 2026) and no history of exploits or defaults. However, the token exhibits severe weaknesses across other dimensions: Community Support (2.5/10) lacks verifiable qualitative engagement metrics; Tokenomics (4.5/10) features heavy insider/reserve allocations near 50% and conflicting circulating supply reporting; Market and Use Case (2.0/10) reflects micro-cap status, severe aggregator pricing discrepancies, and a >99% drawdown from all-time highs; and Security and Audit History (4.5/10) lacks independently confirmed audit reports or public security scores. No qualifying red-flag events were established. The overall weighted score is 4.6/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Arena-Z (A2Z)
Arena-Z (A2Z) is a Web3 gaming platform token that serves as the rebranded successor to League of Kingdoms' LOKA token, following a 1:20 token migration approved via DAO governance proposal AIP-001. Developed by NOD Games, which was founded in 2019 by CEO Chan Lee, the project operates as an ERC-20 token on the Ethereum network and powers the Arena-Z Chain, an Ethereum Layer 2 network within the Optimism Superchain ecosystem. Ongoing protocol updates have included governance actions such as Maintenance Upgrade Proposal 18a on the Optimism Governance Forum.
The A2Z token functions as a utility and governance asset within the Arena-Z ecosystem, facilitating staking, in-game transactions, and voting on platform and network upgrades. The token structure has a fixed total supply of 10 billion tokens. Allocations include 22% designated for team members and advisors under a 24-month cliff, with total insider and reserve allocations accounting for approximately 50% of the supply. The token model does not include deflationary or programmatic burn mechanisms.
Arena-Z has experienced significant market contraction, with its token price falling over 99% from an all-time high of $0.01132 into the $0.00003 to $0.00008 range. Market tracking for the token exhibits substantial discrepancies across aggregators regarding market capitalization and circulating supply, reflecting thin and fragmented liquidity. Additionally, while the team reports smart contract audits, independent audit reports and official security ratings remain unconfirmed by third-party verification sources.