Alongside Crypto Market Index
AMKT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
AMKT (Alongside Crypto Market Index) provides a market-cap-weighted passive exposure to a basket of 25 cryptocurrency assets. The project benefits from a reputable, publicly identified team with institutional backing (including Coinbase Ventures and Franklin Templeton) and structured governance via the AMKT DAO. Additionally, the tokenomics feature no impending unlock pressure, as circulating supply matches total supply, and the project holds a clean track record free from historical exploits or hacks. However, AMKT suffers from critical operational and market weaknesses: development has been largely dormant through 2025-2026, the community is minimal with almost no on-chain engagement, there is an absence of verified third-party smart contract audits, and most critically, secondary market liquidity is virtually non-existent (daily volumes near zero), creating severe exit risks for holders. No qualifying red-flag cap applies as there are no affirmative severe incidents or regulatory enforcement actions.
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 Alongside Crypto Market Index (AMKT)
AMKT (Alongside Crypto Market Index) is an ERC-20 index token issued by Alongside Finance, Inc. designed to provide passive, market-cap-weighted exposure to a basket of 25 cryptocurrency assets. The underlying basket is structured to be rebalanced quarterly, with assets held on-chain via a Vault contract controlled through a TimelockController and AMKT DAO governance. The project was launched with institutional backing from entities such as Coinbase Ventures and Franklin Templeton, and is developed by a publicly disclosed team with backgrounds across traditional technology, finance, and blockchain firms.
From a technical and governance perspective, AMKT incorporates separation of administrative duties across its contracts. The architecture includes an Emergency Multisig equipped to pause issuance and rebalancing actions in adverse conditions, though redemption capabilities remain unpausable. The token has a circulating supply roughly equal to its total supply of approximately 2,100 tokens, meaning there is no traditional vesting or unlock schedule.
Despite a clean security history with no recorded smart contract exploits, hacks, or regulatory enforcement actions, the project presents notable operational and market risks. Public code repositories show a dormant development status with no verifiable shipping activity or releases through 2025–2026. Furthermore, there is no evidence of a completed third-party security audit for the amkt-v2 contracts, the product is restricted for United States residents, and the token experiences near-zero daily trading liquidity on secondary markets, which poses severe exit constraints for holders.