Amazon xStock

AMZNX (Amazon xStock) is a tokenized derivative asset designed to bridge traditional finance and DeFi by tracking Amazon's stock price. The evaluation reveals a sharp contrast between its conceptual utility and its technical execution. While the tokenomics and market use case receive moderate scores (6.5 and 6.8) for providing fractionalized, 24/7 access to equity, the project suffers critically in other areas. Because it is a financial instrument rather than a software protocol, Active Development is non-existent (0/10). Community Support is similarly weak (2.5/10), lacking organic engagement. Although the issuing entity, Backed Finance, adds regulatory credibility (Team score 5.5), the token is entirely centralized with no holder governance. Most concerning is the Security score (2.5/10), which highlights unverified smart contracts, a lack of major audits, and susceptibility to scam impostor tokens. The overall weighted score of 3.9 reflects these severe structural and security deficiencies.