Basilisk
BSX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
BSX (Basilisk) is a Kusama-based parachain liquidity protocol exhibiting severe structural and liquidity deterioration across evaluated dimensions. Three sections lacked sufficient data and were excluded from the weighted score calculation: Active Development (-1.0 due to source collision with homonymous software), Market and Use Case (-1.0 due to tokens effectively ceasing trading with near-zero daily volume), and Team and Governance (-1.0 due to ticker-collision with unrelated corporate entities). Among scored sections, Community Support received 1.5/10 due to dormant social channels, absence of dated activity, and lack of governance engagement despite on-chain holder accounts. Tokenomics scored 3.0/10 reflecting governance-only utility, a ~52% supply overhang, and lack of verified emissions schedules. Security and Audit History scored 4.0/10 due to the complete absence of third-party audits, absence of a bug bounty program, and illiquid trading, although no active exploit or regulatory proceeding was affirmatively identified. The normalized weighted average across available sections is 2.85/10.
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 Basilisk (BSX)
Basilisk (BSX) is a decentralized liquidity protocol and parachain operating on the Kusama network (Para ID 2090) within the broader Polkadot ecosystem. Established in 2021, the protocol is built around a modular Automated Market Maker (AMM) architecture designed to assist early-stage crypto projects with liquidity bootstrapping pools (LBP) and liquidity mining mechanisms.
The native BSX token is primarily designated for on-chain governance, allowing token holders to submit proposals, vote on network referendums, and participate in council elections. The tokenomics model features a total supply of 49 billion BSX, with approximately 23.57 billion tokens in circulating supply, representing an outstanding dilution overhang relative to its micro-cap valuation.
The protocol faces significant market and security risks. Tracking platforms such as CoinGecko note that BSX has effectively ceased active trading across monitored exchanges, registering near-zero daily volume and severe illiquidity. Furthermore, security evaluations indicate that Basilisk has no recorded third-party code audits, no active bug bounty program, and no verified team KYC, alongside dormant community channels and inactive governance engagement.