Beatswap
BTX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
BeatSwap (BTX) achieves an overall score of 4.20 out of 10 based on the weighted synthesis of all six evaluation categories. On the technical side, BTX shows positive development signs with multi-repository activity across BNB/opBNB, a CertiK Gold Badge KYC verification for six core team members, and clean smart contract mechanics free of honeypots, mint functions, or transfer taxes. However, the project is severely constrained by foundational weaknesses: approximately 85% of its 1.5 billion token supply remains non-circulating with ~49% undisclosed allocations, Major Holder Concentration stands at an extreme 95.89%, and CertiK code security is rated low (5%) with 14 findings that remain largely unacknowledged. Furthermore, community support is negligible (2.0/10), governance lacks decentralized infrastructure, and adoption metrics for its music-IP RWA tokenization platform remain unverified. No qualifying red-flag events or confirmed fraud were identified, so the final score reflects the direct weighted average.
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 Beatswap (BTX)
BeatSwap (BTX) is a Real World Asset (RWA) protocol designed for tokenizing intellectual property rights, with a specific focus on music IP. Operating primarily on BNB Smart Chain and opBNB, the protocol aims to address illiquidity in music rights through mechanisms such as Proof-of-Rights staking rewards, linear 365-day vesting schedules, and planned integrations including an RWA decentralized exchange and a SocialFi Space layer.
The project's smart contracts underwent a third-party security audit by CertiK in December 2025, and on-chain analyses confirm the absence of standard honeypot mechanics, mint functions, or transfer taxes. Additionally, six core team members completed KYC verification through CertiK, earning a Team Verified Gold Badge, although the leadership team maintains a non-public profile.
BeatSwap faces several structural and operational risks. Approximately 85% of its total 1.5 billion token supply remains non-circulating, with roughly 49% of the total allocation undisclosed, contributing to a substantial dilution overhang. On-chain metrics reflect an extreme major holder concentration of 95.89% outside of exchange and locked addresses. Furthermore, CertiK reported a low Code Security rating of 5% due to 14 audit findings with only five acknowledged, while the project lacks decentralized governance infrastructure, verified music catalog adoption data, and established community governance forums.