Bucket Token
BUT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
BUT (Bucket Token) is the governance and utility token for Bucket Protocol, a CDP protocol deployed on the Sui blockchain that issues the BUCK stablecoin. The overall evaluation was significantly constrained by extensive data gaps across Community Support (-1.0), Market and Use Case (-1.0), and Team and Governance (-1.0), which were excluded from the weighted average calculation and their weights redistributed proportionally. Among evaluated dimensions, Active Development scored 3.5/10 due to an active TypeScript SDK on npm (@bucket-protocol/sdk) with 41 releases, though lacking verifiable recent GitHub milestones and core audit trails. Tokenomics scored 3.5/10, showing a 1.00B total supply (~$375.47K market cap and ~$888.88K FDV) with roughly 42% circulating supply, but hampered by unverified vesting schedules and utility details. Security and Audit History scored 4.0/10, reflecting a Cyberscope audit for the BUCK stablecoin rather than the BUT token itself, with no verified hacks, depegs, or regulatory actions on record. No qualifying red-flag events were established.
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 Bucket Token (BUT)
Bucket Token (BUT) is the governance and utility token associated with Bucket Protocol, a collateralized debt position (CDP) protocol deployed on the Sui blockchain. Bucket Protocol facilitates the issuance of BUCK, an overcollateralized stablecoin. The BUT token operates directly on Sui with a total supply of 1.00 billion tokens, of which approximately 42% is in circulation, including an initial Launchpool distribution of 0.50%.
Protocol development is supported by tooling such as the @bucket-protocol/sdk TypeScript software development kit on npm. However, publicly verifiable development milestones and repository activity for the core codebase over recent 12- to 18-month periods remain limited in accessible documentation.
From a security and transparency standpoint, the BUT token contract itself does not have a verified independent audit, although a smart contract audit was conducted by Cyberscope for the associated BUCK stablecoin. There are no reported security exploits, depegs, or regulatory actions on record. Nonetheless, project evaluation is constrained by data limitations regarding formal governance structures, team identity, documented token utility, and public vesting schedules.