Charli3
C3
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
C3 (Charli3) is Cardano's decentralized oracle project providing off-chain data feeds. Active development remains positive (6/10) with newly launched Cardano Token APIs, SDKs, and developer hackathons. Security and Audit History (7/10) reflects a clean operational record with no exploits, hacks, or critical vulnerabilities found across past CertiK audits (BBB rating), although code audits are stale (dating back to November 2021). Tokenomics (5/10) features a capped maximum supply of 100M C3 and active oracle utility, but lacks clear team vesting transparency and deflationary fee-capture mechanics. Team and Governance (5/10) shows operational integrations with Cardano projects (USDM, NEWM) but suffers from undisclosed leadership bios and centralized governance without active DAO voting. Market and Use Case (2/10) represents the project's primary weakness, facing formidable competition from Chainlink and Pyth, micro-cap status, and critically low 24-hour trading volume (~$26.52) indicating severe illiquidity. Community Support received a score of -1.0 due to insufficient verifiable data regarding forum activity and social engagement; its weight was proportionally redistributed among the remaining five sections. No qualifying red-flag events or fraudulent mechanics were identified.
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 Charli3 (C3)
Charli3 (C3) is a decentralized oracle protocol built as a native asset on the Cardano blockchain. The project is designed to bridge off-chain real-world data to smart contracts on Cardano, supplying price feeds and customized data solutions. Its technical architecture includes a Cardano Token API, a price feed portal, node-operator tooling, a Python SDK, and software development kits for push- and pull-based oracle operations. The network has established integrations with Cardano-based ecosystem projects, including USDM and NEWM.
The C3 token serves as the core utility and governance token for the oracle network, featuring a fixed maximum supply of 100,000,000 tokens. The initial token allocation designated 37% for seed and private token sales, 30% for node-operator rewards, 20% for the team, 8% for development funds, 3% for liquidity, and 2% for reserves. Within the protocol, C3 is designed for node-operator staking, incentive distribution, and future governance participation, though the tokenomics framework lacks fee-capture mechanisms or deflationary burning models directly linking network usage to token value.
The project faces notable market, governance, and security considerations. Charli3 operates within a competitive oracle sector alongside larger networks like Chainlink and Pyth, and it exhibits severe market illiquidity, characterized by micro-cap valuations and negligible 24-hour trading volumes. In addition, its third-party security audits are dated, with the most recent external review completed by CertiK in November 2021. The project also exhibits governance transparency gaps, including unlisted leadership profiles on its primary website, unverified team vesting schedules, and the absence of an active decentralized autonomous organization (DAO) or on-chain voting infrastructure.