Cardstack
CARD
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
CARD (Cardstack) scores poorly across almost all fundamental dimensions, resulting in a weighted average score of 2.90/10. The project's active development is severely stalled with no visible roadmap shipping or milestone updates since early 2023. Community engagement is virtually nonexistent, marked by low on-chain activity and dust-level transfers. From a tokenomics standpoint, CARD suffers from inconsistent supply metrics, undisclosed vesting schedules, and centralized minting authority. The market position has deteriorated significantly, with market capitalization falling below $1 million and negligible 24-hour trading liquidity. On the security side, there is no verified third-party smart contract audit on record, and the token contract maintains non-renounced proxy ownership with ~25% concentrated among top non-exchange holders. While the team remains public and credentialed with a clean operational incident ledger (no hacks, insolvencies, or regulatory enforcement actions identified), the protocol exhibits signs of quiet dormancy. No qualifying red-flag event was triggered; the low score reflects fundamental and operational stagnation.
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 Cardstack (CARD)
Cardstack (CARD) is an ERC-20 utility token deployed on the Ethereum blockchain, designed to support an application architecture structured around composable, card-based building blocks for decentralized applications. The token incorporates utility mechanisms including transaction fee processing, reward minting, and deflationary burn mechanisms within the Cardstack framework.
The project was created by a publicly identified team led by Founding Director Chris Tse and Lead Developer Ed Faulkner. Governance for the project operates under centralized control through the Cardstack Foundation, without an active decentralized autonomous organization (DAO) or formal on-chain voting procedures for token holders. Furthermore, published details regarding token vesting schedules and team allocation distributions remain limited, and the Foundation retains discretionary minting authority.
Cardstack has experienced prolonged development stagnation and a severe market drawdown, with the token trading down over 98% from its initial offering and its market capitalization falling below $1 million alongside thin liquidity. Project releases have ceased following the end-of-life designation for Cardstack v2, leaving the v3 codebase in an incomplete state with no observable milestone reporting since early 2023. Security evaluations note that the token contract operates via an unrenounced proxy structure with top non-exchange holders controlling approximately 25% of the supply, and there is no record of a completed third-party smart contract audit. The project maintains a clean operational history with no documented hacks, exploits, or regulatory actions.