Cobak
CBK
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Cobak Token (CBK) is an ERC-20 utility token associated with a South Korean crypto social platform. The project exhibits significant structural weaknesses across multiple dimensions. Active development has slowed considerably after Q1 2025, with minimal code activity or updates documented leading into 2026. Community Support lacked sufficient data (-1.0) and was excluded from the weighted score. On the tokenomics side, while CBK is fully circulating (100M total supply) with no ongoing inflation, initial insider allocations were high and the token has suffered a ~99% drawdown from its all-time high. Market liquidity remains thin with geographically confined demand. The team is largely unverifiable in retrieved sources, and governance remains centralized. In security, CertiK completed an audit in June 2022 without critical issues, but significant centralization flags persist—notably a 95.13% holder concentration among top non-exchange wallets, unrenounced ownership, blacklisting capability, and transfer-pausing privileges. No exploits, regulatory enforcement actions, or fraudulent events were identified, but overall fundamental and centralization risks are substantial.
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 Cobak (CBK)
Cobak Token (CBK) is an ERC-20 utility token deployed on the Ethereum and Polygon blockchains, serving as the native asset for Cobak, a South Korean cryptocurrency social and community platform. The token is designed to support in-app interactions and operates alongside a dual-token model involving CC. Within the ecosystem, CBK is designated for platform utilities, staking rewards, and holder voting on select platform decisions.
The token has a fixed maximum supply of 100,000,000 CBK, with the entire supply reported as circulating. The original token distribution allocated 33% to the ecosystem, 30% to a private sale, 20% to DeFi staking rewards, 15% to the team, and 2% to partners. Although the project framework outlines deflationary burn mechanics, the execution of burns remains unverified, and technical development activity substantially slowed following the completion of early 2025 roadmap items.
CBK has faced substantial market downturns, suffering a severe price crash of approximately 99% from its 2021 all-time high of $16.31 amid thin market liquidity. A security audit was completed by CertiK in June 2022, which reported zero critical issues and two major centralization findings. Structural centralization risks persist within the token contract, including unrenounced contract ownership, blacklisting capabilities, pausable transfers, and a major non-exchange holder concentration of 95.13%. Additionally, public documentation concerning verifiable core team members and decentralized governance structures remains minimal.