Sugarverse
CNDY
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Synthesis of section evaluations for CNDY (Sugarverse) reveals significant operational and visibility risks across several dimensions. Active development appears stalled, with no verified GitHub activity, code updates, or protocol milestones documented since November 2024. Tokenomics presents substantial structural risks, including an initial circulating supply of only ~3.0%, missing or truncated distribution details for approximately 77% of total supply, and a predominantly circular utility loop centered around GameFi emissions. While the founding team is publicly named, their governance mechanisms remain aspirational without live on-chain DAO execution. On the security front, there is a total absence of third-party smart contract audits or security platform ratings, although no historical hacks, exploits, or regulatory actions were affirmatively recorded. Furthermore, there were significant data gaps in both Community Support and Market and Use Case due to insufficient data and keyword collisions in retrieved sources, which have been excluded from the weighted score calculation.
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 Sugarverse (CNDY)
Sugarverse (CNDY) is a Web3 gaming project designed around a planned five-game casual mobile gaming ecosystem, which includes a flagship player-versus-player match-3 mobile game named SugarMatch and an associated non-fungible token (NFT) collection called the Sugar Bears Club. Operating across the Arbitrum One and Etherlink networks, CNDY is intended to function as the platform's native utility and governance token, interacting alongside an in-game currency (gCNDY) to support gameplay emissions, staking, and ecosystem transactions.
The tokenomics outline a total supply of 1,000,000,000 CNDY with an initial circulating supply of approximately 30,344,000 tokens (about 3.0%). Documented allocations include 15% for the team and 5% for partners and advisors, each subject to a one-year lock and 12-month linear vesting schedule, alongside a 3% airdrop with a one-month cliff. The founding team includes Co-Founder and CEO Nikolay Mitev, Philip, and Head of Investment Peter Tsang. While governance documentation describes a planned DAO structure and a Community Treasury funded by marketplace and claim fees, live on-chain voting and treasury operations remain unverified.
Public evaluations identify several operational, technical, and tokenomic risks. Verifiable development activity has shown significant staleness, with no public code repositories, development releases, or milestones documented after November 2024. Furthermore, specific allocation and vesting schedules for approximately 77% of the total supply are absent from public documentation, and no third-party smart contract security audits have been published for its deployed contracts.