Cofinex
CNX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
CNX is the native utility token of Cofinex, a centralized digital asset trading platform founded in 2019 and based in Prague. While the platform demonstrates ongoing operational status with a recognized Hacken audit and reported regulatory registrations (Czech National Bank authorization and FIU-India registration), the investment fundamentals are critically weak. Development is completely closed-source without public repositories, changelogs, or governance mechanisms (Score: 5.0/10). On-chain and community presence is virtually non-existent, evidenced by only 34 holders, 88 recorded transactions, and no active community channels (Score: 0.5/10). Tokenomics are opaque and carry severe dilution risks with an unverified circulating supply against a ~$98 million fully diluted valuation, lack of vesting schedules, and an unverified buy-back mechanism alongside a >99% drawdown from all-time highs (Score: 2.0/10). Liquidity is negligible ($0 to $530 daily volume) with broken price discovery in a saturated exchange market (Score: 2.0/10). Furthermore, team leadership remains anonymous and governance is entirely centralized (Score: 3.0/10). Security history is relatively clean with no documented exploits, but absence of proof-of-reserves creates counterparty risk (Score: 6.0/10). Overall score is calculated as the weighted average across all six sections at 3.1/10.
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 Cofinex (CNX)
CNX is the native utility token of Cofinex, a centralized digital asset trading platform founded in 2019 and headquartered in Prague, Czech Republic. The platform proposes a multi-asset trading environment encompassing cryptocurrencies, equities, exchange-traded funds (ETFs), and gold. The CNX token is issued on BNB Chain with a total supply of 500,000,000 tokens and also associates with the project's native CNX Blockchain.
The project reports compliance registrations, including virtual asset service provider authorization with the Czech National Bank and registration with the Financial Intelligence Unit of India (FIU-India). A code audit has been conducted by Hacken, though detailed audit scoring and dates are not publicly specified. Platform security claims include multi-signature cold storage for over 90% of user assets, although independent proof-of-reserves verification is not currently operational.
Despite ongoing operational announcements and exchange services, the CNX token exhibits elevated risk factors and low market engagement. Historical market data shows that CNX has experienced a price drawdown of more than 99% from its all-time high. Additionally, the token displays negligible liquidity with 24-hour trading volumes ranging between $0 and $530, broken price discovery, minimal on-chain distribution with fewer than 50 recorded holders on BNB Chain, anonymous core management, and a completely closed-source development structure.