Alliance Games
COA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Alliance Games (COA) presents severe structural and market risks across almost all fundamental dimensions, resulting in an overall score of 3.1/10. While active development shows some product progress with arcade updates and staking rollouts through 2025 (5.5/10), the project lacks open-source repository transparency. Community support is nearly nonexistent (1.5/10), evidenced by a minimal holder count (~66 holders on Base) and lack of governance participation. Tokenomics (2.0/10) and Market Use Case (2.0/10) reveal catastrophic conditions: the token has suffered a >99% decline from ICO levels, market capitalization is severely depressed at ~$15.8K–$17.5K despite $8M in historical funding, liquidity is essentially dormant, and trading is largely halted. Governance and Team (4.0/10) suffer from anonymous leadership and an unverified on-chain DAO structure. In Security and Audit History (3.0/10), the contract has never undergone a formal third-party smart contract audit, presents 100% major-holder concentration, and relies on an upgradeable proxy contract without visible timelocks. No affirmative qualifying red-flag exploit or regulatory action was identified, but the project exhibits severe illiquidity and centralization.
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 Alliance Games (COA)
COA is the native utility and governance token of Alliance Games, a Stockholm-based decentralized Web3 gaming infrastructure project. Deployed on Base and Binance Smart Chain, the token is designed to serve multiple functions within its ecosystem, including decentralized governance participation, node operator rewards, and payments for gaming infrastructure services.
Alliance Games raised approximately $8 million in total funding, including a $5 million Series A round in October 2024, and continued releasing product updates such as arcade features and staking rollout documentation into late 2025. The token was structured with a total supply of 2 billion units, with 25% allocated to token sales. However, detailed vesting schedules and documentation for the remaining 75% of the token supply have not been publicly detailed, and the project lacks open-source code repositories for independent verification of its technical development.
The project faces severe market and operational challenges. COA has suffered a market decline of over 99% from its initial coin offering (ICO) price, resulting in a market capitalization of under $20,000 and near-zero trading liquidity, with reports of halted trading across markets. Furthermore, the token exhibits extreme centralization risks: the smart contract has never undergone an independent third-party audit, operates via an upgradeable proxy contract, and shows an extreme holder concentration with a minimal active user base. Additionally, the project's leadership remains undocumented with no verified credentials or functioning on-chain DAO governance structure.