Cypher
CYPR
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
CYPR (Cypher) presents a severely compromised investment outlook primarily driven by the complete discontinuation of its ecosystem following an acquisition in July 2026. Active development is virtually nonexistent (1.5/10), with no protocol repositories, release notes, or governance activity found. Tokenomics (3.5/10) reflect high insider concentration, opaque supply data, and a crypto-card rewards mechanism that officially sunset in July 2026 without any residual utility. Market metrics (2.0/10) demonstrate micro-cap valuation, negligible 24-hour liquidity (under $10 daily), cross-source price divergence, and an unrecovered ~92% drawdown from all-time highs. Team and Governance (2.5/10) confirmed that the project is executing an orderly shutdown and discontinuing the CYPR token ecosystem. Note that Community Support and Security and Audit History lacked sufficient token-specific data (-1.0) and were excluded from the weighted score calculation. Given the formal wind-down and lack of ongoing utility or protocol development, the token should be avoided.
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 Cypher (CYPR)
Cypher (CYPR) is a deprecated rewards and payments token on the Base blockchain that was discontinued following the acquisition and orderly shutdown of the project in July 2026. Founded in 2022 with backing from Y Combinator and Coinbase Ventures, Cypher operated as a crypto payments and card protocol. The CYPR token was designed to function as an earn-back reward mechanism for Cypher Card transactions, alongside a veCYPR locking structure for participants.
The token has a maximum supply of 1.00 billion units. Documented allocations include 22.5% for Team and Shareholders, 18% for the Treasury, 12.8% for Community Airdrops, and 8.5% for an initial airdrop, leaving approximately 38% of the supply unlisted across public tracking records. Although the development team previously completed an audit of its wallet application with OAK Security in May 2023, verifiable smart contract development and governance activity on Base remained minimal.
Following the project's acquisition, the Cypher ecosystem was officially wound down, with its card rewards program featuring a fixed sunset date of July 16, 2026, and no documented post-sunset utility. The token experienced a severe market drawdown of approximately 92% from its all-time high of roughly $0.468, accompanied by negligible daily trading volumes, cross-source pricing discrepancies, and an absence of ongoing protocol development.