DuckChain Token
DUCK
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
DUCK (DuckChain Token) represents an EVM-compatible Layer 2 appchain on The Open Network (TON). While the project completed a TGE, secured $5M in institutional backing from firms like dao5 and Offchain Labs, and underwent a Quantstamp security review for its bridge contracts, it displays acute fundamental and market weaknesses. Key token utilities—such as gas payments, AI service currency, and decentralized governance—remain unreleased ('Coming Soon') over a year post-launch with no public code repositories available. Economically, the token suffers from extreme price depreciation (down ~95% from ATH and ~99.5% year-over-year), an illiquid market cap under $200K, and heavy sell pressure driven by a 50% airdrop allocation. Note on Data Gaps: Community Support could not be scored (-1.0) due to search data contamination from unrelated projects sharing the DUCK ticker; its weight was proportionally redistributed across the remaining categories. No qualifying red-flag exploit or regulatory events were identified, but overall fundamental health remains severely impaired.
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 DuckChain Token (DUCK)
DuckChain Token (DUCK) is the native utility token of DuckChain, an EVM-compatible Layer 2 appchain built on The Open Network (TON). Launched in 2024, the project is designed to operate as an EVM bridge for the TON ecosystem, focusing on Telegram-integrated decentralized applications and users. DuckChain raised $5 million in institutional backing from investors including dao5, Tandem by Offchain Labs, and Kenetic Capital.
The DUCK token has a fixed total and maximum supply of 10 billion units, with 50% allocated to community airdrops and 20% assigned to an ecosystem reserve. Although designated for gas payments, governance, and AI-service transactions, these primary utility functions remain unreleased and marked as upcoming over a year after launch. From a security perspective, Quantstamp conducted a review of the EVM-side bridge contracts in late 2024, addressing five of seven identified issues, though the audit was limited in scope to the bridge contracts and did not cover the core DUCK token contract.
DuckChain has experienced significant market contraction and fundamental challenges. The token's price has fallen approximately 93% to 95% from its all-time high and roughly 99.5% over the trailing year, accompanied by low daily trading volume and a depressed market capitalization under $200,000. In addition, the project lacks verifiable public source code repositories, and public vesting schedules for insider and investor allocations have not been published.