E Money Network
EMYC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
EMYC (E Money Network) exhibits significant structural and liquidity vulnerabilities, culminating in an overall score of 4.0/10. Community Support lacked sufficient data (-1.0) and was excluded from the weighted average, with its 15% allocation redistributed across the remaining sections. The project faces major headwinds: it is actively winding down its token ecosystem in favor of converting holdings into Scallop equity, with official announcements confirming a multi-exchange delisting trajectory—specifically, 'EMYC placed into Special Treatment (ST) status effective 17 August 2026, followed by delisting' on KuCoin, with Gate.io to follow. Furthermore, no verified third-party smart contract audits exist for EMYC, vesting schedules and major token allocations remain undisclosed, and liquidity has collapsed with 24-hour volumes dropping to micro-cap levels ($5K–$13K). Despite genuine Layer 1 infrastructure and a doxxed leadership team, the active deprecation and exchange delistings make the asset non-viable for investment.
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 E Money Network (EMYC)
E Money Network (EMYC) is a deprecated token that is actively winding down, with the project offering holders the opportunity to convert their token holdings into Scallop equity. Developed in partnership with the Scallop Group and led by Founder and CEO Raj Bagadi, E Money Network was created as a Tendermint and Cosmos-SDK-based Proof-of-Stake Layer 1 blockchain with EVM compatibility. The platform was designed to facilitate MiCA-compliant Real World Asset (RWA) tokenization, cross-border remittances, micropayments, and small-to-medium enterprise finance.
Within the network's design, the EMYC token has a fixed maximum supply of 400,000,000 tokens and deflationary gas-burning mechanisms. The asset was structured to serve utilities such as gas fee payments, on-chain governance voting, and staking, which requires a validator minimum of 500,000 EMYC alongside slashing protocols to secure the network.
The project has experienced significant decline and operational headwinds. EMYC suffered a 99.9% collapse in market capitalization and trading volume from its all-time high, resulting in near-illiquid micro-cap trading conditions. In addition, the project announced exchange actions including KuCoin placing EMYC into Special Treatment (ST) status effective August 17, 2026, followed by delisting, with Gate.io scheduled to follow with a delisting at a later stage. The token also exhibits transparency and security gaps, including a lack of verified third-party smart contract audits and undisclosed token allocations and vesting schedules for major holders.