Feathercoin
FTC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Feathercoin (FTC) is an early proof-of-work cryptocurrency launched in April 2013 as a fork tracking Bitcoin Core and utilizing the NeoScrypt algorithm. While core repository maintenance persists with periodic release tagging, peripheral infrastructure and wallet tools are largely stale or archived, and no active roadmap or ecosystem governance exists. Community engagement is virtually dormant with only residual tracking. Tokenomics suffer from poor documentation regarding future emissions and fragmented, thin liquidity across exchanges. From a market and utility perspective, FTC is functionally inactive with negligible trading volume, a low market capitalization (~$150K), and no competitive differentiation in an oversaturated payment-token sector. The security profile exhibits no recorded third-party audits or formal KYC verification, though the network has operated for over 13 years without verified exploits or regulatory enforcement. Note that ticker collisions with the US Federal Trade Commission (FTC) in external news feeds do not apply to Feathercoin. No qualifying red-flag event was established, but the weighted average score across all sections results in a very low rating.
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 Feathercoin (FTC)
Feathercoin (FTC) is an open-source, proof-of-work cryptocurrency launched in April 2013 as an early derivative of Bitcoin and Litecoin. Created by founder and lead developer Peter Bushnell, with contributions on the NeoScrypt hashing algorithm from a developer known as "Ghostlander," the project was designed as a digital payment network. Feathercoin operates its own standalone blockchain that tracks upstream Bitcoin Core releases while utilizing NeoScrypt for consensus.
The project has a confirmed total supply of 336,000,000 FTC, with approximately 236.6 million tokens in circulation. Public documentation provides limited details regarding the release schedule or emission mechanisms for the remaining uncirculated supply. While maintenance updates to the core repository continue, peripheral tools and ancillary wallets have largely been archived or left unmaintained since 2018. The project maintains no formal governance mechanisms, decentralized autonomous organization (DAO), or active ecosystem roadmap.
Feathercoin has experienced a major, unrecovered market drawdown from its historical highs, operating with a market capitalization in the low hundreds of thousands of dollars, negligible trading volume, and fragmented liquidity. The codebase has not undergone any formal third-party security audits or team KYC verifications, though the network has operated without recorded smart contract exploits, hacks, or protocol insolvencies.