Forty Two DAO Token
FTD
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Forty Two DAO Token (FTD) exhibits severe fundamental weaknesses and extensive data limitations. Three out of six evaluation sections—Active Development, Community Support, and Tokenomics—could not be scored due to insufficient data (-1.0) and were excluded from the weighted average. Across the evaluable sections, FTD demonstrates severe liquidity constraints, negligible daily trading volume (~€35.51), a fully diluted valuation of roughly €119k, and an anonymous team without verifiable governance activity, pointing toward functional dormancy or abandonment. On the security front, CertiK completed an audit in January 2025 across SWAP and minting contracts, uncovering 13 findings (including 1 Major centralization risk and 4 Medium logical issues); however, all findings remain merely acknowledged rather than resolved. While no protocol-level exploits, regulatory enforcement actions, or fraudulent activities were identified, the project's extreme drawdown (>99.97% from all-time highs) and near-zero market presence present critical risks.
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 Forty Two DAO Token (FTD)
Forty Two DAO Token (FTD) is the governance token for 42DAO and the Balance Protocol, a decentralized finance project operating on the BNB Smart Chain (BSC). The protocol is designed around a decentralized autonomous organization framework and associated smart contracts, including 42daoSwap and the BLCMinting system, which is intended to issue a USD-pegged stablecoin named BLC.
The project's smart contracts underwent a third-party security audit conducted by CertiK, which was delivered in January 2025. The audit evaluated the SWAP and minting contracts, identifying a total of 13 findings: one Major centralization issue, four Medium logical issues, five Minor issues, and three Informational notices. All 13 findings were acknowledged by the team, though none were verified as resolved by the auditor.
FTD faces severe market and operational challenges. The token has experienced a price crash exceeding 99.97% from its all-time high of $5.33, accompanied by negligible daily trading volume and minimal market liquidity. In addition, the project operates with an anonymous team, lacks demonstrable on-chain governance activity, and has no official website, whitepaper, or roadmap, leading to indications of functional dormancy or abandonment.