Garlicoin
GRLC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Garlicoin (GRLC) is a legacy proof-of-work meme cryptocurrency launched in 2018 that is currently in a state of near-total dormancy. Active development has effectively ceased with no meaningful releases since 2023, while community engagement, governance structures, and accountable leadership are absent. On the tokenomics side, GRLC operates with a fixed supply cap (69M GRLC) and a fair launch model with 99.85% of supply circulating and minimal inflation (~0.11%), yet it provides zero token utility. Market liquidity is functionally non-existent, characterized by daily trading volume below $10–$300 and a sub-$300K market cap. In terms of security, GRLC has no formal audits by CertiK or recognized third parties, possesses unverified wrapped contracts on ERC-20/BSC, and holds a mediocre CertiK Skynet score of 62.45/100, though no protocol-level exploits, hacks, or regulatory proceedings were identified. With no data gaps across sections and no qualifying red-flag events, the weighted average score is 2.2/10, representing an unmaintained micro-cap meme coin with extreme liquidity and abandonment 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 Garlicoin (GRLC)
Garlicoin (GRLC) is a garlic-bread-themed meme cryptocurrency launched in 2018. Built as an ASIC-resistant, GPU-mineable proof-of-work blockchain using a UTXO model similar to Litecoin, it functions as an independent network with over 6.5 million mined blocks. The asset was created as a community novelty and decentralized payment currency without complex smart contract capabilities, though wrapped versions exist on Ethereum (ERC-20) and BNB Smart Chain.
The project operates under a fair-launch model with no premine, venture funding, or vesting schedules. GRLC has a maximum supply cap of 69,000,000 tokens, of which approximately 99.85% is in circulation. The network implements a block reward halving mechanism every 690,000 blocks, resulting in a low annual inflation rate of roughly 0.11%. The token offers no documented utility, staking mechanisms, or platform access functions, and the project is maintained by an anonymous team without formal governance or a decentralized autonomous organization (DAO).
Garlicoin is in an extended state of dormancy. Software development has effectively stalled, with no major code releases or protocol upgrades since 2023. GRLC has never completed a formal security audit by CertiK or other third-party audit firms, holding a CertiK Skynet security score of 62.45/100 and a 50% code security rating. While the network has not experienced verified protocol exploits, hacks, or regulatory enforcement actions, the asset trades with micro-cap valuation and negligible daily trading liquidity.