Hacash Diamond
HACD
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
HACD (Hacash Diamond) is a native Proof-of-Work collectible asset within the Hacash blockchain ecosystem, launched in May 2019. The project demonstrates unique scarcity mechanics via monotonic difficulty scaling and HAC burning, earning a Tokenomics score of 6.5. However, this is heavily countered by critical weaknesses across other dimensions: Market and Use Case (2.0) suffers from severe illiquidity ($0 to ~$3K daily volume), micro-cap valuation, and absence of utility beyond speculative collectibility. Active Development (4.5) displays single-developer bus-factor concentration, while Team and Governance (4.0) and Security and Audit History (4.5) reflect complete team anonymity, lack of independent security audits, and an informal governance structure. Community Support (2.5) shows virtually no verifiable engagement. No qualifying red-flag events or confirmed fraud were identified. The overall score of 4.15 is derived directly from the weighted average of all six evaluated sections.
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 Hacash Diamond (HACD)
Hacash Diamond (HACD) is a native Proof-of-Work (PoW) collectible asset on the Hacash blockchain, launched on May 16, 2019. It functions as a hybrid fungible and non-fungible token with a mathematically capped maximum supply of 16,777,216 units. HACD is minted through an on-chain bidding and mining mechanism that features monotonically increasing difficulty and requires burning the network's sister currency, HAC, during competitive issuance.
The project was established by an anonymous creator or group in 2018 without pre-mining or centralized corporate management. Development on the Hacash protocol is open source, and network adjustments, such as the Istanbul upgrade, are coordinated through the Hacash Improvement Proposal (HIP) process. However, development exhibits high developer concentration, with versioned fullnode releases historically published by a single account, while governance relies on informal coordination rather than formalized on-chain voting.
HACD exhibits significant operational and market risks. The protocol, mining mechanisms, and associated wallet software have no record of independent third-party security audits. Market metrics show severe illiquidity, characterized by daily trading volumes between $0 and roughly $3,000, along with inconsistent circulating supply and market capitalization figures across tracking platforms. Additionally, the asset has limited documented utility outside of speculative collectibility and maintains minimal verifiable community and social engagement.