HairDAO
HAIR
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
HAIR (HairDAO) is a decentralized science (DeSci) and biotech open-source R&D network focused on hair-loss treatments. The project benefits from an identified founding team with legitimate biotech and legal affiliations, alongside an automated contract scan showing no honeypots, blacklist mechanisms, or past exploits. However, the token suffers from significant operational and market weaknesses: development velocity has been sparse since early 2025 with poor engineering transparency, community engagement telemetry is stale over the past 12-18 months, and the project lacks a formal human-conducted third-party security audit. Economically, HAIR displays low circulating liquidity, severe holder concentration, a treasury heavily reliant on its own native token, and extreme price volatility against a micro-cap valuation ($8M–$12M). No qualifying red-flag events or data gaps were identified.
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 HairDAO (HAIR)
HairDAO (HAIR) is a decentralized science (DeSci) and biotechnology open-source research and development network focused on the study and treatment of hair loss. Founded in 2021 by Andrew Verbinnen and Andrew Bakst, the project operates on the Ethereum and Base blockchains. The network facilitates collaboration among patients, researchers, and clinicians, allowing participants to propose and vote on research initiatives. In January 2025, the project deployed an on-chain telehealth service to support its operational model.
The HAIR token functions as the native governance and utility asset for the network. Token holders use HAIR to vote on research funding allocations, receive rewards for contributing health and research data, and access discounts on related products. The token has a fixed total supply of 1,533,338 tokens with approximately 43% in circulation and no ongoing inflationary emissions. However, the tokenomics design does not include programmatic demand sinks or fee-sharing mechanisms, and the project treasury is predominantly held in its own native token.
HairDAO operates with a micro-cap market valuation between $8 million and $12 million and has experienced extreme price volatility, with a 52-week trading range between $8.85 and $114.48 alongside thin liquidity across decentralized and centralized markets. While automated smart contract scans show no honeypot mechanics, mint functions, or transfer restrictions, the HAIR smart contract has not undergone a formal human-conducted third-party security audit and retains owner privileges. Additionally, public engineering telemetry and development activity have been sparse following early 2025, accompanied by limited verifiable community engagement data over recent evaluation periods.