IBS

IBS (International Blockchain Service) presents a profile of a high-risk, low-cap project with weak fundamentals, salvaged primarily by a verifiable security history. The project's strongest attribute is its Security and Audit History (Score 7/10), evidenced by a clean audit from Fairyproof and no recorded exploits. However, the remaining pillars of the analysis reveal deep structural concerns. Technical development is virtually non-existent in the public eye ('ghost town' GitHub), raising questions about long-term viability and software maintenance beyond basic contract migrations. Tokenomics are highly concerning, with approximately 80% of the supply non-circulating, creating immense inflation risk and centralization. Furthermore, the governance is opaque and centralized within a private company (IBSA Pvt. Ltd.), lacking the decentralized control typical of mature crypto assets. While the project targets a specific niche in blockchain education and 'BaaS' for emerging markets, its 'all-in-one' roadmap lacks focus, and community engagement is low and localized. Consequently, IBS is suitable only for high-risk tolerance speculators betting on its specific educational utility, as it lacks the transparency, liquidity, and development velocity required for a standard investment grade.