ICHI
ICHI
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
ICHI exhibits an overall weak profile characterized by dormant development, inactive governance, and circular tokenomics, despite having a documented historical smart contract audit. Active development is stalled with no recent verifiable code releases or active proposals (2.5/10). Community support has largely collapsed, showing negligible governance turnout and an inactive holder base (1.0/10). Tokenomics relies on an inflationary liquidity mining model with circular utility and missing supply/vesting documentation (3.0/10). The Team and Governance evaluation reflects anonymous leadership and minimal public governance participation (3.0/10). On security, Quantstamp completed a verifiable audit of the core oneToken issuance contracts with no confirmed exploits or regulatory actions identified in the retrieved records, though audit coverage beyond the core repository is unverified (5.5/10). Market and Use Case received an Insufficient Data designation (-1.0) due to a ticker collision with non-crypto entities in retrieved sources, and its weight was redistributed across the remaining sections. The calculated weighted average across available sections yields an overall score of 3.0/10.
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 ICHI (ICHI)
ICHI (ICHI) is a decentralized finance protocol designed to enable cryptocurrency communities to issue and govern branded, collateralized stablecoins referred to as "oneTokens" through a Decentralized Monetary Authority (DMA) mechanism. The protocol has deployments across multiple blockchain networks, including Ethereum, BNB Chain (BSC), Polygon, and Arbitrum, allowing partner projects to create stable assets backed by their own native tokens alongside external collateral.
The ICHI token serves as the governance and incentive asset within the protocol. Its tokenomics structure historically utilized an inflationary liquidity mining model featuring community-governed emission halvings. Token utility is largely circular, oriented around emissions and governance staking, without documented mechanisms for token burning, protocol fee capture, or buybacks. Additionally, there is a lack of verifiable public documentation regarding total supply, circulating supply, insider allocations, and vesting schedules.
ICHI exhibits several operational risks, including stalled development activity with no recent verifiable code releases and an anonymous founding team. Community and governance participation have largely collapsed, marked by a minimal active holder base and recent governance proposals failing to register voter turnout. On security, ICHI's core oneToken smart contracts underwent an independent audit by Quantstamp, which resolved or acknowledged identified findings; however, third-party audit coverage across the remainder of the protocol's contracts is not evidenced. Section analyses identified no confirmed smart contract exploits, oneToken depegs, or regulatory enforcement actions against the protocol.