Defi-Ira
IRA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
DeFi-IRA (IRA) is a micro-cap token on the Base network offering passive income and fixed-yield CD products. Across all evaluated dimensions, the project demonstrates severe structural and operational weaknesses. Active development is effectively nonexistent, with no public codebase, versioned releases, or verifiable software engineering. Community engagement is near the floor, characterized by a tiny holder base (~596 holders) and a complete lack of active governance forums or social channels. While the token exhibits favorable circulating supply metrics (~99% circulating of its 222M max supply), tokenomics suffer from absent utility documentation and zero transparency into vesting or treasury mechanics. Governance is centralized under a two-person team lacking verifiable credentials, and the 'IRA' branding functions purely as marketing without regulatory or tax-advantaged backing. Notably, the Security and Audit History section suffered from a data gap (scored -1.0) due to search queries being consumed by name-collision results involving IRA Financial Trust (which suffered an unrelated $36M hack in 2022); no verifiable audit reports or incident records specifically for this Base token were surfaced. With low liquidity, opaque treasury management, and weak project fundamentals, the token carries extreme risk.
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 Defi-Ira (IRA)
DeFi-IRA (IRA) is an ERC-20 token deployed on the Base blockchain that operates as a micro-cap decentralized finance project. The token is designed around a passive-income model, offering holders Ether (ETH) dividends funded through a 4% transaction fee, alongside fixed-term certificates of deposit (CDs) that advertise yields backed by a protocol reserve termed the "NestEgg Treasury." The total circulating supply stands at approximately 219.8 million tokens out of a maximum supply of 222 million.
The project is managed by a two-person team comprising Alan Grove and Chris Gipson (operating under the pseudonym Auwyne). Governance is centralized and informal, with no decentralized autonomous organization (DAO), on-chain voting infrastructure, or public token vesting schedules in place. Despite the "IRA" branding, the project explicitly disclaims any association with regulated, tax-advantaged retirement accounts.
Evaluation of the project reveals several operational and transparency risks. Defi-Ira maintains no public codebase, versioned software releases, or third-party security audits. Furthermore, the token exhibits extremely low trading volume, a limited holder base, and lacks public documentation detailing treasury management or verifiable mechanisms for yield generation.