JAM
JAM
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
JAM (PT. Sparclabs Abadi Cemerlang / JAM Street) demonstrates severe structural, technical, and market vulnerabilities across all evaluation dimensions. The project operates on a completely closed-source model without public code repositories, third-party security audits, or bug bounty programs. Centralization is extreme: contract authorities are retained under corporate management, no DAO or decentralized governance framework exists, and over 75% of the total 1,000,000,000 supply remains locked in team, treasury, and development allocations, presenting heavy future dilution overhang. Market performance is weak, characterized by an unrecovered 91.5% drawdown from its June 2026 all-time high of $0.07733 and consistently thin liquidity under $20,000 daily volume. While no protocol-level exploits, regulatory enforcement actions, or confirmed fraudulent mechanisms were affirmatively established in the incident ledger, the lack of transparency, independent verification, and organic adoption yields an exceptionally weak risk profile.
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 JAM (JAM)
JAM (JAM) is an SPL utility token on the Solana blockchain issued by the Indonesian corporate entity PT. Sparclabs Abadi Cemerlang under the Just A Move initiative. The token is designed to function as an in-app reward and settlement currency for localized commerce within the JAM Street mobile application ecosystem. The project is led by founder Johan Aripin Muba and CEO Andre Arthur, operating under a centralized corporate framework.
The token has a fixed total supply of 1,000,000,000 JAM, with an estimated 10% to 18% in active circulation. Over 75% of the total supply is held across team, development, treasury, and strategic reserve allocations, structured under an 18- to 36-month linear vesting schedule. Token utility within the JAM Street app is built around a closed-loop settlement model with emission-based staking mechanics.
JAM has experienced significant market distress, suffering an unrecovered price drawdown of approximately 91.5% from its June 2026 all-time high of $0.07733, alongside thin liquidity with daily trading volumes typically below $20,000. Structurally, the project maintains a centralized operational model with no DAO governance, closed-source code without public repositories, centralized contract control, and no completed independent third-party smart contract audits or bug bounty programs.