KUB Coin
KUB
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
KUB (KUB Coin) achieves a weighted average score of 4.30/10 across all evaluation dimensions. Active Development (5.5/10) and Tokenomics (5.5/10) demonstrate an operational Layer 1 proof-of-stake network with utility in gas fees, staking, and exchange fee credits, though allocation opacity and GitHub activity transparency remain issues. Team and Governance (5.5/10) is anchored by corporate issuer Bitkub Blockchain Technology Co., Ltd., though decision-making remains highly centralized. Major weaknesses exist across Community Support (1.5/10), reflecting an extremely small on-chain holder base (<400 addresses) and near-total lack of organic engagement, and Market & Use Case (4.5/10), characterized by a 96.2% drawdown and closed-loop exchange dependency. Critical security and regulatory risks (2.5/10) severely weigh down the asset: CertiK Token Scan flags severe smart contract centralization (mintability, modifiable balances, blacklist functions, 99.9% holder concentration), no token-level audit is present, and issuer Bitkub faces recent criminal complaints from Thailand's SEC (July 2026) regarding alleged concealment of a historical May 2021 exchange hack.
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 KUB Coin (KUB)
KUB (KUB Coin) is the utility and ecosystem coin associated with the Bitkub digital asset exchange in Thailand, developed by Bitkub Blockchain Technology Co., Ltd. It serves as the native currency for the Bitkub Chain (a Layer 1 proof-of-stake network) and also exists as an ERC-20 token on Ethereum. KUB has a maximum fixed supply of 110,000,000 tokens and is utilized for network transaction gas fees, proof-of-stake validation staking, Bitkub Exchange trading-fee credits, and advisory governance voting via gKUB.
Governance and network parameters remain largely centralized under the corporate issuer, with on-chain KUB Vote staking functioning primarily as an advisory signal rather than autonomous DAO execution. Smart contract analysis from CertiK Token Scan has noted central administrative controls on the token contract, including mintability, modifiable balances, a blacklist function, unrenounced ownership, and a 99.90% major holders concentration. Furthermore, the token has experienced a substantial market drawdown of approximately 96.2% from an all-time high of $17.24 down to $0.65, alongside an on-chain holder base of fewer than 400 addresses.
The project and its affiliated exchange have been subject to notable security incidents and regulatory enforcement actions. In May 2021, the Bitkub exchange experienced a cyberattack that resulted in approximately 1.7 billion baht (around $50 million to $51 million) stolen across 16 digital assets, which the company subsequently reimbursed by October 2021. In September 2022, Thailand's Securities and Exchange Commission (SEC) took enforcement action against Bitkub's Chief Technology Officer over suspected insider trading. Later, in July 2026, Thailand's SEC filed criminal complaints against Bitkub and two former directors, alleging they made false statements to conceal the 2021 exchange hack.