Laqira Protocol
LQR
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Laqira Protocol (LQR) is a UAE-based multi-product ecosystem encompassing DeFi, GameFi, and NFT services on Binance Smart Chain. Across evaluations, the project displays several structural weaknesses. Active development is in a low-intensity maintenance state with sparse updates and unverified execution on roadmaps. Tokenomics present significant dilution risks, with an estimated circulating supply of ~88.62M against a maximum supply of 2.5B (resulting in a high FDV relative to its micro-cap market cap of ~$2.1M-$2.46M), no public vesting schedules, and liquidity concentrated on a single venue. Security remains a concern due to the lack of a verifiable third-party smart contract audit covering its multi-product surface, though searches revealed no confirmed exploits, hacks, or legal actions. Team leadership is identified via CEO Sina Osivand, but governance remains centralized without evidence of active on-chain DAO treasury execution. A data gap was noted in Community Support (-1.0), as retrieved sources lacked verifiable social sentiment or governance participation data; its weight was proportionally redistributed across the remaining five sections. No qualifying red-flag event was established, yielding a mathematically derived overall score of 3.7/10.
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 Laqira Protocol (LQR)
Laqira Protocol (LQR) is a multi-product ecosystem encompassing decentralized finance (DeFi), GameFi, and NFT services deployed on the Binance Smart Chain. Founded in the United Arab Emirates as a subsidiary of TOBTC TRADING LLC and launched in late 2021, the project encompasses several utilities, including an NFT marketplace, token swap mechanisms, and a payment gateway (LaqiraPay). The LQR token functions as the core utility and governance asset within this environment.
The project is led by founder and CEO Sina Osivand, though the remainder of the team remains largely undisclosed. Insider distributions account for roughly 15% allocated to the team and 5% to advisory and development. Governance features a proposal, voting, and timelock system, although active decision-making remains founder-led without evidence of independent on-chain decentralized autonomous organization (DAO) treasury management. Token supply metrics present a circulating supply of approximately 88.62 million LQR against a maximum supply cap of 2.50 billion tokens, establishing a significant disparity between its micro-cap market value and its fully diluted valuation.
The protocol faces several structural and operational concerns. Ongoing technical development operates in a low-intensity maintenance posture with limited verifiable milestone execution. In addition, tokenomics lack public vesting schedules and transparent allocation documentation, while trading liquidity is heavily concentrated on a single exchange. While no hacks, exploits, depegs, or regulatory actions have been documented, the multi-product code architecture carries a broad attack surface without verifiable, third-party smart contract audit documentation from recognized security firms.