MCH Coin
MCHC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
MCHC (MCH Coin) serves as the governance token for My Crypto Heroes, a blockchain gaming project active since 2018. While the project exhibits a clean incident ledger with no recorded hacks, exploits, or legal enforcement actions, it shows severe fundamental and market weaknesses. Development activity lacks verifiable public code commits or releases, community engagement is minimal with dormant channels and a small holder base, and the market profile is constrained at a micro-cap valuation ($277K-$520K) with negligible daily liquidity. Governance remains centralized under MCH Co., Ltd., and contract analysis identifies proxy upgradability and holder concentration without a publicly available audit report. With high circulating supply (~97%) mitigating unlocks but limited ecosystem traction and utility, MCHC presents substantial operational and liquidity risks.
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 MCH Coin (MCHC)
MCH Coin (MCHC) is the governance and utility token for My Crypto Heroes, a turn-based multiplayer role-playing blockchain game developed and operated by MCH Co., Ltd. Released in 2018, the project utilizes non-fungible tokens (NFTs) for in-game assets and heroes, operating across the Ethereum and Polygon networks. Within the ecosystem, MCHC is utilized for minting and trading NFTs, participating in governance regarding game rules, and earning in-game resources such as Cryptonium.
The token has a high circulating ratio, with approximately 36.72 million tokens in circulation out of a total supply of roughly 37.75 million (about 97%). Governance operates on a 1 MCHC equals 1 vote framework that supports delegation, though voting scope is restricted to in-game parameters while broader project administration remains under the corporate control of MCH Co., Ltd. Information regarding maximum supply caps, detailed allocation breakdowns, and formal vesting schedules is not publicly documented.
From a market and security perspective, MCHC operates at a micro-cap valuation with minimal 24-hour trading volume and thin liquidity. While the project has no recorded history of security exploits, hacks, or regulatory actions, evaluations highlight notable technical and operational risks. Smart contract scans identify upgradeability risks via proxy contract mechanics alongside holder concentration, where a single holder accounts for roughly 21.69% of the supply outside exchange and locked contracts. Additionally, while the project maintains a CertiK Skynet score of 71.27 (BBB rating), no full, public audit report is currently available.