My Lovely Coin
MLC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
My Lovely Coin (MLC) is the utility token for My Lovely Planet, a Web3 mobile gaming initiative aimed at environmental action. Across the evaluated dimensions, the project demonstrates severe structural weaknesses: Active Development (2.0/10) has been stalled for over 12-18 months with no public codebases or updates since mid-2024; Community Support (2.5/10) lacks verifiable organic engagement; Tokenomics (5.0/10) exhibits supply documentation discrepancies and centralized treasury management; Market and Use Case (3.5/10) reflects micro-cap near-illiquidity with minimal daily trading volume; Team and Governance (5.0/10) features anonymous leadership despite legacy accelerator recognition from Ubisoft and Unity; and Security and Audit History (4.0/10) highlights an absence of third-party smart contract audits across three deployed chains (Polygon, Solana, BSC). While no exploits, hacks, or fraudulent actions were identified, the lack of ongoing development, audits, and liquidity places MLC in a precarious position.
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 My Lovely Coin (MLC)
My Lovely Coin (MLC) is the utility token of My Lovely Planet, a Web3 mobile gaming project centered on environmental initiatives. The token is designed to connect in-game activities with real-world environmental impact. MLC has been deployed across multiple networks, including Polygon, Solana, and BNB Smart Chain (BSC). Project affiliations noted in historical materials include participation in the Ubisoft Entrepreneurs Lab at Station F and recognition through the Unity for Humanity Award.
The project utilizes a deflationary supply model with long vesting schedules, where token utility is integrated into mobile gameplay and governance voting is restricted to directing the Environmental Treasury and selecting partner NGOs. Management of the treasury and protocol mechanics remains centralized, and available documentation does not identify the founders, executives, or core development team members.
Evaluation data highlights several structural and operational risks. Active development has remained stalled or opaque for over 12 to 18 months, with no public codebases, security audits, or roadmap updates published since mid-2024. Additionally, no third-party smart contract audits have been disclosed for any of its contract deployments on Polygon, Solana, or BSC. The token exhibits micro-cap liquidity characteristics, inconsistent circulating supply figures between the whitepaper and launch documentation, and very low daily trading volume.