NanoByte
NBT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
NanoByte (NBT) is an exchange and utility token linked to the Indonesian crypto-fiat platform Nanovest. The project exhibits multiple critical structural vulnerabilities. A data gap was noted in Active Development (scored -1.0 due to an absence of verifiable token-specific code repositories and commits), necessitating the redistribution of its 20% weight across the remaining categories. The community is functionally dormant, with negligible on-chain holders and daily volume averaging a few hundred dollars. Tokenomics pose severe risk due to a massive supply overhang, with roughly 90% of the 10 billion total supply non-circulating without transparent vesting schedules. Security is limited by a single stale CertiK audit from November 2021 with an unresolved Major Centralization/Privilege finding and a weak 45% code security score. While the project benefits from identified institutional backing via Sinar Mas Financial Group and has no recorded exploits or legal actions, its severe illiquidity, lack of development transparency, and extreme supply centralization present unfavorable risk-reward dynamics.
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 NanoByte (NBT)
NanoByte (NBT) is an exchange and utility token associated with Nanovest, an Indonesian crypto-fiat bridging and investment platform. Launched in 2022 and operating across both BNB Chain and Ethereum, the token is designed to facilitate local crypto adoption by providing regional use cases such as staking rewards, cashback incentives, payment bridges, and partner platform benefits. The project features a centralized corporate structure and institutional backing from Sinar Mas Financial Group.
The project faces notable structural and market challenges. Approximately 90% of the token's total 10 billion supply remains non-circulating without publicly disclosed vesting schedules, creating a significant supply overhang. On-chain metrics show a very small holder base on Ethereum, low daily trading volumes across available market pairs, and an absence of decentralized governance mechanisms or community forums. Furthermore, there is a lack of verifiable, dated token-specific development activity and public code repository updates.
From a security and market perspective, NanoByte underwent a smart contract audit by CertiK in November 2021. The audit identified a Major finding related to centralization and privileged administrative functions that was only partially resolved, alongside a weak 45% code security sub-score. Market monitoring has also highlighted intermittent volume spikes amid generally thin liquidity. While no security breaches, exploits, regulatory enforcement actions, or protocol insolvencies have been recorded for the token, its operations remain heavily dependent on centralized management and a single regional CeFi platform.