Nodepay
NC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Nodepay (NC) is an AI bandwidth and decentralized data-sharing protocol on Solana that demonstrates severe fundamental risks. On the development and team front, the project benefits from a known founding team with institutional backgrounds and $7M in seed funding, along with a high-level 2025-2026 roadmap; however, execution evidence remains shallow with no public code repositories, changelogs, or active DAO governance. Tokenomics and market metrics are weak, characterized by substantial insider concentration (36-44%), locked-up staking pools, multi-year supply overhang, severe data discrepancies across aggregators, and a micro-cap valuation under $400K with thin liquidity. In security, there are no documented third-party smart contract audits or verified security platform ratings. Note: Community Support lacked sufficient data (-1.0) and was excluded from the weighted score calculation, with its weight redistributed across the remaining sections.
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 Nodepay (NC)
Nodepay (NC), with its native token Nodecoin, is a decentralized bandwidth-sharing and artificial intelligence data platform launched on the Solana blockchain in 2024. The project is designed to facilitate a node-sharing model where participants contribute network resources and bandwidth in exchange for token rewards. Nodepay is led by a team with professional backgrounds at firms such as JPMorgan Chase, SAP, and Zalo, and secured $7 million in seed funding from investors including Animoca Brands and Jump Crypto. Development plans outlined by the project include the rollout of a NodeOS Desktop client, a data marketplace, and a transition from V1 to V2.
The NC token has a fixed total supply of 1 billion tokens, with an initial circulating supply of 208 million and no ongoing inflation or burn mechanisms. Token utility includes governance rights, network service payments, and staking, though the protocol's primary staking pool is currently closed. Insiders and the project treasury hold approximately 36% to 44% of the total supply, subject to multi-year vesting schedules including a 12-month lock-up and 24-month linear vesting for team allocations.
The project faces notable structural and market challenges. Following its launch in January 2025, the NC token experienced a severe price collapse, accompanied by community complaints regarding post-launch team inactivity. Furthermore, Nodepay operates with centralized governance and lacks verifiable third-party smart contract security audits, public code repositories, or official changelogs. The token trades at a micro-cap valuation with thin liquidity, and major market aggregators exhibit significant discrepancies regarding its circulating supply and historical pricing metrics.