Nemesis
NEMESIS
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Nemesis (NEMESIS) is a decentralized margin trading protocol on Base that exhibits severe structural vulnerabilities across all evaluated areas. The project operates with closed-source code, has undergone no formal third-party security audits, and maintains centralized upgrade authority via an upgradeable proxy managed by a pseudonymous founder ('Peter'). Token distribution is heavily concentrated, with the top 100 wallets controlling more than 86% of the supply, and decentralized governance mechanisms remain inactive. In the market, the token faces low liquidity, negligible volume, and an unrecovered price collapse exceeding 93% from its all-time high. While no qualifying red-flag exploit or regulatory enforcement action was reported, the combination of opaque development, extreme token concentration, centralized control, and absence of audits presents critical risk.
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 Nemesis (NEMESIS)
Nemesis (NEMESIS) is a decentralized margin trading protocol deployed on the Base network. Introduced following participation in the YZi Labs EASY Season 3 incubator, the platform is designed around an Omni-directional Market Maker architecture intended to support leveraged long and short trading up to 5x. The project has launched a V1 Testnet, and the NEMESIS token operates with a fixed total supply of 1,000,000,000 tokens launched in late October 2025.
The protocol's smart contract infrastructure utilizes an upgradeable proxy pattern that includes ERC20VotesUpgradeable functionality; however, formal decentralized governance remains inactive, leaving administrative upgrade authority under the centralized control of a pseudonymous founder known as "Peter." The project's code repositories are closed-source, and the protocol has not completed any independent third-party security audits. Token distribution is heavily concentrated, with the top 100 wallet addresses controlling over 86% of the circulating supply.
Since its launch, NEMESIS has experienced severe market contraction, including an unrecovered price crash of more than 93% from its all-time high. The token maintains low liquidity and trading activity, with decentralized exchange trading primarily confined to Uniswap V4. While no protocol exploits or regulatory enforcement actions have been reported, the platform remains subject to structural risks associated with centralized administrative control, unaudited code, and high holder concentration.