Ninja Squad Token
NST
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Ninja Squad Token (NST) is an ecosystem utility and membership token spanning Ethereum, Arbitrum, and Solana with an evaluated overall score of 3.0/10. The project faces notable structural weaknesses across multiple operational dimensions. Active development is effectively stalled with no verifiable public repositories, code updates, or protocol upgrades. Community engagement and governance are virtually non-existent, operating as a centralized tiered membership model rather than a decentralized protocol, with an largely anonymous team centered on a single public founder. While tokenomics benefit from a fixed supply cap with ~86% circulating, trading volume and market liquidity remain thin. Security evaluation reveals that despite marketing claims of audited contracts, no verified third-party audit has been submitted to Etherscan or identified from reputable security firms. No qualifying catastrophic red-flag events (exploits, depegs, or regulatory enforcement) were documented, but the lack of independent security verification, combined with stagnant development and low adoption, places the token at elevated 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 Ninja Squad Token (NST)
Ninja Squad Token (NST) is the utility and membership token for the Ninja Squad and Ninja Traders ecosystem. Initially deployed on Ethereum as an ERC-20 token, it has also been bridged to Arbitrum One and Solana. The token features a capped maximum supply of 10,000,000 tokens, with approximately 86% in circulation. It is designed to facilitate ecosystem utility, including non-fungible token (NFT) staking rewards and an off-chain gasless mechanism.
The core functionality of NST revolves around a five-tier membership structure (Levels 0 through 4) that grants access to ecosystem tools, analytics, and service discounts based on token holdings. The project was founded by Kemal Hicyilmaz (known as Crypto Kemal), while the remainder of the team remains largely anonymous without verifiable public credentials. Despite external marketing references to community voting, the project does not operate a decentralized autonomous organization (DAO) or on-chain governance framework, functioning instead through centralized access tiers.
Evaluation of the project highlights several operational and security concerns. Active development is effectively stalled, with no public code repositories, recent smart contract upgrades, or ongoing feature releases. Furthermore, while promotional materials claim the contracts are audited, Etherscan records show no contract security audit submitted, and no third-party audit reports from recognized security firms exist in project documentation. The token also exhibits low market liquidity, thin trading volume, and negligible recent on-chain transaction activity on secondary networks such as Arbitrum.