Okcash
OK
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Okcash (OK) is an open-source, hybrid PoW/PoS digital cash project launched in November 2014. While the project benefits from a decade of operational history, a fair-launch background with no ICO or pre-mine, and a fixed supply cap of 105 million tokens, it displays weak investment fundamentals across all critical dimensions. Core protocol development has slowed to maintenance-only mode with no recent major core releases, open issues, or active PRs. Community presence is minimal, with only 651 holders on its Ethereum-bridged contract and negligible governance activity. The project faces severe competitive headwinds in the peer-to-peer digital payments sector alongside liquidity fragmentation across nine bridged chains and reliance on a single pseudonymous developer (OKToshi). Direct protocol exploit losses stand at $0.00, though historical holder exposure to the third-party Cryptopia exchange breach and opaque treasury management add further 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 Okcash (OK)
Okcash (OK) is an open-source, peer-to-peer digital payments cryptocurrency launched in November 2014. Built with a hybrid Proof of Work (PoW) and Proof of Stake (PoS) consensus mechanism, the project originated through a fair launch with no initial coin offering (ICO), pre-mine, or venture capital backing. Beyond its native chain, wrapped representations of the token have been deployed across nine distinct blockchains, including an ERC-20 deployment on Ethereum. The token has a fixed maximum supply of 105 million OK, with approximately 85% in circulation.
The project was founded by a pseudonymous developer known as OKToshi and includes a treasury holding roughly 10.6% of the supply, though governance mechanisms lack formal on-chain voting infrastructure. Core protocol development operates in a maintenance-only state, with its last tagged core release dating to March 2024 and minimal subsequent commit activity, open issues, or pull requests. Okcash also exhibits limited on-chain adoption and trading activity, with only 651 holders recorded on its Ethereum contract.
While the Okcash protocol has recorded no direct exploit losses ($0.00), OK holders were historically affected by the third-party Cryptopia exchange breach. Additional operational risks include thin market liquidity fragmented across multiple bridges and structural reliance on a single pseudonymous developer.