ORANGE

ORNG (Orange Web3) presents a stark contrast between strong corporate backing and a concerning lack of technical transparency. The project earns high marks for its Team and Governance (8.5/10), driven by the established RedFOX Labs leadership, public CEO Ben Fairbank, and strategic partnerships with Ava Labs. The concept of a dedicated Avalanche Subnet for the creator economy and gaming (Market Score 6.5/10) is fundamentally sound and well-positioned within the 'Base Pair' liquidity model. However, the technical fundamentals are alarmingly opaque. Active Development scored a critical 1/10 due to the complete absence of public repositories, code commits, or verifiable engineering activity, suggesting a reliance on managed 'low-code' infrastructure rather than custom open-source development. Security is also a weak point (4.5/10) due to the lack of public smart contract audits, despite a clean operational history. The Community Support (4.5/10) is heavily reliant on the migration of legacy RFOX holders rather than organic growth. Tokenomics (6.2/10) are decent but carry centralization risks with significant supply locked by the foundation. Overall, ORNG functions more as a managed corporate product than a decentralized protocol, making it a credible but highly opaque venture.