HashPack
PACK
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
PACK is the native utility and loyalty token for HashPack, the primary non-custodial wallet ecosystem on Hedera Hashgraph. The project demonstrates solid operational foundations, led by a fully public core team (May Chan, Tyler Coté, and Jacob D'Rozario) with an established Quantstamp audit for the wallet interface and a clean security record free of exploits, hacks, or adverse regulatory actions. Product releases and governance updates remain active through 2026. However, PACK faces notable structural headwinds: market adoption is limited, characterized by a micro-cap valuation of ~$3.3M–$3.4M, very thin daily trading liquidity ($6K–$11K), and lack of direct value-accrual or fee-sharing tokenomics. Furthermore, token distribution exhibits significant centralization risk, with 47% vested to HashPack multisigs and 51% routed through a community treasury multisig. No qualifying red-flag events or data gaps were identified.
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 HashPack (PACK)
PACK is the native utility and loyalty token of HashPack, a non-custodial cryptocurrency wallet operating on the Hedera network (Token ID: 0.0.4794920). Founded by May Chan, Tyler Coté, and Jacob D'Rozario, the HashPack interface serves as a retail gateway to decentralized applications, decentralized finance protocols, and non-fungible tokens on Hedera. The project initially received grant support from the HBAR Foundation and has maintained regular software release cycles and governance updates.
The token features a fixed maximum supply of 1,000,000,000 PACK with no algorithmic supply adjustments or burn mechanisms. A total of 800 million tokens are allocated across public on-chain vesting contracts over a six-year linear schedule. PACK is utilized within the wallet ecosystem for user incentive programs and participatory on-chain governance via the hashgraph.vote platform, which utilizes proof-of-holding mechanics and NFT-weighted voting tiers. The HashPack wallet application has been audited by Quantstamp and incorporates local device-level encryption alongside hardware wallet integrations.
Despite an operational history free of protocol exploits, depegs, or regulatory actions, the token presents specific structural and market risks. PACK exhibits low liquidity and limited market scale, with a market capitalization of approximately $3.3M to $3.4M and daily trading volumes between $6,000 and $11,000. Token distribution carries centralization risk, as 47% of the maximum supply is vested to HashPack-controlled multisignature accounts and 51% is managed through a community treasury multisig. Additionally, the token lacks structural fee-sharing mechanisms, the governance framework remains advisory under core team curation, and the core wallet codebase is predominantly closed-source.