Red Kite
PKF
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
PKF (Red Kite / PolkaFoundry) exhibits signs of severe dormancy and market abandonment across multiple dimensions. Active development has stalled with no verifiable code releases, GitHub activity, or updates since early 2023. Community engagement is virtually nonexistent, reflected in negligible social activity and 24-hour trading volumes dropping below $1,000. While PKF has a fixed supply of 200,000,000 tokens with roughly 57.35% in circulation, market demand has collapsed, leading to an estimated ~77%+ annual loss and sub-$300K market capitalization. On security, CertiK Skynet assigns a BBB score (74.42), and no exploits or legal enforcement actions were identified; however, public audit reports are unavailable and the token suffers from an unrecovered post-2021 market crash. Note that the Team and Governance section lacked sufficient crypto-specific data (-1.0) and was excluded from the weighted score calculation. With active development frozen, minimal liquidity, and an inactive community, the token presents severe downside 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 Red Kite (PKF)
PKF (Red Kite) is the launchpad token for the Red Kite platform within the PolkaFoundry ecosystem, deployed on the Ethereum blockchain. The token was created to support launchpad operations, featuring a fixed total supply of 200,000,000 PKF without an inflation mechanism. Staking and holding PKF are designed to provide access and determine tier-ranking for participation in launchpad project pools.
The project currently exhibits signs of severe dormancy and stalled development. Verifiable code releases, GitHub repository updates, and protocol announcements have been absent since March 2023, following historical restructuring announcements and unverified token relaunch initiatives. Publicly accessible smart contract audit reports are unavailable, although third-party security platform CertiK maintains an active monitoring page with a BBB rating.
Market metrics for PKF reflect substantial market-wide deterioration and low liquidity. The token has experienced an unrecovered price collapse exceeding a 50% drawdown from its listing era, alongside a reported one-year performance drop of approximately 77.44%. With 24-hour trading volumes dropping near zero and market capitalization falling below $300,000, the project faces pronounced liquidity and community participation risks.