PsyDAO
PSY
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
PsyDAO (PSY) demonstrates severe inertia across nearly all operational and market dimensions. Active development has stalled with zero recent releases or updates, and community engagement is virtually nonexistent with a small holder base of under 1,000 wallets. Verifiable tokenomics data is almost completely absent, compounding significant dilution risk as only about one-third of the total supply is in circulation. Market traction is exceptionally weak, reflected in a micro-cap valuation under $350K, negligible daily trading volume, and a ~99.6% drawdown from all-time highs. While the project possesses a conceptually documented dual-governance model rooted in the DeSci ecosystem and has recorded no protocol exploits or regulatory actions, the lack of independent security audits and general operational dormancy present an extremely unfavorable investment profile.
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 PsyDAO (PSY)
PsyDAO (PSY) is a decentralized organization operating on the Ethereum blockchain as an ERC-20 token. Positioned within the decentralized science (DeSci) sector with associations linked to initiatives like VitaDAO, Molecule, and Gitcoin, the project was established to support research and initiatives in psychedelics and mental health. The project framework incorporates an academically documented dual-governance model to guide decision-making and research support.
The PSY token has a total supply of approximately 102.33 million tokens, with roughly 34.09 million in circulating supply. Publicly verifiable documentation regarding the token's structural tokenomics—such as detailed vesting schedules, distribution allocations, and documented functional utility—remains minimal. The asset trades at micro-cap levels with low daily transaction volumes and limited on-chain activity.
PsyDAO displays significant operational inertia, with active development stalled and no recent releases, changelogs, or recorded governance executions. The asset has suffered a major price crash, falling approximately 99.6% from its all-time high. Additional structural risks include a pseudonymous team structure, potential dilution from the non-circulating supply, a dormant community footprint, and the absence of verified independent security audits.