The Grays Currency (PTGC) presents itself as a static, 'finished' DeFi product primarily within the PulseChain ecosystem. Its strongest attributes are its Tokenomics (8.5/10) and Security (7.5/10). The project features a robust, deflationary model with a fair launch, burnt liquidity, and a renounced contract that prevents developer interference. The governance structure allows stakers to vote on treasury usage, fostering true decentralization. However, this immutability acts as a double-edged sword; Active Development scores a critical 1/10 because there is no ongoing engineering, repository activity, or roadmap for technical evolution. The project relies entirely on its existing code and community momentum. While the core community is dedicated, it is relatively small and isolated to PulseChain. Lacking a unique real-world utility beyond 'hold-to-earn' mechanics, the token's value is highly dependent on trading volume to generate yield. Consequently, PTGC serves as a secure but speculative store of value rather than a growing utility protocol.