PointPay
PXP
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
PointPay (PXP) operates as a centralized crypto-banking ecosystem offering exchange, staking, and banking features. While active product deliveries and a documented CertiK audit (scoring 85.04 with formal verification and a HackenProof bug bounty) represent positive aspects, the overall fundamentals are weak. Audited code coverage is limited to ~46% with noted upgrade and privilege centralization risks, and the project lacks public GitHub transparency. Market fundamentals are severely constrained, characterized by micro-cap metrics (~$756K market capitalization), thin liquidity, high centralization with 70% non-circulating supply lacking a public vesting schedule, and an entirely centralized governance model. Crucially, the Community Support section encountered insufficient data (-1.0) because the original token contract has been deprecated and superseded by a V2 contract (the evaluated contract holds only 1 address).
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 PointPay (PXP)
PointPay (PXP) is a deprecated token contract that has been superseded by a V2 successor contract. Originally established as the native utility asset for the PointPay crypto-banking ecosystem, the multichain token operates across networks including BNB Smart Chain, Ethereum, and Avalanche. Within the platform, PXP is intended to facilitate ecosystem operations, including trading fee discounts, staking with yields of up to 20% APY, and serving as native gas for the planned PointPay Layer 1 EVM-compatible blockchain.
Governance and platform development remain centralized under corporate management led by CEO Vladimir Kardapoltsev, without decentralized autonomous organization (DAO) voting mechanisms or public code repositories. While PointPay maintains live operational services such as a centralized exchange, staking products, a bug bounty program on HackenProof, and integrations with custodians like BitGo and Fireblocks, key development milestones such as the native Layer 1 MainNet have remained unreleased.
The token possesses a total supply of 100,000,000 PXP, with approximately 30,000,000 tokens in circulation and a 70% non-circulating supply that lacks a publicly documented vesting or unlock schedule. A 2024 CertiK audit of the BSC token contract assigned an 85.04 security score but evaluated only 45.92% of the contract code surface, identifying centralization risks regarding contract upgradeability and privileged access. Additionally, market metrics indicate thin liquidity and a significant valuation drawdown, with the token trading at micro-cap levels alongside the migration away from the original contract.