Qmall
QMALL
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Synthesis of the available section evaluations indicates significant risks across all fundamental dimensions for QMALL (Qmall). Active Development had insufficient data due to an evidentiary void in retrieved sources and was excluded from the weighted scoring calculation. Among the evaluated sections, Community Support scored 1.5/10 due to negligible holder activity (~780 holders) and absent engagement metrics. Tokenomics scored 3.0/10, characterized by extreme centralization, negligible trading volume, and a lack of organic value drivers beyond fee discounts. Market and Use Case scored 2.5/10 due to fierce competition against dominant centralized exchange tokens without a clear competitive advantage. Team and Governance scored 2.5/10 reflecting opaque leadership and absence of decentralized governance. Security and Audit History scored 2.0/10, driven by the absence of verifiable third-party security audits and investigative reporting regarding opaque ownership structures among associated entities, though no formal exploits, insolvencies, or regulatory proceedings were established. The weighted average across available sections yields an overall score of 2.3/10.
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 Qmall (QMALL)
QMALL is the native utility and service token for the centralized Qmall Exchange, a cryptocurrency platform founded in 2021 with operations based in Kyiv, Ukraine. The token is deployed across Ethereum, Binance Smart Chain, and Velas, while the platform also operates an associated proprietary Layer-1 network known as Qmall Chain. QMALL has a maximum supply of 98,000,000 tokens, with all scheduled vesting completing in February 2024.
Within the Qmall Exchange ecosystem, the token functions primarily to provide trading fee discounts, facilitate peer-to-peer orders, access launchpad offerings, and enable participation in features such as qBox, the platform's marketplace, and trading competitions. Governance and platform operations remain fully centralized under the exchange, without a decentralized autonomous organization (DAO) or active on-chain governance mechanisms.
The project faces notable structural and governance concerns. Public records show no verifiable smart contract or platform security audits from recognized third-party security firms. Additionally, the founding team exhibits opacity, with no leadership credentials published on the official website. Investigative reporting by cyberfinance intelligence outlet FinTelegram in July 2025 highlighted counterparty concerns regarding founder Nikolay Udyansky, alleging connections and shadow ownership involving opaque exchange entities. On-chain metrics also indicate limited adoption, characterized by a small holder base of approximately 780 addresses on Ethereum, minimal trading volume, and constrained market liquidity.