Wrapped QUIL
QUIL
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Wrapped QUIL (QUIL) serves as an ERC-20 wrapper for the native utility token of the Quilibrium decentralized cloud-computing network. Significant data gaps were encountered during evaluation, as both Team and Governance (-1.0) and Security and Audit History (-1.0) lacked verifiable, token-specific documentation regarding maintainers, custodian control, and formal smart contract audits. After redistributing weights across the four evaluable sections, Active Development scored 6.0/10 based on structured CI/CD release pipelines despite limited commit visibility; Tokenomics scored 5.5/10 due to fair distribution mechanics offset by cross-source supply discrepancies and thin liquidity; Market and Use Case scored 3.5/10 reflecting low daily volume (~$17k), a ~98% drawdown from all-time highs, and purely derivative utility; and Community Support scored 3.0/10 given declining on-chain transfer activity and modest holder counts. No qualifying red-flag events were affirmatively established. The weighted average score is 4.7/10.
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 Wrapped QUIL (QUIL)
Wrapped QUIL (QUIL, also referred to as wQUIL) is an ERC-20 wrapper token deployed on the Ethereum blockchain that represents the native asset of the Quilibrium decentralized cloud-computing network. It is designed to enable native QUIL tokens to interact with Ethereum-based decentralized finance protocols, functioning as an intermediary asset while native cross-chain infrastructure is maintained. The underlying token follows a fair-launch distribution model with no pre-mine, venture capital allocations, or airdrops, with token supply generated exclusively through network mining.
From a technical and governance perspective, Wrapped QUIL relies on development pipelines utilizing digest-pinned GitHub Actions, keyless signing, and on-chain multisig governance for release approvals. However, the upgrade mechanism currently lacks an enforced timelock delay. The token's monetary policy entails moderate inflation, with total supply projected to expand from approximately 1.3 billion to between 1.6 and 1.7 billion tokens by 2033.
The project exhibits several market and structural risks. The token has experienced a price crash of approximately 98% from its all-time high of roughly $0.45, accompanied by low daily trading volumes in the low five figures and cross-source discrepancies regarding its market capitalization and circulating supply. Furthermore, there are no verifiable third-party security audits for the wrapping and bridging contracts, and public documentation remains limited concerning the core maintainers, team identity, and custody control over the wrapping mechanism.