Riecoin
RIC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Riecoin (RIC) is a Bitcoin-derived proof-of-work cryptocurrency launched in 2014 utilizing prime constellation mining computations. The project maintains an active release cadence in its Core software (releases through 2025 and 2026), but faces extreme bus-factor concentration as development is primarily driven by a single developer. Substantial data gaps exist due to ticker cross-contamination with unrelated entities, resulting in unscored (-1.0) evaluations for Community Support, Tokenomics, and Team and Governance. Market metrics reflect severe liquidity constraints with a sub-$1M market cap, minimal daily volume, and listing presence limited to minor venues like NonKYC. While no protocol exploits, hacks, or regulatory actions were identified, the project completely lacks third-party security audits. Excluding data-gap sections and proportionally redistributing weight among Active Development (6.5), Market and Use Case (2.5), and Security and Audit History (3.5) results in a calculated score of 4.4/10.
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 Riecoin (RIC)
Riecoin (RIC) is a peer-to-peer cryptocurrency launched in 2014 that operates on its own standalone blockchain derived from Bitcoin's codebase. The network employs a proof-of-work consensus model designed for scientific computation, directing miners to verify transactions while searching for prime number constellations.
Development on the project centers around the Riecoin Core client, which has maintained software updates including hard forks and releases through 2025 and 2026. Despite ongoing technical releases, the project is characterized by an extreme bus-factor concentration, functioning primarily as a single-developer effort without formal community governance frameworks or verified tokenomic distribution documentation.
Riecoin operates under significant liquidity and market constraints, with a market capitalization below $1 million and very low daily trading volumes across limited secondary venues such as NonKYC. The codebase has not undergone independent third-party security audits. While the network has no documented history of exploits, chain attacks, or regulatory proceedings, its limited exchange footprint, low market depth, and centralized development structure remain key operational risks.