Zipcode
SN46
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SN46 (Zipcode, formerly RESI) is Bittensor subnet #46 focused on decentralized real estate valuation and property data. The project exhibits significant fundamental and structural weaknesses across evaluated categories. Active development is minimal with no verifiable public releases, changelogs, or active repository tracking. Tokenomics are structurally opaque with high concentration on a single DEX pair, unquantifiable dilution risk, and absent documentation around supply schedules or value-accrual mechanisms. Security is burdened by the complete absence of independent audits, a severe unrecovered drawdown from all-time highs, and a reported corporate equity dissolution transitioning the project to a token-only model, removing traditional accountability. Significant data gaps exist in Community Support and Team and Governance (both scored -1.0 due to insufficient verifiable data across queried sources), which were excluded and their weights redistributed proportionally. Given the rebrand from RESI, lack of transparency, and poor structural metrics, the token carries extreme risk.
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 Zipcode (SN46)
Zipcode (SN46), formerly known as RESI, is Bittensor subnet #46, operating as a decentralized real estate valuation and property-data protocol on the Bittensor network. The project was designed to facilitate decentralized property assessment and valuation metrics, and has reportedly explored real-world asset (RWA) vault models for institutional yield.
The SN46 token trades with liquidity heavily concentrated on a single decentralized exchange (DEX) pair, maintaining a market capitalization between approximately $4.04 million and $4.67 million and daily trading volume around $430,000. Transparent documentation regarding the token's emission schedules, vesting allocations, governance frameworks, and protocol-linked value-accrual mechanisms remains absent from tracking records. In addition, there is a total lack of verifiable public release data, changelogs, or active developer repository activity.
The project faces notable structural and market challenges. Following its rebrand from RESI, the token suffered a severe, unrecovered price crash and continues to trade significantly below its all-time high. Structurally, the project announced the dissolution of its corporate equity wrapper to transition toward a token-only model, a shift that removed traditional corporate accountability and legal recourse for holders. Furthermore, the Zipcode subnet codebase has not undergone independent third-party security audits by recognized firms, leaving its technical implementation unverified.