Scandic Coin
SNC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Scandic Coin (SNC) is an early-stage ERC-20 utility token launched in May 2026 by Scandic Finance Group, positioned within the real-world asset (RWA) space. While the project completed a CertiK smart contract audit with zero critical vulnerabilities and secured listings on tier-2/3 centralized exchanges (BingX, BitMart, LBank, Biconomy), its overall fundamental posture is burdened by severe structural risks. Key issues include an almost entirely anonymous leadership team, centralized governance with acknowledged privileged control over contracts, closed-source development with no official public code repositories, and a lack of verifiable organic community support. Furthermore, SNC's tokenomics exhibit major transparency deficits, such as conflicting circulating supply reports, high FDV (~$159.6M) relative to circulating market cap (~$20M), low liquidity (~$190k 24h volume), and disclaimers in official documents against direct legal asset backing. With no recorded qualifying security exploits or regulatory enforcement, the low score reflects extensive transparency deficits, heavy centralization, and unproven utility.
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 Scandic Coin (SNC)
Scandic Coin (SNC) is an ERC-20 utility token deployed on the Ethereum blockchain, developed by Scandic Finance Group. Launched through a Token Generation Event in May 2026, the token is positioned within the real-world asset (RWA) sector and operates with a fixed and capped total supply of 1,000,000,000 SNC. The project's roadmap includes plans for a dedicated blockchain migration and the introduction of on-chain community governance targeted for the first half of 2027.
Prior to its mainnet launch, the project underwent a smart contract audit conducted by CertiK in March 2026 covering its presale and staking contracts. The audit identified no critical vulnerabilities and resolved all major and medium issues, though two findings related to centralization and contract privileges were acknowledged rather than altered. Following deployment, SNC was listed across several centralized trading venues, including BingX, BitMart, LBank, and Biconomy.
The project carries significant structural and transparency risks. The core development team remains largely anonymous, with Uwe Sellmer acting as the sole public spokesperson. Development is closed-source without public code repositories, and contract governance remains fully centralized under the issuing entity. Furthermore, market analyses have noted low liquidity, an exceptionally small holder base, discrepancies in circulating supply reports between official channels and market trackers, and official documentation that disclaims direct legal asset backing for the project's RWA claims.