SpaceChain (ERC-20)
SPC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SpaceChain (SPC) is an ERC-20 token attempting to integrate decentralized satellite infrastructure with blockchain capabilities. The project displays signs of severe dormancy and operational decline. Active Development had insufficient data to score (-1.0) and was excluded from the weighted average, as the primary GitHub repository is marked abandoned with zero recent development activity. Tokenomics (2.5/10) and Market & Use Case (3.0/10) reflect negligible daily trading volume, lack of verified supply mechanics, unverified token utilities beyond a dated 2020 announcement, and severe liquidity stagnation. Community Support (1.0/10) shows minimal on-chain activity and negligible governance or social participation. On the positive side, the Team & Governance (4.5/10) features known leadership with no history of exploits, and Security & Audit History (6.5/10) reflects renounced contract ownership and an unblemished incident record, albeit supported only by a stale 2020 Coinspect audit. With no qualifying red-flag events requiring a cap, the score reflects the recalculated weighted average across the five active categories.
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 SpaceChain (ERC-20) (SPC)
SpaceChain (SPC) is an ERC-20 token on the Ethereum blockchain that underwent a contract migration in November 2020 and whose primary development repository is classified as abandoned. Founded in 2017 by Zee Zheng, Jeff Garzik, and Cliff Beek, the Singapore-headquartered project was designed to integrate blockchain technology with satellite infrastructure to enable decentralized data transmission and verification. The project previously completed a token migration from a QRC-20 format to an Ethereum ERC-20 (v2) contract.
The SPC token contract features renounced ownership, which removes administrative privileges such as backdoors, unilateral minting, or transfer-pausing mechanisms. The v2 smart contract source code and migration deployment underwent a third-party security audit by Coinspect in November 2020. However, public tokenomics information remains partially unverified, including total supply schedules and ongoing inflation or deflation mechanisms, and a concentrated holding of approximately 20,105,000 SPC resides in a single labeled address.
The project currently exhibits severe operational dormancy. Software development has ceased, with the primary GitHub repository officially marked as abandoned and recording zero recent commits since late 2020. SpaceChain has no decentralized autonomous organization (DAO) or community voting framework for token holders, and the token experiences minimal trading volume, fragmented holder distribution between contract versions, and no updated security audits since 2020.