SwissCheese
SWCH
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SwissCheese (SWCH) exhibits significant structural and market weaknesses across multiple dimensions. Data gaps were encountered in Community Support and Team and Governance (both scored -1.0 due to a total lack of verifiable retrieved data), requiring their combined 30% weight to be redistributed among the remaining sections. Active development is rated low (3.0/10) with execution unproven, minimal verifiable code velocity, and a spot pair delisting on Bitget in April 2026. Tokenomics (5.5/10) shows poor data hygiene with conflicting supply figures, a 20% unexplained allocation gap, and lack of value-accrual or governance mechanisms. Market performance (2.0/10) is severely impaired, characterized by a micro-cap valuation (~$1.4M), low liquidity, and a 97% drawdown from its all-time high. Security (5.0/10) reflects unverified audit documentation on Scribd with no recognized audit platform score. Based on the weighted average of the available sections, the overall score is 3.9/10.
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 SwissCheese (SWCH)
SwissCheese (SWCH) is a tokenized real-world asset (RWA) and decentralized finance platform deployed on the Polygon network. The SWCH token is designed to support ecosystem functions including network transactions, staking, and integrations such as a Mastercard payment feature and Telegram bots. Control of the protocol remains concentrated with the core team, as the token provides no documented on-chain governance rights.
The tokenomics framework defines a maximum total supply of 120 million SWCH, though external data providers present conflicting figures, including a 1 billion initial coin offering cap claim and discrepancies regarding circulating supply (reported at approximately 43.75 million). While initial token allocations featured vesting cliffs with no team unlock at the token generation event, disclosed allocation breakdowns account for only 80% of the total supply, leaving an unexplained 20% gap. In addition, the economic design lacks fee-burning or explicit value-accrual mechanisms.
SwissCheese has experienced significant market contraction, falling approximately 97% from its all-time high of $1.02 recorded on December 8, 2023, reducing its market capitalization to micro-cap levels with low liquidity. The project suffered a further setback when exchange Bitget delisted the SWCH/USDT spot trading pair on April 17, 2026. Security documentation is limited to an unverified audit document uploaded to Scribd without disclosed auditing firm credentials, dates, or remediation records, and there is an absence of verifiable data concerning the project's leadership team, governance framework, and active community channels.