Carbon Protocol
SWTH
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SWTH (Carbon Protocol, formerly Switcheo) scores an overall 2.9/10, reflecting severe liquidity and community dormancy concerns alongside notable data gaps. Two sections—Team & Governance and Security & Audit History—could not be scored due to insufficient data from retrieved sources and were excluded from the weighted average, redistributing their weights proportionally across the remaining categories. Active development (2.5/10) operates in an apparent maintenance mode with minimal recent activity, while community support (1.5/10) is near-floor due to an extremely thin on-chain footprint and lack of active social/governance engagement. Tokenomics (4.5/10) demonstrates reasonable circulating supply distribution (~80%) and dPoS staking utility, but is undermined by an illiquid market profile. Market and Use Case (2.5/10) shows extreme micro-cap status with near-zero trading volume. No qualifying red-flag events or confirmed fraud were affirmatively established, but the overall risk profile remains severe.
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 Carbon Protocol (SWTH)
Carbon Protocol (SWTH), formerly known as Switcheo, is a decentralized trading protocol designed to facilitate cross-chain financial markets. The network utilizes a delegated Proof of Stake (dPoS) consensus mechanism. Within the network, the SWTH token serves multiple core utilities, including staking to secure the underlying consensus, participating in on-chain governance decisions, and receiving a share of protocol-generated fees.
The tokenomics of Carbon Protocol feature a fixed maximum supply of 2.16 billion SWTH, with approximately 80% (roughly 1.72 billion tokens) currently in circulation. While the on-chain governance and upgrade process remain operational on its network, documentation regarding specific vesting schedules and explicit inflation or burn mechanisms remains limited.
The project exhibits significant operational and market risks. Carbon Protocol operates in an apparent maintenance mode with minimal recent public development activity, release notes, or roadmap updates. Market activity is severely constrained, characterized by micro-cap valuation, negligible trading volume, and fragmented liquidity. Additionally, community and governance engagement appear largely dormant, with a very limited holder footprint on its primary Ethereum contract, alongside notable data gaps regarding verified third-party security audits and core team documentation.