Syrax AI
SYRAX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SYRAX (Syrax AI) presents significant risks characterized by severe project identity confusion, negligible liquidity, and absence of independent security verification. Data gaps exist in Active Development (-1.0) and Community Support (-1.0) due to unverified developer activity and inability to isolate dedicated community channels from other entities operating under the 'Syrax' name (such as Syrax Global and Syrax AU). Among evaluated sections, Tokenomics scored 6.0/10 due to a fixed supply of 100M tokens with 100% circulating supply claims and buyback mechanics, though vesting details for 70% of initial supply remain undocumented. Market and Use Case scored 1.0/10, reflecting micro-cap status ($15K-$39K market cap), near-zero trading volume, lack of verified AI utility, and indications of functional abandonment. Team and Governance scored 2.5/10 due to single-founder centralization and pre-launch governance. Security and Audit History scored 2.5/10 owing to a total lack of verifiable audits and ambiguous entity identity, though no active exploits or regulatory proceedings were established. With 35% of total weight redistributed to the four available sections, the weighted average score is 3.2/10.
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 Syrax AI (SYRAX)
Syrax AI (SYRAX) is a micro-cap cryptocurrency token issued on the Solana blockchain, positioned within the meme coin infrastructure segment. The project is described as an on-chain trading platform concept featuring analytics tools, deployer insights, liquidity tracking, and multi-chain trading capabilities. The native token has a stated total supply of 100,000,000 SYRAX, intended to provide trading-fee discounts, product access, and participate in a revenue-funded token buyback mechanism.
According to project documentation, 100% of the 100,000,000 SYRAX supply is reported as circulating, with 30% distributed and unlocked during an initial token sale in February 2024. However, the allocation and vesting terms for the remaining 70% of the token supply are not officially documented. Project governance remains centralized and pre-launch with no active on-chain voting infrastructure, and only one self-attested founder, Jared Sinclair, is consistently identified across records. Furthermore, public development activity remains unverified due to a lack of recorded releases or commit timelines on related repositories.
Syrax AI faces material operational and diligence concerns, notably regarding identity ambiguity across several separate entities sharing the name, including Syrax Global and Syrax AU. As of evaluation, the token exhibits negligible to zero daily trading volume, a low market capitalization between $15,000 and $39,000, and characteristics indicative of functional abandonment. Additionally, no external security audits, audit platform ratings, or independently substantiated AI features have been verified for the smart contracts or platform.