Taraxa
TARA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Taraxa (TARA) shows persistent technical development with documented mainnet hardforks (v1.7.2, v1.8.0), a public codebase, and planned upgrades. However, these technical efforts are severely undermined by fundamental distress across community, market, and tokenomics indicators. Community governance is largely dormant with no dated Snapshot activity between 2024 and 2026, and on-chain holder distribution remains exceptionally narrow (~2,314 holders). Tokenomics present substantial overhang, with roughly 65% of the total supply non-circulating and a lack of published vesting transparency. Market performance reflects near-total market abandonment, characterized by a micro-cap valuation ($190K–$208K), a 99.95% drawdown from its all-time high, and thin daily volume. Security assurance is dated, relying on a 2021 CertiK audit with an unresolved major finding and no subsequent third-party reviews, though no protocol-level exploits, regulatory enforcement, or confirmed fraud were identified.
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 Taraxa (TARA)
Taraxa (TARA) is a Layer-1 blockchain project designed for transactional audit logging and supply chain tracking. The network utilizes a native utility and staking asset, TARA, and coordinates protocol updates through Taraxa Improvement Proposals (TIPs) and mainnet hardforks, including releases v1.7.2 and v1.8.0. The development roadmap includes a planned Layer-1 upgrade codenamed Cacti, with development activity tracked across public code repositories.
The project's governance framework employs a hybrid model that pairs public TIPs on GitHub with on-chain Snapshot voting. Taraxa's documented advisory network has included figures such as Dr. Maurice Herlihy, Bo Shen, and Mamoru Taniya. From a tokenomics standpoint, TARA has a baseline total supply of 10 billion tokens, supporting a decaying staking yield model introduced under TIP-2 alongside native transaction settlement.
The project faces notable market, tokenomic, and security challenges. Market performance shows significant distress, characterized by a 99.95% decline from its all-time high of $0.07728, reducing its market capitalization to approximately $190,000–$208,000 with low daily trading volume. Approximately 65% of the total token supply remains non-circulating without publicly detailed vesting schedules or allocation breakdowns. In addition, community governance has shown little recorded voting activity from 2024 to 2026, and third-party security verification relies on a July 2021 CertiK audit that concluded with one unresolved major finding and no subsequent published audits.