Terraport
TERRA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Synthesis of section evaluations for Terraport (TERRA):
- Active Development (Data Gap): Insufficient data was found to assess development activity due to search contamination and lack of repository references matching the contract address.
- Community Support (2.5/10): Governance infrastructure exists on-chain with 22 total proposals, but forum activity has been dormant since late 2024 with negligible organic engagement outside past hack recovery discussions.
- Tokenomics (4.5/10): Features deflationary burn mechanics and DEX trading utility, but lacks clear published data on supply vesting/allocations, alongside noted centralization risks.
- Market and Use Case (1.0/10): Near-dead liquidity with daily trading volumes between $30 and $170, a depressed market cap, and price trading near all-time lows (-92% from ATH), reflecting negligible market adoption.
- Team and Governance (4.0/10): The team is completely anonymous with zero verifiable credentials. While an on-chain compensation proposal (Proposal #19) distributed 21.48M TERRA following the breach, governance remains thin.
- Security and Audit History (1.5/10): Suffered a major ~$2M exploit on April 10, 2023, shortly after launch. There are no verifiable third-party smart contract audits.
Active Development (-1.0) was excluded from the weighted average and its weight redistributed across the remaining five sections. The resulting weighted average score is 2.8/10.
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 Terraport (TERRA)
TERRA is the governance and utility token of Terraport, a decentralized finance (DeFi) project and exchange ecosystem built on the Terra Classic blockchain. Designed to facilitate decentralized trading, the token incorporates deflationary mechanics through transaction and treasury burns, while also functioning as a voting instrument within the platform's on-chain governance mechanism.
The project operates an on-chain governance process with defined quorum thresholds and token deposit requirements for proposals. However, the development team behind Terraport remains completely anonymous with no verifiable credentials, and comprehensive public data regarding token supply allocations, distribution, and vesting schedules is unavailable.
On April 10, 2023, less than two weeks after deployment, Terraport suffered a security exploit resulting in the loss of approximately $2 million. To address the breach, governance Proposal #19 was executed to transfer 21,486,604 TERRA for affected user compensation. Following the incident, community engagement has become largely dormant, and the token has experienced substantial market contraction, trading down approximately 92% from its all-time high with minimal daily trading volume and liquidity.