Uquid Coin
UQC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Uquid Coin (UQC) powers an e-commerce platform operating since 2016 for digital and physical goods, but exhibits severe structural, technical, and market vulnerabilities. Active development is essentially dormant with a single stagnant smart contract and no recent GitHub activity or governance updates. Community engagement is minimal, with fewer than 10,000 holders and no active DAO or grassroots governance mechanisms. Tokenomics are plagued by centralization and transparency concerns, with 75% of the total 40,000,000 supply held undistributed without public vesting schedules or allocation clarity. While the underlying e-commerce utility exists, market liquidity is critically low ($30K-$38K daily volume), causing high slippage and exit risks alongside an unrecovered ~93% drawdown from its all-time high. Furthermore, no third-party smart contract audits exist, the top 10 wallets control over half the supply, and team transparency is restricted to a single named founder. No qualifying red-flag events (such as protocol hacks, regulatory lawsuits, or hostile delistings) were identified, but the composite structural weaknesses warrant a very low score.
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 Uquid Coin (UQC)
Uquid Coin (UQC) is an ERC-20 utility token deployed on the Ethereum blockchain that powers the Uquid e-commerce platform. Founded in 2016 by CEO Tran Hung and launched via an initial coin offering in 2017, the ecosystem allows users to purchase physical items, digital goods, gift cards, and prepaid mobile top-ups using cryptocurrency.
The token has a fixed maximum supply of 40,000,000 UQC, with approximately 25% of the supply in active circulation. Within the Uquid platform, UQC is utilized for payments, cashback incentives, and merchant discounts. Despite its ongoing operation, token-related development is dormant, featuring a single static smart contract repository with no recent code releases or active development commits. Additionally, while the project website has marketed governance utility for UQC, platform governance is managed through a separate token (DTO), and UQC lacks on-chain voting infrastructure or decentralized governance frameworks.
UQC presents several structural and market-related risk factors, including an unrecovered price crash of approximately 93% from its all-time high. The token operates with no documented third-party security audits, very low trading volume, and limited exchange support, creating high slippage and exit risks for holders. Furthermore, token distribution is heavily concentrated, with more than 50% of the total supply controlled by the top ten wallet addresses and roughly 75% of tokens remaining undistributed without a published vesting schedule.