Viction (VIC) presents a compelling but complex investment case, characterized by high-quality leadership and technical innovation balanced against centralization concerns and inflationary pressure. The project's strongest asset is its Team and Governance (9/10), led by industry veteran Long Vuong, which provides stability and a mature strategic direction. The technical value proposition is distinct; the VRC-25 'Zero-Gas' standard effectively addresses user friction, positioning the chain well for consumer-facing applications particularly in Southeast Asia. However, the investment thesis is weighed down by mixed Tokenomics (6.5/10). A recent hard fork doubled the total supply to fund ecosystem growth, creating significant dilution, while security audits have flagged centralized asset-freezing capabilities within the code. Additionally, while the project maintains Active Development (7/10) and a secure history, it operates in an oversaturated Layer-1 market where community engagement is currently heavily reliant on financial incentives rather than organic fervor. Viction represents a technically sound, professionally managed project that has traded decentralization purity for growth efficiency and user experience.