Web3Shot
W3S
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Web3Shot (W3S) is an apparently dormant or stalled gamified Web3 Learn & Earn project exhibiting severe developmental, tokenomic, and market risks. There is a data gap in Community Support (scored -1.0), as retrieved sources yielded no direct engagement, holder, or governance metrics for W3S, requiring its weight to be redistributed proportionally among remaining sections. Active development ceased around early 2023, with no verifiable GitHub activity, codebase updates, or roadmap progress beyond 2023 Q3. Tokenomics are highly opaque, featuring undocumented vesting/emissions for W3S alongside a 10 billion total supply sister token (UW3S) with 0 circulating supply, posing massive future dilution risk. The market position is near-terminal with minimal trading volume ($3.6K-$7.2K daily), severely depressed valuation, and discrepancy between project descriptions. Team and governance are non-transparent and anonymous with no operational DAO. From a security perspective, no protocol exploits were identified, but the project relies on a single stale December 2022 CertiK audit containing an unaddressed Major centralization/privilege vulnerability. Across all dimensions, the asset displays signs of abandonment.
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 Web3Shot (W3S)
Web3Shot (W3S) is a gamified Learn-and-Earn education platform deployed on the BNB Smart Chain (BSC). Designed to onboard users into Web3 concepts through educational tasks, the platform was built around a dual-token structure comprising W3S as its governance token and Utility Web3Shot (UW3S) as its utility and reward token. While some external directory listings historically mischaracterized the project as a photography non-fungible token platform, verified smart contract records and security profiles classify it as an educational gaming project.
The project's underlying token contracts were audited by CertiK in December 2022. The audit identified one Major finding related to centralization and privilege controls, which was acknowledged by the development team but never resolved. Tokenomic transparency is limited, as the distribution and emission parameters for W3S are not publicly documented, while the UW3S token features a total supply of 10 billion with zero reported circulating supply, creating potential dilution risks.
Web3Shot exhibits signs of dormancy and stalled development, with no public updates or roadmap milestones delivered beyond the third quarter of 2023. The project operates with an anonymous team, and proposed governance structures remain unfulfilled. In the market, W3S has suffered a severe price collapse from an all-time high of $28.14, accompanied by a 96.59% decline over a one-year timeframe and near-zero ongoing trading volume.