Wrapped MistCoin
WMC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Wrapped MistCoin (WMC) serves primarily as a passive historical artifact stemming from an early 2015 ERC-20 prototype associated with the Ethereum Mist Wallet. Active Development was excluded from the weighted score due to insufficient data, as the token is an unmaintained historical wrapper without active repositories, engineering staff, or a formal roadmap. Across the remaining sections, WMC demonstrates severe fundamental weaknesses: community infrastructure is practically nonexistent (1.0/10), tokenomics display contradictory supply metrics and heavy wallet concentration alongside a 97.3% drawdown from all-time highs (2.5/10), market utility and liquidity are extremely constrained with near-zero daily volume (1.5/10), and there is no active team or governance structure overseeing the protocol (1.5/10). Security and audit evaluation (2.5/10) identified no audited contracts for the wrapper mechanism, though no historical exploits, legal actions, or hostile delistings were established. Given the complete absence of ongoing development, utility, and liquidity, WMC presents an exceptionally high-risk profile.
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 Wrapped MistCoin (WMC)
Wrapped MistCoin (WMC) is an ERC-20 wrapped token on the Ethereum network, with a deployment on Base, created in 2022 to facilitate the trading of MistCoin. MistCoin originally originated in November 2015 alongside the Ethereum Mist Wallet associated with founder Alex Van de Sande, serving as an early prototype and template for what later became the ERC-20 standard. WMC operates purely as a passive historical collectible and lacks functional use cases, yield mechanisms, or broader protocol utility.
The project is not an actively maintained software initiative and possesses no active development team, GitHub repositories, formal roadmap, or governance framework. There are no discoverable official websites, social media channels, or community governance forums. In addition, the WMC wrapper contract has no record of independent security audits, and the underlying historical asset predates modern Solidity security standards without documented reserve-attestation mechanisms, timelocks, or multi-signature controls.
WMC exhibits substantial market and structural risks, having suffered a major price decline of approximately 97.3% from its all-time high of $88.76. Market activity is characterized by extremely thin liquidity and erratic daily trading volume. Furthermore, token distribution is heavily concentrated, with roughly 12.5% of the total supply held across two wallets, alongside conflicting supply data across public market trackers.