Wrapped RBNT
WRBNT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WRBNT (Wrapped RBNT) is the wrapped cross-chain representation of the Redbelly Network native asset across chains including Ethereum. The project exhibits significant structural weaknesses, including minimal development velocity, derivative tokenomics lacking documentation or audits for bridge and vesting mechanisms, and negligible market liquidity with daily volumes in the low hundreds of dollars. On-chain security analysis confirms no recorded hacks, exploits, or regulatory actions, but flags elevated centralization risks (mintable contract structure and ~60.87% holder concentration) alongside an absence of smart contract security audits. Significant data gaps exist in Community Support and Team and Governance due to a lack of verifiable public documentation, social channels, or governance frameworks in retrieved sources. After redistributing weights across the remaining four categories, WRBNT achieves a weighted average score of 3.4.
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 RBNT (WRBNT)
WRBNT (Wrapped RBNT) is the wrapped derivative asset representing RBNT, the native cryptocurrency of the Redbelly Network. Deployed on both the Redbelly chain and Ethereum Mainnet (with addresses also present on Solana), WRBNT is designed to enable cross-chain interoperability and liquidity for the parent network. As a wrapped token, its circulating supply expands and contracts based on bridge minting and redemption mechanisms rather than an independent monetary issuance model.
WRBNT operates with a reported total supply of approximately 1.87 billion tokens and an estimated market capitalization between $2.2 million and $3.3 million. The token experiences thin market liquidity, with recorded daily trading volumes typically in the low hundreds of dollars, and it is marked as non-tradable on major centralized exchanges such as Coinbase. In addition, public technical development exhibits minimal velocity, lacking verifiable smart contract releases or public changelogs.
On-chain evaluation highlights several governance and structural risks. The WRBNT smart contract has no publicly verifiable third-party security audit, and automated analysis identifies mintable contract functionality alongside high supply concentration, with major non-exchange and non-locked holders controlling approximately 60.87% of the token. Furthermore, public documentation is missing regarding the bridge's custodial arrangements, vesting schedules, and formal team governance structures. To date, the project has no recorded history of security breaches, depeg events, or regulatory actions.