Anoma
XAN
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
XAN (Anoma) presents a structurally solid architectural foundation paired with early-stage execution risks and significant token dilution overhang. On the technical side, the project exhibits healthy development momentum (7.5/10) with an actively shipping posture, EVM protocol adaptations, and disciplined specification updates following its September 2025 mainnet launch. The team and governance structure (6.5/10) is backed by high-tier venture capital (Polychain, Electric Capital) and credentialed leadership, employing a dual-body governance framework. Security is supported by a July 2025 Zellic audit of core token contracts and proactive EU MiCA regulatory compliance, with no recorded exploits or legal proceedings (6.5/10). However, substantial headwinds exist in its market and economic profile: the token has experienced a ~95% drawdown from its ATH, trading at a ~$30M market capitalization with only 25% of the 10 billion total supply circulating (4.5/10). Tokenomics (5.0/10) are insider-heavy (56% allocated to insiders/R&D) with multi-year linear vesting through 2029, while community engagement metrics remain thin and unverified (4.0/10). With no qualifying red-flag events or data gaps identified, the overall score directly reflects the weighted section fundamentals.
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 Anoma (XAN)
XAN is the native utility and governance token of Anoma, an intent-centric distributed operating system architecture. The token was launched on Ethereum mainnet in September 2025 and also operates as a BEP-20 asset on BNB Chain. Within the network, XAN is designed to facilitate protocol fees, payments, and participation in on-chain governance as the protocol executes its mainnet beta phase.
The project utilizes a dual-body governance framework consisting of a governance committee and token-holder voting. The token has a fixed maximum supply of 10 billion XAN. Token allocation is weighted toward protocol development and early stakeholders, with 56% assigned to backers, core contributors, foundation reserves, and research/ecosystem initiatives, while 25% is allocated to the community. These insider allocations are subject to a 12-month lockup followed by a 36-month linear vesting schedule running through September 2029. In July 2025, security firm Zellic conducted an audit of the Anoma Token and TokenDistributor contracts prior to the token's mainnet deployment.
Following its launch, XAN experienced a significant market drawdown of approximately 95% from its all-time high of $0.255 reached in September 2025. With roughly 25% of the total supply in circulation, the token faces ongoing dilution overhang as remaining allocations vest over time. In addition, documented organic user adoption and network fee generation remain in early stages.