Codatta
XNY
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
XNY (Codatta) is a decentralized AI knowledge and data protocol deployed on the BNB Smart Chain. The project shows evidence of development progress, including an ERC-8004 integration and a 2026 roadmap, backed by an established corporate structure and OKX Ventures funding. However, the asset exhibits significant structural risks, including a substantial dilution overhang (only 25% circulating supply, resulting in a 4x FDV gap), thin market liquidity, a micro-cap valuation (~$17.9M), and lack of formal third-party smart contract audits from recognized security firms. A data gap was identified in Community Support (assigned -1.0 due to insufficient token-specific data and a closed Discord server), which was excluded and its weight redistributed proportionally among the remaining sections. No qualifying red-flag events were established.
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 Codatta (XNY)
Codatta (XNY) is a decentralized AI data and knowledge protocol deployed on the BNB Smart Chain (BSC). Founded in 2023 with a token launch in 2025, the project focuses on building permissionless data infrastructure for artificial intelligence protocols and developers. The protocol operates under a corporate entity with backing from OKX Ventures and has released a MiCA-format whitepaper. Ongoing technical developments include an ERC-8004 protocol integration and a roadmap outlined for 2026.
The XNY token serves several defined functional roles across the network, including protocol gas, staking for trust, accessing data, and distributing contributor payouts. The token has a total supply of 10,000,000,000 XNY. While governance policies and levers are detailed in project documentation, there is no evidence of active on-chain decentralized autonomous organization (DAO) execution.
The project faces notable structural, market, and security risks. Market data reflects a price crash of roughly 74% from its all-time high of $0.028, alongside micro-cap market valuation and thin liquidity. Tokenomics present a substantial dilution overhang, with only approximately 25% of the supply in circulation creating a 4x fully diluted valuation (FDV) gap without a token burn mechanism. Additionally, the smart contracts lack a public formal audit from a recognized security firm, the founding team exhibits credential inconsistencies and pseudonyms, and community engagement has experienced contraction marked by the official closure of its Discord server.