ZEAL
ZEAL
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
ZEAL (Zealous Swap) is a decentralized exchange utility and governance token on the Kaspa network. The overall evaluation reflects significant data gaps and substantial fundamental risks. Two sections—Active Development and Community Support—received insufficient data scores (-1.0) due to severe search name collisions and an absence of verifiable public repositories or community metrics. Among the evaluable sections, Tokenomics scored 5.0/10, reflecting a 240M fixed supply with vesting schedules against insider concentration and lack of deflationary mechanics. Market and Use Case scored 3.5/10 due to high commoditization in the DEX niche, an unrecovered ~97.5% price collapse from its $0.20 all-time high, and a thin ~$1.25M market cap. Team and Governance scored 4.5/10, acknowledging a named two-person team and DAO structure that relies heavily on uncorroborated project brief claims. Security and Audit History scored 4.0/10, noting reported Hexens audits with resolved findings and no protocol exploits, but capped by the severe drawdown, low public code visibility, and high bus-factor risk. No qualifying red-flag event was established under red-flag rules, so the final score represents the re-weighted average of the four evaluable sections.
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 ZEAL (ZEAL)
ZEAL is the native utility and governance token of Zealous Swap, an automated market maker (AMM) decentralized exchange and DeFi protocol deployed on the Kaspa network using the KRC-20 token standard. The protocol facilitates on-chain decentralized token swaps and liquidity provision. The ZEAL token features a fixed maximum supply of 240 million tokens, of which approximately 51 percent is circulating. Within the protocol's governance structure, holders can stake ZEAL to receive xZEAL, granting participation rights in DAO governance proposals.
The project was established by a two-person founding team, Louis Saad and Ramy Lahoud. According to project documentation, the protocol's smart contracts underwent security audits conducted by Web3 security firm Hexens in May and June 2025, with all identified issues resolved. No exploits, smart contract hacks, or insolvency events have been reported for the protocol.
Despite having completed security audits, the project faces notable operational, market, and structural risks. ZEAL has suffered a severe, unrecovered price crash of approximately 97.3% to 97.5% from its all-time high of $0.20, reducing its market capitalization to roughly $1.25 million alongside thin liquidity. Furthermore, the project exhibits significant concentration risks, including low public code repository activity, a high bus-factor reliance on its two core founders, and insider token allocations of up to 15% with ongoing unlock schedules.