25 articles
MANTRA's coin is mandatory for every transaction and optional for the business the chain was built for. Rating CC, 22/100 — and five questions to ask your own token before TGE.
Every Overledger license is priced in QNT, and the token market never sees it. Rating BB, 55/100, with token-product linkage at 49. Four tests for a B2B token model.
In the first 90 days of 2026 IOTA minted more than 69m tokens and burned fewer than 1m. The audit rates it A, 74/100 — and the model still dilutes holders. Why utility isn't demand.
USDC settled roughly $32 trillion in 2026 through August and Circle collected fees on almost none of it. Arc, its own Layer 1 with USDC as the gas token and twelve named institutions as validators, opens to the public on 16 September 2026. The two-asset model, and four design lessons that transfer.
Assets under management rose to $3,466b, product fees run at $57,9m a year, and what reaches the ONDO holder is $0. Fundamentals score 86,4, Token Product Linkage 16,2, total 38 out of 100. Three layers of money, a $614,97m cliff on 17 January 2027, and half the supply with no rulebook.
Zcash earned the highest coin-necessity score on our scale, 5,0 out of 5,0, and still finished at 66 out of 100. Net emission of 3,89% with no sink, a burn proposal sized at 0,05% of a single year of issuance, and a lockbox that defers supply instead of retiring it.
A bill that hasn’t passed is already rewriting token models: a 20% control threshold, affiliate disclosure, stablecoin yield and governance-only tokens. Four patterns that fail the CLARITY Act, what to rebuild before the September 15 Senate vote, and why it costs nothing if the bill dies.
On August 19 the US Treasury doubled its long-bond buyback cap — bitcoin cleared $70 000 within the hour and the market added $500b in a week. Why that was duration repricing rather than new liquidity, and what it means for a token launch.
Pump.fun sends half its fee revenue into PUMP buybacks and has burned 36% of supply, yet the token sits at its all-time low. Why a buyback worth 2% of daily turnover cannot replace demand: coverage, procyclicality, optional utility and the unlock schedule.
