Market Maker

Market Makers Audit Scope Badge
Top 10 Percentile in at Least One Category Badge

Market Maker Info

This is an example of a Tokenomics.com audit report, focused on evaluating the structure, performance, and strategic alignment of market maker agreements.

Ticker
$AUDIT
Listing Price
$0.34
Total Supply
1,000,000,000
Niche
  • Blockchain
  • DeSoc
TGE Date
TBA
Tier 2
Tokenomics
Market Makers
Audit
Tokenomics
Audited
Investor
Information

Tokenomics Rating

Rank
#246
Percentile
Top 14%
7
7
5
Economic Policies
-
Investment & Valuation
-
Utility & Value Flow
-
Market Makers
63.23
Distribution Fairness
-

Category Score
75.23out of 100
Percentile
—

Indicators

Highlights
1
Warnings
1
Alerts
1

Market Maker Allocation

Elements
Audit
Details
Total Token Loan
High
15,000,000 tokens
Strike Price
Short
7-day VWAP post-TGE for each tranche
Reporting
Bad
Weekly reporting (no dashbord)
Performance KPI
Good
Spread ≤30bps, 95% uptime, $50K depth
Loan Term
Good
12 months with quarterly reviews
Distribution Schedule
Optimize
2 tranches: 50% at TGE, 50% at TGE+90 days
Deal Type
Warning
Token loan with call option structure
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Category Score
67.32out of 100
Percentile
—

Indicators

Highlights
0
Warnings
1
Alerts
1

Liquidity at TGE → How Exposed are you at Launch?

This section evaluates the project's token liquidity exposure at the TGE. It measures how much of the total token supply enters circulation and how much of that is controlled by market makers.

Initial Circulation

10.90%
/ Total Supply

Liquidity at TGE

Low
Medium
High
At TGE 2.40% is allocated for initial liquidity, which is 22.03% of the initial circulation.

Market Maker TGE Dominance

22.03%
/ Initial Circulation
3.7%Wintermute
18.4%Flowdesk
78.0%Others
Elements
Wintermute
Flowdesk
Circulating Supply at TGE109.0M $AUDIT 109.0M $AUDIT
Market Maker Allocation at TGE4.0M $AUDIT 20.0M $AUDIT
Market Maker Share of TGE3.67%18.36%
Initial Marketcap at TGE$37.0M$37.0M
MM Token Value at TGE$1.4M$6.8M
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Category Score
43.25out of 100
Percentile
—

Indicators

Highlights
2
Warnings
2
Alerts
1

Liquidation Controls → How Protected are you After Launch?

This section assesses the conditions under which the market maker can liquidate tokens, including the speed, structure, and limitations of their selling activity. It serves as the project's primary safeguard against excessive post-TGE sell pressure.

Daily Sell Cap

5.0%
/ Daily Volume
No Cap
Limited
Enforced
5% daily volume cap applies only to primary exchange, no cross-exchange monitoring or enforcement penalties

Sell Cap Clauses

Cross-Exchange Enforcement
Breach Penalty Clause

Vesting Details

Wintermute
Flowdesk

Token Vesting Schedule

Viewing: Wintermute
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Category Score
81.52out of 100
Percentile
—

Indicators

Highlights
3
Warnings
2
Alerts
1

Performance Terms → Are the Expectations Clearly Defined and Fair?

This section evaluates the clarity and enforceability of the market maker's obligations. Well-defined performance terms ensure alignment, reduce execution risk, and provide the project with leverage in case of underperformance.

Orderbook Spread

30BPS
Tight

Liquidity Depth (±2%)

$50K

Market Maker Uptime

95%
/ 100%

Liquidity Depth Scaling

Scaling

Liquidity Depth & Spread

Viewing: Wintermute
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Category Score
55.95out of 100
Percentile
—

Indicators

Highlights
1
Warnings
1
Alerts
1

Repayment Terms → Are you Protected if the MM Exits Early?

This section assesses the safeguards in place if a market maker (MM) chooses to exit the agreement prematurely. It reviews the structure, fairness, and potential risks of repayment obligations that could affect the project's treasury and token price stability.

Repayment Medium

MM Choice
Token Only
MM Choice
Tokens or USD
Wintermute decides whether to return tokens or pay USDT at strike price, creating asymmetric risk for the project

Repayment Terms

7d
/ VWAP
Fragile
Borderline
Good
Short 7d VWAP window during volatile post-TGE period may not reflect the fair value of the token. The price can be easily manipulated.
Elements
Audit
Details
Strike Mechanism
Short
7-day VWAP
Repayment Option
Warning
MM chooses tokens or USDT at strike
Fixed Price?
None
No minimum price protection
Clawback Clause
Missing
No clawback for underperformance
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