Venture Capital

End-to-End Audit Scope Badge
Top 10 Percentile in at Least One Category Badge

Venture Capital Info

This is an example of a Tokenomics.com audit report, specifically tailored to meet the evaluation and due diligence needs of Venture Capital firms.

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

Tokenomics Rating

Rank
#1182
Percentile
Top 63%
18
14
11
Economic Policies
48.67
Investment & Valuation
88.18
Utility & Value Flow
30.36
Market Makers
63.23
Distribution Fairness
50.02

Tokenomics Information

Allocation Distribution

Pool Name
Percentage
Vesting Information
Community Rewards15.00%5.0% at TGE , 72 Month Linear Vesting
Team15.00%12 Month Cliff, 36 Month Linear Vesting
Ecosystem Development15.00%5.0% at TGE , 36 Month Linear Vesting
Strategic Round10.00%10.0% at TGE , 1 Month Cliff, 8 Month Linear Vesting
Private Round7.00%8.0% at TGE , 2 Month Cliff, 10 Month Linear Vesting
Treasury7.00%36 Month Linear Vesting
Node Network5.00%2.5% at TGE , 48 Month Linear Vesting
Advisors5.00%6 Month Cliff, 36 Month Linear Vesting
Equity Holders5.00%6m Cliff, 36m Linear Vesting
Showing 1-9 out of 14

Category Score
50.02out of 100
Percentile
Top 69%

Allocation Distribution Indicators

Highlights
1
Warnings
0
Alerts
1

Distribution Fairness

Distribution Fairness Benchmarks

Deviation from Best Performers

Deviation Status

Public Sale
-4.8%
Low
Community
-12.4%
High
Foundation
+2.1%
Low
Insiders
+1.8%
Low
Investors
+13.2%
High

Deviation from Best Performers

This section analyzes whether the token distribution is balanced by comparing it to best-performing projects in the same niche. It highlights low, medium, or high deviation levels across stakeholder groups and evaluates how closely the overall allocation aligns with proven benchmarks.

Overall Deviation Status

Medium

Category Score
—out of 100
Percentile
—

Governance Indicators

Highlights
0
Warnings
1
Alerts
3

Token Power

Token Power

This section analyzes who holds actual control over the circulating supply year over year, with a focus on early stages where governance risk is highest. It assesses whether the governance power is centralized or decentralized, and flags any dominance by insiders or investors.

Token Control Status

Launch
Semi-Centralized
Year 1
Centralized
Year 2
Centralized
Year 3
Centralized
Year 4
Centralized

Insider Dominance Test

Failed

Investor Dominance Test

Failed

Category Score
57.52out of 100
Percentile
Top 37%

Inflation Indicators

Highlights
3
Warnings
1
Alerts
0

Emission Type

Circulation

Inflation

Here we analyze whether inflation rates are sustainable, how balanced the vesting release schedule, how they compare with top-performing projects annually, and how this inflationary pressure might impact token value.

Year 1 Inflation

566.6%

Year 2 Inflation

37.5%

Year 3 Inflation

22.1%

Year 4 Inflation

8.2%

Inflation YoY

Category Score
43.68out of 100
Percentile
Top 55%

Supply Shock Indicators

Highlights
1
Warnings
1
Alerts
1

Emission Type

Circulation

Monthly Supply Shocks

Supply Shocks

Here we track the timing and size of every supply shock, we flag high, mid, and low risk supply shocks, we showcase the exact date of the largest dilution event, and enable unlocks and emissions visualization.

Supply Shocks Counter

2 Low Risk
1 Mid Risk
3 High Risk

Highest Supply Shock

32.1%
at Month 2

Detailed Information

Category Score
40.96out of 100
Percentile
Top 46%

Risk of Dilution Indicators

Highlights
0
Warnings
1
Alerts
1

Initial Float / Circulating Supply

This section assesses whether the TGE float is appropriately sized, what dilution it introduces, and how it compares to best performing projects. The float is also known as circulating supply and just because tokens are unlocked does not mean they enter circulation.

Initial Float

5.76%

Best Performer Float

12.34%

Team Float Control

54.3%
Low Control
Mid Control
High Control
At launch, the team controls 54.3% of the circulating supply, reducing the real initial float to 2.64%.

Circulating Token Supply (YoY)

Vesting Release Schedule

Category Score
88.18out of 100
Percentile
Top 33%

Terms and Conditions Indicators

Highlights
1
Warnings
0
Alerts
0

Investor Round Details

Investors Terms and Conditions

Here we focus on everything that matters to public and private investors, how the rounds are structured, what your payback looks like at TGE, and how fairly the different rounds are balanced mapping entry price, unlocks, vesting terms, and overall exposure.

Vesting Details

Hover to see the details.
Strategic Round
Private Round
Seed Round
Angel Round
Public Round

Target Hardcap

$50.6M
26.5%
73.5%
Venture Capital is selling 26.5% of its total token supply to investors in order to raise $50.6M in funding.

Category Score
89.56out of 100
Percentile
Top 39%

Valuation Indicators

Highlights
2
Warnings
1
Alerts
0

Valuation Comparison

This section compares the tokens valuation and performance to other projects within the same niche. It includes ROI benchmarks from the past year, the last 15 launches, and the top 5 competitors.

Niche ROI (Past Year Blockchain)

+42.04%

Niche ROI (Last 15 Blockchain)

+80.45%

Project FDV Status

Undervalued
Under
Fairly Valued
Over
Venture Capital is listing at 60.5% lower FDV compared to benchmark listing and current valuation averages.

Valuation Comparison

Valuation (FDV vs VDV)

We compare investor valuations using both Fully Diluted Valuation (FDV) and Vested Diluted Valuation (VDV) models to assess pricing from two key perspectives.<br /><br />The round that ranks highest across both valuation models is considered the best-valued round.

Preferred Round

Angel Round
Best
Out of 5
1
Ranked 1st by VDV
1
Ranked 1st by FDV

Rounds Ranked by FDV

1
Angel Round
$120.0M FDV
2
Seed Round
$140.0M FDV
3
Private Round
$170.0M FDV
4
Strategic Round
$200.0M FDV
5
Public Round
$340.0M FDV

Rounds Ranked by VDV

1
Angel Round
$58.7M VDV
2
Seed Round
$61.9M VDV
3
Strategic Round
$64.2M VDV
4
Private Round
$65.3M VDV
5
Public Round
$76.3M VDV

Investor FDV vs VDV

VDV Valuation Model

Category Score
83.83out of 100
Percentile
Top 44%

Break Even Indicators

Highlights
2
Warnings
1
Alerts
0

Break Even Analysis

Here we analyze how balanced private rounds are, which round breaks even first and which breaks even last by tracking cumulative ROI from unlocked tokens against the initial investment, and flag the month when ROI turns positive to define each project's payback period.

Fastest Rounds to Break Even

1
Public Round
in 6 months
1
Strategic Round
in 6 months
2
Private Round
in 7 months
3
Seed Round
in 9 months
4
Angel Round
in 11 months

Who Breaks Even First?

Public Round
in 6 months

Who Breaks Even Last?

Angel Round
in 11 months

Break-Even Analysis Chart

Investment Recovery at TGE

Price Performance to Break Even at TGE

Category Score
—out of 100
Percentile
—

Conclusions Indicators

Highlights
1
Warnings
1
Alerts
0

Overall Investor Round Ranking

Shows the overall ranking of investment rounds based on combined metrics, including break-even speed, investment recovery at TGE, Fully Diluted Valuation (FDV), and Vested Diluted Valuation (VDV). The conclusion is the ranking of rounds from best to worst conditions.

Most Favorable Round

Strategic Round
Best
Out of 5
1
Ranked 1st by Vesting Speed
2
Ranked 2nd by TGE Recovery
3
Ranked 3rd by VDV
4
Ranked 4th by FDV

Least Favorable Round

Seed Round
Worst
Out of 5
2
Ranked 2nd by FDV
2
Ranked 2nd by VDV
3
Ranked 3rd by Vesting Speed
5
Ranked 5th by TGE Recovery

Investor Round Ranking

Category Score
52.42out of 100
Percentile
—

Token Utility Indicators

Highlights
2
Warnings
1
Alerts
1

Token Utility

This vertical evaluates whether the token has a reason to exist within the broader ecosystem, and more importantly, why the user would choose to hold it over time. In simple terms, we evaluate what value the token creates and what specific problems does it solve.

Utility Score

52.42
Healthy

Value Flow

Weak
Utility Type
Status
Description
Governance
Token = voting power in DAO proposals or protocol changes.
Access / Feature Unlock
Token is required to access features, or tiers in a protocol.
Medium of Exchange
Used to pay network gas or internal protocol fees.
Staking (Consensus)
Network runs on PoS, so staking them gives an APY.
Medium of Payment
Token is used to pay for services, transactions, or products.
Showing 1-5 out of 5

Category Score
19.33out of 100
Percentile
—

Value Capture Indicators

Highlights
2
Warnings
1
Alerts
1
Value Accrual
Status
Description
Buyback and Burn
Mechanism for buying back and burning tokens.
Buyback and LP
Mechanism for buying back and LPing tokens.
Fee Redistribution
A portion of fees (from trading, etc.) is shared with holders
ve-Token Models
Governance
Revenue Share
Protocol revenue is shared with the holders.
Showing 1-5 out of 5

Value Capture and Accrual

This vertical evaluates how the protocol captures and retains value, and whether that retained value accrues back to the token. Most systems leak, where tokens flow in, users engage, but all the value flows out. And here we assess whether that value flows back into the token or not.

Value Accrual

Weak

Value Capture

Poor
Governance
DAO Voting & Proposals
Feature Access
Unlock Premium Tiers & Tools
Value Capture
Fee Collection Module
Buyback & Burn
Deflationary Mechanism
Project Treasury
(Company Revenue)
$TOKEN Flow
Which are the utilities, how does it capture value, and which are the value accrual mechanisms
Gas fee
Yield for veStakers
stakers get exposure to revenue

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
1
Select Market Maker

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

5.76%
/ Total Supply

Liquidity at TGE

Low
Medium
High
At TGE 2.40% is allocated for initial liquidity, which is 41.67% of the initial circulation.

Market Maker TGE Dominance

41.67%
/ Initial Circulation
6.9%Wintermute
34.7%Flowdesk
58.3%Others
Elements
Wintermute
Flowdesk
Circulating Supply at TGE57.6M $AUDIT 57.6M $AUDIT
Market Maker Allocation at TGE4.0M $AUDIT 20.0M $AUDIT
Market Maker Share of TGE6.94%34.72%
Initial Marketcap at TGE$19.6M$19.6M
MM Token Value at TGE$1.4M$6.8M
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1
Select Market Maker

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
Select Market Maker

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
Select Market Maker

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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1
Select Market Maker