{ "version": "new-listing-fundamentals-1.0", "reviewed_at": "2026-09-17T16:09:50.235942Z", "technical_as_of": "2026-09-17T00:00:00Z", "scope": "Editorial source review, not on-chain due diligence, audited financials or a fundamental score", "profiles": [ { "status": "Supply disclosures need reconciliation", "product": "DGrid AI describes a distributed marketplace and routing network for AI inference and agents. The research thesis is cheaper, verifiable access to compute—not simply exposure to the AI narrative.", "utility": "Issuer documents propose DGAI payments for inference, node collateral and protocol voting. Demand depends on paying workloads; airdrop participation is not evidence of recurring customer demand.", "supply": "Both reviewed issuer documents state a 1 billion supply. The litepaper allocates 50% to nodes and 20% to community rewards. Its team vesting description is two-year linear; the MiCAR paper instead states a one-year cliff followed by two-year linear vesting. These descriptions have not been reconciled to deployed contracts; no precise next unlock is asserted.", "adoption": "The project publishes an Arena participation interface and technical documentation. We have not verified paid inference revenue, recurring customers or live node decentralization. Points and rewards can subsidize activity.", "security": "A regulatory-format whitepaper is an issuer disclosure, not a regulator endorsement or a smart-contract audit. Current administrator powers and effective vesting contracts remain unverified in this review.", "decision": "Technical strength is worth tracking, but reconcile the team schedule and verify paid workload receipts before making a fundamental allocation case. Prefer evidence of fees relative to token rewards over participant counts.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791537769" ], [ "DGrid litepaper", "https://static.dgrid.ai/dgrid_litepaper.pdf" ], [ "DGrid MiCAR disclosure", "https://static.dgrid.ai/micar-whitepaper" ], [ "DGrid Arena", "https://dgrid.ai/arena" ] ], "symbol": "DGAI" }, { "status": "Supply disclosures need reconciliation", "product": "Canopy offers infrastructure for sovereign appchains and AI-assisted application development. The key question is whether independent applications repeatedly use its security and deployment services.", "utility": "Project economics describe CNPY transaction fees and validator staking for nested chains. That creates a potential usage link, but deployment counts alone do not show how much demand reaches the token.", "supply": "The MEXC listing states 560 million total tokens; the reviewed Canopy economics page projects 504 million under block rewards and halvings. The source vintage, native-versus-wrapped scope and current policy need reconciliation. We do not select one as verified circulating supply or publish an FDV from it.", "adoption": "The project site advertises mainnet and separately labels its user/developer counters as testnet metrics. Those counters must not be interpreted as paying mainnet users; an independent retention and fee series was not verified.", "security": "Consensus, validator concentration and bridge/wrapped-token arrangements need their own review. A BSC listing contract is not proof that all native-chain economic claims apply unchanged.", "decision": "Monitor production app usage and fee demand, while resolving the supply mismatch before valuation. A strong price advance does not resolve inconsistent economic disclosures.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791538187" ], [ "Canopy product site", "https://www.canopynetwork.org/" ], [ "Canopy economics", "https://canopy-network.gitbook.io/docs/canopy-network/canopy-economics" ] ], "symbol": "CNPY" }, { "status": "Token mechanism documented; adoption unverified", "product": "KiiChain targets stablecoin foreign exchange, settlement and financial infrastructure for emerging markets. The commercial question is sustained payment and FX demand rather than an RWA label alone.", "utility": "KII is described as the network gas, staking and governance asset. Some application benefits require eligible active participation; simply holding KII does not automatically earn trading rewards.", "supply": "The project specifies 1.8 billion maximum supply. Investors hold 14.15%, with a 12-month cliff then 24-month vesting; the 9.5% team allocation has a two-year cliff then two-year vesting. Community releases follow separate schedules. These are issuer terms, not an on-chain reconciliation or a dated next-unlock calculation.", "adoption": "Documentation establishes the intended economic mechanism. This review does not verify customer payment volume, net protocol fees or the share of usage independent of incentives.", "security": "Cross-chain connectivity and FX/oracle dependencies add risks beyond the token contract. Fixed maximum supply does not eliminate dilution from already allocated but not circulating tokens.", "decision": "The utility thesis is clearer than a pure meme narrative. Validate recurring settlement demand and supply releases against actual usage; do not substitute exchange turnover for network adoption.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791537447" ], [ "KiiChain tokenomics", "https://docs.kiiglobal.io/docs/learn/tokenomics/intro-coin-details.md" ], [ "KII utility", "https://docs.kiiglobal.io/docs/learn/tokenomics/utility.md" ] ], "symbol": "KII" }, { "status": "Meme narrative; no verified economic utility", "product": "Cash Cat is described by listing sources as a Robinhood Chain meme token. The LBank introduction explicitly characterizes it as entertainment-first and unaffiliated with Robinhood Markets.", "utility": "No productive token use or revenue entitlement was established. A chain name and mascot narrative are not ownership of, or sponsorship by, the company sharing that name.", "supply": "MEXC states 1 billion total. We have not reconciled circulating tokens, administrator powers or concentration. Website claims about pool liquidity or taxes are not independently verified lock or supply evidence.", "adoption": "Multiple listings establish trading availability, not product-market fit. Community participation and exchange volume do not demonstrate fee-paying business customers.", "security": "The reviewed CertiK project page lists audits as unavailable. A monitoring score or verified-contract badge must not be described as a completed security audit.", "decision": "Its current trend can justify price monitoring, but not a fundamentals-based recommendation. Require holder distribution, transfer-permission and liquidity-lock checks before any stronger claim.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791536751" ], [ "LBank project introduction", "https://www.lbank.info/fil/support/articles/2074696949230993408" ], [ "CertiK audit availability", "https://skynet.certik.com/projects/cash-cat" ] ], "symbol": "CASHCAT" }, { "status": "Fee mechanism documented; valuation not established", "product": "Aerodrome is a Base liquidity and exchange protocol. This is a newly covered Binance venue market, not a newly launched project. Its fundamental research question is durable trading-fee generation.", "utility": "AERO rewards liquidity providers; locking into veAERO enables voting and associated fee/incentive participation under protocol rules. Buying liquid AERO alone is not equivalent to holding a fee-producing locked position.", "supply": "The official disclosure describes recurring emissions and governance-linked incentive allocation. We do not treat the token as a fixed-cap asset or infer current circulating supply from an old initial allocation.", "adoption": "A documented fee-distribution mechanism is stronger evidence than an unspecified future utility. Current revenue, incentive-adjusted organic volume and sustainable yield were not independently measured for this edition.", "security": "Locking introduces duration and governance exposure; liquidity incentives and external voting incentives can distort headline activity. Smart-contract and Base dependency risks remain.", "decision": "Compare actual fee income with emissions and incentive spending before valuation. The present negative weekly return still warrants the technical waiting label despite a more developed product thesis.", "sources": [ [ "Official venue listing", "https://www.binance.com/en/support/announcement/detail/1631198cd282431bbb5fbd333106a413" ], [ "Aerodrome official disclosure", "https://aerodrome.finance/documents/AERO/legal-disclosures.pdf" ], [ "Aerodrome documentation", "https://aerodrome.finance/docs" ] ], "symbol": "AERO" }, { "status": "Limited fundamental evidence", "product": "The contract-matched project page presents a cat-themed browser game. A playable game is a product surface, but does not establish paid demand for CATE or a claim on game revenue.", "utility": "A revenue entitlement or indispensable token use was not verified. This is not a claim that none exists; the available evidence cannot support it.", "supply": "Current circulating supply, holder concentration and a validated vesting schedule were not established. No unlock calendar is interpreted as unknown, not zero future supply.", "adoption": "The exchange listing and market observations are verified at their stated times. Paying users, recurring business revenue and non-incentivized retention have not been independently measured.", "security": "A game score is not an on-chain token balance. Check whether any economic use is actually required by the game, plus mint/freeze authority and liquidity concentration.", "decision": "Treat as high-risk observation. Strengthen the thesis only with contract-matched utility, supply and security evidence; price momentum alone cannot fill those gaps.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791537081" ], [ "Contract-matched project page", "https://www.cate.cat/" ] ], "identity": "SOL · Ai66LHZG9MCzg1WKdawwqduVAXpNDUuV8M3uyq5ppump", "symbol": "CATE" }, { "status": "Security review needed", "product": "The verified listing places this contract in Meme+. We did not establish a contract-matched product, enforceable token utility or independently measured business activity.", "utility": "A revenue entitlement or indispensable token use was not verified. This is not a claim that none exists; the available evidence cannot support it.", "supply": "Current circulating supply, holder concentration and a validated vesting schedule were not established. No unlock calendar is interpreted as unknown, not zero future supply.", "adoption": "The exchange listing and market observations are verified at their stated times. Paying users, recurring business revenue and non-incentivized retention have not been independently measured.", "security": "Contract-level sellability and administrator permissions have not been reproduced by us. An external contract-specific exit warning was found; it remains unverified in this review and is not proof that every venue trade is blocked. Require a current independent contract review before stronger claims.", "decision": "Treat as high-risk observation. Strengthen the thesis only with contract-matched utility, supply and security evidence; price momentum alone cannot fill those gaps.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791537583" ], [ "External warning — not independently reproduced", "https://provewall.com/t/bsc/0xbeea1d618e533a387d941f58a7d4c9b7bd377777" ] ], "identity": "BSC · 0xBEEA1D618e533a387D941F58a7d4c9b7bD377777", "symbol": "牛来" }, { "status": "Utility described; production demand unverified", "product": "Nesa describes a network for private and verifiable AI inference. Its differentiator must be tested through working inference, verification and cost—not just a claim to host many models.", "utility": "The project says NES pays for inference/queryspace, compensates model and node operators, and supports network security. Actual token demand depends on repeated paid use rather than subsidized demonstrations.", "supply": "The venue announcement states 1 billion NES. A current independently reconciled circulating supply, allocation-wallet map and dated vesting schedule were not established; missing unlock information does not mean no unlocks.", "adoption": "The reviewed site links a playground and labels a testnet. Model listings and illustrative prices do not establish paid production throughput or revenue. This review has not tested claimed privacy guarantees.", "security": "Verify which inference operations use proofs or trusted hardware and what those checks actually protect. Team research claims and website partner logos are not independent security attestations.", "decision": "Require reproducible inference receipts, current network status and economic demand. Its thin observed exchange activity compounds the uncertainty around adoption.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791536430" ], [ "Nesa product and token description", "https://nesa.ai/" ], [ "Nesa documentation", "https://docs.nesa.ai/" ] ], "symbol": "NES" }, { "status": "Product thesis documented; token capture unclear", "product": "Cap describes a credit and USD-yield platform connecting lenders, borrowers and collateral-backed underwriters. The relevant fundamental questions are credit quality, collateral coverage and realized losses.", "utility": "The product uses deposit instruments including cUSD; these are not the same asset as CAP. The reviewed material does not establish an enforceable CAP-holder claim on borrower interest or platform revenue.", "supply": "MEXC states 10 billion CAP. Current circulating supply and an independently verified allocation/unlock schedule were not established, so neither a precise dilution forecast nor a fair-value multiple is supplied.", "adoption": "Public product and protocol documentation exists. We did not validate current loan-book size, net revenue or loss history; website counters and advertised yield are not used as audited fundamentals.", "security": "Underwriter collateral can be insufficient or slow to realize; smart-contract, oracle, stablecoin and borrower risks remain. Financial guarantees described by the project are not a guarantee to a CAP token buyer.", "decision": "Research the underlying credit engine, but verify exactly how CAP benefits before treating platform growth as token value. Monitor collateral adequacy and realized defaults rather than advertised yield alone.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791536474" ], [ "Cap platform", "https://www.cap.app/" ], [ "Cap protocol introduction", "https://docs.cap.app/" ], [ "Cap lender mechanics", "https://docs.cap.app/concepts/lender" ] ], "symbol": "CAP" }, { "status": "Membership utility documented; no revenue entitlement", "product": "Grvt combines trading, savings and investment access on a common balance. The product thesis is capital efficiency and user retention, with a documented operating platform rather than only a future exchange proposal.", "utility": "The July litepaper defines GRVT as a fee/access membership token, explicitly without equity or revenue/profit distributions. It also says membership does not confer preferential product yield or allocation; earlier promotional descriptions should not override this limitation.", "supply": "The announced cap is 1 billion. The litepaper describes team/investor lockups and multi-year vesting, with some investor exceptions. Community distributions generally span 12 months but account schedules vary. We do not project all tokens using one airdrop schedule.", "adoption": "The live site exposes trading and product interfaces. Historical volume and wallet totals in issuer announcements are self-reported; organic retained users and audited net revenue were not independently established.", "security": "The litepaper names security reviewers, but this review does not verify their deployed-code coverage. Layer-2 settlement, withdrawals and jurisdictional restrictions require separate assessment.", "decision": "Test whether fee savings create sustained membership demand. Do not pitch GRVT as a share of exchange profits, and distinguish shipped products from roadmap items.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791537085" ], [ "GRVT July litepaper", "https://help.grvt.io/en/articles/15942962-grvt-litepaper" ], [ "GRVT TGE and release explanation", "https://help.grvt.io/en/articles/16106859-everything-about-tge" ], [ "Initial token announcement", "https://grvt.io/blog/introducing-grvt-token/" ] ], "symbol": "GRVT" }, { "status": "Product positioning visible; token capture unverified", "product": "The current listing describes DAPPOS and its xBubble AI agent product. Older documentation emphasizes an intent-execution framework. Product evolution must be distinguished from evidence that a particular token receives economic value.", "utility": "Legacy unified-account documentation supports payment in multiple mainstream tokens. That is not proof that DOS is indispensable, burned by usage or entitled to AI subscription revenue. Those links remain unverified here.", "supply": "The venue states 1 billion DOS. We have not reconciled circulating supply, insider allocations or a current vesting schedule; exchange listing and total supply are insufficient to estimate sell pressure.", "adoption": "Product descriptions and documentation are available. Paying AI users, retention, execution fees and subsidy-adjusted revenue were not independently established in this review.", "security": "Agent permissions, task execution and contract upgrades require evaluation. Historic investor or integration claims do not substitute for auditing the currently deployed product and token.", "decision": "Ask for the current DOS economic specification and measurable paid usage. Until product-to-token demand is documented, classify this as a technical observation with an unresolved fundamental thesis.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791537404" ], [ "DAPPOS project site", "https://dappos.com/" ], [ "Unified-account documentation", "https://dappos.gitbook.io/docs/dappos/intent-task-frameworks/unified-account" ] ], "symbol": "DOS" }, { "status": "Limited fundamental evidence", "product": "The contract-matched launchpad page describes liquidity-pool staking and compounding. This is a publisher description, not verified evidence of sustainable yield or deployed audited strategies.", "utility": "A revenue entitlement or indispensable token use was not verified. This is not a claim that none exists; the available evidence cannot support it.", "supply": "Current circulating supply, holder concentration and a validated vesting schedule were not established. No unlock calendar is interpreted as unknown, not zero future supply.", "adoption": "The exchange listing and market observations are verified at their stated times. Paying users, recurring business revenue and non-incentivized retention have not been independently measured.", "security": "Inspect the deployed strategy, source of rewards and withdrawal controls. A staking promise can recycle emissions rather than generate external revenue.", "decision": "Treat as high-risk observation. Strengthen the thesis only with contract-matched utility, supply and security evidence; price momentum alone cannot fill those gaps.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791537829" ], [ "Contract-matched launchpad listing", "https://pump.fun/coin/0xe8ffd7e24187f72afb08d75b1bb13088a989a791" ] ], "identity": "ROBINHOOD · 0xe8ffd7e24187F72afB08d75B1bb13088A989a791", "symbol": "DELTA" }, { "status": "Limited fundamental evidence", "product": "MEXC identifies a Meme+ market for this contract. The letters AI in a ticker do not establish an AI product, compute demand or audited earnings.", "utility": "A revenue entitlement or indispensable token use was not verified. This is not a claim that none exists; the available evidence cannot support it.", "supply": "Current circulating supply, holder concentration and a validated vesting schedule were not established. No unlock calendar is interpreted as unknown, not zero future supply.", "adoption": "The exchange listing and market observations are verified at their stated times. Paying users, recurring business revenue and non-incentivized retention have not been independently measured.", "security": "Do not import utility claims from another AI ticker. Tokenized-asset pairing claims found elsewhere require direct issuer, contract and redemption verification before use.", "decision": "Treat as high-risk observation. Strengthen the thesis only with contract-matched utility, supply and security evidence; price momentum alone cannot fill those gaps.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791537014" ] ], "identity": "ROBINHOOD · 0x2E8c31162b855A2ffa90F6F8634643Ad6F111e18", "symbol": "AIINU" }, { "status": "Limited fundamental evidence", "product": "This entry is the specified Solana Meme+ contract. A stock-themed name is not evidence of company shares, a backing portfolio or dividend rights.", "utility": "A revenue entitlement or indispensable token use was not verified. This is not a claim that none exists; the available evidence cannot support it.", "supply": "Current circulating supply, holder concentration and a validated vesting schedule were not established. No unlock calendar is interpreted as unknown, not zero future supply.", "adoption": "The exchange listing and market observations are verified at their stated times. Paying users, recurring business revenue and non-incentivized retention have not been independently measured.", "security": "Focus on mint/freeze permissions, large-holder concentration and independently verifiable liquidity. Its deep weekly closing drawdown already warns against treating activity as fundamental strength.", "decision": "Treat as high-risk observation. Strengthen the thesis only with contract-matched utility, supply and security evidence; price momentum alone cannot fill those gaps.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791537281" ] ], "identity": "SOL · 6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx", "symbol": "STONK" }, { "status": "Complex backing claims; ownership rights unverified", "product": "The matched BSC project markets a meme asset paired with SPCXB, a tokenized-stock-related asset. This is not the unrelated historical Marscoin project, nor proof that holders own shares in a company.", "utility": "The project describes a trading-tax-funded rewards vault and a link to SPCXB. Token pairing is different from legally enforceable redemption or ownership; no such holder right was independently established.", "supply": "The site advertises 3% buy and sell taxes. Current effective on-chain transfer settings, circulating supply and concentration were not independently checked. These DEX tax claims must not be applied mechanically to Binance order-book trades.", "adoption": "A project website and matching contract evidence exist. Reserve backing, custodial attestations, redemption terms and distributions to holders have not been verified.", "security": "There are layered token, collateral, intermediary and marketing-claim risks. The source’s backing language does not turn this into a verified tokenized-equity investment or a capital-protected asset.", "decision": "Keep it in high-risk observation pending contract, reward and backing checks. Do not infer company affiliation, equity exposure or guaranteed rewards from its branding or trading pair.", "sources": [ [ "Official venue listing", "https://www.binance.com/en/support/announcement/detail/c2eaa763831745b2b1701dab45e20225" ], [ "Matched Marscoin project", "https://www.marscoinbnb.com/" ] ], "symbol": "MARSCOIN" }, { "status": "Limited fundamental evidence", "product": "The official listing establishes this Meme+ contract. A fully reviewed issuer specification connecting platform fees to this token was not established; automatically generated token pages are insufficient.", "utility": "A revenue entitlement or indispensable token use was not verified. This is not a claim that none exists; the available evidence cannot support it.", "supply": "Current circulating supply, holder concentration and a validated vesting schedule were not established. No unlock calendar is interpreted as unknown, not zero future supply.", "adoption": "The exchange listing and market observations are verified at their stated times. Paying users, recurring business revenue and non-incentivized retention have not been independently measured.", "security": "Validate issuer-controlled fee contracts and actual distributions before using a launchpad-revenue thesis. A token listing alone does not confirm that token holders receive platform income.", "decision": "Treat as high-risk observation. Strengthen the thesis only with contract-matched utility, supply and security evidence; price momentum alone cannot fill those gaps.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791536873" ] ], "identity": "ROBINHOOD · 0x39dBED3a2bd333467115dE45665cC57F813C4571", "symbol": "PONS" }, { "status": "Limited fundamental evidence", "product": "The contract-matched project site centers on a comic-inspired character and community imagery. Branding is evidence of a narrative, not proof of intellectual-property licensing or productive cash flow.", "utility": "A revenue entitlement or indispensable token use was not verified. This is not a claim that none exists; the available evidence cannot support it.", "supply": "Current circulating supply, holder concentration and a validated vesting schedule were not established. No unlock calendar is interpreted as unknown, not zero future supply.", "adoption": "The exchange listing and market observations are verified at their stated times. Paying users, recurring business revenue and non-incentivized retention have not been independently measured.", "security": "Verify rights claims, holder concentration and liquidity controls. Do not infer author endorsement, company affiliation or financial backing from the character or chain name.", "decision": "Treat as high-risk observation. Strengthen the thesis only with contract-matched utility, supply and security evidence; price momentum alone cannot fill those gaps.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791536804" ], [ "Contract-matched project site", "https://certifiedshoodrat.com/" ] ], "identity": "ROBINHOOD · 0x8e62F281f282686fCa6dCB39288069a93fC23F1c", "symbol": "HOODRAT" }, { "status": "Limited fundamental evidence", "product": "The reviewed official evidence identifies a Meme+ token and its network. A contract-matched business product, reliable team disclosure or token value-capture specification was not established.", "utility": "A revenue entitlement or indispensable token use was not verified. This is not a claim that none exists; the available evidence cannot support it.", "supply": "Current circulating supply, holder concentration and a validated vesting schedule were not established. No unlock calendar is interpreted as unknown, not zero future supply.", "adoption": "The exchange listing and market observations are verified at their stated times. Paying users, recurring business revenue and non-incentivized retention have not been independently measured.", "security": "Prioritize contract permissions and independently verifiable LP custody. Its low observed turnover can make a sentiment reversal costly even if the displayed spread is currently acceptable.", "decision": "Treat as high-risk observation. Strengthen the thesis only with contract-matched utility, supply and security evidence; price momentum alone cannot fill those gaps.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791537119" ] ], "identity": "ROBINHOOD · 0x5Cb6F181081301b44905F3ae15419112ecaBd8A6", "symbol": "PIPEDOG" }, { "status": "Supply schedule documented; usage economics need proof", "product": "Aligned develops Ethereum infrastructure including proof verification/aggregation and financial-application tooling. The business thesis is lower integration and verification costs for production customers.", "utility": "ALIGN is presented as the ecosystem token, but this review does not establish a shareholder-like revenue claim. Inspect which deployed services require the token and how fee demand compares with incentives.", "supply": "The April 2026 update states 10 billion total and about 16% circulating at TGE, not today. Team 23.50% plus investors 19.71% total 43.21%; those allocations have a 12-month cliff, then 40% release and 18-month remaining vesting. Calendar dates require the actual TGE anchor.", "adoption": "Project disclosures distinguish mainnet beta verification from mainnet alpha aggregation. These stages should not be described as fully mature audited business performance; paid proof demand and customer retention remain unverified.", "security": "Proof-system, service-administration and implementation risks remain. A published supply schedule is useful evidence, but not proof that wallets follow it or that the token is undervalued.", "decision": "Track paid proofs, fees and production integrations alongside the cliff exposure. A positive product story must overcome, not conceal, concentrated future supply.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791537608" ], [ "Aligned April tokenomics update", "https://blog.alignedlayer.com/aligned-align-tokenomics-update/" ], [ "Aligned product site", "https://alignedlayer.com/" ] ], "symbol": "ALIGN" }, { "status": "Limited fundamental evidence", "product": "This specific Solana Meme+ contract must not inherit mobile-network or telecom utility from unrelated FONE-named assets. No such product-to-token demand was established in the reviewed evidence.", "utility": "A revenue entitlement or indispensable token use was not verified. This is not a claim that none exists; the available evidence cannot support it.", "supply": "Current circulating supply, holder concentration and a validated vesting schedule were not established. No unlock calendar is interpreted as unknown, not zero future supply.", "adoption": "The exchange listing and market observations are verified at their stated times. Paying users, recurring business revenue and non-incentivized retention have not been independently measured.", "security": "Reconcile the exact issuer and contract before relying on any same-ticker project description. Mint/freeze authority, supply concentration and liquidity lock status remain unverified.", "decision": "Treat as high-risk observation. Strengthen the thesis only with contract-matched utility, supply and security evidence; price momentum alone cannot fill those gaps.", "sources": [ [ "Official venue listing", "https://www.mexc.com/announcements/article/first-in-market-17827791537898" ] ], "identity": "SOL · CTPoyCwkjMvoJwU4xvZZqoD8tiYk6yDchySiN5gGpump", "symbol": "FONE" } ] }