• Hacken’s Belief Military reviewed the tokenomics of 100 Web3 tasks.
• Belief Military has recognized three most important teams of tasks primarily based on token distribution transparency.
• The report exhibits that 16.5% of tasks disguise their whitepaper, 34% disguise their tokenomics and solely 50% handed an audit.

Belief Military, a Web3 analysis and training platform from Hacken, reviewed the tokenomics of the highest 100 EVM-enabled tasks in its first beta. Info from the report exhibits that the platform was in a position to determine three most important teams primarily based on how they share details about their token distribution.

The primary group of tasks are those who overtly share information about their token distribution, regardless of the failings. The second group consists of those that conceal the supply of their token issuance, whether or not deliberately or not. The third group consists of those that show their token distribution in a complicated method.

Belief Military discovered that out of 100 Web3 verified tasks, 16.5% disguise their whitepaper, 34% disguise their tokenomics, and solely 50% handed a wise contract audit. Moreover, 33% of tasks’ token holders have 1% or extra of the entire token provide of their wallets, whereas 39% of tasks have 1-3 token holders with greater than 10% of the entire token provide. chips of their wallets.

The report notes, nonetheless, that the information acquired is an interim evaluation and will likely be supplemented by reviews from the remaining tasks within the beta. The platform advises customers to verify third-party websites akin to Wayback Machine and GitHub to find details about token issuances and distribution, even when tokenomics are hidden.

The Belief Military crew states that they intention to assist construct a seamless Web3 by enabling anybody to study Web3 analysis and DYOR crypto expertise by means of their Belief Military initiative. The undertaking has rolled out a transparent roadmap for the way forward for HAI and the Hacken.AI ecosystem. This consists of quite a lot of merchandise that assist construct belief in Web3, akin to Belief Military, in addition to changing HAI right into a Work-2-Earn, governance, and product utility token.