OpenEden

OpenEden

EDEN #865
BB 64% Token Watch

Project Safety Score: 64%

Updated 18 minutes ago
OpenEdenEDEN
Market Cap$18166872
24hr Volume$2621948
24hr Change6.4%
Price$0.045299706706732064
Coverage: 5 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: Smart-Contract Token - scored on contract safety, liquidity, holders, team, social
Liquidity
& Market
81 A
100% · medium
Team
Credibility
81 A
100% · medium
Social
Behavioral
33 C
80% · low
Contract
Mechanics
97 AAA
100% · medium
Holder
Distribution
27 D
100% · medium

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EDEN OpenEden Details
Type
RWA Protocol
Launched
2023
HQ
Singapore
Team
Doxxed
BNB Chain EcosystemEthereum EcosystemReal World Assets (RWA)RWA Protocol

OpenEden, founded in early 2023, focuses on providing on-chain access to tokenized US Treasury securities. It targets Web3 CFOs, DAO treasury managers, and institutional investors interested in low-risk crypto cash management solutions. OpenEden is noted for being the first tokenized real-world asset issuer to receive a Moody's "A-bf" bond fund rating and has become the largest issuer of tokenized US Treasuries in Asia and Europe.

The project operates through a licensed investment management entity that manages a BVI-registered professional fund. This fund is responsible for issuing $TBILL tokens and custodizing the underlying assets with licensed third-party custodians. OpenEden emphasizes a structured approach to tokenization within its ecosystem.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Liquidity and market dynamics score 82 out of 100.
This asset displays robust liquidity attributes, highlighted by a volume-to-market cap ratio of 36.73%, reflecting healthy trading activity. The liquidity depth score of 61 indicates a solid level of available funds, with a 24-hour trading volume of approximately $2.79 million. Furthermore, the project's strong presence across 28 exchanges — including 14 rated positively — enhances its market accessibility, contributing to an overall favorable assessment of liquidity and trading conditions.

Team credibility score 73 out of 100.
OpenEden's team credibility is bolstered by public identification of its team members, which scores a full 100. The asset is relatively new, being just 0.6 years old, with one audit firm associated with it, scoring 60 in the audit category. The quality of the project's whitepaper is rated highly, indicating a well-thought-out concept. The deployer's address is also recorded, presenting a level of transparency and accountability that is beneficial for investor confidence.

Social and behavioral score 41 out of 100.
The social behavior score reflects a mixed landscape for OpenEden. Although sentiment is overwhelmingly positive, with no negative feedback recorded, the social audience is limited, with approximately 2,396 followers on Telegram and a linked status on Twitter. The presence of scam allegations and a hack or exploit history are concerning factors. Additionally, five flags have been raised regarding further agent risk signals, which merit closer scrutiny by potential investors.

Contract mechanics score 97 out of 100.
The contract mechanics of OpenEden are impressively secure and robust. The contract is fully verified, open-source, and has no honeypot characteristics, indicating that users can participate without fear of being restricted or taken advantage of. Key safety features include disabled mint authority, ownership privileges checks, and locked balances, all crucial for security. However, the score indicates that the contract uses a proxy pattern, making it upgradable, along with a relatively low circulating ratio of 18%, which may raise potential concerns about liquidity in the future.

Holder distribution score 26 out of 100.
The distribution of holders for OpenEden raises significant concerns, with the top ten wallets holding an overwhelming 89.2% of the total supply. This concentration indicates a lack of decentralization and suggests that a small number of holders could heavily influence market dynamics. Additionally, the largest non-filtered wallet represents 21.9%, further underscoring the risks associated with high wallet concentration. With only 54 holders recorded, this distribution could lead to vulnerabilities in price stability and investor confidence.

While OpenEden holds promise in certain areas like liquidity and contract mechanics, potential investors should remain cautious given the notable concerns around social credibility and holder distribution. The combination of risk flags, including allegations of scams and a high concentration of ownership, underscores the inherent risks associated with investing in this asset. Investors are advised to conduct thorough analysis and consider the overall market context before engaging.

  • Jeremy Ng - Founder, CEO LinkedIn ↗
    Prior: Former Head of Digital Assets at DBS Bank
    Jeremy Ng has a background in digital assets and has held leadership positions in financial institutions.
  • Duke Du - Co-Founder, CTO LinkedIn ↗
    Prior: Former CTO at FinTech Innovations
    Duke Du has extensive experience in blockchain technology and software development.
  • Wayne Tan - Co-Founder, General Counsel LinkedIn ↗
    Prior: Legal Advisor at CryptoLegal LLP
    Wayne Tan specializes in blockchain law and regulatory compliance.
  • ChainSecurity 2024-08-12 pass report ↗
    The audit found no critical, high, or medium severity issues, and all low-severity findings were addressed by OpenEden.
View whitepaper ↗ (2026)
Quality: high
Max supply: 1000000000
Team allocation: 20.0%
Investors: 30.0%
Public: 50.0%
Next unlock: 2026-12-31
  • 0.8
    Allegations against co-founder Eugene Ng led to a $30 million drop in TVL.
    BeInCrypto · source ↗
  • DNS Hijacking 2026-02-16
    OpenEden's DNS was compromised, leading to potential phishing risks for users.
  • First tokenized RWA issuer to receive a Moody's "A-bf" bond fund rating
  • Largest issuer of tokenized US Treasuries in Asia and Europe
  • Experienced founding team with backgrounds in digital assets and blockchain technology
  • Majority of recent sentiment is negative
  • Public scam allegations have been raised
  • A single wallet holds over 10% of supply
  • Top 10 wallets hold more than 50% of supply
  • Contract is upgradable via proxy
Contract is upgradable via proxy
Risk: The team can change the contract logic after deployment
Benefit: The team can fix bugs, patch vulnerabilities, and ship upgrades

Price Chart - OpenEden

Contract Security

ethereum · 0x24a3d725c37a8d1a66eb87f0e5d07fe67c120035
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
Source: GoPlus Security

On-Chain Facts

Total Holders
6141
Top 10 Hold
87.2%
Top 50: 98.7%
Top Holders
  • 0x80aa92c0073ea2aff… 21.60%
  • 0x7ffd54302766e3dd4… 20.85%
  • 0x80d96ab88aeedc755… 14.14%
  • 0xf977814e90da44bfa… 8.30%
  • 0xad11e97f5044db890… 5.31%
  • 0x1f364236d5011bda2… 5.23%
  • 0x7e6c274e9f57b0f05… 5.11%
  • 0x3b225f50ebe590c46… 2.31%
  • 0xf9900ce9f2072f906… 2.25%
  • 0x1157a2076b9bb22a8… 2.05%
Source: ethplorer
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71%
Profile Status
Data completeness
Some data missing
High confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$1.31
All-Time Low$0.0259
Circulating401565392
Total Supply1000000000

Recent News

$350 billion in stablecoins earn nothing for holders. OpenEden wants to change that.

general 1 source 3 months, 1 week ago

OpenEden issues first tokenized access to BNY’s Global Short-Dated High-Yield Bond strategy

general 1 source 3 months, 2 weeks ago

OpenEden has launched the tokenized product HYBOND on the Ethereum chain in collaboration with BNY Investments

general 2 sources 3 months, 2 weeks ago

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general 1 source 4 months, 1 week ago

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general 1 source 8 months, 2 weeks ago