Ovato
OVATOProject Safety Score: 56%
Updated 21 hours, 46 minutes ago& Market
Credibility
Behavioral
Mechanics
Distribution
Ovato is a decentralized financial project focused on promoting its utility coin, OVATO. The primary aim is to create a user-friendly digital currency that can be integrated into everyday transactions, providing an efficient alternative to conventional financial systems. The project utilizes blockchain technology to enable secure and permissionless value exchange in a decentralized manner.
The architecture of Ovato emphasizes a non-custodial and low-cost solution, particularly for merchants facing significant transaction fees in traditional banking. The initiative seeks to address the inefficiencies associated with these conventional systems while fostering a broad adoption of its native currency. The specific founding year and the names of the founders are not detailed in the available information.
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.
Economic design score 100 out of 100.
The project boasts a strong economic design with a defined hard cap of 344,400,000 tokens, indicating a clear supply limit. This strategic planning enhances the potential for value appreciation and investor confidence, giving it an exemplary score.
Liquidity and market dynamics score 36 out of 100.
While the project's liquidity depth is moderately low at 40, the 24-hour trading volume of $403,107 raises some concerns about market activity. Furthermore, its presence on two exchanges—including one categorized as a yellow flag—suggests limited accessibility, which can impact overall liquidity negatively.
Team credibility score 50 out of 100.
The project has been around for 2.3 years, and although one audit firm is on record, the anonymity of the team poses potential risks. The medium-quality whitepaper offers some assurances, but the lack of transparency may deter some investors, resulting in a neutral score.
Social behavior score 55 out of 100.
The social presence shows a mixed profile with a relatively low audience on Twitter and a reasonable following on Telegram, though the Twitter account is verified despite limited follower information. Positive signals include no allegations or bad press, yet there are additional concerns that need addressing, leading to a modest score.
Contract mechanics score 93 out of 100.
The smart contract is well-designed, being both open source and verified, ensuring transparency and security. With no honeypot risks and excellent safety features regarding ownership and balance manipulation, the high score reflects robust technical foundations, although the presence of mintable and pausable functions introduces some risk.
Investing in cryptocurrency like Ovato carries inherent risks due to market volatility and the potential for undiscovered issues. While the project demonstrates strong economic design and contract mechanics, concerns about liquidity, team anonymity, and limited social engagement should be carefully considered by potential investors.
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6 findings: 2 critical (unresolved), 4 minor (unresolved).
- ✓Audit report available with findings addressed.
- ✓Active social media presence.
- ✓Whitepaper available.
- ✗Team is anonymous
- ✗Token supply can be minted by the owner
- ✗Not listed on any high-trust exchange
- ✗Transfers can be paused by the owner
Price Chart
Contract Security
0xe1b0e0f0427af6f943cdeb6304eed259d152fc78Market Stats
Recent News
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