Palm Economy

Palm Economy

PALM #2750
CCC 53% Token Watch

Project Safety Score: 53%

Updated 3 hours, 8 minutes ago
Palm EconomyPALM
Market Cap$1229137
24hr Volume$8
24hr Change-0.4%
Price$0.00010332135722565251
Coverage: 5 buckets · 80% resolved
Concerns raised - see Red Flags below
Scoring rubric: Smart-Contract Token - scored on contract safety, liquidity, holders, team, social
Liquidity
& Market
7 F
100% · medium
Team
Credibility
63 BB
50% · low
Social
Behavioral
43 CC
75% · medium
Contract
Mechanics
98 AAA
100% · medium
Holder
Distribution
-
0% · low

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PALM Palm Economy Details
Type
RWA Protocol
Team
Unknown
Tokenized AssetsBNB Chain EcosystemCardano EcosystemReal World Assets (RWA)RWA Protocol

PALM Economy is a real-world asset (RWA) commodities trade and DeFi project. It uses RWA tokenization, decentralized trade financing, on-chain traceability, and credentials, and centers on the PALM utility token as part of the Palmyra ecosystem.

The description states that solutions have been deployed across Sri Lanka, Nepal, Indonesia, Japan, Argentina, Paraguay, Greece, and East Africa, using tokenized RWAs for transparency and trade-related processes. No founding year, founder names, native chain, token supply cap, or governance model details are provided.

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 11 out of 100. On public market data, trading appears extremely thin with near zero volume and very low liquidity. Depth is minimal, with about $10 of 24h volume, and the volume to market cap ratio is effectively 0.0%. Exchange listing data shows activity on four exchanges, but none are green-trust and there is 1 red exchange, aligning with the "nogreentrustexchange", "verylowliquidity", and "nearzero_volume" flags.

Team credibility score 63 out of 100. Public records indicate one audit firm is on record, and the whitepaper quality is rated medium (70). However, the asset age (no deploy or genesis date) and whether the team is doxxed could not be determined from available information. Overall, the score suggests moderate support from documentation and audit visibility, but meaningful gaps remain around provenance and identifiable leadership.

Social and behavioral score 51 out of 100. Social audience data is available in limited form, with Twitter (linked) and Telegram at 156. There are no allegations or bad press recorded, and there is 1 regulatory signal with 0 incidents. An influencer or social analytics snapshot was not available in the dataset, and there is no enrichment record for agent risk signals, which limits how confidently social risk can be interpreted.

Contract mechanics score 98 out of 100. Contract checks are strongly positive: at least one contract is verified, the contract is open source, and honeypot behavior is not detected. Minting is disabled, owner privileges and ownership safety checks pass, balances are locked, and there are no hidden hidden or pausable or blacklist functions flagged negatively in the results (reported as 100). Trading tax is 0.0% on both buy and sell, and a hard supply cap is defined at 50,000,000,000, with only the circulating ratio flagging that just 21% is circulating.

Inherent crypto risk: Even with robust contract mechanics, the overall safety score is dragged down by market and liquidity risks for Palm Economy. Tokens with extremely low liquidity can experience sharp price moves, make trades difficult at fair prices, and increase the risk that negative events are hard to exit quickly.

  • Dan Friedman - Founder and CEO of Zynga Global (company behind the Palmyra ecosystem and Palm Economy) LinkedIn ↗
    LinkedIn indicates Dan Friedman is Founder/CEO - zenGate Global. ([jp.linkedin.com](https://jp.linkedin.com/in/dfriedman1?utm_source=openai))
  • Cyberscope unknown
    Found a third-party page labeled as a smart contract audit, but no auditor report URL or result/outcome details were available in the search snippet.
View whitepaper ↗ (2024)
Quality: medium
Whitepaper content could not be fully reviewed in this session output, but it appears to contain token economy and allocation tables, plus vesting and emissions assumptions.
Max supply: 50B
Team allocation: 15.0%
Treasury: 10.0%
  • FSA (Seychelles Financial Services Authority) 2025-03-28
    PALM token achieved status of Seychelles' first-ever fully registered utility token (as stated by the project on X; regulator action details not verified in this session)
  • Project publishes a PALM token economy whitepaper PDF and a separate litepaper PDF on its domain.
  • Published allocation and vesting schedule tables in the whitepaper include explicit team, treasury, incentives, and investor cohort percentages.
  • Trading volume is near zero
  • Not listed on any high-trust exchange
  • Less than 50% of supply is circulating
  • Very low on-chain liquidity
  • Limited public evidence of independent audit reports with accessible full report URLs (only a third-party audit page was found without an auditor report link).
  • Some token-related trading/liquidity signals appear thin on certain trackers (not treated as conclusive evidence, just a potential diligence item).

Price Chart

Contract Security

binance-smart-chain · 0x502a641decfe32b1e3d030e05effb8ae5146e64b
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
Source: GoPlus Security

View on Chain

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85%
Profile Status
Data completeness
Some data missing
High confidence

Market Stats

All-Time High$0.00
All-Time Low$0.0001
Circulating11896255136
Total Supply50000000000

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Palm Economy GitHub