V.SYSTEMS
VSYS #2933Project Safety Score: 40%
Updated 2 hours, 46 minutes agoRecord
Health
Security
Behavioral
& Liquidity
V.SYSTEMS is a blockchain infrastructure provider that specializes in database and cloud services. It employs the Supernode Proof-of-Stake (SPoS) consensus algorithm, where supernodes are elected in a decentralized manner based on Proof-of-Stake principles. The native currency, VSYS, is utilized for transactions, staking, and minting within the network.
Founded with Sunny King as the lead architect, V.SYSTEMS focuses on creating decentralized cloud database technology that offers scalability, durability, and performance. The SPoS consensus is designed to provide high resistance to 51% attacks. The network's architecture supports modular systems, enabling the development of various applications across sectors like finance, entertainment, and social networking.
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.
Track record score 76 out of 100.
V.SYSTEMS has a solid track record with 8.3 years of operation and no regulatory actions against it. It has recorded only one historical incident, showcasing a relatively reliable history. However, there are two additional concerns identified by research, which slightly impacts its overall score in this area.
Developer health score 15 out of 100.
The developer health of V.SYSTEMS shows significant challenges, with only 114 stars and 44 forks on GitHub. There has been no commit activity in the last four weeks, indicating a lack of recent development. Despite having 15 contributors, the overall low engagement raises concerns about the project's responsiveness and future updates.
Network security score 49 out of 100.
The network security of V.SYSTEMS is somewhat average, with an economic security score of zero, indicating a low market cap of $919,738. Although the chain is 8.3 years old and has only one historical incident, the absence of a defined supply cap could lead to potential inflation, which may affect investor confidence.
Social behavior score 44 out of 100.
V.SYSTEMS has mixed social engagement indicators, with limited audience data on major platforms like Twitter and Reddit, although certain accounts are verified. There are allegations and some negative press associated with the project, contributing to a score that reflects concerns regarding its social credibility and involvement in the community.
Adoption and liquidity score 15 out of 100.
The liquidity and adoption aspect of V.SYSTEMS is notably weak, with a very low daily trading volume of $595,507. While there are four centralized exchange listings, the low market cap and liquidity tier suggest that this asset has limited trading activity, which could pose risks to investors looking for more robust market dynamics.
Investing in V.SYSTEMS carries inherent risks, including historical incident reports, recent development inactivity, and low market liquidity. Potential investors should tread cautiously and conduct thorough research considering these factors before making financial commitments.
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Prior: Peercoin, PrimecoinInventor of the Proof of Stake (PoS) consensus mechanism, creator of Supernode Proof-of-Stake (SPoS) for V.SYSTEMS.
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Prior: CitiFormer Citi executive with a decade of experience in finance and tech sectors, leading V.SYSTEMS since 2022.
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Audit revealed additional risks, including poorly documented external functions and inefficient revert statements.
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0.8
Investors allege that VMS was an illegal Ponzi scheme, leading to significant financial losses.The Korea Daily · source ↗
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hack 2025-01-08Discord server was hacked, leading to the posting of fraudulent links. ↗
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The Korea Daily · 2024-04-23
- ✓Inventor of the Proof of Stake (PoS) consensus mechanism, creator of Supernode Proof-of-Stake (SPoS) for V.SYSTEMS.
- ✓Former Citi executive with a decade of experience in finance and tech sectors, leading V.SYSTEMS since 2022.
- ✗Low economic security
- ✗No recent code commits
- ✗No hard cap on total token supply
- ✗Public scam allegations have been raised
- ✗Very low L1 trading volume
- ✗Audit revealed critical findings, including poorly documented external functions and inefficient revert statements.
- ✗Investors allege that VMS was an illegal Ponzi scheme, leading to significant financial losses.
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