Risks per Asset

(will be updated for new MMs) as of 01/30/2023

The results of the Risk Assessment Methodology are shown in this section, and an analysis has been made for each crypto asset that has been considered.

The table below shows the risk ratings per asset computed by our Risk Assessment Methodology after being applied to our historical data. This update was made on April 2022 and reflected the recent market volatility and considerable growth in use with some tokens.

Risk Analysis per Asset

Stablecoins

USDC

USD Coin (USDC) is a digital currency backed by U.S. dollar assets. USDC is a tokenized U.S. dollar, with one USDC coin pegged 1:1 to the value of one U.S. dollar. The value of USDC is designed to remain stable, making USDC a stablecoin.

USDC Smart contract Risk: A-

USDC on the MultiversX Blockchain is called Wrapped USDC and has only been active since the 12th of November 2021, with already over 682,089 transactions.

USDC Counterparty Risk: B

USD Coin is a stablecoin pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium behind this asset is a trusted entity in the ecosystem and is audited monthly by Grant Thornton.

USDC Market Risk: A+

There is a high trading volume for USDC on the xExchange reaching millions daily. USDC is a stablecoin backed by real USD, leading to low volatility.

Other Assets

EGLD

The MultiversX eGold (EGLD) Token is the native token of MultiversX Network and is used for everything from staking, governance, transactions, smart contracts, and validator rewards. The MultiversX Blockchain is a highly scalable, fast, and secure blockchain platform for distributed apps, enterprise use cases, and the new internet economy.

EGLD Smart contract Risk: A+

The EGLD token was launched on the 30th of July 2020; it has more than 39 million transactions and almost a 4 billion market cap.

EGLD Counterparty Risk: A+

EGLD is non-custodial and open source, with nearly 1,449,128 holders, presenting a low centralization risk.

EGLD Market Risk: A

The core fuel of the MultiversX Blockchain, EGLD, has a high trading volume reaching hundreds of millions daily. It is a well-known currency available on all major exchanges and has rather low volatility.

MEX

MEX is the token powering the xExchange (Maiar Dex). It is required for the governance of the decentralized exchange platform as fuel for the perpetual decision-making process that will maintain the Maiar DEX ahead of the curve in terms of innovation, operational model, listing policies, and other actions aimed at creating a sustainable value cycle for its stakeholders.

MEX Smart contract Risk: B+

Mex has been active since 19th November 2021, with over 7 million transactions.

MEX Counterparty Risk: B

MEX is the governance token of the Maiar exchange; it has already reached 50,506 holders and has a large community using its exchange daily.

MEX Market Risk: B+

The community has well received the MEX token. The price was quite stable but decreased by 50% during the bear market; it is now stable again.

HTM (Simulated, asset not yet available)

The Hatom Token is at the heart of the Hatom Protocol Governance System. A percentage of the revenue of the Hatom protocol has been dedicated to a yield staking of the Hatom Token.

HTM Smart contract Risk: B-

HTM launched on 14th July 2022, with nearly 800,000 transactions.

HTM Counterparty Risk: B

The Hatom Token is the governance token of the Hatom Protocol, a 100% community-driven lending protocol. Hatom Token already has more than 68,000 holders.

HTM Market Risk: B

Hatom Token has seen an increase in its price short after being launched; it has then stayed stable. The token price has shown low volatility during the last months.

RIDE (Set to be Removed)

The RIDE token is the utility token of the Holoride platform; it is fundamental to its ecosystem. Digital items, upgrades, and all services of the Holoride platform will be purchasable in RIDE tokens with a discount compared to their Fiat price.

RIDE Smart contract Risk: B-

RIDE launched in November 2021 with 130 million RIDE tokens as an initial circulating supply; It has reached 561,010 transactions until now.

RIDE Counterparty Risk: B

RIDE is essential to the governance system of the Holoride platform. The number of RIDE token holders is around 40,350.

RIDE Market Risk: B-

Ride token price has seen multiple sudden variations since its launch. It has remained pretty stable during the last few months, but it may be subject to unexpected changes in price.