August 25

Duck Chain — аналитика проекта для OTC-инвестиции (на конец августа 2025)

Duck Chain: TON Layer 2 OTC Deal

Rating: 2.3/10 | OTC Price: $0.0032-0.0038 | Current Market: $0.0054 | Deal Size: $250K min

INVESTMENT THESIS

Duck Chain positions itself as the first EVM-compatible L2 for TON with Telegram integration, backed by DWF and OKX Ventures. However, catastrophic security issues (ZERO audits), manipulated blockchain data (impossible timestamps), toxic tokenomics (50% airdrop), and ScamMinder 0/10 rating make this an obvious SKIP. The 30-40% OTC discount is meaningless when the project shows clear signs of being a sophisticated exit scam.

Link: duckchain.io | ScamMinder Rating: 0.0/10

Project demonstrates every red flag possible: fake metrics, no audits, manipulated data, and zero DEX liquidity - textbook example of VC-backed exit liquidity scheme.

KEY POSITIVES

  • Legitimate VC Backing: DWF Ventures, OKX Ventures, Kenetic Capital, Gate Labs - $5M raised December 2024
  • CEX Listings: Already on OKX, KuCoin, Gate.io, MEXC - unusual for obvious scam
  • OTC Discount: 30-40% below market ($0.0032-0.0038 vs $0.0054 current)
  • First Mover Claim: First EVM L2 on TON (unverified but potentially valuable narrative)
  • Telegram Integration: Supporting Telegram Stars for gas payment could tap 900M users
  • Trading Volume: $5.5-9.7M daily volume on CEXs shows some market interest

CRITICAL RED FLAGS

  • ScamMinder 0.0/10 Rating: Professional scam detection system flagged as highest risk possible
  • ZERO Security Audits: CertiK confirmed "DuckChain has NOT been audited" - managing millions without audits
  • Manipulated Blockchain Data: Explorer shows "3 years ago" timestamps for new chain - IMPOSSIBLE
  • 50% Airdrop Allocation: 5 billion DUCK tokens = guaranteed massive dump pressure
  • Fake User Metrics: Claims 20M users but only $212K daily DEX volume - mathematically impossible
  • Zero DEX Liquidity: Not on DEXScreener/DEXTools - only CEX trading = exit scam setup
  • Domain Age 1.5 Months: Website created recently with hidden WHOIS - classic scam pattern
  • Anonymous Team: Founder "Ducking" with zero verifiable history or LinkedIn presence

OTC DEAL STRUCTURE

Deal Terms:
OTC Price:                       $0.0032-0.0038 (30-40% discount)
Current Market Price:             $0.0054
Minimum Ticket:                   $250,000
Target Raise:                     $2M (for Korean exchange listing)
Vesting:                         2-3 month cliff, then 1-3 months linear
Total Vesting Period:            3-6 months
Discount from ATH:               -82% (ATH was $0.0177)

Risk/Reward:
Best Case (return to $0.01):     +163% gain
Base Case (stay at current):     +42% gain  
Bear Case (drop to $0.002):      -47% loss
Worst Case (rug to zero):        -100% loss

KEY METRICS

Market Metrics:
Market Cap:                      $26-29M
FDV:                             $54M
Circulating Supply:              5.4B DUCK (54%)
Max Supply:                      10B DUCK
24h Volume:                     $5.5-9.7M (suspicious variance)
TVL:                            NO DATA (red flag)

Blockchain Metrics (MANIPULATED):
Claimed Users:                   20M (impossible)
Claimed Transactions:            193M (fake timestamps)
Real DEX Volume:                 $212K/day (pathetic)
dApps:                          50+ (unverified)

Token Distribution:
Airdrop:                        50% (TOXIC)
Community/Ecosystem:             27%
Team:                           13%
Investors:                      10%

SECURITY & TECHNICAL ANALYSIS

Critical Failures:
Security Audits:                 ZERO - CertiK confirmed
ScamMinder Score:               0.0/10 - highest risk
Domain Age:                     1.5 months (hidden WHOIS)
DEX Presence:                   NONE - CEX only
Bridge Security:                UNAUDITED - massive risk
Sequencer:                      CENTRALIZED - single point failure

Red Flags Count:                12/12 - perfect scam score

FINAL ASSESSMENT: HARD SKIP (Exit Scam)

Duck Chain exhibits every characteristic of a sophisticated exit scam with VC backing for legitimacy. The combination of ZERO audits, manipulated blockchain data, 50% airdrop allocation, ScamMinder 0/10 rating, and impossible user metrics makes this uninvestable at ANY price.

The $250K minimum ticket with 3-6 month vesting is a perfect trap - by the time vesting completes, the project will likely be dead or rugged. The 30-40% discount is meaningless when probability of -100% loss exceeds 80%.

Why this is obviously a scam:

  1. Fake blockchain data - timestamps showing "3 years ago" on new chain
  2. 20M users but $212K DEX volume - mathematically impossible ratio
  3. No DEX liquidity - ensuring no transparent price discovery
  4. 50% airdrop - designed for maximum dump
  5. Zero audits while handling millions - intentional vulnerability

VERDICT: SKIP - DO NOT INVEST

This is a textbook exit scam with VC lipstick. The sophisticated approach (real VCs, CEX listings) makes it more dangerous, not less. At $250K minimum with 6-month lock, you're guaranteed to be exit liquidity.

Recommendation: Report this deal to relevant authorities and warn other investors. Any fund manager considering this should be immediately fired for gross negligence.

Probability of total loss: >80%