Pilot3 ($PTAI)

Recent developments:
0% of the initial token allocation is held by the creator (0 tokens / 0.00% of total supply).
Sold 420,625,724 tokens through VIRTUALS Protocol (Base).
Creator token stats last updated: Apr 25, 2025 08:09
The following is generated by an LLM:
Summary
rug pull
Analysis
The $PTAI token is part of the Pilot3 ecosystem, aiming to provide access to premium features, staking rewards, and governance. The creator initially held 42.06% of the supply, which is high and raises concerns about centralized control and token distribution, but this allocation was sold off entirely during the IAO phase. The tokenomics mention utility but lack detailed use cases or clear value propositions beyond typical DeFi features. The project was launched via Virtuals Protocol's IAO, which includes a graduation mechanism after raising 42k $VIRTUAL. Since the creator sold all their tokens, there's a risk of a rug pull, though the graduation process typically involves burning initial tokens. However, the lack of transparency about the team, legal structure, or roadmap lowers credibility. Security aspects and revenue models are unclear, which adds risk. While the protocol's bonding curve and lock mechanisms offer some decentralization, the high initial creator holding and subsequent sell-off are significant red flags.
Rating: 2
Generated with LLM: deepseek/deepseek-r1
LLM responses last updated: Apr 25, 2025 08:09
Original investment data:
Investment info last updated: Apr 23, 2025 15:04