OKFLY Token Risk Checker
Token Information
Risk Assessment Results
OKFLY token is an ERC-20 cryptocurrency launched on the Ethereum blockchain in 2021. It gained most of its attention from a large airdrop campaign hosted on CoinMarketCap that promised up to 30million tokens per participant. Since then, the token has hovered in obscurity, with almost no exchange listings and minimal trading volume.
TL;DR
- OKFLY is an ERC‑20 token on Ethereum with a max supply of 1quadrillion.
- The 2021 airdrop offered up to 30million tokens via CoinMarketCap.
- No major CEX or DEX lists the token; liquidity is virtually nonexistent.
- Current price hovers around $0.0000010 with the last trade in Dec2023.
- Investors should treat OKFLY as high‑risk and perform thorough due‑diligence.
What is OKFLY?
Ethereum blockchain is the platform where the token lives, using the ERC-20 token standard for compatibility with wallets and smart contracts. The contract address is 0x02f093513b7872cdfc518e51ed67f88f0e469592. According to public data, the token’s maximum supply is a staggering 1000000000000000 OKFLY (one quadrillion) with a reported circulating supply of about 436trillion (≈43.6%). The massive supply is typical of airdrop‑first projects that rely on volume rather than scarcity to attract attention.
How the October2021 Airdrop Worked
The airdrop was promoted on CoinMarketCap and promised a $21,000 total reward pool. Participants needed an ERC‑20 compatible wallet, completed a set of social tasks (Twitter follows, Discord joins, referral links), and submitted their wallet address on the CoinMarketCap platform. Successful users received up to 30million OKFLY tokens directly to their wallets. The process was straightforward, mirroring dozens of other 2021 airdrop campaigns that relied on community hype rather than product development.
Tokenomics and Market Performance
Tokenomics are simple: a massive supply, no vesting schedule, and no clear utility outlined beyond being a tradeable asset. The price peaked at $0.00000729, but the token never gained traction on any exchange. As of the latest data, the token trades at roughly $0.0000010, with the last recorded transaction on 9December2023. LiveCoinWatch ranks OKFLY beyond the top30000 by market cap, reflecting its negligible liquidity.
Exchange Listings and Trading Options
One of the biggest red flags is that OKFLY is not listed on any major centralized exchange (CEX) or decentralized exchange (DEX). This means users cannot buy or sell the token through standard order books. The only realistic avenue is over‑the‑counter (OTC) trades directly between owners-an approach fraught with counter‑party risk because there’s no escrow or regulatory oversight. The lack of listings suggests the project either failed to meet exchange criteria or abandoned any plans for broader market integration.
Legitimacy, Community Sentiment, and Risks
Several independent analysts, including CoinCarp, label OKFLY as a high‑risk, possibly abandoned token. The community is almost silent; there are few active discussion threads, and the official channels have not posted updates since 2022. Combined with the missing exchange presence, the token fits the pattern of many 2021 airdrop projects that fizzled after the initial hype.
Key risk factors:
- Liquidity risk: Virtually no buyers or sellers on reputable platforms.
- Regulatory uncertainty: No clear compliance documentation.
- Project inactivity: No recent roadmap, development commits, or community events.
- Tokenomics imbalance: Hyper‑inflated supply with no utility.
How to Verify and Protect Yourself
If you still hold OKFLY or consider acquiring it, follow these steps:
- Confirm the contract address (
0x02f093513b7872cdfc518e51ed67f88f0e469592) on a trusted block explorer like Etherscan. - Check the token’s transaction history for recent activity. A handful of trades over four years signals low demand.
- Search for any official announcements on reputable crypto news sites or the token’s GitHub repository. Absence of updates is a warning sign.
- If you must trade, use a reputable OTC platform that offers escrow services, and never send funds without a signed agreement.
- Consider diversifying into tokens with proven utility, exchange listings, and transparent development roadmaps.
Bottom Line
The OKFLY token is a classic example of an airdrop‑centric project that never progressed beyond the giveaway stage. Its massive supply, lack of exchange listings, and dormant community make it a speculative gamble rather than a solid investment. For anyone looking to explore airdrop opportunities, focus on projects with clear use‑cases, active development, and listings on at least one reputable exchange.
Frequently Asked Questions
Is OKFLY still airdropping?
No. The original airdrop ran in October2021 through CoinMarketCap. There have been no new airdrop announcements since then.
Can I trade OKFLY on any exchange?
Currently, OKFLY is not listed on any major CEX or DEX. Trading is only possible via private OTC deals, which carry high risk.
What is the current price of OKFLY?
The last recorded price was around $0.0000010 on 9December2023. Prices may vary slightly on obscure trackers, but liquidity is extremely low.
Is OKFLY a scam?
There’s no definitive proof of fraud, but the lack of exchange listings, stagnant development, and minimal community activity suggest a failed project rather than a sustainable ecosystem. Treat it as high‑risk.
How can I verify the authenticity of the OKFLY contract?
Check the contract address 0x02f093513b7872cdfc518e51ed67f88f0e469592 on Etherscan. Look for verified source code and compare the token’s total supply and holder count with the figures reported by CoinMarketCap and CoinCarp.
Somesh Nikam
January 6, 2025 AT 22:16Hey folks, great effort pulling together the token info. The risk checklist you built is clear and easy to follow. Remember to keep an eye on the supply inflation – that can bite you later. Stay safe and happy hunting! 😊
MARLIN RIVERA
January 11, 2025 AT 15:13This airdrop looks like a classic pump‑and‑dump scheme.
Courtney Winq-Microblading
January 16, 2025 AT 08:09Reading through the numbers feels like peering into a bottomless pit of tokenomics. The 1 quadrillion max supply dwarfs any realistic utility. Even with a modest circulating portion, the dilution pressure is massive. Those price figures are practically dust, making meaningful gains improbable. In short, treat this like a cautionary tale.
katie littlewood
January 21, 2025 AT 01:06When you examine OKFLY’s tokenomics, the first thing that jumps out is the absurdly high max supply, which is a red flag in itself. A quadrillion tokens mean that each token’s intrinsic value is minuscule unless there is a compelling use case, and none is evident in the current documentation. The circulating supply hovering around 436 trillion represents roughly 43 percent of the total, suggesting that a large chunk is already out there, ready to be dumped at any moment. Coupled with the fact that there is no listing on any major exchange, liquidity is practically non‑existent, making it hard for holders to exit without slippage. The airdrop date from 2021 hints that the project may have been dormant for years, which aligns with the lack of recent development commits on public repositories. The community presence is also weak; you’ll rarely see active discussions beyond the occasional promotional post. With no clear roadmap or partnership announcements, the long‑term viability looks bleak. The risk assessment tool you shared rightly flags “high risk” across multiple indicators, reinforcing the suspicion. Moreover, the token price is quoted at $0.0000010, a figure that is vulnerable to manipulation and rounding errors. Such low‑price tokens are often used for wash trading to create artificial volume. The “active development” box remains unchecked, which is a classic sign of a project that has been abandoned or is simply a front. Even if the team were to launch a new feature, the hyper‑inflated supply would still undermine any utility they try to add. In the crypto world, scarcity drives value; here scarcity is deliberately engineered out of the equation. All in all, this looks like a textbook example of a high‑risk, low‑reward speculative token that most prudent investors should steer clear of. Proceed with extreme caution, and consider allocating your capital elsewhere.
Jenae Lawler
January 25, 2025 AT 18:02While some may dismiss it outright, one could argue that such a massive supply is intended for future scaling. Nonetheless, the absence of genuine utility renders that claim dubious.
Chad Fraser
January 30, 2025 AT 10:59Yo, I get the hype around free airdrops, but if there’s no real product, it’s just free money that disappears. Keep your eyes on the fundamentals and don’t chase the hype. 🚀
Jayne McCann
February 4, 2025 AT 03:55Honestly, I think the supply numbers are just a marketing gimmick to attract speculators.
Richard Herman
February 8, 2025 AT 20:52Agreed, the lack of exchange listings makes any potential upside feel like a mirage.
celester Johnson
February 13, 2025 AT 13:48In the grand tapestry of decentralized finance, such tokens become the dust that obscures genuine innovation.
Prince Chaudhary
February 18, 2025 AT 06:45From a risk management perspective, the hyper‑inflation alone should be a deal‑breaker for any portfolio.
John Kinh
February 22, 2025 AT 23:41Looks like another meme‑coin trying to cash in on gullible newbies.
Mark Camden
February 27, 2025 AT 16:38Investors have a duty to conduct due diligence, and this token fails on every measurable metric.
Evie View
March 4, 2025 AT 09:34Anyone still entertaining this nonsense should be ashamed of their lack of judgment.
Sidharth Praveen
March 9, 2025 AT 02:30Hey everyone, just wanted to share that I’m keeping an eye on OKFLY’s community channels for any updates. If they roll out a real utility, the token might see some life. For now, I’m staying cautious but open‑minded.
Sophie Sturdevant
March 13, 2025 AT 19:27From a risk‑adjusted standpoint, the token’s volatility index is off‑charts, so allocate capital accordingly.
Nathan Blades
March 18, 2025 AT 12:23We often chase the glitter of quick gains, only to discover that true value lies in sustainable development. If OKFLY can demonstrate concrete product milestones, perhaps the narrative changes. Until then, the ethical question remains: is it worth the gamble?
Jan B.
March 23, 2025 AT 05:20Looks like a high‑risk play to me. Proceed with caution.
Debby Haime
March 27, 2025 AT 22:16Thanks for the heads‑up. I’ll definitely weigh the risks before diving in.