Author name: CredoFida

https://chaingames.io Polygon (PoS) contract 0xd55f…a509 · Last updated 30 Jun 2025 ⚠️ Quick-scan risk ledger # Threat vector Evidence & status 1 Upgradeable proxy — token sits behind an AdminUpgradeabilityProxy; admin wallet can hot-swap logic, add taxes, mint/burn. 2 Supply concentration — largest wallet ≈ 39 % of Polygon supply; top-10 ≈ 62 %. 3 Fragmented liquidity — token now trades on its own Supernet, Polygon, Ethereum & BNB; 24 h CEX+DEX volume ≈ $80 k. 4 Deep draw-down — price remains ≈ –98 % below Mar-2021 ATH. 5 Validator centralisation — Supernet’s initial 11 validators are team-curated; governance still highly centralised. Project in a nutshell Chain Games markets itself as a Web3 esports & wagering layer. It ships turnkey SDKs that let game studios plug real-money skill wagering into Unity titles, while CHAIN acts as both entry fee and reward token. Since 2020 the team has released several first-party games (Super Crypto Kart, Chain Faces, PGA Tour Rise) and is now building an app-specific L2 (“Chain Games 2.0 Supernet”) to cut gas latency and own the entire settlement stack. Competitive niche: Unlike AAA on-chain RPGs (Illuvium, BigTime), Chain Games goes after instant-play browser titles with cash-wager hooks — a corner of GameFi often ignored by bigger studios. Team & track record Name Role Notables Adam Barlam CTO & Founder Ex-Intel & GoDaddy; co-founder of TrustSwap; public face in most AMAs. David Rosenbaum President 20 yrs AAA studio ops Arman Mouhibian CFO FinOps background Peter Gleason Minority Shareholder Early seed investor. Advisors: Fred Chesnais (ex-Atari CEO), Josh Loveridge (Stratton Studios), Kyle Simpson (Web evangelist). History & reputation 1 | What’s new — the Supernet is live Implications Positive Negative Dedicated block-space removes Polygon congestion & fee spikes. Chain-specific liquidity may fragment order books. Fee burn theoretically creates CHAIN sink. Validator set is permissioned → central-point-of-failure. 2 | Latest product driver — Project Prismatic At a glance• Launch: March 2025 (CrazyGames exclusive)• Engine: Unity WebGPU — console-grade 3-D in any Chromium browser• User score: 8.8 / 10 from > 10 k votes (as of 30 Jun 2025)• Monetisation: episodic DLC ($5) + cosmetic NFTs (mint on Polygon) Why it matters for CHAIN: Bottom line: Prismatic is the strongest adoption funnel Chain Games has shipped since 2021 and is already chipping away at the “dead GameFi” meme. 3 | Smart-contract & security overview (Polygon ERC-20) Audit item Status Notes Source verified No Only proxy byte-code verified — logic contract hidden. Upgradeable Yes AdminUpgradeabilityProxy; admin address unlabeled ➜ master control risk. Hard-cap 500 M Enforced at proxy layer… but cap can be overridden on upgrade. Transfer fees None today Owner could add via upgrade. Blacklist / pause Not observable without source. Recent owner ops No Upgrade or OwnershipTransferred events on Polygon in 2024-25 — still worth live-monitoring. Verdict: Treat CHAIN as proxy-governed — hold only if you are comfortable watching admin wallets or using on-chain alert bots. 4 | Tokenomics & holder map Implication for traders: slippage & whale risk far outweigh smart-contract gas costs; use limit orders and monitor top-holder transfers to CEX addresses. 5 | Community health check (post-Prismatic) Metric Mar 2025 Jun 2025 Δ Twitter followers 33.8 k 35.9 k +6 % Discord MAUs 8.0 k 11.3 k +41 % CrazyGames score — 8.8 / 10 n/a Overall sentiment score* 52 → 59 / 100 Improving *Composite of X sentiment, Discord emoji ratio, DappRadar reviews. Interpretation: Project Prismatic has proven there is still a core audience willing to evangelise Chain Games; however reach remains niche versus GameFi peers. 6 | Relative valuation snapshot (browser shooters) Project Browser FPS? Daily players* Token Mcap Proxy upgradeable? CHAIN ✅ ~5.5 k $7 M Yes EV.io (EGLD) ✅ 12 k — (token-less) n/a Shrapnel (SHRAP) ❌ (client) 1.2 k $38 M Yes (timelock) Gunzilla (GUN) ❌ pre-alpha $62 M Yes *Steam + browser analytics. Take-away: If Prismatic sustains > 10 k DAU, CHAIN’s $7 M cap appears modest versus peers commanding 5-10× valuation, but the proxy and liquidity haircut remains unique to CHAIN. 7 | Market structure & price outlook (Q3 → Q4 2025) Chart notes (1-day candles): Key levels Level Why it matters $0.0175 May double-bottom & high-volume node $0.023 200-day EMA / range top $0.031 Aug-24 swing high (supply shelf) Bias: Cautiously bullish into October provided price holds > $0.017 and daily volume grows > $250 k. Upside likely capped at $0.03 without fresh liquidity. This is not financial advice; use it as a data point, not a directive. 8 | Catalyst tracker Bullish triggers Bearish triggers Episode 3+ adoption — > 20 k DAU in Prismatic Proxy upgrade adding tax/blacklist Confirmation of CHAIN buy-back from DLC revenue Liquidity fragmentation during Supernet launch Industry-wide “on-chain gaming” narrative (Saga, XAI, zkSync Hyperchains) Macro risk-off / BTC < $55 k 9 | Risk-mitigation cheat-sheet 🏁 Bottom line Chain Games now runs its own Supernet, has a bona-fide hit with Project Prismatic, and offers a micro-cap entry ($7 M) into the growing browser-FPS niche. Fee-burn plus buy-backs could create new demand, but structural hazards remain: opaque upgradeable proxy, whale supply, thin liquidity and validator centralisation. Ideal user: nimble traders comfortable babysitting on-chain alerts and sizing small.Caution for investors: insist on contract source verification and broader validator set before considering larger exposure. Always conduct your own research and never risk funds you can’t afford to lose. Stay nimble, size low, and remember: all crypto investing carries a real risk of total loss.