Gibi Swap (GIBI) is an Ethereum-based modular swap infrastructure layer, not a standalone decentralized exchange. Its official website states it enables digital platforms—starting with Brolyz—to embed token swap functionality directly into their interfaces without redirecting users or managing liquidity independently. The project operates on Ethereum as an ERC-20 token (contract 0xb6CD7fee2daA8a2E7e4c0E194468AF0F08be527D) and is documented in its Litepaper and GitHub repository. Liquidity pools are claimed to be held within Orta Chain’s custody-focused infrastructure, and revenue is tied to transaction fees, with 50% of net profit allocated quarterly to GIBI buybacks and burns until supply halves from 12.5M to 6.25M tokens. The IVO public sale launched via VestraDAO, and the token’s TGE is scheduled for 19 August 2026. Key questions remain: Is the Orta Chain custody infrastructure independently audited? Does the claimed integration with Brolyz reflect live, user-accessible functionality—or only a planned or demo deployment? How is ‘net profit’ defined and verified given no financial statements or operational metrics are publicly available?
Gibi Swap positions itself as a modular swap infrastructure layer—not a standalone DEX—integrated into partner platforms like Brolyz, with liquidity pools held under Orta Chain’s custody-focused infrastructure. Its regulatory posture is undefined: no jurisdictional disclosures, licensing claims, or legal entity identification appear in the website or Litepaper (linked from gibiswap.com). The project explicitly disclaims on-site swaps, directing users to integrated platforms—but no live integration is verifiable in the evidence; Brolyz is described as the ‘first integration’ and ‘upcoming’, with no public transaction logs, deployed contract verification, or third-party confirmation of operational status. Counterparty exposure is concentrated: Orta Chain holds custody, VestraDAO controls 30% of net profits and seeded the token via VSTR, and all liquidity (GIBI/VSTR, VSTR/USDT) depends on unverified ecosystem commitments. Tokenomics include a buyback-and-burn mechanism tied to ‘net profit’, but no audited financials, revenue streams, or expense structure are disclosed—making profit calculation and burn execution unverifiable. The GIBI token is ERC-20 on Ethereum (Etherscan), yet circulating supply figures conflict: the website states 3,750,000 GIBI sold in Seed (30%), while API data reports self-reported circulating supply of 3,539,061 and listing circulating supply of 0—indicating unresolved token distribution transparency. No audit reports, security documentation, or custodial SLAs are referenced. Critical uncertainty remains around whether the core product—live, integrated, fee-generating swap infrastructure—has launched at all.
Overall score: 6/10 Confidence: Low