Asteroid The Space Shiba Inu (ASTEROID) is a Solana-based token launched to honor Olivia ‘Liv’ Perrotto, a 15-year-old space enthusiast who passed away in January 2026. Its official website, asteroid.charity, frames the project as a memorial and fundraising vehicle—highlighting Liv’s design of the Asteroid plush used aboard the September 2024 Polaris Dawn mission and stating that creator fees flow directly to her mother, Rebecca Perrotto. The token contract is deployed on Solana at 4UeLCRqARmfb6e6KQijtiktqqXUxbfk6jZng7DhuBAGS, per both the project’s site and an API snapshot (source_1). The site reports over 500 SOL claimed by Rebecca via Bags.fm, and claims total supply is ~999.85M ASTEROID with zero circulating supply as of September 2026—though this contradicts the stated purpose of enabling public support through token purchases. Key questions remain: How are creator fees enforced and verified on-chain? What mechanism ensures funds reach Rebecca without custodial intermediaries? And how does the Solana deployment align with stated goals of transparency and direct impact when core financial flows depend entirely on off-chain claims and third-party infrastructure (Bags.fm)?
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Asteroid The Space Shiba Inu is a Solana-based token memorializing Olivia ‘Liv’ Perrotto, with proceeds directed to her mother Rebecca Perrotto via Bags.fm. Its website (asteroid.charity) documents Liv’s story, her design of the Asteroid plush for Polaris Dawn, and the token’s purpose: “Every transaction is another star in the sky of LIV’s memory” and creator fees flowing directly to Rebecca. The token contract address is verified on Solana, and live on-chain data shows over 500 SOL claimed by Rebecca as of the snapshot (asteroid.charity). However, no evidence substantiates core economic mechanisms: there is no description of collateral, redemption, or peg — making specialist criteria 1–2 inapplicable by design, not omission. It is not a stablecoin, RWA, or DeFi protocol; it is a charitable meme token. The API source (CoinMarketCap) reports zero circulating supply and a max supply of 1B tokens, but provides no audit, treasury transparency, or governance documentation. No repository, whitepaper, or technical specifications are linked. The primary thesis — that this token meaningfully advances Liv’s legacy through verifiable, sustainable financial mechanics — lacks supporting evidence beyond narrative and self-reported fee claims. Claims about St. Jude fundraising appear only as past tense assertions without receipts, third-party verification, or current allocation details.
What is ASTEROID’s economic function? It is a non-transferable-for-value memorial token: creator fees go to Rebecca, but no mechanism governs price, liquidity, or holder rights beyond that.
Is there any collateral or redemption promise? No — the project makes no such claims, and none is evidenced.
How is downside risk managed for buyers? Not addressed: no disclosures about volatility, rug-pull safeguards, or smart contract permissions.
Overall score: 4/10 Confidence: Low