OKFLY Token Risk Analyzer
OKFLY Token Overview
- Blockchain: Ethereum (ERC-20)
- Contract Address: 0x02f093513b7872cdfc518e51ed67f88f0e469592
- Max Supply: 1 Quadrillion (1,000,000,000,000,000)
- Circulating Supply: ~436 Trillion (~43.6% of max)
- All-Time High Price: $0.00000729
- Current Liquidity: Practically Nil
- Last Trade Date: December 9, 2023
Risk Factors
- No Utility or Product Roadmap
- Excessive Supply Dilution
- No Exchange Listings
- Stale Community Activity
- Potential Regulatory Exposure
Token Risk Assessment
Enter the key metrics below to get a risk evaluation for OKFLY.
TL;DR
- The OKFLY airdrop launched on CoinMarketCap in Oct2021, offering up to 30million tokens per participant.
- OKFLY is an ERC‑20 token on Ethereum with a max supply of 1quadrillion and a circulating supply of about 436trillion.
- It never listed on any major exchange; the last trade was Dec92023 at $0.00000106.
- Liquidity is essentially nil, making buying or selling extremely risky.
- Treat OKFLY as a high‑risk, speculative token and do thorough due‑diligence before any involvement.
OKFLY is a cryptocurrency token launched by the Okex Fly project, promoted mainly through a massive airdrop in 2021. The token lives on the Ethereum blockchain as an ERC‑20 standard that defines how tokens interact with wallets and smart contracts. Below we break down the airdrop mechanics, tokenomics, market activity, and the red flags that every potential participant should know.
What is OKFLY (Okex Fly)?
OKFLY (sometimes written as Okex Fly) was marketed as a meme‑style token with no clear utility beyond the airdrop hype. Its contract address is 0x02f093513b7872cdfc518e51ed67f88f0e469592, verified on Etherscan. The project never released a white paper, roadmap, or a functional product-its only claim to fame is the $21000 promotional budget used to drive the airdrop.
How the 2021 airdrop worked
The airdrop ran on CoinMarketCap the leading crypto data aggregator that also hosts token giveaways. Participants had to:
- Connect a wallet capable of receiving ERC‑20 tokens (MetaMask, Trust Wallet, etc.).
- Complete a series of social tasks-follow the project on Twitter, join a Telegram group, and watch a promotional YouTube video.
- Refer friends to increase the potential reward; the maximum advertised payout was 30million OKFLY tokens per user.
All tasks were free, but the process required users to expose their wallet address publicly, a common risk in airdrop campaigns.
Tokenomics and supply stats
OKFLY follows a hyper‑inflated token model. Below is a quick snapshot:
| Attribute | Value |
|---|---|
| Blockchain | Ethereum (ERC‑20) |
| Contract address | 0x02f093513b7872cdfc518e51ed67f88f0e469592 |
| Maximum supply | 1000000000000000 OKFLY (1quadrillion) |
| Circulating supply | 436219179205489 OKFLY (~43.6% of max) |
| All‑time high price | $0.00000729 |
| Current liquidity | Practically nil - no major exchange listings |
The ultra‑high supply means each token’s unit price is tiny, which makes headline numbers look impressive (e.g., “30million tokens”) but masks the negligible market value.
Market performance and liquidity
After the airdrop, OKFLY never secured a listing on any centralized exchange (CEX) or prominent decentralized exchange (DEX). CoinCarp a market‑analysis platform that tracks token listings and liquidity reports that the token remains unlisted as of October2025.
The last recorded trade occurred on 9December2023, with a price of $0.00000106. Trading volume was under $500 for that day, confirming the token’s lack of liquidity. Without a market, holders can only attempt peer‑to‑peer (OTC) trades, which carry high counter‑party risk.
Exchange listing status and trading options
Because OKFLY hasn’t been accepted by any exchange, the only ways to move the token are:
- Direct wallet‑to‑wallet transfers (e.g., via a private Discord group).
- Listing requests on small DEXes that allow anyone to add a custom token pair - but even these often have minimal buyer interest.
Attempting to sell on a DEX will usually result in a transaction fee that exceeds the tiny token value, effectively making the token unsellable.
Risks and red flags
Several warning signs make OKFLY a classic “airdrop‑only” project:
- No utility or product roadmap. The token never announced a use‑case beyond the giveaway.
- Excessive supply. A quadrillion tokens dilute any price appreciation potential.
- No exchange listings. Lack of market presence limits price discovery and creates a liquidity blackhole.
- Stale community activity. After 2021, social channels fell silent, indicating low ongoing interest.
- Regulatory exposure. Unlisted tokens may be considered securities in some jurisdictions, risking legal action.
For anyone considering a purchase or resale, treat OKFLY as high‑risk speculation and only allocate funds you can afford to lose.
How to evaluate similar airdrop tokens (quick checklist)
- Check the token’s contract on Etherscan: verify ownership, source code, and potential backdoors.
- Look for a clear utility or roadmap beyond the airdrop.
- Confirm exchange listings on reputable CEX or DEX platforms.
- Assess community activity - active Discord/Telegram and regular updates are good signs.
- Read independent analysis (e.g., from CoinCarp, CoinDesk) to spot red flags.
Future outlook
Given the four‑year silence, absent listings, and no announced development, OKFLY’s future appears bleak. The token could remain a dormant curiosity in wallets forever, or the team might attempt a relaunch with a new utility. Until a concrete plan surfaces, investors should assume the token will stay illiquid and unlikely to generate meaningful returns.
Frequently Asked Questions
Did I actually receive OKFLY from the 2021 airdrop?
If you completed the required tasks on CoinMarketCap and provided a compatible ERC‑20 wallet address, the tokens would have been airdropped to that address. You can verify balance by pasting your address into Etherscan.
Can I trade OKFLY on Uniswap or PancakeSwap?
Technically you can add the contract address to any DEX that supports custom ERC‑20 tokens, but there is virtually no liquidity. You’ll likely lose more on gas fees than you gain from a trade.
Is OKFLY a scam?
It’s not a classic “exit scam” (the tokens exist), but the project shows all classic traits of a failed airdrop‑only token: no utility, no listings, and no development. Treat it with the same caution you’d give any high‑risk, unverified token.
What’s the best way to protect myself from similar risky airdrops?
Never share private keys, only provide a public wallet address, and research the project’s purpose, team, and exchange listings before participating. If the token has no clear use‑case, skip it.
Will OKFLY ever be listed on a major exchange?
There’s no public roadmap indicating a future listing. Without a product or community demand, most major exchanges will continue to reject the token.
Author
Ronan Caverly
I'm a blockchain analyst and market strategist bridging crypto and equities. I research protocols, decode tokenomics, and track exchange flows to spot risk and opportunity. I invest privately and advise fintech teams on go-to-market and compliance-aware growth. I also publish weekly insights to help retail and funds navigate digital asset cycles.