{"summary":{"version":"summary-v1","lines":[{"dimension":"build","label":"Build","tag":"UNKNOWN","text":"Not measured — no builder source linked: HEY holds no repository, changelog or feed it can read, so no count here is a measured zero.","evidence":[],"basis":"not_held","detailUrl":"https://heyresearch.xyz/api/projects/backed/timeline","freshness":"unknown","reason":"no_builder_source","answer":"Not measured — no builder source linked"},{"dimension":"usage","label":"Product usage","tag":"FACT","text":"1 of 1 watched contract active · 1,472 calls in 7 days — all token transfers and approvals (ERC-20), which trading alone produces; none reached another function HEY watches.","evidence":[],"basis":"usage_reading","detailUrl":"https://heyresearch.xyz/api/projects/backed/usage","observedAt":"2026-11-01T00:43:36.666Z","freshness":"fresh"},{"dimension":"market","label":"Market","tag":"FACT","text":"Active market · FDV (fully diluted) $261K · current liquidity $98.2K · reading under an hour old (DEX Screener).","evidence":[],"basis":"market_reading","detailUrl":"https://heyresearch.xyz/api/projects/backed/market","observedAt":"2026-11-01T05:06:19.995Z","freshness":"fresh"},{"dimension":"contract","label":"Contracts","tag":"FACT","text":"1 contract on record for code changes, 1 with published source code; no implementation or interface change recorded.","evidence":[],"basis":"registry_record","detailUrl":"https://heyresearch.xyz/api/projects/backed/contracts","observedAt":"2026-10-31T11:10:55.799Z","freshness":"fresh"},{"dimension":"latestChange","label":"Latest change","tag":"FACT","text":"On 2026-09-13: Verified contract source published: BackedToken.","evidence":[{"id":"ship:e6e8f938-1047-4fa1-a441-10002c3735b2","label":"Explorer","url":"https://robinhoodchain.blockscout.com/address/0x7168563b0e70124f0c7c0cf2f13a8d1861baf4a5?tab=contract","receiptUrl":"https://heyresearch.xyz/api/evidence/ship%3Ae6e8f938-1047-4fa1-a441-10002c3735b2"}],"basis":"evidence_record","detailUrl":"https://heyresearch.xyz/api/changes?project=backed","observedAt":"2026-09-13T18:06:39.824Z","freshness":"fresh","change":{"version":"change-explain-v1","eventId":"ship:e6e8f938-1047-4fa1-a441-10002c3735b2","type":"contract.deployed","evidenceId":"ship:e6e8f938-1047-4fa1-a441-10002c3735b2","what":"Verified contract source published: BackedToken","headline":"Contract source verification, read from the explorer · not a deployment","capability":{"named":null,"basis":"not_held","text":"The explorer’s verified source names no capability."},"stage":{"observed":"source_verification","basis":"ship_type","notObserved":[],"text":"The explorer shows the contract’s source as verified (or no longer verified). This is not a deployment."},"reportedBy":{"kind":"explorer_record","text":"Read from the explorer."},"corroboration":{"state":"corroborated","by":[{"kind":"explorer_record","evidenceId":"ship:e6e8f938-1047-4fa1-a441-10002c3735b2"}],"text":"Independently recorded: HEY read it from the explorer, not from the team."},"releaseDeployment":{"state":"not_applicable","contracts":[],"evidence":[],"text":"Not a release or a deployment."},"activity":{"ownFunctionCalls":0,"tokenStandardCalls":1472,"success":"not_measured","state":"MEASURED","scope":"contract","contract":{"chainId":4663,"address":"0x7168563b0e70124f0c7c0cf2f13a8d1861baf4a5","role":"token","shared":false},"window":{"from":"2026-10-25","to":"2026-10-31","days":7,"daysCovered":7},"text":"0x7168…f4a5 (the project’s token): only token transfers and approvals (1,472 ERC-20 calls) and no call to its other functions in 7 days to 2026-10-31. Token transfers are not product activity. Whether calls succeeded is not measured. Calls come from addresses, not people.","aroundUrl":"https://heyresearch.xyz/api/projects/backed/around/ship%3Ae6e8f938-1047-4fa1-a441-10002c3735b2"},"time":{"occurredAt":"2026-09-13T18:06:39.824Z","precision":"EXACT","detectedAt":"2026-09-13T18:09:54.814Z","recordedAt":"2026-09-26T11:36:17.991Z","origin":"bootstrap","basis":"source_dated","lateIndexed":true,"text":"The source dates it 2026-09-13 18:06 UTC; HEY first knew on 2026-09-13. HEY indexed it later, as history."},"standing":{"state":"standing","withdrawnEvidence":[]},"evidence":[{"id":"ship:e6e8f938-1047-4fa1-a441-10002c3735b2","receiptUrl":"https://heyresearch.xyz/api/evidence/ship%3Ae6e8f938-1047-4fa1-a441-10002c3735b2"}],"unknowns":[{"code":"capability_not_named","text":"No source HEY holds names what this change does."},{"code":"success_not_measured","text":"Whether calls succeeded is not measured: failed transactions are not read."}],"limit":"A contract record says what the chain shows about a contract. It is not a safety check, and it does not say who runs the contract.","explainUrl":"https://heyresearch.xyz/api/projects/backed/explain?fact=build.change&event=ship%3Ae6e8f938-1047-4fa1-a441-10002c3735b2"}},{"dimension":"unknown","label":"Not yet known","tag":"UNKNOWN","text":"5 gaps: Building activity (no source), Repositories (no source), Releases (no source), +2 more. No repository, changelog or feed to read.","evidence":[],"basis":"coverage_state","detailUrl":"https://heyresearch.xyz/api/projects/backed/coverage","freshness":"unknown","reason":"no_builder_source"}],"computedAt":"2026-11-01T05:44:06.176Z"},"identity":{"slug":"backed","name":"Backed","symbol":"backed","projectKind":"OTHER","researchLevel":"RESEARCHED","catalogStatus":"QUALIFIED","primaryNarrative":{"slug":"rwa","name":"RWA"},"token":{"chainId":4663,"contractAddress":"0x7168563b0e70124f0c7c0cf2f13a8d1861baf4a5"},"websiteUrl":"https://www.backed.is/","officialX":{"handle":"isBacked_","url":"https://x.com/isBacked_","status":"ACTIVE","checkedAt":"2026-11-01T02:20:42.657Z","linkHeld":null,"corroboration":"mutual_site_link","corroborationCheckedAt":"2026-11-01T02:20:42.657Z","foundByHey":false},"firstRecordedByHeyAt":"2026-09-02T19:50:10.691Z","url":"https://heyresearch.xyz/project/backed"},"build":{"activityStatus":"UNKNOWN","activityMeasured":false,"stillBuilding":false,"stillBuildingState":"NOT_MEASURED","stillBuildingWithheld":"token_not_the_projects","discoveryGapWithheld":"token_not_the_projects","underTheRadar":{"state":"NOT_MEASURED","reason":"token_not_the_projects","explainUrl":"https://heyresearch.xyz/api/projects/backed/explain?fact=discovery_gap"},"velocity":{"state":"NOT_MEASURED","current":null,"previous":null,"windowDays":30},"cadence":{"state":"INSUFFICIENT_RELEASES"},"hasBuilderSource":false},"market":{"marketCap":{"usd":261100,"source":"dexscreener","kind":"fdv","observedAt":"2026-11-01T05:06:19.995Z"},"liquidity":{"usd":98176.86,"source":"dexscreener","observedAt":"2026-11-01T05:06:19.995Z","kind":"market"},"volume24h":{"usd":5470.44,"source":"dexscreener","observedAt":"2026-11-01T05:06:19.995Z"},"priceChange24hPct":0.32,"venue":"DEX","tokenMarket":{"status":"ACTIVE_MARKET","reason":"liquidity_and_volume","label":"Active market"},"launchStage":"DEX","promotion":{"entries":[{"kind":"MARKET_PROMOTION_OBSERVED","channel":"boost_order","channelLabel":"Boost","providerAt":"2026-07-28T13:08:54.794Z","firstObservedAt":"2026-09-29T01:26:13.335Z","lastObservedAt":"2026-10-27T20:23:06.068Z","source":"dexscreener"},{"kind":"MARKET_PROMOTION_OBSERVED","channel":"boost_order","channelLabel":"Boost","providerAt":"2026-07-17T23:07:41.812Z","firstObservedAt":"2026-09-29T01:26:13.335Z","lastObservedAt":"2026-10-27T20:23:06.068Z","source":"dexscreener"},{"kind":"MARKET_PROMOTION_OBSERVED","channel":"token_profile_order","channelLabel":"Enhanced token profile","providerAt":"2026-07-17T20:00:33.535Z","firstObservedAt":"2026-09-29T01:26:13.335Z","lastObservedAt":"2026-10-27T20:23:06.068Z","source":"dexscreener"}],"total":3,"contextOnly":true},"url":"https://heyresearch.xyz/api/projects/backed/market"},"onchain":{"events24h":90,"eventsDay":"2026-10-31","events7d":653,"calls24h":212,"daysCovered":7,"daysMeasured":7,"observedAt":"2026-11-01T04:06:43.938Z"},"developerFootprint":{"repositories":{"state":"NO_SOURCE","reason":"no_repository","official":0,"metadataRead":0},"productionDeployment":{"state":"NOT_APPLICABLE"},"packages":{"state":"NOT_APPLICABLE","reason":"no_repository_no_package"},"advisories":{"state":"NOT_APPLICABLE","reason":"no_accepted_package","subject":"PUBLISHED_PACKAGE"},"contextOnly":true,"coverageUrl":"https://heyresearch.xyz/api/projects/backed/coverage"},"usage":{"dimension":"usage","state":"MEASURED","reason":"measured","source":"decoded_calls","window":{"from":"2026-10-25","to":"2026-10-31","days":7},"collectedFrom":"2026-07-14","collectedThrough":"2026-10-31","observedAt":"2026-11-01T00:43:36.666Z","watchedContracts":1,"daysCovered":7,"activeContracts":1,"calls":1472,"erc20Calls":1472,"otherCalls":0,"functionsCalled":0,"callerAddresses":{"latestDay":{"day":"2026-10-31","count":28,"basis":"EXACT"},"peakDay":{"day":"2026-10-28","count":44,"basis":"EXACT"},"window":null,"windowReason":"distinct_across_days_not_measured","daysWithoutCount":0,"unit":"addresses"},"events":653,"basis":{"observed":7,"reconstructedFromChain":0},"topMethods":[{"rank":1,"contract":"0x7168563b0e70124f0c7c0cf2f13a8d1861baf4a5","bucket":"erc20_standard","calls":1472}],"names":"WITHHELD","methodEvents":{"firstObserved":0,"resumed":0,"ids":[]},"contextOnly":true,"url":"https://heyresearch.xyz/api/projects/backed/usage"},"security":{"audits":{"state":"NOT_READ","reason":"official_site_not_corroborated"},"bugBounty":{"state":"NOT_READ","reason":"official_site_not_corroborated"},"securityTxt":{"state":"NOT_READ","reason":"official_site_not_corroborated"},"advisories":{"state":"NOT_APPLICABLE","reason":"no_accepted_package"},"repositoryChecks":{"state":"NOT_APPLICABLE","reason":"no_official_repository"},"incidents":{"state":"NOT_READ","reason":"no_incident_source_read"},"linksOmitted":0,"meaning":"An audit shows an audit took place; it is not a guarantee of safety.","contextOnly":true},"peerContext":{"rulesVersion":"peers-v2","state":"NO_COHORT","reason":"kind_not_classified","computedAt":"2026-11-01T02:03:37.634Z","freshness":{"state":"CURRENT","asOf":"2026-11-01T02:03:37.634Z","staleAfterHours":36},"cohort":null,"minimums":{"median":8,"percentile":20},"dimensions":[],"methodology":"https://heyresearch.xyz/methodology#peers"},"contracts":{"url":"https://heyresearch.xyz/api/projects/backed/contracts"},"verification":{"token":{"status":"UNVERIFIED","reason":"market_listing"},"ownerVerified":false,"submitted":false,"sources":{"total":3,"own":1,"verified":0,"contextOnly":2}},"locks":{"coverage":{"state":"MEASURED","asOf":"2026-11-01T00:38:36.637Z","reason":"hoodlock_only_none_found"}},"integrity":{"state":"MEASURED","reason":"published"},"latestChanges":{"available":true,"items":[{"id":"signal:61845f76-1d85-4cb2-9c6f-eddecfa7563a","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","occurredAt":"2026-10-26T12:11:25.380Z","precision":"WINDOW","detectedAt":"2026-10-26T12:11:27.981Z","recordedAt":"2026-10-26T12:15:00.485Z","summary":"Liquidity $80K → $139K in a week","evidence":[{"id":"signal:61845f76-1d85-4cb2-9c6f-eddecfa7563a","label":"HEY Signal"},{"id":"signal:61845f76-1d85-4cb2-9c6f-eddecfa7563a","label":"Liquidity, day by day","url":"https://heyresearch.xyz/project/backed/market#history"}],"source":"hey_signal"},{"id":"signal:b9e426a7-f204-4ddf-b31e-2a037688b4ed","revision":1,"op":"upsert","type":"market.volume_spike","domain":"market","occurredAt":"2026-10-24T13:09:12.237Z","precision":"WINDOW","detectedAt":"2026-10-24T13:09:16.480Z","recordedAt":"2026-10-24T13:10:02.486Z","summary":"$26K traded on 2026-10-24, 5× a typical day","evidence":[{"id":"signal:b9e426a7-f204-4ddf-b31e-2a037688b4ed","label":"HEY Signal"},{"id":"signal:b9e426a7-f204-4ddf-b31e-2a037688b4ed","label":"Trading, day by day","url":"https://heyresearch.xyz/project/backed/market#trading"}],"source":"hey_signal"},{"id":"signal:8782ca04-699d-4402-9922-fe0fc3564075","revision":1,"op":"upsert","type":"market.volume_spike","domain":"market","occurredAt":"2026-10-21T12:15:08.958Z","precision":"WINDOW","detectedAt":"2026-10-21T12:15:12.620Z","recordedAt":"2026-10-21T12:20:04.009Z","summary":"$12K traded on 2026-10-21, 3.3× a typical day","evidence":[{"id":"signal:8782ca04-699d-4402-9922-fe0fc3564075","label":"HEY Signal"},{"id":"signal:8782ca04-699d-4402-9922-fe0fc3564075","label":"Trading, day by day","url":"https://heyresearch.xyz/project/backed/market#trading"}],"source":"hey_signal"},{"id":"signal:06c20f24-26a4-47dc-b7cf-6f4b9e1df5a1","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","occurredAt":"2026-10-20T06:16:24.330Z","precision":"WINDOW","detectedAt":"2026-10-20T06:16:26.814Z","recordedAt":"2026-10-20T06:20:04.435Z","summary":"Liquidity $141K → $81K in a week","evidence":[{"id":"signal:06c20f24-26a4-47dc-b7cf-6f4b9e1df5a1","label":"HEY Signal"},{"id":"signal:06c20f24-26a4-47dc-b7cf-6f4b9e1df5a1","label":"Liquidity, day by day","url":"https://heyresearch.xyz/project/backed/market#history"}],"source":"hey_signal"},{"id":"signal:30165ccd-a187-4a6d-bcd8-7df33ba56cb7","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","occurredAt":"2026-10-13T18:15:30.573Z","precision":"WINDOW","detectedAt":"2026-10-13T18:15:38.113Z","recordedAt":"2026-10-13T18:20:00.623Z","summary":"Liquidity $96K → $141K in a week","evidence":[{"id":"signal:30165ccd-a187-4a6d-bcd8-7df33ba56cb7","label":"HEY Signal"},{"id":"signal:30165ccd-a187-4a6d-bcd8-7df33ba56cb7","label":"Liquidity, day by day","url":"https://heyresearch.xyz/project/backed/market#history"}],"source":"hey_signal"}],"url":"https://heyresearch.xyz/api/changes?project=backed"},"freshness":[{"source":"code","label":"Code","state":"unknown","staleAfterHours":108},{"source":"market","label":"Market","state":"fresh","observedAt":"2026-11-01T05:06:19.995Z","staleAfterHours":36},{"source":"contracts","label":"Contracts","state":"fresh","observedAt":"2026-10-31T11:10:55.799Z","staleAfterHours":252},{"source":"locks","label":"Locks","state":"unknown","staleAfterHours":48},{"source":"score","label":"Scores","state":"fresh","observedAt":"2026-11-01T05:37:35.402Z","staleAfterHours":24}],"coverage":{"identity":{"state":"MEASURED","since":"2026-09-02T19:50:10.691Z","asOf":"2026-09-12T16:34:29.797Z","reason":"research_level_researched","detailUrl":"https://heyresearch.xyz/api/projects/backed"},"builderEvidence":{"state":"NO_SOURCE","reason":"no_builder_source"},"repositories":{"state":"NO_SOURCE","reason":"no_repository"},"releases":{"state":"NO_SOURCE","reason":"no_builder_source"},"marketCurrent":{"state":"MEASURED","asOf":"2026-11-01T05:06:19.995Z","reason":"market_active_market","detailUrl":"https://heyresearch.xyz/api/projects/backed/market"},"marketHistory":{"state":"MEASURED","since":"2026-07-17T00:00:00.000Z","asOf":"2026-11-01T00:00:00.000Z","reason":"daily_index","detailUrl":"https://heyresearch.xyz/api/projects/backed/market?days=400"},"contractDeployment":{"state":"MEASURED","since":"2026-07-17T13:09:55.000Z","asOf":"2026-10-31T03:04:44.830Z","reason":"creation_recorded","detailUrl":"https://heyresearch.xyz/api/projects/backed/market"},"contractActivity":{"state":"MEASURED","since":"2026-09-09T00:00:00.000Z","asOf":"2026-10-31T00:00:00.000Z","reason":"events_read","detailUrl":"https://heyresearch.xyz/api/projects/backed/market"},"contractSource":{"state":"MEASURED","asOf":"2026-10-31T11:10:55.799Z","reason":"source_verified_authorship_unconfirmed"},"contractInterface":{"state":"MEASURED","asOf":"2026-10-31T11:10:55.799Z","reason":"changes_since_first_read","detailUrl":"https://heyresearch.xyz/api/projects/backed/timeline"},"distribution":{"state":"MEASURED","asOf":"2026-10-30T00:00:00.000Z","reason":"mapped","detailUrl":"https://heyresearch.xyz/api/projects/backed/market"},"locks":{"state":"MEASURED","asOf":"2026-11-01T00:38:36.637Z","reason":"hoodlock_only_none_found"},"marketIntegrity":{"state":"MEASURED","reason":"published","detailUrl":"https://heyresearch.xyz/api/projects/backed/market-integrity"},"protocolEconomics":{"state":"NOT_APPLICABLE","reason":"no_protocol_listing"},"timeline":{"state":"MEASURED","since":"2026-09-02T19:50:10.691Z","reason":"complete_default_window","detailUrl":"https://heyresearch.xyz/api/projects/backed/timeline"},"officialDocs":{"state":"NO_SOURCE","stateDetail":"MAPPING_BLOCKED","asOf":"2026-10-30T00:59:23.223Z","reason":"context_only_docs"},"apiDocs":{"state":"NOT_APPLICABLE","reason":"no_developer_surface"},"sourceChanges":{"state":"NO_SOURCE","stateDetail":"MAPPING_BLOCKED","reason":"site_not_corroborated"},"gitHost":{"state":"NOT_APPLICABLE","reason":"no_repository"},"package":{"state":"NOT_APPLICABLE","reason":"no_repository_no_package"},"securityContext":{"state":"NOT_APPLICABLE","reason":"no_accepted_package"}},"evidenceSummary":{"sources":{"total":3,"own":1,"verified":0,"contextOnly":2},"meaningfulEvents30d":null,"explainUrl":"https://heyresearch.xyz/api/projects/backed/explain"},"links":{"page":"https://heyresearch.xyz/project/backed","detail":"https://heyresearch.xyz/api/projects/backed","market":"https://heyresearch.xyz/api/projects/backed/market","timeline":"https://heyresearch.xyz/api/projects/backed/timeline","intelligence":"https://heyresearch.xyz/api/projects/backed/intelligence","changes":"https://heyresearch.xyz/api/changes?project=backed","coverage":"https://heyresearch.xyz/api/projects/backed/coverage","explain":"https://heyresearch.xyz/api/projects/backed/explain","contracts":"https://heyresearch.xyz/api/projects/backed/contracts","usage":"https://heyresearch.xyz/api/projects/backed/usage","relationships":"https://heyresearch.xyz/api/projects/backed/relationships"},"asOf":"2026-11-01T05:44:06.176Z","scoringVersion":"hbm-v32","disclaimer":"Public, source-backed activity HEY recorded. Still Building means counted ships during a market drawdown HEY itself tracked — it is not a prediction, not a ranking by price, and not investment advice. Few projects meet Still Building or Under the Radar at any time; both are strict by design, and list responses carry the counts."}