Three sub-$1M Solana tokens with working products, checked against the Mycelium Strategy filters

AI-created for a @myceliumfinance bounty.

The Mycelium Strategy, briefly

Mycelium Finance pairs $MYC liquidity directly with selected Solana tokens. Each pool charges 0.5% to 2.5% per swap, and the fees are used to deepen existing pools or seed new ones. At our snapshot its MCP server reported about $29.3k allocated across ten assets, with partner pools moving from ESF to MYC pairs. The site says more than 84% of tradable $MYC sits in liquidity pools.

A useful new connection therefore needs fee-generating trading, liquidity that cannot vanish overnight and a team that still ships, which is what the bounty's filters test.

How the shortlist was built

We pulled 1,093 Solana mints from Jupiter's verified list, CoinGecko, DefiLlama, DexScreener and GeckoTerminal, removed memes, bridged assets, tokenized stocks, LSTs and stablecoins, and verified seven candidates against the chain and live product tests. Four passed; we picked three. Figures are from 23 Oct 2026, 23:01 to 23:35 UTC.

Selection filters

• On Solana: all three are Solana mints (AgenC and SQUIRE on Token-2022, CHATOSHI on SPL Token).
• Circulating market cap below $1M (CoinGecko; circulating supply equals total supply for all three, so FDV is the same): AgenC $778.6k · SQUIRE $757.1k · CHATOSHI $507.5k.
• Working product usable today: AgenC's marketplace program is live on mainnet and its public API reports 564 settled tasks · UsePod's x402 endpoint returned a live price quote · chAtoshI's web app answered a live question without login, and iOS build 1.75.3 shipped on 23 Oct.
• Not a meme token: CoinGecko lists no Meme category for AgenC or SQUIRE. CHATOSHI is tagged Meme next to AI on CoinGecko; we include it as a judgment call because its product is substantive (see its section).
• Trading for at least 60 days: 241 / 219 / 648 days.
• At least $10k of 24h volume (DexScreener, DEX only): $57.8k / $26.6k / $26.9k.
• At least $50k of current DEX liquidity, verified pools, no double counting (distinct pools quoted in SOL or USDC, each counted once): $137.9k / $157.9k / $331.2k.
• Update, development or team communication in the last 30 days: AgenC Core releases on 23 Oct · UsePod docs commits and an article on 21 Oct · chAtoshI iOS and Android updates on 23 Oct.
• Not already in the Mycelium Strategy: none of the three appears in the live MCP allocation or on the rendered allocations page. JUBJUB is live in the Strategy but missing from the brief's list, so we excluded it too.
• Not SOL, USDC, USDT, MYC or ESF: true for all three.

Comparison

	AgenC	Pod the Squire	chAtoshI
Ticker	$AgenC	$SQUIRE	$CHATOSHI
Product	Agent task marketplace, coding agent	LLM inference marketplace (UsePod), Level5 credits	AI crypto assistant apps
Market cap (CoinGecko)	$778.6k	$757.1k	$507.5k
24h DEX volume	$57.8k	$26.6k	$26.9k
DEX liquidity (SOL/USDC pools)	$137.9k (6 pools)	$157.9k (4 pools)	$331.2k (6 pools)
Trading since	24 Feb 2026	18 Mar 2026	13 Jan 2025
Top-10 holders, excl. LP and burn	54.27%	22.82%	15.84%
LP status	Main pool 100% burned (93% of liquidity)	Main pool 100% burned (80%)	~32% burned or locked, ~62% unlocked
Mint / freeze authority	Revoked / revoked	Revoked / revoked	Revoked / revoked
Unlocks	8.10M a month until Jun 2027	None	None
Token linked to product	Not in docs	Level5 inference credits	Whitepaper only, not live

1. AgenC ($AgenC)

Evidence

• Mint: 5yC9BM8KUsJTPbWPLfA2N8qH1s9V8DQ3Vcw1G6Jdpump (printed in the agenc.ag footer) · Website: agenc.ag · X: @a_g_e_n_c
• Product today: a Solana marketplace where people or agents post paid tasks and registered AI agents claim and deliver them. Escrow is held by the program, and settlement pays the worker plus a 5% protocol fee and optional operator and referrer legs (fees). It serves agent builders and buyers of small agent services. The public API at 23:14 UTC reported 564 tasks settled, 5.68 SOL paid out, 255 agents, 13 unique completed buyers and a last settlement on 15 Oct. The homepage shows lower figures (221 settled, 4.33 SOL). The team also ships AgenC Core, an open-source terminal coding agent, and a beta desktop app.
• Recent activity: AgenC Core v0.19.12 to v0.19.17 published on 23 Oct (releases); X post on 22 Oct (link); "AgenC Studios is open", 18 Oct (link); marketplace beta inside AgenC Desktop, 18 Oct (link).
• Market: DexScreener · Birdeye · CoinGecko. The main PumpSwap AgenC/SOL pool holds $129.1k of the $137.9k.
• Tokenomics: 1B minted at the pump.fun launch; 999.93M today after 68,303.5 were burned. The docs describe no token utility, and protocol fees are paid in SOL to the AgenC treasury. Unlocks: a non-cancelable Streamflow stream named "Founder allocation" releases 8.10M (0.81% of supply) monthly. The next release is 26 Oct 2026 10:31 UTC and the last is 26 Jun 2027, with 72.9M still locked.
• Holders, top 10 excluding LP and burn: 54.27%. Method: Rugcheck's top-20 token accounts, each re-read on-chain with getMultipleAccounts, owners classified by owning program and an on-curve check. The result matches Jupiter's 54.27%. Excluded: D8RYtb57B3UmEJEGmQ4DPP7SBpGVkzaxQPLixyFLHjB4 (PumpSwap pool vault, 8.43%) and 4vcJfHLqe6Erj2huazg2qz2dMp47pcSiyL3iWQkHPRLX (Meteora DLMM reserve, 0.80%). No burn account is in the top 20. Identified: the deployer wallet FtVq2huUhU33TNmEbmEQb4kwDEfZeU9tFvBgk7mwWnBx with 38.15% liquid, plus its Streamflow escrow B3cLCGSucGGAxwNcVq78cWh8UrdJipqx7xwdcKZLGGbd with 7.29% (founder vesting). The other eight hold 0.81% to 1.72% each and are unidentified.
• Rugcheck: report, one warning: "Single holder ownership 38.15%".
• Liquidity safety: the main pool's LP is 100% burned. LP mint FyNyhqvh9QRnt2WGARF8DytBDTzw1pwzQMb4MsjMpatE has supply 0 against 4,193 LP tokens issued, so there is no expiry. The other pools (~$9.1k) are unlocked.
• Authorities: mint and freeze authority null, metadata immutable, no transfer fee or hook (Solscan).

Analysis

Why it stands out. The cleanest numbers in our screen: volume almost six times the bar, and a main pool whose LP can never be withdrawn. It is also the most actively shipped, with six releases published on 23 Oct and mainnet settlement. Our read: the clearest "working product" case of the three.

Main risk. One wallet controls 45.44% of supply. It deployed the token, bought 30.4% at launch and receives the "Founder allocation" stream. It has never sold, but 38.15% is liquid and 0.81% more unlocks monthly. Usage is small: 13 completed buyers, and no settlement in the eight days before our snapshot.

Token and product. Not documented; fees accrue in SOL. The only stated mechanism is a 10 Sep X post (link) promising to burn 80% of a game's loot-box revenue. Burns so far total 68,303.5 tokens.

Proposed role. Collaboration first: Mycelium could list a service on the AgenC marketplace, such as an agent reporting fees and depth for MYC-connected pools via the Mycelium MCP, and earn the operator fee leg. A MYC/AgenC pair has a fee case (real volume, burned main LP), but one holder could move the price far more than in the other picks, so any allocation should stay small and track the unlocks. Holding is weak without a documented value link.

2. Pod the Squire ($SQUIRE)

Evidence

• Mint: EN2nnxrg8uUi6x2sJkzNPd2eT6rB9rdSoQNNaENA4RZA · Websites: usepod.ai (product) and cli.city (token hub: "Support us by holding the $SQUIRE token") · X: @squire_bot (named in the token's on-chain metadata); product account @UsePodAI
• Token and product tie: UsePod's docs page "From creator coin to a compute marketplace" and the founder's article of 20 May (link). The usepod.ai homepage does not mention the token.
• Product today: UsePod is a two-sided LLM inference marketplace with OpenAI- and Anthropic-compatible APIs, paid by card, USDC balance or per request with x402 on Solana or Base. It serves agent and app builders, GPU operators and API-key resellers. At 23:04 UTC its x402 endpoint returned HTTP 402 with a live quote. Usage metrics, self-reported: 837,573 requests and $1,258.91 of spend in 30 days, against 266,151 and $578.08 in the 30 days before. Transparency: 23 registered nodes (1 online) and 549 models.
• Recent activity: usepod-docs commits on 21 Oct (commits); @UsePodAI article on 21 Oct (link); Clawpump's AnsemHack results on 16 Oct, "supported by" UsePod (link).
• Market: DexScreener · Birdeye · CoinGecko. Pools: PumpSwap SQUIRE/SOL $126.1k, Meteora DLMM SQUIRE/USDC $25.3k and two DLMM SOL pools $6.5k. Twelve pairs against other small tokens, each under $700 of liquidity, are excluded. CoinGecko's $54.1k volume includes a $25.1k CEX ticker, so we use DEX-only volume.
• Tokenomics: pump.fun fair launch, 1B max, 999.82M current. No team allocation, vesting or unlocks were found. Documented utility (Level5 SKILL.md, same builder): a one-time, non-refundable SQUIRE payment buys a daily recurring inference credit, "1M SQUIRE = $2.00/day" at the current rate. There is no fee share, buyback or staking tied to UsePod revenue.
• Holders, top 10 excluding LP and burn: 22.82%. Method: all 15,770 Token-2022 accounts for the mint enumerated with getProgramAccounts (balances sum exactly to supply), owners classified by program and an on-curve check. Excluded: GSGhkpgYx4NMTyQ8nM2zZZ2ye9Z5QnTkgPEwkDp27g4T (PumpSwap pool vault, 8.32%) and BG8qUPrcme7xAFWvTredz5HHWZsFkiSJFabNUDfkJLJ (Meteora DLMM SQUIRE/USDC reserve, 3.30%). No burn account holds SQUIRE. Identified: A5LpcEoHDXwKkcaA3NNThFzMPUxkCULSr8VLMkNvUNFg (3.04%), the project's agent wallet, linked from the podthesquire GitHub README and from cli.city. The other nine hold 1.66% to 3.39% each and are unidentified. Rugcheck shows a 32.6% "insider network", but those wallets no longer hold the token on-chain.
• Rugcheck: report, score 1, no risks flagged.
• Liquidity safety: the PumpSwap pool's LP is 100% burned (LP mint G9Wtj1ck1szY9PjbBko9UFGfW6aQ9NQ1fMzPBBziR7hF has supply 0), covering ~80% of counted liquidity with no expiry. The Meteora DLMM positions (~$31.8k, ~20%) are unlocked.
• Authorities: mint, freeze and metadata update authority are all null (Solscan).

Analysis

Why it stands out. UsePod is a real, growing service: self-reported requests roughly tripled month over month, and its x402 endpoint answers with a live price. The token side is tidy too: no unlocks, a burned main LP and moderate concentration (22.82%).

Main risk. The token's link to UsePod revenue is thin. UsePod bills in USDC, its homepage never mentions $SQUIRE, and the founder calls the token a creator coin that was given utility later. It is effectively a one-founder operation, only 1 of its 23 provider nodes was online, and spend is about $1.3k a month.

Token and product. Documented but narrow: Level5 inference credits paid in SQUIRE. Our read: 1M SQUIRE cost about $757 at the snapshot and earns about $2 of credit a day. That rate is generous, depends on the founder's own inference allocation and may be cut for new payments.

Proposed role. Collaboration fits best. Mycelium's site already has an x402 section and UsePod sells x402 inference on Solana, so a joint pay-per-call demo or shared agent tooling would connect two live products. A small MYC/SQUIRE pair would add a route, but without a revenue link impermanent-loss risk is high; the holding case is weak for the same reason.

3. chAtoshI ($CHATOSHI)

Evidence

• Mint: Bhu2wBWxfWkRJ6pFn5NodnEvMCqj9DLfCU5qMvt7pump (shown on chatoshi.ai/about) · Website: chatoshi.ai · X: @ChatoshiAi
• Product today: an AI crypto assistant: chat with live market cards, a trending-coin "Alpha" feed, price alerts, scam checks, a non-custodial desktop Web3 browser and an embeddable SDK widget. It serves retail traders and researchers. At 23:28 UTC the web app answered a live SOL price question without login. iOS v1.75.3 was released on 23 Oct. Android was updated on 23 Oct and has 1K+ downloads with a 4.9 rating from 158 reviews. Revenue comes from in-app subscriptions.
• Recent activity: iOS and Android updates on 23 Oct; macOS browser 0.30.128 on 22 Oct; alerts and trending feature post on 22 Oct (link); Alpha section post on 13 Oct (link); "Chatoshi x Elyon Chain" on 6 Oct (link).
• Market: DexScreener · Birdeye · CoinGecko. Six pools, each decoded on-chain: Raydium AMM v4 SOL $144.3k, CLMM USDC $100.7k and $50.1k, CPMM SOL $34.3k, and two small pools $1.9k. SOL pools alone hold $180.0k. DexScreener's $572k market cap uses a 1B supply; on-chain supply is 888.89M.
• Tokenomics: pump.fun fair launch. The whitepaper states no presale, team or vesting tokens. 111.1M (11.1%) has been burned, and there are no unlocks. Whitepaper utility: search-to-earn, staking for premium modules, Hero Wallet rebates, Web3.TV view-to-earn and service credits. We found no evidence that any of these is live: the web app's code holds no mint or staking logic, and the store listings and recent X posts do not mention the token.
• Holders, top 10 excluding LP and burn: 15.84%. Method: full enumeration with getProgramAccounts (8,952 accounts, summing to supply). Excluded: F594veMrVJbwyHbUKWWkKLq3xomg4SFb8YukXGBwmgvg (Raydium AMM v4 vault, 14.16%), 1V4N5ffUj65zdxJTneEsWUHuBgz8dNmUcinY18zbooG (CLMM HQ7Y vault, 11.15%), HbjcN5Eb7yJDzoKLYymtF4PFvvRcs45EExnk2464R1Fa (CLMM Fi4h vault, 4.71%), 8FuyJtMMULqXXv9TtntHBKpDp5qQ6GpBENARkfckriCF (CPMM vault, 3.36%), G4Jfz2CV9bynVqKghDa6xexLk7nDc3p3y7EV4uPvFJXs (PumpSwap vault, 0.15%), DpmuPn3t42kMhLDxQM7At78zECJyddp15aA43U9gHGvL (CLMM 3FKtJE vault, 0.03%) and the burn account 13ufNBTonHBDPYdbtRBZvgNDoymReDoTvHbGUsJnR5zv (owned by the incinerator, 11 tokens). The largest remaining holder is an unidentified active trader with 5.03%. No treasury, team or vesting wallet was identified.
• Rugcheck: report, score 1, no risks flagged.
• Liquidity safety: in the AMM v4 pool, 55.65% of LP is burned (LP mint supply 3,221.6 of 7,264.6 LP tokens issued) and 44.35% sits unlocked in three wallets. In CLMM Fi4h, one position is held by the Raydium Burn & Earn locker PDA kN1kEznaF5Xbd8LYuqtEFcxzWSBk5Fv6ygX6SqEGJVy and one has a burned position NFT; both are permanent, and the rest is unlocked. The CLMM HQ7Y and CPMM pools are mostly or fully unlocked. Overall, ~32% of liquidity is burned or permanently locked and ~62% is unlocked; no lock expiries apply.
• Authorities: mint and freeze authority null, metadata immutable (Solscan).

Analysis

Why it stands out. The most mature product and market structure here: 648 days of trading, $331.2k of DEX liquidity and the lowest concentration (15.84%, no team allocation found on-chain). Apps are maintained on web, iOS, Android and desktop, with new builds on the snapshot day.

Main risk. First, CoinGecko tags it Meme alongside AI. We included it because the product is substantive, which the brief allows; readers who treat the tag as decisive should drop it. Second, the documented token utilities are not live, roadmap items from Q3 2025 to Q2 2026 are overdue, and about 62% of liquidity can be withdrawn.

Token and product. Intent only, in the whitepaper. Product revenue runs through app-store subscriptions.

Proposed role. Collaboration: Chatoshi offers an embeddable chat widget and runs regular co-marketing, so a widget on Mycelium's site explaining MYC and its connected tokens, or a joint AMA, would be concrete. Its depth makes a MYC/CHATOSHI pair tradeable, but with no live token sink and mostly unlocked LP it should stay small. Holding makes sense only once the utility ships.

Why three, and the near misses

Compute Network ($ZERO) passed only on our final reading (DEX volume $9,966 at 22:50 UTC, $11,099 at 23:38), and its new official X account had no posts, so we left it out. three.ws ($THREE) failed "working product" (text-to-3D failed twice, stored models returned HTTP 403). Dynamic Assets ($SV151) missed the activity window by about five days. STEPN's GST failed market cap: on-chain supply implies at least $1.35M circulating.

Not financial advice. These are proposals for discussion, not Mycelium decisions, partnerships or commitments, and figures will have moved since the snapshot.

Sources and saved data

• Research window: 2026-10-23, 23:01 to 23:35 UTC. Market cap from the CoinGecko API; volume and liquidity from the DexScreener token-pairs API; holders, LP and authorities from Solana mainnet RPC; reports from the Rugcheck API; the Strategy list from Mycelium's MCP server (get_mycelium_allocation) and the rendered allocations page.
• Saved raw responses, figure summary and screenshots (commit-pinned): research-notes/myc-gems and snapshot_20261023.json.
• Project sites: agenc.ag · usepod.ai · cli.city · chatoshi.ai · myceliumfinance.com

Discuss these findings and the Mycelium Strategy: https://discord.gg/5M7FsQcGq