Minima ranks #211 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1656: 1445 of the 1655 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 1894 non-native assets CoinSpectrum lists above it by market cap, about 76% are tokens, 19% are claims on other assets and 5% are memecoins.
| CoinSpectrum Grade | C · 52/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #211 |
| Rank counting claims | #1656 |
| Market capitalisation | $2M |
| Price | $0.00347 |
| Circulating supply | 553,366,920 MINIMA |
| Maximum supply | 1,000,000,000 MINIMA |
| Consensus family | Hybrid |
| Consensus mechanism | PoW + Cascading-Chain PoS |
| Own hashrate | — |
| Ledger type | Single-asset ledger |
| Launch distribution | Presale |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
C — 52 out of 100, provisional (from 18 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 46 to 58 (D to C).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 4.5 | group average |
| Consensus: leader ladder | 4.5 | Hybrid: 4.5 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 4.5 | Hybrid: 4.5 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 4.8 | group average, 10 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 7.8 | 3.9 of 5 points, 1 not yet measured source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 8.9 | fixed maximum supply of 1 billion: supply scale 7.8, cap 10 |
| Durability (Sustainability · 1 Store of value) | ✗ | 1 full year since its first recorded price, no halt, freeze or reversal in five years |
| Fungibility (Interchangeability · 3 Unit of account) | ✓ | every unit identical and worth any other |
| Portability (Scalability · 2 Medium of exchange) | – | typical fee $0 |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 44 decimal places, the smallest unit worth $3.5e-47 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | ✓ | node software open source; pruned nodes validate everything |
| Scalability (fees, throughput, block time, block space, features) | 6.5 | average of 3 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | – | not yet measured |
| Block time (10 minutes 10, less either side) | 6.1 | a block every 50 seconds |
| Block space per 10 minutes (32 MB or more 10) | – | not yet measured |
| Features (3 checks) | 3.3 | 1 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper §11) | ✗ | Blocks target 50 s (explorer average 49.8 s) with probabilistic GHOST-style confirmation; no instant-lock or double-spend-proof mechanism in the base layer. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Cascading chain plus MMR proofs let nodes keep only recent blocks and their own coin proofs (Mega MMR pruning in v1.0.4x releases). |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | Every user is meant to run a pruned full node; no separate light-client protocol. |
| Security (miner pay and 7 checks) | 3 | 2 of 6 points, 3 not yet measured source |
| Miner pay (A day, $1,000 0 to $10 million 10; 2 points) | 0 | about $0 a day |
| Own hashrate (Half its algorithm's largest, not merge-mined) | – | |
| Largest pool (Pool or validator under 50%) | – | |
| Largest three (Under 75% together) | – | |
| Clients (More than one maintained) | ✗ | 1 |
| Open source (Node software) | ✓ | The only node implementation is developed in the minima-global GitHub organisation by Minima AG / Minima Global, which runs the explorer and sets the roadmap; Apache-2.0 licence. |
| Real use (1,000+ transactions a day) | ✗ | about 650 a day |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 4.5 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol key to freeze, blacklist or claw back coins or halt the chain was found in the documentation. source |
| No central team (Source) | 0 | A central team directs it: The only node implementation is developed in the minima-global GitHub organisation by Minima AG / Minima Global, which runs the explorer and sets the roadmap; Apache-2.0 licence. source |
| Who can mint (Source) | 7.1 | Hybrid: 7.1 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 0 | 100% of today's supply allocated at launch to founders, a company, a foundation or investors. Minima's docs say all 1,000,000,000 MINIMA were minted at the 21 March 2023 TGE, 125M of them wrapped as ERC-20. There is no block reward. Allocation: seed 14.1%, private seed 7.5%, private round 1 10.7%, private round 2 1.2%, public ICO 1.2%, team and advisors 15.7%, public rewards 15%, ecosystem growth 34.6%. Current supply is 999,978,113 after burns (CoinGecko). source |
| Fundraising | 0 | Sold by its issuer or insiders: 100% of supply was theirs to sell, 34.7% sold so far. Seed round (2019, about 180 people, $0.02, 14.1%), private seed (2020, $0.01, 7.5%), private round 1 (2021, $0.06, 10.7%), private round 2 (2022, $0.20, 1.2%) and a public ICO at TGE (2023, $0.21, 1.2%). Total 34.7% sold. Separately, a $6.5M Series A (GSR, DEX Ventures, Vinny Lingham and others). source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. There is no block reward: all 1B MINIMA were minted at the March 2023 TGE. source |
| Privacy | 4 | section average |
| Privacy (5 checks) | 4 | 2 of 5 passed source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | ✓ | Addresses are hashes of keys users generate themselves; the node checks scripts and signatures, with no identity condition in its consensus rules. |
| UTXO ledger (A new key for each payment · Whitepaper §2, §9) | ✓ | |
| Network privacy (Origin hidden by default) | ✗ | Nodes relay TxPoW directly over P2P; no Dandelion or Tor. |
| Hidden amounts (Amounts confidential) | ✗ | Coin amounts are public. |
| Hidden parties (Sender and receiver hidden) | ✗ | Addresses are public. |
| Programmability (tokens, contracts, 5 checks) | 7.8 | 7 of 9 points source |
| Token issuance (At protocol level) | 2 | Native tokens: any user can create a token by colouring Minima coins, validated by every node, alongside KISSVM scripts. |
| Smart contracts (General-purpose) | 2 | KISS VM scripts with state variables, introspection (GETOUT*/VERIFYOUT) and covenants; Minima's docs publish exchange, HTLC, time-lock and flash-cash contracts. Low confidence on whether applications beyond swaps run on mainnet. |
| Multisig and time locks (Without a third party) | ✓ | KISS VM's MULTISIG function and @BLOCK/@COINAGE globals give m-of-n and time-locked spending. |
| Atomic swaps (With other chains) | ✓ | Hashed-timelock contracts in KISS VM (SHA2/SHA3 plus @BLOCK), documented by Minima. |
| Native exchange (Built into the protocol) | ✗ | No exchange in the ledger rules; exchange contracts are user scripts. |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No cross-chain feature in the protocol beyond HTLCs. |
| NFTs (Carried by the chain's rules) | ✓ | Native tokens (coloured Minima) validated by every node can be created with a supply of one. |
| Supply & Demand | 5.8 | group average |
| Supply & Demand (Source) | 3.7 | average of 6 measures |
| Exchanges (10 or more: 10) | 1 | 1 exchange |
| Daily volume ($10K 0, $1B or more 10) | 0.5 | $9,463 traded in 24 hours; #2417 by volume on the exchanges the site reads (scored on the median day of the last 30, $17,470) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 5.4 | 0.68% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 4.8 | $519 within 2% of the price on 1 exchange, 0.03% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 0.7 | $1.9M, 0.7 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 10 | no futures, options or margin on the exchanges read |
| Supply (smaller is better) | 7.8 | fixed maximum supply of 1 billion |
| Record | 5.7 | group average |
| Record (origin, claims, halts) | 10 | 3 positive, 0 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Age (years since genesis) (Source) | 1 | 1 full year since 2024-11-20, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 6 | 1 positive, 0 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 168 commits in 11 of the last 12 months (github.com/minima-global/Minima); Minima node 1.0.49 released 2026-08-17 on GitHub; 1.0.45 (2025-03-28), 1.0.44 (2025-01-28) and 1.0.43 (2024-11-27) also in the last 24 months. |
Twenty criteria, weighted equally. The Cryptocurrency Standards have five sections: sound money (six qualities: scarcity, durability, fungibility, portability, divisibility, verifiability), scalability (four measures and three features), security (miner pay and seven checks), decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share) and privacy (five checks); programmability (token issuance, smart contracts and five checks) follows them. Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
553,366,920 of a maximum 1,000,000,000 MINIMA are in circulation — 55.3% of the total that will ever exist.
| Premine (allocated at launch) | 100% of today's supply |
|---|---|
| Sold by the issuer or insiders | 34.7% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Private or venture funding |
Minima's docs say all 1,000,000,000 MINIMA were minted at the 21 March 2023 TGE, 125M of them wrapped as ERC-20. There is no block reward. Allocation: seed 14.1%, private seed 7.5%, private round 1 10.7%, private round 2 1.2%, public ICO 1.2%, team and advisors 15.7%, public rewards 15%, ecosystem growth 34.6%. Current supply is 999,978,113 after burns (CoinGecko).
Seed round (2019, about 180 people, $0.02, 14.1%), private seed (2020, $0.01, 7.5%), private round 1 (2021, $0.06, 10.7%), private round 2 (2022, $0.20, 1.2%) and a public ICO at TGE (2023, $0.21, 1.2%). Total 34.7% sold. Separately, a $6.5M Series A (GSR, DEX Ventures, Vinny Lingham and others).
There is no block reward: all 1B MINIMA were minted at the March 2023 TGE.
The site has no label yet. This is a fully pre-minted chain, so 100. The Series A may overlap with the listed private token rounds; the docs do not say.
Sources: docs.minima.global · github.com · minimaglobal.substack.com · cryptopotato.com. Researched 2026-10-24, high confidence.
No source we can reach publishes a hashrate for Minima.
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
Minima is #211 among cryptocurrencies and #1656 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 1445 places between Minima's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
See the 1 wrapped and staked claim on Minima →