Nexpace ranks #81 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #428: 347 of the 427 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 436 non-native assets CoinSpectrum lists above it by market cap, about 55% are tokens, 37% are claims on other assets and 8% are memecoins.
| CoinSpectrum Grade | D · 47/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #81 |
| Rank counting claims | #428 |
| Market capitalisation | $54M |
| Price | $0.1715 |
| Circulating supply | 313,230,659 NXPC |
| Maximum supply | 1,000,000,000 NXPC |
| Consensus family | Other |
| Consensus mechanism | Avalanche Snowman (subnet) |
| Ledger type | Multi-asset ledger |
| Launch distribution | Premine |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
D — 47 out of 100, provisional (from 17 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 39 to 59 (E to C).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 6.4 | group average |
| Consensus: leader ladder | 6.4 | Other: 6.4 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 6.4 | Other: 6.4 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 3.7 | group average, 9 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 5.8 | 2.9 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) | – | |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 18 decimal places, the smallest unit worth $1.7e-19 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | ✗ | node software open source; no light clients or pruned nodes |
| Scalability (fees, throughput, block time, block space, features) | — | too few measures yet source |
| Fees ($0.001 or less 10, $1 or more 0) | – | not yet measured |
| 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) | 1.1 | a block every 2 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) | ✓ | Henesys is an Avalanche L1 using Snowman consensus, with deterministic finality in about 1-2 seconds. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✗ | Subnet-EVM prunes state only; it has no option that deletes old blocks. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | No light-client protocol; wallets trust RPC servers. |
| Security (miner pay and 7 checks) | 3.9 | 3 of 7 points, 2 not yet measured source |
| Miner pay (A day, $1,000 0 to $10 million 10; 2 points) | 0 | not mined |
| Own hashrate (Half its algorithm's largest, not merge-mined) | ✗ | not mined |
| Largest pool (Pool or validator under 50%) | – | |
| Largest three (Under 75% together) | – | |
| Clients (More than one maintained) | ✗ | 1 |
| Open source (Node software) | ✓ | Nexpace (Nexon's MapleStory Universe unit) runs the Henesys L1 on AvaCloud; the client is Ava Labs' AvalancheGo/Subnet-EVM (BSD-3). |
| Real use (1,000+ transactions a day) | ✓ | about 130,370 a day |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 3.6 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 0 | An authority can halt the chain or freeze funds: Henesys is a permissioned L1 whose validator set is managed for Nexpace on AvaCloud, so a single operator can halt or restrict the chain. source |
| No central team (Source) | 0 | A central team directs it: Nexpace (Nexon's MapleStory Universe unit) runs the Henesys L1 on AvaCloud; the client is Ava Labs' AvalancheGo/Subnet-EVM (BSD-3). source |
| Who can mint (Source) | 1.4 | Other: 1.4 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. The fixed 1B NXPC supply was all issued and allocated by NEXPACE, Nexon's subsidiary (80% contributor rewards, 16.32% ecosystem/airdrops, 2% IP MG, plus team, advisor and gas allocations). Current total supply is about 994.55M NXPC (CoinGecko, 2026-10-23). source |
| Fundraising | 10 | No sale of the coin source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. No cut and no open issuance: the fixed 1B NXPC supply was issued up front and allocated by NEXPACE. source |
| Privacy | 2 | section average |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | ✓ | Any secp256k1 key can hold and send NXPC; the chain's account and transfer rules carry no identity check. |
| UTXO ledger (A new key for each payment · Whitepaper §2, §9) | ✗ | |
| Network privacy (Origin hidden by default) | ✗ | Avalanche L1 (Subnet-EVM) relays transactions directly. |
| Hidden amounts (Amounts confidential) | ✗ | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | ✗ | No sender or receiver hiding. |
| Programmability (tokens, contracts, 5 checks) | 1.7 | 1 of 6 points, 3 not yet researched source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts | 0 | Henesys, the EVM Avalanche L1 for MapleStory Universe, requires Nexpace approval and an API key to build; permissionless development is only planned. |
| Multisig and time locks (Without a third party) | – | Users cannot deploy contracts, and no native multisig or time-lock feature open to them is documented. |
| Atomic swaps (With other chains) | – | No HTLC open to users is documented on Henesys. |
| Native exchange (Built into the protocol) | ✗ | No exchange in the chain's protocol documented. |
| Cross-chain messaging (Verified by the chain itself) | – | Avalanche L1s can use Interchain Messaging, but no source shows whether Henesys enables it. |
| NFTs (Carried by the chain's rules) | ✓ | MapleStory N in-game items are NFTs on Henesys, run by its EVM. |
| Supply & Demand | 7.5 | group average |
| Supply & Demand (Source) | 7.1 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 31 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 4.1 | $491,817 traded in 24 hours; #617 by volume on the exchanges the site reads (scored on the median day of the last 30, $1,120,343) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 7.5 | 1.7% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 10 | $638,117 within 2% of the price on 6 exchanges, 1.2% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 4.3 | $54M, 4.3 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 6.8 | futures, options and margin positions 10% of its market cap |
| 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 2025-05-15, 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, 4 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 6,551 commits in 12 of the last 12 months (github.com/ava-labs/avalanchego); Henesys is an Avalanche L1 run on AvaCloud; its reference client AvalancheGo is actively released. No Nexpace-specific client releases. |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a privacy improvement in two years | – | |
| Shipped a scaling upgrade in two years | – | |
| Shipped a new capability for users in two years | – | |
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.
313,230,659 of a maximum 1,000,000,000 NXPC are in circulation — 31.3% of the total that will ever exist.
| Premine (allocated at launch) | 100% of today's supply |
|---|---|
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | No sale and no investor round |
The fixed 1B NXPC supply was all issued and allocated by NEXPACE, Nexon's subsidiary (80% contributor rewards, 16.32% ecosystem/airdrops, 2% IP MG, plus team, advisor and gas allocations). Current total supply is about 994.55M NXPC (CoinGecko, 2026-10-23).
No private or public token sale; no tokens sold to external investors (Binance Research). Nexon funds the project with $100M of paid-in capital and took no token allocation.
No cut and no open issuance: the fixed 1B NXPC supply was issued up front and allocated by NEXPACE.
Sources: nexpace.io · coingecko.com · binance.com · altfins.com. Researched 2026-10-24, medium confidence.
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.
Nexpace is #81 among cryptocurrencies and #428 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 347 places between Nexpace'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).