Particl ranks #184 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1320: 1136 of the 1319 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 1543 non-native assets CoinSpectrum lists above it by market cap, about 73% are tokens, 20% are claims on other assets and 6% are memecoins.
| CoinSpectrum Grade | B · 67/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #184 |
| Rank counting claims | #1320 |
| Market capitalisation | $4M |
| Price | $0.2670 |
| Circulating supply | 15,631,965 PART |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | PoSv3 (Peercoin lineage) |
| Network purpose | Private payments |
| Ledger type | Single-asset ledger |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
B — 67 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 60 to 71 (C to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 6.3 | group average, 10 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 7.5 | 4.5 of 6 points source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 4.9 | no fixed maximum; 15.6 million in circulation: supply scale 9.7, cap 0 |
| Durability (Sustainability · 1 Store of value) | ✓ | 9 full years 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 $0.00008; about 59 transactions a second, 3.9 on the throughput scale (5 is the busiest networks' median demand) |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 8 decimal places, the smallest unit worth $2.7e-9 |
| 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) | 6.8 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00008 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 3.9 | about 59 simple transactions a second |
| Block time (10 minutes 10, less either side) | 7.5 | a block every 2 minutes |
| Block space per 10 minutes (32 MB or more 10) | 9.2 | 4 MB limit, 20 MB per 10 minutes |
| Features (3 checks) | 3.3 | 1 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper §11) | ✗ | Proof-of-stake blocks every 2 minutes (nTargetSpacing 120) with probabilistic confirmation; the Bitcoin Core-based node offers no instant locks or double-spend proofs. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Particl Core 23.x/27.x keeps Bitcoin Core's -prune. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | Particl is proof of stake, so Bitcoin-style SPV cannot check the stake behind its headers, and no shipped light client verifies it; light wallets trust a server. |
| 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 | 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) | ✓ | Particl Core (MIT) is maintained in the particl GitHub organisation by a small developer group (lead tecnovert), funded through the protocol treasury rather than a controlling company. |
| Real use (1,000+ transactions a day) | – | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 6.3 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 0 | An authority can halt the chain or freeze funds: After the 2021 RingCT/CT inflation exploit the core team shipped an emergency hard fork that disabled anon and blind transactions. Pre-fork outputs were frozen (blinded below height 884,433, anon below index 27,340; some traced outputs blacklisted). Those outputs can still be spent only under special consensus rules. All of this happened before the 5-year window. source |
| No central team (Source) | 10 | No central team: Particl Core (MIT) is maintained in the particl GitHub organisation by a small developer group (lead tecnovert), funded through the protocol treasury rather than a controlling company. source |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 4.6 | 54.1% of today's supply allocated at launch to founders, a company, a foundation or investors. The genesis distribution of 8,634,140 PART was entirely allocated: 7,124,638 to seed-round participants (SDC swap plus BTC contributions), 513,502 to the Particl Foundation and 996,000 to a time-locked second-round reserve. Against the current supply of 15,948,761 (CoinGecko, 2026-10-24) that is 54.1% (55.2% against CMC's 15.63M). The treasury share of staking rewards is now scored separately as a block-reward cut. source |
| Fundraising | 4.6 | Sold by its issuer or insiders: 54.1% of supply was theirs to sell, 44.7% sold so far. In the Mar-Apr 2017 seed round, participants paid ShadowCash (SDC, 1 PART each) and optionally BTC (bonus PART) for 7,124,638 PART at genesis. Both were consideration paid to the project, so all of it is counted. 7,124,638 / 15,948,761 PART current supply (CoinGecko, 2026-10-24) = 44.7%. The 996,000 PART second-round reserve (6.2%) is excluded because no completed sale was found. Seed round from 18 March 2017 (four weeks), open to ShadowCash (SDC) holders: 1:1 SDC-to-PART swap plus optional BTC 'donations' for bonus PART. 1,660 participants swapped 5,150,748 SDC; a $750k raise is reported but not verified. 996k PART were reserved for a second funding round. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. The treasury fund took a minimum share of every staking reward: 10% from the Jul 2017 genesis, 50% from 12 Jul 2021 (exploit_fix_2_time), and 0% minimum from 1 Feb 2026 (inflation_adjust_time). Stakers can still donate voluntarily, but the protocol cut is now 0. The total sent to treasury so far could not be established. Explorer queries failed, and the reward model (5-2% then 8-6% of staked coins) cannot reproduce the reported supply growth from 8.63M to 15.9M. Plausible estimates run from ~1.2M to ~2.9M PART (8-18% of supply). source |
| Privacy | 8 | section average |
| Privacy (5 checks) | 8 | 4 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) | ✗ | Bitcoin-derived node relays its own transactions over clearnet by default; Tor (-proxy/-onion) needs user setup and there is no Dandelion. |
| Hidden amounts (Amounts confidential) | ✓ | Blind (confidential) transactions with Bulletproof range proofs, live since the 2019 fork, hide amounts. |
| Hidden parties (Sender and receiver hidden) | ✓ | RingCT anon transactions hide the sender and stealth addresses the receiver. |
| Programmability (tokens, contracts, 5 checks) | 3.3 | 3 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts (Scripting for spending conditions) | 1 | Bitcoin Core-derived Script with spending conditions only. |
| Multisig and time locks (Without a third party) | ✓ | OP_CHECKMULTISIG, OP_CHECKLOCKTIMEVERIFY and OP_CHECKSEQUENCEVERIFY in its script interpreter. |
| Atomic swaps (With other chains) | ✓ | Script can express HTLCs; Particl's BasicSwap DEX runs PART swaps with Bitcoin and other coins. |
| Native exchange (Built into the protocol) | ✗ | No exchange in the protocol; BasicSwap and the marketplace run off-chain. |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No cross-chain feature in the protocol. |
| NFTs (Carried by the chain's rules) | ✗ | No token or NFT type in the protocol. |
| Supply & Demand | 5.9 | group average |
| Supply & Demand (Source) | 2.1 | average of 6 measures |
| Exchanges (10 or more: 10) | 1 | 1 exchange |
| Daily volume ($10K 0, $1B or more 10) | 0 | $900 traded in 24 hours; #3906 by volume on the exchanges the site reads (scored on the median day of the last 27, $74) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 0 | 0.00% of its market cap a day, median of the last 27 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 0 | $36 within 2% of the price on 1 exchange, 0.00% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 1.6 | $4.2M, 1.6 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) | 9.7 | no fixed maximum; 15.6 million in circulation |
| Record | 8 | 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) | 9 | 9 full years since 2017-07-20, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 5 | 2 positive, 2 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 76 commits in 3 of the last 12 months (github.com/particl/particl-core); particl/particl-core 23.2.12.0 and 0.19.2.27 released 2026-09-17/18 (27.2.6.0 pre-release 2026-09-18); further releases on three maintained branches in 2026-09, 2026-06 and 2025-11. |
| Shipped a security fix in two years, +1 | ✓ | Particl Core 23.2.11 / 23.2.12, Sep 2026: hardened blinded-commitment and anon-input validation; secp256k1 rejects invalid commitments. |
| Negative | ||
| Unfixed vulnerability, disclosed 2024-10-08, −1 | ✗ | CVE-2024-35202: a crafted blocktxn message trips the assert in compact-block reconstruction and crashes the node; still in Particl v23.2.12.0. |
| Unfixed vulnerability, disclosed 2026-05-05, −1 | ✗ | CVE-2024-52911: a crafted invalid block can make script-check threads read freed precomputed transaction data and crash the node; still in Particl v23.2.12.0. |
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.
15,631,965 PART are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 54.1% of today's supply |
|---|---|
| Sold by the issuer or insiders | 44.7% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Public sale |
The genesis distribution of 8,634,140 PART was entirely allocated: 7,124,638 to seed-round participants (SDC swap plus BTC contributions), 513,502 to the Particl Foundation and 996,000 to a time-locked second-round reserve. Against the current supply of 15,948,761 (CoinGecko, 2026-10-24) that is 54.1% (55.2% against CMC's 15.63M). The treasury share of staking rewards is now scored separately as a block-reward cut.
Seed round from 18 March 2017 (four weeks), open to ShadowCash (SDC) holders: 1:1 SDC-to-PART swap plus optional BTC 'donations' for bonus PART. 1,660 participants swapped 5,150,748 SDC; a $750k raise is reported but not verified. 996k PART were reserved for a second funding round.
In the Mar-Apr 2017 seed round, participants paid ShadowCash (SDC, 1 PART each) and optionally BTC (bonus PART) for 7,124,638 PART at genesis. Both were consideration paid to the project, so all of it is counted. 7,124,638 / 15,948,761 PART current supply (CoinGecko, 2026-10-24) = 44.7%. The 996,000 PART second-round reserve (6.2%) is excluded because no completed sale was found.
The treasury fund took a minimum share of every staking reward: 10% from the Jul 2017 genesis, 50% from 12 Jul 2021 (exploit_fix_2_time), and 0% minimum from 1 Feb 2026 (inflation_adjust_time). Stakers can still donate voluntarily, but the protocol cut is now 0. The total sent to treasury so far could not be established. Explorer queries failed, and the reward model (5-2% then 8-6% of staked coins) cannot reproduce the reported supply growth from 8.63M to 15.9M. Plausible estimates run from ~1.2M to ~2.9M PART (8-18% of supply).
The treasury component is an estimate from the reward schedule; stakers could donate above the minimum, and the explorer API was rate-limited, so treasury receipts weren't read. The model also undershoots today's supply by about 1.4M, possibly because of 2021 exploit inflation. A firm floor is 55.2% (genesis allocation only). How much of the seed round was paid in BTC versus SDC conversion isn't known, so soldPct is left empty.
Sources: steemit.com · coinranking.com · github.com · github.com · particl.news · particl.news. Researched 2026-10-24, low 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.
Particl is #184 among cryptocurrencies and #1320 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 1136 places between Particl'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).