Paycoin ranks #100 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #585: 485 of the 584 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 582 non-native assets CoinSpectrum lists above it by market cap, about 59% are tokens, 32% are claims on other assets and 9% are memecoins.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #100 |
| Rank counting claims | #585 |
| Market capitalisation | $37M |
| Price | $0.0360 |
| Circulating supply | 1,022,576,439 PCI |
| Maximum supply | 1,900,000,000 PCI |
| Consensus family | Proof of Authority |
| Consensus mechanism | Hyperledger Fabric (permissioned PoA) |
| Ledger type | Multi-asset ledger |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
Grade pending. Paycoin's launch — how much went to insiders, whether it was sold to investors — is still being researched. A grade is not given until it is, so that a coin is never rated higher for what is not yet known.
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 7.3 | group average |
| Consensus: leader ladder | 7.3 | Proof of authority: 7.3 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 7.3 | Proof of authority: 7.3 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 2.4 | group average, 8 of 13 measured |
| Sound Money Qualities (6 checks) | 4.8 | 1.9 of 4 points, 2 not yet measured source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 8.7 | fixed maximum supply of 1.9 billion: supply scale 7.4, cap 10 |
| Durability: five years or more with no halt, freeze or reversal | ✓ | 6 full years since its first recorded price, no halt, freeze or reversal in five years |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | ✗ | an authority can freeze funds |
| Divisibility: the smallest unit worth a cent or less | – | |
| Portability: fees of a cent or less and capacity for real demand | – | |
| Verifiability: open-source nodes and checking without a trusted server | ✗ | no light clients or pruned nodes |
| Privacy (5 checks) | 0 | 0 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✗ | Coinone disclosure: the PayProtocol mainnet is a permissioned Hyperledger Fabric ledger where only pre-approved participants transact and permitted peers process blocks; users reach it through admitted wallet providers. |
| UTXO ledger: a new key for each payment, no account linking every coin | ✗ | |
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | Permissioned Hyperledger Fabric network; no public node and no transaction-origin hiding. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No user-facing confidential transfer feature. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No user-facing anonymity feature. |
| 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) | 1.7 | a block every 3 seconds |
| Block space per 10 minutes (32 MB or more 10) | – | not yet measured |
| Features (3 checks) | 0 | 0 of 2 passed, 1 not yet researched |
| Payments safe to accept within seconds | – | |
| Pruned nodes: a full node can validate and drop old history | ✗ | No public full node exists to prune. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | Users cannot run a node or light client; the operator's network answers queries. |
| Security (miner pay and 7 checks) | — | 1 of 4 points, 5 not yet measured source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | 0 | not mined |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | not mined |
| Largest pool or validator under 50% | – | |
| Largest three under 75% | – | |
| More than one maintained client | – | |
| Node software is open source | – | Paycoin is run by Danal's PayProtocol on a permissioned network it operates. |
| Real on-chain use: 1,000+ transactions a day | – | |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 0 | 0 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts | 0 | The mainnet is a permissioned Hyperledger Fabric ledger where only authenticated nodes join; no source shows users deploying contracts. |
| Multisig and time locks | ✗ | No user multisig or time-lock feature documented for the Fabric mainnet. |
| Atomic swaps with other chains | ✗ | No hash-lock feature documented; a DEX-linked swap is only planned. |
| An exchange built into the protocol | ✗ | A DEX-linked Crypto Swap service is described as planned, not live. |
| Cross-chain messaging the chain verifies itself | ✗ | No cross-chain feature documented. |
| Non-fungible tokens | ✗ | No NFT feature documented for the mainnet. |
| Decentralisation | 2.9 | section average, 5 of 8 measured |
| Censorship resistant (Source) | 0 | An authority can halt the chain or freeze funds source |
| No central team (Source) | 0 | A central team directs it: Paycoin is run by Danal's PayProtocol on a permissioned network it operates. source |
| Who can mint (Source) | 4.3 | Proof of authority: 4.3 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. PCI is issued and operated by PayProtocol AG (Danal-associated) with no mining; supply was cut to a fixed ~1.9B after 2.041B was burned by Feb 2023, with ~831.9M still locked in foundation-controlled buckets (PayProtocol lockup dashboard, July 2026, via yellow.com). source |
| Fundraising | — | Launch not yet researched |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. No issuance: PCI is a fixed, company-issued supply on a permissioned chain with no mining or block rewards, so there is nothing to cut. source |
| Supply & Demand | 6.7 | group average |
| Supply & Demand (Source) | 6 | average of 6 measures |
| Exchanges (10 or more: 10) | 5 | 5 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 3.5 | $524,992 traded in 24 hours; #863 by volume on the exchanges the site reads (scored on the median day of the last 30, $548,875) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 7.1 | 1.4% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 6.3 | $28,646 within 2% of the price on 1 exchange, 0.08% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 3.9 | $37M, 3.9 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) | 7.4 | fixed maximum supply of 1.9 billion |
| Record | 8 | group average, 2 of 3 measured |
| 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) | 6 | 6 full years since 2020-03-05, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | — | Not yet measured: no commit count and no release research |
Twenty criteria, weighted equally. The Cryptocurrency Standards have six sections: sound money qualities (six checks: scarcity, durability, fungibility, divisibility, portability, verifiability), privacy (five checks), scalability (four measures and three features), security (miner pay and seven checks), programmability (token issuance, smart contracts and five checks) and decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share). 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.
1,022,576,439 of a maximum 1,900,000,000 PCI are in circulation — 53.8% 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% |
PCI is issued and operated by PayProtocol AG (Danal-associated) with no mining; supply was cut to a fixed ~1.9B after 2.041B was burned by Feb 2023, with ~831.9M still locked in foundation-controlled buckets (PayProtocol lockup dashboard, July 2026, via yellow.com).
Not established: no source found describing an ICO, private sale or investor round for PCI.
No issuance: PCI is a fixed, company-issued supply on a permissioned chain with no mining or block rewards, so there is nothing to cut.
Sources: payprotocol.io · payprotocol.io · yellow.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.
Paycoin is #100 among cryptocurrencies and #585 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 485 places between Paycoin'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).