WhiteCoin (XWC)

WhiteCoin ranks #162 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1142: 980 of the 1141 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 1365 non-native assets CoinSpectrum lists above it by market cap, about 72% are tokens, 21% are claims on other assets and 7% are memecoins.

CoinSpectrum Gradepending — launch under review
Rank among cryptocurrencies#162
Rank counting claims#1142
Market capitalisation$6M
Price$0.00843
Circulating supply764,324,623 XWC
Maximum supply1,000,000,000 XWC
Consensus familyProof of Stake
Consensus mechanismPoS 3.0 (DPoS-hybrid)
Ledger typeSingle-asset ledger

Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.

CoinSpectrum Grade (Source)

Grade pending. WhiteCoin'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.

CriterionScoreBasis
Leading Consensus Mechanisms (Source)9.1group average
Consensus: leader ladder9.1Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap
Consensus: family ladder9.1Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains
Cryptocurrency Standards (Source)5.8group average, 4 of 12 measured
Sound Money Properties (6 checks) (Source)—2.9 of 3 points, 3 not yet measured
Scarcity (Limited supply · 1 Store of value · Whitepaper §6)8.9fixed maximum supply of 1 billion: supply scale 7.8, cap 10
Durability (Sustainability · 1 Store of value)–12 full years since its first recorded price, record not yet reviewed
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)✓8 decimal places, the smallest unit worth $8.4e-11
Verifiability (Authenticity check · 1 Store of value · Whitepaper §8)–
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)6.4a block every 1 minute
Block space per 10 minutes (32 MB or more 10)–not yet measured
Features (3 checks)–not yet researched
Fast payments (Safe to accept within seconds · Whitepaper §11)–
Pruned nodes (Old history dropped, every rule checked · Whitepaper §7)–Not established.
Light clients (Payments verified from headers · Whitepaper §8)–Not established.
Security (miner pay and 7 checks)—0 of 3 points, 6 not yet measured
Miner pay (A day, $1,000 0 to $10 million 10; 2 points)0not 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)–
Open source (Node software)–
Real use (1,000+ transactions a day)–
No 51% attack (Nor a deep reorganisation, five years)–
Decentralisation6.6section average, 3 of 8 measured
Censorship resistant (Source)—Not yet researched
No central team (Source)—Not yet researched
Who can mint (Source)8.6Proof 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)1.882.3% of today's supply allocated at launch to founders, a company, a foundation or investors. The new chain's genesis.json (2019-09-21) puts 800,000,000 XWC into a single initial balance, presumably for mapping old 2014 WhiteCoin holdings and the foundation reserve; the split is undocumented. Against the current total of ~971.79M, that is ~82.3%. The remaining ~172M came from block rewards toward the 1B max. source
Fundraising—Launch not yet researched
Developer share (after launch)9.5Developer share: about 5.3% of today's supply received so far; 30% of each new block reward goes to them today. In the 2019 Graphene-based chain, each block reward is split by pay_miner(): 50% to the producing miner and its pledgers, 20% to wallfacer (guard) committee members, and 30% to the develop-team contract (XWC_DEVELOP_TEAM_PAY_TATIO = 30). Block rewards have added ~171.8M (971.79M - 800M genesis), and 30% of that is ~51.5M XWC, 5.3% of supply. This assumes the current source matches the rules applied since launch. source
Privacy3.3section average
Privacy (5 checks)3.31 of 5 passed, 2 not yet measured source
Protocol level privacy (Keys not tied to an identity · Whitepaper §10)✓Anyone can create keys and receive and send coins; the protocol carries no identity check.
UTXO ledger (A new key for each payment · Whitepaper §2, §9)–
Network privacy (Origin hidden by default)–Not established.
Hidden amounts (Amounts confidential)✗No privacy feature described.
Hidden parties (Sender and receiver hidden)✗No privacy feature described.
Programmability (tokens, contracts, 5 checks)—2 of 2 points, 7 not yet researched
Token issuance (At protocol level)2The upgraded Whitecoin chain advertises Turing-complete smart contracts and hosts token DEXes such as Tokenswap; no developer specification was found to confirm the contract model.
Smart contracts–Not established: the upgraded chain (Whitecoin-core, xwc_node) advertises smart contracts, but no source names the VM or who can deploy.
Multisig and time locks (Without a third party)–Not established: no source documents multisig or time locks.
Atomic swaps (With other chains)–Not established: no source documents hash locks.
Native exchange (Built into the protocol)–Not established: Tokenswap is described as a DEX on Whitecoin's cross-chain ecology without saying whether it is native or a contract.
Cross-chain messaging (Verified by the chain itself)–Not established: the Multi Tunnel Blockchain Communication Protocol is named but its verification is not described.
NFTs (Carried by the chain's rules)–Not established: XWCNFT is an auction exchange whose implementation is not described.
Supply & Demand6.2group average
Supply & Demand (Source)4.6average of 3 measures
Exchanges (10 or more: 10)–exchanges not yet counted
Daily volume ($10K 0, $1B or more 10)3.8$817,000 traded in 24 hours; #690 by volume
Turnover (volume ÷ market cap, 5% a day: 10)7.913% of its market cap a day
Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10)–no order book on the nine exchanges read
Market cap ($1M 0, $10B or more 10)2$6.4M, 2 on a scale of 2.5 points per tenfold
Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0)–not measured
Supply (smaller is better)7.8fixed maximum supply of 1 billion
Record10group average, 1 of 3 measured
Record (origin, claims, halts)—Not yet reviewed
Age (years since genesis) (Source)1012 full years since 2014-04-18, 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 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.

Supply

764,324,623 of a maximum 1,000,000,000 XWC are in circulation — 76.4% of the total that will ever exist.

Launch and allocation

Premine (allocated at launch)82.3% of today's supply
Developer share received since launch5.3% of today's supply
Developer share of new coins today30%

The new chain's genesis.json (2019-09-21) puts 800,000,000 XWC into a single initial balance, presumably for mapping old 2014 WhiteCoin holdings and the foundation reserve; the split is undocumented. Against the current total of ~971.79M, that is ~82.3%. The remaining ~172M came from block rewards toward the 1B max.

No sale or fundraising information was found for either the 2014 coin or the 2019 relaunch.

In the 2019 Graphene-based chain, each block reward is split by pay_miner(): 50% to the producing miner and its pledgers, 20% to wallfacer (guard) committee members, and 30% to the develop-team contract (XWC_DEVELOP_TEAM_PAY_TATIO = 30). Block rewards have added ~171.8M (971.79M - 800M genesis), and 30% of that is ~51.5M XWC, 5.3% of supply. This assumes the current source matches the rules applied since launch.

The genesis lump is a founder-controlled distribution. How much of the 800M went to pre-existing 2014 holders, and how that coin was itself launched, is not established.

Sources: github.com · github.com · github.com · coinmarketcap.com. Researched 2026-10-24, medium confidence.

What a regulator has said

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.

How CoinSpectrum ranks WhiteCoin

WhiteCoin is #162 among cryptocurrencies and #1142 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 980 places between WhiteCoin'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).

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