Abelian ranks #124 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #855: 731 of the 854 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 861 non-native assets CoinSpectrum lists above it by market cap, about 64% are tokens, 27% are claims on other assets and 9% are memecoins.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #124 |
| Rank counting claims | #855 |
| Market capitalisation | $21M |
| Price | $0.1422 |
| Circulating supply | 144,405,773 ABEL |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Work |
| Consensus mechanism | Chameleon Hash PoW (post-quantum) |
| Own hashrate | 2.33 PH/s |
| 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.
Grade pending. Abelian'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) | 10 | group average |
| Consensus: leader ladder | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 6.5 | group average, 9 of 13 measured |
| Sound Money Qualities (6 checks) | 6.3 | 2.5 of 4 points, 2 not yet measured source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 4.5 | no fixed maximum; 144 million in circulation: supply scale 8.9, cap 0 |
| Durability: five years or more with no halt, freeze or reversal | ✗ | 2 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 | ✓ | no authority can freeze, blacklist or set apart a coin |
| Divisibility: the smallest unit worth a cent or less | ✓ | 7 decimal places, the smallest unit worth $1.4e-8 |
| Portability: fees of a cent or less and capacity for real demand | – | |
| Verifiability: open-source nodes and checking without a trusted server | – | node software open source |
| Privacy (5 checks) | 8 | 4 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Anyone can create keys and receive and send coins; the protocol carries no identity check. |
| 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) | ✗ | btcd-derived abec node has no Dandelion or built-in Tor. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✓ | Lattice-based (post-quantum) confidential transactions hide amounts for fully private wallets (mainnet since 2022). |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✓ | Ring signatures hide the sender and one-time addresses hide the receiver in fully private transactions. |
| 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) | 8.3 | a block every 3.3 minutes |
| Block space per 10 minutes (32 MB or more 10) | – | not yet measured |
| Features (3 checks) | 0 | 0 of 1 passed, 2 not yet researched |
| Payments safe to accept within seconds | ✗ | Blocks are about 4.7 minutes apart, and the btcd-derived abec mempool accepts opt-in replace-by-fee, so zero-confirmation is unprotected. |
| Pruned nodes: a full node can validate and drop old history | – | Not established. |
| Light clients verify payments from headers or proofs, without a trusted server | – | Not established. |
| Security (miner pay and 7 checks) | 5.3 | 5.3 of 9 points source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | 1.5 | about $3,933 a day |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✓ | |
| Largest pool or validator under 50% | ✓ | 22% |
| Largest three under 75% | ✓ | 52% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | abec (ISC, a btcd fork in the pqabelian organisation) is developed by the Abelian Foundation's team, which sets the roadmap. |
| Real on-chain use: 1,000+ transactions a day | ✗ | about 180 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 0 | 0 of 8 points, 1 not yet researched source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts | 0 | Post-quantum lattice-based UTXO transactions with no scripting on the base layer; smart contracts are left to the separate QDay Layer 2. |
| Multisig and time locks | ✗ | No multisig or time-lock feature is documented for the base layer. |
| Atomic swaps with other chains | ✗ | No hash-lock or time-lock feature is documented; a token swap is only on the roadmap. |
| An exchange built into the protocol | ✗ | No exchange in the protocol. |
| Cross-chain messaging the chain verifies itself | ✗ | No cross-chain feature documented. |
| Non-fungible tokens | – | Not established: the Abelian User Token (AUT) is described as able to issue NFTs, but no source shows it validated in mainnet consensus. |
| Decentralisation | 7.7 | section average, 5 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No party can freeze or claw back ABEL. source |
| No central team (Source) | 0 | A central team directs it: abec (ISC, a btcd fork in the pqabelian organisation) is developed by the Abelian Foundation's team, which sets the roadmap. source |
| Who can mint (Source) | 10 | Proof of work: 10 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 8.5 | 15.4% of today's supply allocated at launch to founders, a company, a foundation or investors. Official tokenomics: 20.58M ABEL in the genesis block (9.14% of the 225.18M max), 'allocated for fundraising, community development, and marketing'. Current supply computed from the code schedule at height 566,517 (2026-10-26): 20.58M + 400,000 x 256 (era 1, 102.4M) + 166,517 x 64 (era 2, 10.66M) = 133.64M; 20.58 / 133.64 = 15.4%. 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. CalcBlockSubsidy (blockchain/validate.go) pays the whole subsidy (256 ABEL in era 1, 64 ABEL from block 400,000 under AIP0012, halving every 800,000 blocks) to the miner; no developer or foundation output was found. source |
| Supply & Demand | 6.2 | group average |
| Supply & Demand (Source) | 3.5 | average of 5 measures |
| Exchanges (10 or more: 10) | 1 | 1 exchange |
| Daily volume ($10K 0, $1B or more 10) | 0.8 | $37,694 traded in 24 hours; #2277 by volume on the exchanges the site reads (scored on the median day of the last 30, $24,321) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 2.6 | 0.20% of its market cap a day, median of the last 30 days |
| 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) | 3.3 | $21M, 3.3 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) | 8.9 | no fixed maximum; 144 million in circulation |
| Record | 5 | 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) | 2 | 2 full years since 2023-12-05, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 3 | 1 positive, 0 negative, 4 not yet researched source |
| Positive | ||
| Steady work, 3 of 6 | ✓ | 454 commits in 6 of the last 12 months (github.com/pqabelian/abec); abec v2.0.0 (2025-03-19) and v2.0.1 (2025-03-29) are the only releases in 24 months. |
| 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 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.
144,405,773 ABEL are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 15.4% of today's supply |
|---|---|
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
Official tokenomics: 20.58M ABEL in the genesis block (9.14% of the 225.18M max), 'allocated for fundraising, community development, and marketing'. Current supply computed from the code schedule at height 566,517 (2026-10-26): 20.58M + 400,000 x 256 (era 1, 102.4M) + 166,517 x 64 (era 2, 10.66M) = 133.64M; 20.58 / 133.64 = 15.4%.
Genesis tokens were earmarked for 'fundraising' per the official tokenomics page, but no round, amount or investor is documented.
The genesis allocation is stated to be partly for fundraising, but no sale size, price or buyer is published.
CalcBlockSubsidy (blockchain/validate.go) pays the whole subsidy (256 ABEL in era 1, 64 ABEL from block 400,000 under AIP0012, halving every 800,000 blocks) to the miner; no developer or foundation output was found.
Genesis output amounts are hidden (privacy), so the 20.58M figure rests on the project's own tokenomics page. Target block time is 256 s in chaincfg/params.go, not 200 s. CoinDesk lists 144.13M circulating, which does not match the code schedule (133.6M); the code-derived figure is used.
Sources: community.pqabelian.io · github.com · github.com · api.pqabelian.io · coindesk.com · github.com. Researched 2026-10-26, medium confidence.
Abelian is secured by 2.33 PH/s of its own work. Hashrate does not compare across algorithms — a SHA-256 hash and a Scrypt hash cost different amounts to produce.
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.
Abelian is #124 among cryptocurrencies and #855 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 731 places between Abelian'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).