BlackFort Exchange Network ranks #204 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1605: 1401 of the 1604 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 1849 non-native assets CoinSpectrum lists above it by market cap, about 76% are tokens, 19% are claims on other assets and 5% are memecoins.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #204 |
| Rank counting claims | #1605 |
| Market capitalisation | $2M |
| Price | $0.000474 |
| Circulating supply | 4,489,589,680 BXN |
| Maximum supply | 49,999,999,999 BXN |
| Consensus family | Proof of Authority |
| Consensus mechanism | IBFT 2.0 (PoA, EVM) |
| Network purpose | Smart-contract platform |
| 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. BlackFort Exchange Network'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) | 4.6 | group average, 8 of 13 measured |
| Sound Money Qualities (6 checks) | 5.6 | 2.8 of 5 points, 1 not yet measured |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 7.6 | fixed maximum supply of 50 billion: supply scale 5.2, cap 10 |
| Durability: five years or more with no halt, freeze or reversal | ✗ | 2 full years since its first recorded price, record not yet reviewed |
| 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 | ✓ | 18 decimal places, the smallest unit worth $4.7e-22 |
| Portability: fees of a cent or less and capacity for real demand | ✓ | typical fee $0.000015; about 1,190 transactions a second (8.8 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | – | |
| Privacy (5 checks) | 2.5 | 1 of 5 passed, 1 not yet measured source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Accounts are derived from user-generated keys and the EVM checks only signatures and balances; no identity check is part of the chain's rules. |
| 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) | ✗ | Devp2p relays transactions directly from the sending node; no Dandelion-style relay or built-in Tor. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Account-based EVM chain with public balances and transfer amounts. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Sender and receiver addresses are public; no ring signatures, ZK sender proofs or stealth addresses in the protocol. |
| Scalability (fees, throughput, block time, block space, features) | 6.3 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.000015 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 8.8 | about 1,190 simple transactions a second |
| Block time (10 minutes 10, less either side) | 2.5 | a block every 5 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 3.13 MB limit (converted from its gas, compute, mass or count limit), 375 MB per 10 minutes |
| Features (3 checks) | 0 | 0 of 1 passed, 2 not yet researched |
| Payments safe to accept within seconds | – | |
| Pruned nodes: a full node can validate and drop old history | – | Besu block-history pruning on this private IBFT network was not established. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | The chain runs Hyperledger Besu (v26.9.0 on the public RPC), which has no light client. |
| Security (miner pay and 7 checks) | — | 0 of 3 points, 6 not yet measured |
| 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 | – | |
| Real on-chain use: 1,000+ transactions a day | – | |
| No 51% attack or deep reorganisation in five years | – | |
| Programmability (tokens, contracts, 5 checks) | 7.8 | 7 of 9 points source |
| Token issuance at protocol level, validated by its own nodes | 2 | ERC-20 contracts on its EVM chain (chain ID 488 since the February 2025 migration), open to any account; third-party contracts appear on its explorer. |
| Smart contracts: a general-purpose contract system | 2 | IBFT EVM chain (chain ID 488 since the February 2025 migration), open to any account; blocks produced in October 2026. |
| Multisig and time locks | ✓ | EVM contracts can enforce m-of-n signatures and block-time locks. |
| Atomic swaps with other chains | ✓ | Hash-locked, time-locked contracts can be written for its EVM. |
| An exchange built into the protocol | ✗ | No exchange in the protocol despite the name; any DEX is a contract. |
| Cross-chain messaging the chain verifies itself | ✗ | No protocol-level cross-chain messaging found. |
| Non-fungible tokens | ✓ | ERC-721 contracts on its EVM. |
| Decentralisation | 3.6 | section average, 4 of 8 measured |
| Censorship resistant (Source) | 0 | An authority can halt the chain or freeze funds |
| No central team (Source) | — | Not yet researched |
| 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. On-chain supply is already 49,913,215,386 BXN (Blockscout coinsupply, 2026-10-23), essentially the full 49,999,999,999 BXN 'max supply'. The whole supply was created up front and distributed by BlackFort: 59% 'production of all nodes' (rewards paid to node NFTs), 21% locked in nodes, 8.13% liquidity reserve, 4% tokenize bonus, 3.37% community pre-launch bonus, 2% creator fund, 2% team. There is no open minting. 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 new issuance: essentially the full 50B BXN max supply already exists on chain, and node rewards are paid from the pre-created allocation. Company distribution falls under premine, not a reward cut. source |
| Supply & Demand | 4.9 | group average |
| Supply & Demand (Source) | 4.5 | average of 6 measures |
| Exchanges (10 or more: 10) | 2 | 2 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 0.7 | $25,630 traded in 24 hours; #2300 by volume on the exchanges the site reads (scored on the median day of the last 30, $22,384) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 5.9 | 0.84% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 7.6 | $3,972 within 2% of the price on 2 exchanges, 0.19% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 0.8 | $2.1M, 0.8 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) | 5.2 | fixed maximum supply of 50 billion |
| Record | 2 | group average, 1 of 3 measured |
| Record (origin, claims, halts) | — | Not yet reviewed |
| Age (years since genesis) (Source) | 2 | 2 full years since 2024-04-03, 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.
4,489,589,680 of a maximum 49,999,999,999 BXN are in circulation — 9.0% 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% |
On-chain supply is already 49,913,215,386 BXN (Blockscout coinsupply, 2026-10-23), essentially the full 49,999,999,999 BXN 'max supply'. The whole supply was created up front and distributed by BlackFort: 59% 'production of all nodes' (rewards paid to node NFTs), 21% locked in nodes, 8.13% liquidity reserve, 4% tokenize bonus, 3.37% community pre-launch bonus, 2% creator fund, 2% team. There is no open minting.
Validator nodes are NFT 'nodes' with a fixed BXN lock and are distributed by BlackFort. How many were sold, and for how much, was not established. Gate.io ran a free 'Startup' offering.
No new issuance: essentially the full 50B BXN max supply already exists on chain, and node rewards are paid from the pre-created allocation. Company distribution falls under premine, not a reward cut.
The site has no label yet. The allocation table is the team's own listing text on CoinCarp. Even if the 59% node-production pool were treated as a reward pool, the supply is fully pre-minted and paid out under an authority model, so 100 under the no-open-minting rule stands. BXN was delisted from Bitfinex.
Sources: blackfort.exchange · blackfortscan.com · blackfortscan.com · coincarp.com · blog.bitfinex.com · thedefiant.io. 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.
BlackFort Exchange Network is #204 among cryptocurrencies and #1605 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 1401 places between BlackFort Exchange Network'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).