Freicoin ranks #375 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #5400: 5025 of the 5399 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.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #375 |
| Rank counting claims | #5400 |
| Price | $0.00161 |
| Circulating supply | 0 FRC |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Work |
| Consensus mechanism | SHA-256 (merge-mined) |
| Own hashrate | — |
| Network purpose | Payments |
| Ledger type | Single-asset ledger |
| Launch distribution | No premine |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
Grade pending. Fewer than six of Freicoin's nine network-security points are measured yet. 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) | 7.7 | group average, 10 of 13 measured |
| Sound Money Qualities (6 checks) | 8 | 4 of 5 points, 1 not yet measured source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | – | |
| Durability: five years or more with no halt, freeze or reversal | ✓ | 13 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 | ✓ | 8 decimal places, the smallest unit worth $1.6e-11 |
| Portability: fees of a cent or less and capacity for real demand | ✗ | typical fee $2e-9; about 12 transactions a second (1.2 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | ✓ | node software open source; light clients verify from headers or proofs |
| Privacy (5 checks) | 4 | 2 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Freicoin's Bitcoin-derived node (freicoin/freicoin) has no identity rule: anyone generates keys and receives and sends the coin. |
| 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) | ✗ | Freicoin v28.1-42439 (Jan 2025, Bitcoin Core 28 base): no Dandelion; Tor is only used if the operator runs and configures it. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Transparent Bitcoin-style amounts; no confidential transactions. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Transparent addresses and inputs; no ring signatures or stealth addresses. |
| Scalability (fees, throughput, block time, block space, features) | 6.5 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $2e-9 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 1.2 | about 11.9 simple transactions a second |
| Block time (10 minutes 10, less either side) | 9.2 | a block every 17 minutes |
| Block space per 10 minutes (32 MB or more 10) | 5.5 | 4 MB limit, 2.35 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Payments safe to accept within seconds | ✗ | Ten-minute blocks, and the node (Bitcoin Core 28 base) defaults to full replace-by-fee (DEFAULT_MEMPOOL_FULL_RBF true), so zero-confirmation spends are not protected. |
| Pruned nodes: a full node can validate and drop old history | ✓ | Freicoin v28.1-42439 (Jan 2025, Bitcoin Core 28 base): -prune keeps the UTXO set and recent blocks. |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | Freicoin v28.1 serves BIP37 Merkle proofs and BIP157 filters to SPV clients checking merge-mined SHA-256 proof of work. |
| Security (miner pay and 7 checks) | — | 2 of 4 points, 5 not yet measured source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | – | |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | merge-mined: its blocks are found by another chain's miners |
| Largest pool or validator under 50% | – | |
| Largest three under 75% | – | |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | The Freicoin client is developed in the tradecraftio/tradecraft repository (MIT-licensed Bitcoin fork), led by volunteer maintainer Mark Friedenbach; no company or foundation controls it today. |
| Real on-chain use: 1,000+ transactions a day | – | |
| No 51% attack or deep reorganisation in five years | ✓ | |
| 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 | Freicoin runs Bitcoin-style Script limited to spending conditions (signatures, hash locks, multisig); no contract VM or token introspection. |
| Multisig and time locks | ✓ | OP_CHECKMULTISIG plus OP_CHECKLOCKTIMEVERIFY and OP_CHECKSEQUENCEVERIFY, enforced inside witness scripts (SegWit active at height 278,208); in legacy scripts they remain NOPs. |
| Atomic swaps with other chains | ✓ | HTLCs built from Script hash locks (OP_SHA256/OP_HASH160) with a CLTV refund branch are standard Script, so cross-chain hash-locked swaps work on Freicoin. |
| An exchange built into the protocol | ✗ | No exchange or order book in the Freicoin consensus rules. |
| Cross-chain messaging the chain verifies itself | ✗ | Freicoin nodes verify no other chain; no protocol-level cross-chain messaging. |
| Non-fungible tokens | ✗ | No token or NFT type in the Freicoin consensus rules. |
| Decentralisation | 9.3 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol-level party can freeze, blacklist or claw back coins or halt the chain. source |
| No central team (Source) | 10 | No central team: The Freicoin client is developed in the tradecraftio/tradecraft repository (MIT-licensed Bitcoin fork), led by volunteer maintainer Mark Friedenbach; no company or foundation controls it today. 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) | 10 | 0% of today's supply allocated at launch to founders, a company, a foundation or investors. No genesis allocation or instamine; mining began 2012-12-21. The Freicoin Foundation's share of the initial distribution was paid from block rewards and is recorded as a reward cut. source |
| Fundraising | 10 | No sale of the coin source |
| Developer share (after launch) | 5.6 | Developer share: about 44% of today's supply received so far; no share of new block rewards today. Until equilibrium at block 161,280 (about three years, ending 2015), consensus enforced a 'budget' that sent 80% of the initial distribution (80M of the 100M FRC monetary base) to Freicoin Foundation addresses; since then the perpetual 95.37 FRC subsidy goes wholly to miners. Freicoin's demurrage (~4.9%/yr) has eroded those coins: 80M x e^(-0.0489 x ~12.3 yr) = ~44M of the ~100M equilibrium supply, ~44% (80% in nominal terms). source |
| Supply & Demand | 0 | group average, 1 of 2 measured |
| Supply & Demand (Source) | 0 | average of 1 measure |
| Exchanges (10 or more: 10) | 0 | no exchange the site reads trades it |
| Daily volume ($10K 0, $1B or more 10) | – | no volume reported |
| Turnover (volume ÷ market cap, 5% a day: 10) | – | not measured |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | – | not measured |
| Market cap ($1M 0, $10B or more 10) | – | not measured |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | – | not measured |
| Supply (smaller is better) | — | Supply not reported |
| Record | 8.7 | 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) | 10 | 13 full years since 2013-05-03, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 6 | 2 positive, 1 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 0 commits in 0 of the last 12 months (github.com/tradecraftio/tradecraft); Freicoin (Tradecraft) v28.1-42439, 2025-01-14; v28-42407 (2025-01-04), v27.2-40603 (2025-01-02) and v27.1.1.1 / v25.2.1 (27-28 October 2024) also fall within the last 24 months, but nothing has been released since January 2025. |
| Shipped a security fix in two years, +1 | ✓ | Freicoin v28.1-42439, 23 Jan 2025: includes bitcoin/bitcoin#30568 (addrman id overflow), the fix for the addr-spam remote crash disclosed by Bitcoin Core as CVE-2024-52919 part 2. |
| Negative | ||
| 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 Freicoin v28.1-42439. |
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.
0 FRC are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 0% of today's supply |
|---|---|
| Sold by the issuer or insiders | 0% of today's supply |
| Developer share received since launch | 44% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | No sale and no investor round |
No genesis allocation or instamine; mining began 2012-12-21. The Freicoin Foundation's share of the initial distribution was paid from block rewards and is recorded as a reward cut.
No ICO or presale.
No sale; the Foundation was to give its coins away through a faucet and donation matching for non-profits.
Until equilibrium at block 161,280 (about three years, ending 2015), consensus enforced a 'budget' that sent 80% of the initial distribution (80M of the 100M FRC monetary base) to Freicoin Foundation addresses; since then the perpetual 95.37 FRC subsidy goes wholly to miners. Freicoin's demurrage (~4.9%/yr) has eroded those coins: 80M x e^(-0.0489 x ~12.3 yr) = ~44M of the ~100M equilibrium supply, ~44% (80% in nominal terms).
The release notes warn that nodes older than the merge-mining-aware v13.2.4 'are vulnerable to hashrate-based attacks'. No 51% attack in the window was found, but there is no explorer to check reorganisations. CMC lists 0 circulating supply, so the asset is effectively untraded.
Sources: github.com · github.com · github.com · github.com · en.bitcoin.it. Researched 2026-10-26, medium confidence.
No source we can reach publishes a hashrate for Freicoin.
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.
Freicoin is #375 among cryptocurrencies and #5400 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 5025 places between Freicoin'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).