ICON ranks #140 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #918: 778 of the 917 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 1155 non-native assets CoinSpectrum lists above it by market cap, about 68% are tokens, 23% are claims on other assets and 8% are memecoins.
| CoinSpectrum Grade | D · 49/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #140 |
| Rank counting claims | #918 |
| Market capitalisation | $11M |
| Price | $0.0101 |
| Circulating supply | 1,097,403,182 ICX |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | LFT2 (PBFT) |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
D — 49 out of 100, provisional (from 14 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 35 to 67 (E to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 4.2 | group average, 8 of 13 measured |
| Sound Money Qualities (6 checks) | — | 0.4 of 3 points, 3 not yet measured |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 3.9 | no fixed maximum; 1.1 billion in circulation: supply scale 7.7, cap 0 |
| Durability: five years or more with no halt, freeze or reversal | – | |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | ✗ | an authority can freeze funds: In August 2026 the network was halted network-wide for about 25 hours after a replay exploit; the Foundation runs most consensus power and is shutting the chain down. |
| 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 | ✗ | node software not open source |
| Privacy (5 checks) | — | 0 of 5 passed, 4 not yet measured |
| Whitepaper privacy: keys are not tied to an identity | – | |
| 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) | – | |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | – | |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | – | |
| Scalability (fees, throughput, block time, block space, features) | — | too few measures yet |
| 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) | 1.1 | a block every 2 seconds |
| Block space per 10 minutes (32 MB or more 10) | – | not yet measured |
| Features (3 checks) | 10 | 1 of 1 passed, 2 not yet researched |
| Payments safe to accept within seconds | ✓ | LFT2 BFT consensus finalises 2-second blocks deterministically. |
| Pruned nodes: a full node can validate and drop old history | – | |
| Light clients verify payments from headers or proofs, without a trusted server | – | |
| Security (miner pay and 7 checks) | 2 | 2 of 9 points 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% | ✗ | 55% |
| Largest three under 75% | ✗ | 85.9% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✗ | The ICON Foundation controls the protocol and is winding the network down; the goloop node repository is no longer public. |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 1,296 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | — | 0 of 0 points, 9 not yet researched |
| Token issuance | – | |
| Smart contracts | – | |
| Multisig and time locks | – | |
| Atomic swaps with other chains | – | |
| An exchange built into the protocol | – | |
| Cross-chain messaging the chain verifies itself | – | |
| Non-fungible tokens | – | |
| Decentralisation | 4.5 | section average, 7 of 8 measured |
| Censorship resistant (Source) | 0 | An authority can halt the chain or freeze funds: In August 2026 the network was halted network-wide for about 25 hours after a replay exploit; the Foundation runs most consensus power and is shutting the chain down. source |
| No central team (Source) | 0 | A central team directs it: The ICON Foundation controls the protocol and is winding the network down; the goloop node repository is no longer public. source |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | 7.8 | 222 reachable nodes (source: Registered) |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 2.8 | 72.2% of today's supply allocated at launch to founders, a company, a foundation or investors. Initial supply 800,460,000 ICX (2017 ERC-20, later swapped to mainnet), all allocated: 50% token sale, 16% reserve, 14% foundation, 10% strategic partners and community, 10% team, advisors and early investors. Against the current total of 1,108.79M (icx_getTotalSupply, 2026-10-23), that is 72.2%. Later issuance went mainly to P-Reps and voters. source |
| Fundraising | 2.8 | Sold by its issuer or insiders: 72.2% of supply was theirs to sell, 36.1% sold so far. Sept 2017 sale of 400.23M ICX at 2,500 ICX/ETH for 150,000 ETH (~$43M), half to 'strategic' and half to 'general' contributors. source |
| Developer share (after launch) | 9.5 | Developer share: about 5% of today's supply received so far; no share of new block rewards today. Issuance (Iglobal) was set to 0 in March 2026 (block ~110.8M), so there is no cut now. Before that, from IISS 3 (Dec 2021, block ~44M) the Contribution Proposal System treasury got 10% of the 3M ICX/month Iglobal, cut to 2.5% in Feb 2024 and to 0 in May 2025; and from Feb 2024 the Irelay fund, used for validator-governed network-owned liquidity, got 50% of a 5.68M/month Iglobal, then 6.8% of 2.98M/month from May 2025. Arithmetic: integrating getIISSInfo at past heights gives ~10.1M ICX to CPS and ~44.9M to Irelay, ~55.0M / 1,108.8M = ~5.0%. source |
| Supply & Demand | 4.2 | group average |
| Supply & Demand (Source) | 0.7 | average of 4 measures |
| Exchanges (10 or more: 10) | 0 | no exchange the site reads trades it |
| Daily volume ($10K 0, $1B or more 10) | 0 | $25 traded in 24 hours; #3979 by volume |
| Turnover (volume ÷ market cap, 5% a day: 10) | 0 | 0.00% 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 | $11M, 2.6 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) | 7.7 | no fixed maximum; 1.1 billion in circulation |
| Record | 4.5 | group average, 2 of 3 measured |
| Record (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| Negative record | ||
| Halt, freeze or reversal, 2026-08-27 | ✗ | After an attacker replayed signed withdrawal messages to release 119.9M ICX and 531,600 bnUSD from foundation-held assets, the network was halted network-wide at 06:18 UTC and resumed about 25 hours later. |
| Age (years since genesis) (Source) | — | Genesis date not yet researched |
| Development (work, improvements, unfixed issues) | 0 | 0 positive, 1 negative, 5 not yet researched |
| Negative | ||
| Steady work, 0 of 6 | ✗ | The ICON Foundation is retiring the chain: ICX emissions ended (target 26 Mar 2026), two-way migration to SODA ended 30 Sep 2026 and the network shuts down 31 Dec 2026; the goloop repository is no longer public. |
| 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 | – | |
| Unfixed vulnerabilities and exploits | – | |
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.
1,097,403,182 ICX are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 72.2% of today's supply |
|---|---|
| Sold by the issuer or insiders | 36.1% of today's supply |
| Developer share received since launch | 5% of today's supply |
| Developer share of new coins today | 0% |
| Nodes or validators | 222 |
| Fundraising | Public sale |
Initial supply 800,460,000 ICX (2017 ERC-20, later swapped to mainnet), all allocated: 50% token sale, 16% reserve, 14% foundation, 10% strategic partners and community, 10% team, advisors and early investors. Against the current total of 1,108.79M (icx_getTotalSupply, 2026-10-23), that is 72.2%. Later issuance went mainly to P-Reps and voters.
Sept 2017 sale of 400.23M ICX at 2,500 ICX/ETH for 150,000 ETH (~$43M), half to 'strategic' and half to 'general' contributors.
Issuance (Iglobal) was set to 0 in March 2026 (block ~110.8M), so there is no cut now. Before that, from IISS 3 (Dec 2021, block ~44M) the Contribution Proposal System treasury got 10% of the 3M ICX/month Iglobal, cut to 2.5% in Feb 2024 and to 0 in May 2025; and from Feb 2024 the Irelay fund, used for validator-governed network-owned liquidity, got 50% of a 5.68M/month Iglobal, then 6.8% of 2.98M/month from May 2025. Arithmetic: integrating getIISSInfo at past heights gives ~10.1M ICX to CPS and ~44.9M to Irelay, ~55.0M / 1,108.8M = ~5.0%.
The allocation percentages are from CoinStats and CoinMarketCap rather than a primary ICON document. The CPS share of issuance (P-Rep-directed grants) is not counted.
Sources: ctz.solidwallet.io · forum.icon.community · forum.icon.community · docs.icon.community · icon.foundation · icodrops.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.
ICON is #140 among cryptocurrencies and #918 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 778 places between ICON'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).