InitVerse ranks #314 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #3738: 3424 of the 3737 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 4007 non-native assets CoinSpectrum lists above it by market cap, about 84% are tokens, 14% are claims on other assets and 2% are memecoins.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #314 |
| Rank counting claims | #3738 |
| Market capitalisation | $12,837 |
| Price | $0.0000235 |
| Circulating supply | 546,335,842 INI |
| Maximum supply | 6,000,000,000 INI |
| Consensus family | Proof of Work |
| Consensus mechanism | VersaHash |
| Own hashrate | — |
| 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. InitVerse'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) | 6.2 | group average, 10 of 13 measured |
| Sound Money Qualities (6 checks) | 4.7 | 2.8 of 6 points source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 8.4 | fixed maximum supply of 6 billion: supply scale 6.7, cap 10 |
| Durability: five years or more with no halt, freeze or reversal | ✗ | 1 full year 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 | ✓ | 18 decimal places, the smallest unit worth $2.3e-23 |
| Portability: fees of a cent or less and capacity for real demand | ✗ | typical fee $1e-9; about 90 transactions a second (4.5 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | ✗ | node software not open source |
| Privacy (5 checks) | 2 | 1 of 5 passed 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) | ✗ | No origin-hiding relay; the node gossips transactions over plain devp2p. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Account-based EVM transfers; amounts are public. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Plain account addresses; sender and receiver are public. |
| Scalability (fees, throughput, block time, block space, features) | 5.6 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $1e-9 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 4.5 | about 90 simple transactions a second |
| Block time (10 minutes 10, less either side) | 3.7 | a block every 10.5 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 1.25 MB limit (converted from its gas, compute, mass or count limit), 71.4 MB per 10 minutes |
| Features (3 checks) | 0 | 0 of 2 passed, 1 not yet researched |
| Payments safe to accept within seconds | ✗ | About 10.5-second proof-of-work blocks with probabilistic confirmation; no instant finality. |
| Pruned nodes: a full node can validate and drop old history | – | Node software and its pruning options are not public; not established. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | No working light-client protocol: wallets read balances from RPC servers they must trust. |
| Security (miner pay and 7 checks) | 1.5 | 1 of 6 points, 3 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 | – | |
| Largest pool or validator under 50% | ✗ | 55% |
| Largest three under 75% | ✗ | 99.3% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✗ | The InitVerse/INIChain team runs a closed geth-derived node (extraData 'geth go1.24.2'); no source code is published. |
| Real on-chain use: 1,000+ transactions a day | ✗ | about 409 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 the InitVerse mainnet EVM (VersaHash proof of work, chain ID 7233), open to any account. |
| Smart contracts: a general-purpose contract system | 2 | EVM on the InitVerse mainnet (VersaHash proof of work, chain ID 7233), producing blocks on 2026-10-28. |
| Multisig and time locks | ✓ | m-of-n multisig and time-lock contracts (Safe-style wallets, timelock controllers) run on its EVM like on Ethereum. |
| Atomic swaps with other chains | ✓ | Hash-time-locked contracts are expressible in Solidity on its EVM, as in EVM HTLC swap implementations. |
| An exchange built into the protocol | ✗ | No exchange in the protocol; DEXs on the chain are user-deployed contracts. |
| Cross-chain messaging the chain verifies itself | ✗ | No protocol-level cross-chain messaging. |
| Non-fungible tokens | ✓ | ERC-721 contracts run on its EVM. |
| Decentralisation | 8 | section average, 5 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: Not established: the node is closed-source, so whether any key can freeze accounts or halt the chain cannot be checked. source |
| No central team (Source) | 0 | A central team directs it: The InitVerse/INIChain team runs a closed geth-derived node (extraData 'geth go1.24.2'); no source code is published. 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. The genesis block (30 Dec 2024) has the empty-trie state root (0x56e81f…b421), so no coins were allocated at genesis; supply comes from block rewards from block 1 (mining from January 2025). Project material mentions an official team mining address whose coins fund airdrops and campaigns, but its size is not published, so nothing is counted. 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. Block headers carry teamRate and TeamAddress fields, but every block sampled from January 2025 to October 2026 shows teamRate 0 and a zero TeamAddress, so no protocol cut is paid. source |
| Supply & Demand | 3.5 | group average |
| Supply & Demand (Source) | 0.2 | 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 | $12 traded in 24 hours; #4121 by volume |
| Turnover (volume ÷ market cap, 5% a day: 10) | 0.8 | 0.09% 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) | 0 | $13K, 0 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) | 6.7 | fixed maximum supply of 6 billion |
| Record | 4 | 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) | 1 | 1 full year since 2025-07-08, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 1 | 1 positive, 0 negative, 4 not yet researched source |
| Positive | ||
| Shipped a scaling upgrade in two years, +1 | ✓ | IIP-003 network upgrade (2025): block spacing cut from ~30 s to ~10 s, tripling block capacity per unit time (block timestamps on the RPC show ~10.6 s today). |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a privacy improvement 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.
546,335,842 of a maximum 6,000,000,000 INI are in circulation — 9.1% of the total that will ever exist.
| Premine (allocated at launch) | 0% of today's supply |
|---|---|
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
The genesis block (30 Dec 2024) has the empty-trie state root (0x56e81f…b421), so no coins were allocated at genesis; supply comes from block rewards from block 1 (mining from January 2025). Project material mentions an official team mining address whose coins fund airdrops and campaigns, but its size is not published, so nothing is counted.
None documented. The team runs INI-denominated reward campaigns (e.g. a 500,000 INI anniversary budget in March 2025) from its own holdings.
No token sale or investor round is documented; not established.
Block headers carry teamRate and TeamAddress fields, but every block sampled from January 2025 to October 2026 shows teamRate 0 and a zero TeamAddress, so no protocol cut is paid.
A March 2025 project press release advertised 'guaranteed' and 'risk-free' staking returns and a 727.39 INI block reward at the time. Two addresses mined 95% of sampled blocks; whether either belongs to the team is not established.
Sources: rpc-mainnet.inichain.com · chainid.network · github.com · einpresswire.com · cryptoticker.io. Researched 2026-10-26, low confidence.
No source we can reach publishes a hashrate for InitVerse.
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.
InitVerse is #314 among cryptocurrencies and #3738 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 3424 places between InitVerse'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).