Nexpace ranks #81 of 508 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #429: 348 of the 428 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 437 non-native assets CoinSpectrum lists above it by market cap, about 55% are tokens, 37% are claims on other assets and 8% are memecoins.
| CoinSpectrum Grade | D · 51/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #81 |
| Rank counting claims | #429 |
| Market capitalisation | $54M |
| Price | $0.1730 |
| Circulating supply | 313,230,659 NXPC |
| Maximum supply | 1,000,000,000 NXPC |
| Consensus family | Other |
| Consensus mechanism | Avalanche Snowman (subnet) |
| Ledger type | Multi-asset ledger |
| Launch distribution | Premine |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
D — 51 out of 100, provisional (from 14 of 17 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 41 to 63 (D to C).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 6.4 | group average |
| Consensus: leader ladder | 6.4 | Other: 6.4 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 6.4 | Other: 6.4 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards | 3 | group average, 3 of 6 measured |
| Properties (10 whitepaper checks) (Source) | 3.8 | 3 of 10 passed, 2 not yet measured source |
| Anyone can mint (permissionless) | – | Avalanche Snowman (subnet) |
| Limited supply | ✓ | fixed maximum of 1,000,000,000 |
| No pre-issuance or developer mint | ✗ | |
| No developer tax | ✓ | |
| No authority that can halt the chain or freeze funds | ✗ | Henesys is a permissioned L1 whose validator set is managed for Nexpace on AvaCloud, so a single operator can halt or restrict the chain. |
| No central team | ✗ | Nexpace (Nexon's MapleStory Universe unit) runs the Henesys L1 on AvaCloud; the client is Ava Labs' AvalancheGo/Subnet-EVM (BSD-3). |
| Fees under one cent | – | |
| Payments safe to accept within seconds | ✓ | Henesys is an Avalanche L1 using Snowman consensus, with deterministic finality in about 1-2 seconds. |
| UTXO ledger | ✗ | |
| Privacy built into the protocol | ✗ | |
| Scalability (fees, throughput, block time, block space) | — | too few measures yet source |
| Fees ($0.001 or less 10, $1 or more 0) | – | not yet measured |
| Throughput (1,000 transactions a second or more 10) | – | 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 |
| Security (9 checks) | 3.9 | 3 of 9 passed, 2 not yet measured source |
| Miners paid over $1 million a day | ✗ | not mined |
| Miners paid over $100,000 a day | ✗ | |
| 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 | ✗ | 1 |
| Node software is open source | ✓ | Nexpace (Nexon's MapleStory Universe unit) runs the Henesys L1 on AvaCloud; the client is Ava Labs' AvalancheGo/Subnet-EVM (BSD-3). |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 130,370 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Decentralisation: who can mint (Source) | 1.4 | Other: 1.4 of 10 on the ladder of who produces blocks |
| Decentralisation: nodes (Source) | — | Not yet counted |
| Decentralisation: holder concentration (Source) | — | Not yet measured |
| Capabilities (protocol features) | 0 | 0 of 6 passed source |
| Decentralisation | ||
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | Avalanche L1 (Subnet-EVM) relays transactions directly. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | No light-client protocol; wallets trust RPC servers. |
| Scalability | ||
| Pruned nodes: a full node can validate and drop old history | ✗ | Subnet-EVM prunes state only; it has no option that deletes old blocks. |
| Native payment channels or instant payments | ✗ | No payment channels. |
| Security | ||
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No confidential transactions. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No sender or receiver hiding. |
| Issuance | 6.7 | group average |
| Premine (allocated at launch) | 0 | 100% of today's supply allocated at launch to founders, a company, a foundation or investors. The fixed 1B NXPC supply was all issued and allocated by NEXPACE, Nexon's subsidiary (80% contributor rewards, 16.32% ecosystem/airdrops, 2% IP MG, plus team, advisor and gas allocations). Current total supply is about 994.55M NXPC (CoinGecko, 2026-10-23). source |
| Fundraising | 10 | No sale of the coin source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. No cut and no open issuance: the fixed 1B NXPC supply was issued up front and allocated by NEXPACE. source |
| Supply & Demand | 6.1 | group average |
| Supply & Demand (Source) | 5.8 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 31 exchanges |
| Volume rank among the top 200 | 0 | $610,333 traded in 24 hours; #620 by volume on the exchanges the site reads (ranked on the median day of the last 30, $1,120,343) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 7.5 | 1.7% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 10 | $594,398 within 2% of the price on 6 exchanges, 1.1% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 4.3 | $54M, 4.3 on a scale of 2.5 points per tenfold |
| Futures exposure (open interest ÷ market cap, less is better) | 3 | perpetual open interest 10% of its market cap |
| Supply (smaller is better) | 6.4 | fixed maximum supply of 1 billion |
| Record | 5.7 | 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) | 1 | 1 full year since 2025-05-15, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 6 | 1 positive, 0 negative, 4 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 6,551 commits in 12 of the last 12 months (github.com/ava-labs/avalanchego); Henesys is an Avalanche L1 run on AvaCloud; its reference client AvalancheGo is actively released. No Nexpace-specific client releases. |
| 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 | – | |
Seventeen criteria, weighted equally. The Cryptocurrency Standards group four parts: properties (ten checks drawn from the Bitcoin whitepaper), scalability (four measures), security (nine checks) and decentralisation (three scales). 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.
313,230,659 of a maximum 1,000,000,000 NXPC are in circulation — 31.3% 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% |
| Fundraising | No sale and no investor round |
The fixed 1B NXPC supply was all issued and allocated by NEXPACE, Nexon's subsidiary (80% contributor rewards, 16.32% ecosystem/airdrops, 2% IP MG, plus team, advisor and gas allocations). Current total supply is about 994.55M NXPC (CoinGecko, 2026-10-23).
No private or public token sale; no tokens sold to external investors (Binance Research). Nexon funds the project with $100M of paid-in capital and took no token allocation.
No cut and no open issuance: the fixed 1B NXPC supply was issued up front and allocated by NEXPACE.
Sources: nexpace.io · coingecko.com · binance.com · altfins.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.
Nexpace is #81 among cryptocurrencies and #429 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 348 places between Nexpace'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).