Paycoin ranks #100 of 508 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #579: 479 of the 578 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 578 non-native assets CoinSpectrum lists above it by market cap, about 59% are tokens, 32% are claims on other assets and 9% are memecoins.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #100 |
| Rank counting claims | #579 |
| Market capitalisation | $38M |
| Price | $0.0367 |
| Circulating supply | 1,022,576,439 PCI |
| Maximum supply | 1,900,000,000 PCI |
| Consensus family | Proof of Authority |
| Consensus mechanism | Hyperledger Fabric (permissioned PoA) |
| 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. Paycoin'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 | 3.4 | group average, 2 of 6 measured |
| Properties (10 whitepaper checks) (Source) | 2.5 | 2 of 10 passed, 2 not yet measured source |
| Anyone can mint (permissionless) | ✗ | Hyperledger Fabric (permissioned PoA) |
| Limited supply | ✓ | fixed maximum of 1,900,000,000 |
| No pre-issuance or developer mint | ✗ | |
| No developer tax | ✓ | |
| No authority that can halt the chain or freeze funds | ✗ | |
| No central team | ✗ | Paycoin is run by Danal's PayProtocol on a permissioned network it operates. |
| Fees under one cent | – | |
| Payments safe to accept within 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) | 1.7 | a block every 3 seconds |
| Block space per 10 minutes (32 MB or more 10) | – | not yet measured |
| Security (9 checks) | — | 1 of 9 passed, 5 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 | – | |
| Node software is open source | – | Paycoin is run by Danal's PayProtocol on a permissioned network it operates. |
| Real on-chain use: 1,000+ transactions a day | – | |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Decentralisation: who can mint (Source) | 4.3 | Proof of authority: 4.3 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) | ✗ | Permissioned Hyperledger Fabric network; no public node and no transaction-origin hiding. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | Users cannot run a node or light client; the operator's network answers queries. |
| Scalability | ||
| Pruned nodes: a full node can validate and drop old history | ✗ | No public full node exists to prune. |
| Native payment channels or instant payments | ✗ | No payment channels. |
| Security | ||
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No user-facing confidential transfer feature. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No user-facing anonymity feature. |
| Issuance | 5 | group average, 2 of 3 measured |
| Premine (allocated at launch) | 0 | 100% of today's supply allocated at launch to founders, a company, a foundation or investors. PCI is issued and operated by PayProtocol AG (Danal-associated) with no mining; supply was cut to a fixed ~1.9B after 2.041B was burned by Feb 2023, with ~831.9M still locked in foundation-controlled buckets (PayProtocol lockup dashboard, July 2026, via yellow.com). 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 issuance: PCI is a fixed, company-issued supply on a permissioned chain with no mining or block rewards, so there is nothing to cut. source |
| Supply & Demand | 5.6 | group average |
| Supply & Demand (Source) | 5.4 | average of 6 measures |
| Exchanges (10 or more: 10) | 5 | 5 exchanges |
| Volume rank among the top 200 | 0 | $522,642 traded in 24 hours; #867 by volume on the exchanges the site reads (ranked on the median day of the last 30, $548,875) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 7.1 | 1.4% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 6.2 | $27,543 within 2% of the price on 1 exchange, 0.07% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 3.9 | $38M, 3.9 on a scale of 2.5 points per tenfold |
| Futures exposure (open interest ÷ market cap, less is better) | 10 | no perpetual futures on the exchanges read |
| Supply (smaller is better) | 5.8 | fixed maximum supply of 1.9 billion |
| Record | 8 | group average, 2 of 3 measured |
| 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) | 6 | 6 full years since 2020-03-05, 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 |
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.
1,022,576,439 of a maximum 1,900,000,000 PCI are in circulation — 53.8% 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% |
PCI is issued and operated by PayProtocol AG (Danal-associated) with no mining; supply was cut to a fixed ~1.9B after 2.041B was burned by Feb 2023, with ~831.9M still locked in foundation-controlled buckets (PayProtocol lockup dashboard, July 2026, via yellow.com).
Not established: no source found describing an ICO, private sale or investor round for PCI.
No issuance: PCI is a fixed, company-issued supply on a permissioned chain with no mining or block rewards, so there is nothing to cut.
Sources: payprotocol.io · payprotocol.io · yellow.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.
Paycoin is #100 among cryptocurrencies and #579 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 479 places between Paycoin'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).