Qubic ranks #75 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #394: 319 of the 393 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 403 non-native assets CoinSpectrum lists above it by market cap, about 53% are tokens, 39% are claims on other assets and 8% are memecoins.
| CoinSpectrum Grade | D · 51/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #75 |
| Rank counting claims | #394 |
| Market capitalisation | $61M |
| Price | $4.17e-7 |
| Circulating supply | 146,246,726,558,361 QUBIC |
| Maximum supply | 200,000,000,000,000 QUBIC |
| Consensus family | Other |
| Consensus mechanism | Useful PoW (Computor quorum) |
| Network purpose | Distributed compute |
| 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.
D — 51 out of 100, provisional (from 19 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 47 to 55 (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 (Source) | 4.8 | group average, 12 of 13 measured |
| Sound Money Qualities (6 checks) | 3 | 1.5 of 5 points, 1 not yet measured source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 5 | fixed maximum supply of 200 trillion: supply scale 0, cap 10 |
| Durability: five years or more with no halt, freeze or reversal | ✗ | 2 full years since its first recorded price, one halt, freeze or reversal in five years |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | ✗ | an authority can freeze funds: The core code carries a frozen-addresses list whose QU and shares are moved to a FROZEN_ESCROW identity at a set tick (transferFrozenAssetsToEscrow). |
| Divisibility: the smallest unit worth a cent or less | ✓ | 0 decimal places, the smallest unit worth $4.2e-7 |
| Portability: fees of a cent or less and capacity for real demand | – | typical fee $0 |
| 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 | ✓ | Anyone can create keys and receive and send coins; the protocol carries no identity check. |
| 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) | ✗ | Transactions are broadcast to computors directly. |
| 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. |
| Scalability (fees, throughput, block time, block space, features) | 5 | average of 3 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0 |
| 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) | 0 | a block every 1 second |
| Block space per 10 minutes (32 MB or more 10) | – | not yet measured |
| Features (3 checks) | 5 | 1 of 2 passed, 1 not yet researched |
| Payments safe to accept within seconds | ✓ | Ticks of about half a second are finalised by a quorum of 451 of 676 computors, settling transfers within a few seconds. |
| Pruned nodes: a full node can validate and drop old history | – | Computors run from per-epoch state files (universe, contract state); how much history a node keeps is not documented. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | No light-client protocol; wallets trust RPC/archiver services. |
| Security (miner pay and 7 checks) | 2.6 | 2 of 7 points, 2 not yet measured 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% | – | |
| Largest three under 75% | – | |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✗ | The core node is developed in the qubic/core repository by the Qubic core team led by Come-from-Beyond, under the Anti-Military License rather than an OSI-approved licence. |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 964,613 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 5 | 4 of 8 points, 1 not yet researched source |
| Token issuance at protocol level, validated by its own nodes | 2 | The QX core contract's IssueAsset procedure lets any identity issue an asset for a 1 billion QU fee, executed by the computor quorum; deploying new contracts needs a quorum vote and IPO. |
| Smart contracts | 0 | Contracts are compiled into the core node only after a computor-quorum vote (451 of 676 participating, majority) and an IPO; users call the approved set (QX, QSWAP, MSVAULT, QBAY and others) but cannot deploy their own logic. |
| Multisig and time locks | – | The MSVAULT core contract gives m-of-n vaults (up to 16 owners, requiredApprovals), but no user time-locked spending is documented among the core contracts. |
| Atomic swaps with other chains | ✗ | No HTLC or adaptor-signature contract among the approved core contracts, and users cannot deploy one. |
| An exchange built into the protocol | ✓ | QX, core contract index 1 compiled into the node, runs ask/bid order books for Qubic assets; QSWAP adds an AMM. |
| Cross-chain messaging the chain verifies itself | ✗ | No protocol messaging to other chains. |
| Non-fungible tokens | ✓ | The QBAY core contract creates NFT collections and single NFTs and runs their marketplace. |
| Decentralisation | 5.8 | section average, 7 of 8 measured |
| Censorship resistant (Source) | 0 | An authority can halt the chain or freeze funds: The core code carries a frozen-addresses list whose QU and shares are moved to a FROZEN_ESCROW identity at a set tick (transferFrozenAssetsToEscrow). source |
| No central team (Source) | 0 | A central team directs it: The core node is developed in the qubic/core repository by the Qubic core team led by Come-from-Beyond, under the Anti-Military License rather than an OSI-approved licence. source |
| Who can mint (Source) | 1.4 | Other: 1.4 of 10 on the ladder of who produces blocks |
| Nodes (Source) | 9.4 | 676 reachable nodes (source: Protocol-fixed) |
| 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. Qubic describes a fair launch (mainnet Apr 2022) with no pre-mine; all QUBIC comes from the weekly 1T emission to computors and miners (circulating about 145T of a 200T cap, CoinGecko, as supplied). source |
| Fundraising | 10 | No sale of the coin source |
| Developer share (after launch) | 9.6 | Developer share: about 4.4% of today's supply received so far; 1.8% of each new block reward goes to them today. Each weekly epoch mints 1T QUBIC to computors, with unpaid revenue going to the arbitrator key; a quorum-set revenue-donation table (GQMPROP) then diverts computor revenue: 8% to the Computor Controlled Fund (CCF, a computor-voted treasury) since epoch 129 (Oct 2024), 12.25% to Qearn (holder lock rewards) since epoch 137, and since epoch 227 first 77.5% to SupplyWatcher, which burns it. Applied in order, the CCF now gets 8% of the remaining 22.5% = 1.8% of gross emission (about 7.6% of the unburned part). Arithmetic: CCF ~0.99T x 8% x 98 epochs (129-226) + 9 later epochs at 1.8% = ~7.9T / 178.4T supply = ~4.4%. The arbitrator remainder (reportedly ~1% of emission) is not counted because its size was not established. source |
| Supply & Demand | 3.2 | group average |
| Supply & Demand (Source) | 6.3 | average of 6 measures |
| Exchanges (10 or more: 10) | 8 | 8 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 3.5 | $401,564 traded in 24 hours; #846 by volume on the exchanges the site reads (scored on the median day of the last 30, $575,176) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 5.8 | 0.80% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 5.8 | $32,576 within 2% of the price on 3 exchanges, 0.05% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 4.5 | $61M, 4.5 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 10 | no futures, options or margin on the exchanges read |
| Supply (smaller is better) | 0 | fixed maximum supply of 200 trillion |
| Record | 6.3 | group average |
| 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, 2026-10-18 | ✗ | Computors halted the network at tick 85,371,949 after an attacker drained about 2.94 trillion QU from 1,404 wallets with weak seeds, to stop stolen funds moving; ticks resumed around 20:00 on 2026-10-19 and a computor-approved recovery/claims process followed. |
| Age (years since genesis) (Source) | 2 | 2 full years since 2024-01-25, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 8 | 3 positive, 0 negative, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 779 commits in 12 of the last 12 months (github.com/qubic/core); qubic/core v1.309.0, released 2026-10-21; weekly releases. |
| Shipped a security fix in two years, +1 | ✓ | qubic core v1.308.1-v1.308.2, Oct 2026: blocked solution re-publishing and froze vulnerable identities into escrow. |
| Shipped a new capability for users in two years, +1 | ✓ | qubic core v1.304.0, 9 Sep 2026: oracle reads from EVM blockchains; v1.309.0, Oct 2026: poll voting by sending QU to a contract. |
| Not yet researched | ||
| Shipped a scaling upgrade in two years | – | |
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.
146,246,726,558,361 of a maximum 200,000,000,000,000 QUBIC are in circulation — 73.1% of the total that will ever exist.
| Premine (allocated at launch) | 0% of today's supply |
|---|---|
| Developer share received since launch | 4.4% of today's supply |
| Developer share of new coins today | 1.8% |
| Nodes or validators | 676 |
| Fundraising | No sale and no investor round |
Qubic describes a fair launch (mainnet Apr 2022) with no pre-mine; all QUBIC comes from the weekly 1T emission to computors and miners (circulating about 145T of a 200T cap, CoinGecko, as supplied).
No ICO, presale or VC funding per Qubic's FAQ. Smart-contract 'IPOs' are Dutch auctions of contract shares in which the QUBIC spent is burned, not a fundraise for the coin.
Each weekly epoch mints 1T QUBIC to computors, with unpaid revenue going to the arbitrator key; a quorum-set revenue-donation table (GQMPROP) then diverts computor revenue: 8% to the Computor Controlled Fund (CCF, a computor-voted treasury) since epoch 129 (Oct 2024), 12.25% to Qearn (holder lock rewards) since epoch 137, and since epoch 227 first 77.5% to SupplyWatcher, which burns it. Applied in order, the CCF now gets 8% of the remaining 22.5% = 1.8% of gross emission (about 7.6% of the unburned part). Arithmetic: CCF ~0.99T x 8% x 98 epochs (129-226) + 9 later epochs at 1.8% = ~7.9T / 178.4T supply = ~4.4%. The arbitrator remainder (reportedly ~1% of emission) is not counted because its size was not established.
Sources: github.com · github.com · rpc.qubic.org · qubic.org · altfins.com · qubic.org. 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.
Qubic is #75 among cryptocurrencies and #394 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 319 places between Qubic'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).