SongCoin ranks #406 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #5440: 5034 of the 5439 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.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #406 |
| Rank counting claims | #5440 |
| Price | $0.000983 |
| Circulating supply | 0 SONG |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Work |
| Consensus mechanism | Scrypt |
| Own hashrate | — |
| Network purpose | 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. SongCoin'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) | 6.5 | group average, 9 of 13 measured |
| Sound Money Qualities (6 checks) | 8 | 4 of 5 points, 1 not yet measured source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | – | |
| Durability: five years or more with no halt, freeze or reversal | ✓ | 11 full years 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 | ✓ | 8 decimal places, the smallest unit worth $9.8e-12 |
| Portability: fees of a cent or less and capacity for real demand | ✗ | about 37 transactions a second (3.1 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | ✓ | node software open source; light clients verify from headers or proofs |
| Privacy (5 checks) | 4 | 2 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | SongCoin's Bitcoin-derived node (Songcoin/Songcoin) has no identity rule: anyone generates keys and receives and sends the coin. |
| 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) | ✗ | SongCoin (Litecoin 0.8.7 base, last commit 2015): no Dandelion; Tor is only used if the operator runs and configures it. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Transparent Bitcoin-style amounts; no confidential transactions. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Transparent addresses and inputs; no ring signatures or stealth addresses. |
| Scalability (fees, throughput, block time, block space, features) | 5.2 | average of 4 parts source |
| 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) | 3.1 | about 37 simple transactions a second |
| Block time (10 minutes 10, less either side) | 7.5 | a block every 2 minutes |
| Block space per 10 minutes (32 MB or more 10) | 6.8 | 1 MB limit, 5 MB per 10 minutes |
| Features (3 checks) | 3.3 | 1 of 3 passed |
| Payments safe to accept within seconds | ✗ | Two-minute Litecoin-derived blocks with probabilistic confirmation; no protected zero-confirmation mechanism. |
| Pruned nodes: a full node can validate and drop old history | ✗ | SongCoin (Litecoin 0.8.7 base, last commit 2015) has no pruning mode; nodes keep every block. |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | SongCoin (Litecoin 0.8.7 base, last commit 2015) serves BIP37 Merkle proofs to SPV clients, which check the Scrypt proof of work in headers. |
| Security (miner pay and 7 checks) | — | 2 of 3 points, 6 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% | – | |
| Largest three under 75% | – | |
| More than one maintained client | ✗ | 0 |
| Node software is open source | ✓ | Single Songcoin repository; the coin was administered by the company Pimovi. |
| Real on-chain use: 1,000+ transactions a day | – | |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 1.1 | 1 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts: scripting for spending conditions | 1 | SongCoin runs Bitcoin-style Script limited to spending conditions (signatures, hash locks, multisig); no contract VM or token introspection. |
| Multisig and time locks | ✗ | OP_CHECKMULTISIG is present, but the Litecoin 0.8.7-based src/script.h has no OP_CHECKLOCKTIMEVERIFY or OP_CHECKSEQUENCEVERIFY (0xb1 is still OP_NOP2), so Script cannot enforce a time lock. |
| Atomic swaps with other chains | ✗ | Without a consensus-enforced CLTV or CSV, SongCoin Script cannot express the time-locked refund of an HTLC; only pre-signed nLockTime refunds, which pre-SegWit malleability makes unsafe. |
| An exchange built into the protocol | ✗ | No exchange or order book in the SongCoin consensus rules. |
| Cross-chain messaging the chain verifies itself | ✗ | SongCoin nodes verify no other chain; no protocol-level cross-chain messaging. |
| Non-fungible tokens | ✗ | No token or NFT type in the SongCoin consensus rules. |
| Decentralisation | 8 | section average, 5 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol key can freeze coins or halt the chain. source |
| No central team (Source) | 0 | A central team directs it: Single Songcoin repository; the coin was administered by the company Pimovi. 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) | — | GetBlockValue pays 4,204,800 SONG at block 1 (100 x 10,512,000 x 20 / 100 / 50), then 100 per 2-minute block halving every 1,051,200; that is 1.96% of the full ~214.4M schedule, but current supply is unknown, so no share is given. |
| 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. Apart from the block-1 pre-mine, the whole subsidy goes to the miner. source |
| Supply & Demand | 0 | group average, 1 of 2 measured |
| Supply & Demand (Source) | 0 | average of 1 measure |
| Exchanges (10 or more: 10) | 0 | no exchange the site reads trades it |
| Daily volume ($10K 0, $1B or more 10) | – | no volume reported |
| Turnover (volume ÷ market cap, 5% a day: 10) | – | not measured |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | – | not measured |
| Market cap ($1M 0, $10B or more 10) | – | not measured |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | – | not measured |
| Supply (smaller is better) | — | Supply not reported |
| Record | 6.7 | 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) | 10 | 11 full years since 2015-03-23, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 0 | 0 positive, 5 negative source |
| Negative | ||
| Steady work, 0 of 6 | ✗ | 0 commits in 0 of the last 12 months (github.com/Songcoin/Songcoin); Songcoin/Songcoin last commit 2015-06-13; no releases published. |
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2024-52914: crafted orphan transactions can stall the node for hours in the uninterruptible orphan-resolution loop; still in SongCoin HEAD. |
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2020-14198: misbehaving peers are auto-banned into an unbounded ban list, so many attacker addresses can exhaust CPU and memory; still in SongCoin HEAD. |
| Unfixed vulnerability, disclosed 2024-07-31, −1 | ✗ | CVE-2024-52919: addr-message spam can overflow the address manager's 32-bit id counter and crash the node, with no addr rate limit; still in SongCoin HEAD. |
| Unfixed vulnerability, disclosed 2024-09-18, −1 | ✗ | CVE-2019-25220: a long low-difficulty header chain can exhaust memory because the node has no headers pre-synchronisation; still in SongCoin HEAD. |
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.
0 SONG are in circulation, against no fixed cap — issuance has no defined end.
| Developer share received since launch | 0% of today's supply |
|---|---|
| Developer share of new coins today | 0% |
| Fundraising | No sale and no investor round |
GetBlockValue pays 4,204,800 SONG at block 1 (100 x 10,512,000 x 20 / 100 / 50), then 100 per 2-minute block halving every 1,051,200; that is 1.96% of the full ~214.4M schedule, but current supply is unknown, so no share is given.
No sale found. Songcoin was announced in February 2014 by US company Pimovi (CTO Kasian Franks), which said it would give coins away to put them into circulation; the GitHub chain's genesis is dated 2014-09-01 ('Songcoin Invest in Music').
Not established.
Apart from the block-1 pre-mine, the whole subsidy goes to the miner.
It is not certain that the Songcoin/Songcoin repository (genesis September 2014) is the exact chain CoinMarketCap tracks as SONG, though the 2-minute target matches. The README still carries Litecoin template text.
Sources: github.com · raw.githubusercontent.com · digitalmusicnews.com · spinmagazine.com. Researched 2026-10-26, low confidence.
No source we can reach publishes a hashrate for SongCoin.
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.
SongCoin is #406 among cryptocurrencies and #5440 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 5034 places between SongCoin'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).