Syscoin ranks #208 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1637: 1429 of the 1636 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 1879 non-native assets CoinSpectrum lists above it by market cap, about 76% are tokens, 19% are claims on other assets and 5% are memecoins.
| CoinSpectrum Grade | B · 66/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #208 |
| Rank counting claims | #1637 |
| Market capitalisation | $2M |
| Price | $0.00217 |
| Circulating supply | 922,634,996 SYS |
| Maximum supply | no fixed cap |
| Consensus family | Hybrid |
| Consensus mechanism | SHA-256 PoW (merge-mined with BTC) + PoS masternodes |
| Own hashrate | — |
| Ledger type | Multi-asset ledger |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
B — 66 out of 100, provisional (from 18 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 59 to 70 (C to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 4.5 | group average |
| Consensus: leader ladder | 4.5 | Hybrid: 4.5 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 4.5 | Hybrid: 4.5 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 6.2 | group average, 11 of 13 measured |
| Sound Money Qualities (6 checks) | 7.3 | 4.4 of 6 points source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 3.9 | no fixed maximum; 923 million in circulation: supply scale 7.8, cap 0 |
| Durability: five years or more with no halt, freeze or reversal | ✓ | 12 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 $2.2e-11 |
| Portability: fees of a cent or less and capacity for real demand | ✗ | typical fee $4e-9; about 47 transactions a second (3.5 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 | ✓ | Addresses are hashes of keys users generate themselves; the node checks scripts and signatures, with no identity condition in its consensus 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) | ✗ | Bitcoin-derived node relays its own transactions over clearnet by default; Tor (-proxy/-onion) needs user setup and there is no Dandelion. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Transparent UTXO amounts; no confidential-transaction or shielded feature. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Transparent addresses; no ring signatures, ZK proofs or stealth addresses. |
| Scalability (fees, throughput, block time, block space, features) | 7.4 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $4e-9 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 3.5 | about 47 simple transactions a second |
| Block time (10 minutes 10, less either side) | 7.8 | a block every 2.5 minutes |
| Block space per 10 minutes (32 MB or more 10) | 8.8 | 4 MB limit, 16 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Payments safe to accept within seconds | ✗ | Bitcoin Core-derived node that accepts BIP125 opt-in replace-by-fee by default; masternode ChainLocks guard blocks against reorgs, but there is no InstantSend lock for unconfirmed payments; blocks are 150 s. |
| Pruned nodes: a full node can validate and drop old history | ✓ | Syscoin 5.1.2 keeps Bitcoin Core's -prune for non-masternode nodes (masternodes must run unpruned). |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | Bitcoin Core-based node serves BIP37 merkleblocks and BIP157 compact block filters (-peerblockfilters). |
| Security (miner pay and 7 checks) | 3.9 | 3 of 7 points, 2 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 | ✗ | merge-mined: its blocks are found by another chain's miners |
| Largest pool or validator under 50% | ✓ | 41.6% |
| Largest three under 75% | ✗ | 91.2% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | The Syscoin Foundation (with Blockchain Foundry; lead developer Jagdeep Sidhu) maintains Syscoin Core in the syscoin GitHub organisation; MIT licence. |
| Real on-chain use: 1,000+ transactions a day | ✗ | about 150 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 NEVM, the EVM every Syscoin full node runs alongside the UTXO chain since 2021, open to any account; Syscoin Platform Tokens carry assets on the UTXO side. |
| Smart contracts: a general-purpose contract system | 2 | NEVM, the EVM every Syscoin full node runs alongside the UTXO chain since 2021 (chain ID 57), open to any account. |
| Multisig and time locks | ✓ | OP_CHECKMULTISIG, OP_CHECKLOCKTIMEVERIFY and OP_CHECKSEQUENCEVERIFY on the UTXO side, and EVM contracts on NEVM. |
| Atomic swaps with other chains | ✓ | UTXO Script can express HTLCs, as can NEVM contracts. |
| An exchange built into the protocol | ✗ | No exchange in the protocol; DEXs are NEVM contracts. |
| Cross-chain messaging the chain verifies itself | ✗ | The SYSX bridge moves value between Syscoin's own UTXO chain and NEVM; no protocol messaging to other blockchains. |
| Non-fungible tokens | ✓ | ERC-721 contracts on NEVM. |
| Decentralisation | 6.4 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol key can freeze native SYS; masternode ChainLocks finalise blocks but cannot freeze coins. Asset (SPT) issuer controls apply only to tokens. source |
| No central team (Source) | 0 | A central team directs it: The Syscoin Foundation (with Blockchain Foundry; lead developer Jagdeep Sidhu) maintains Syscoin Core in the syscoin GitHub organisation; MIT licence. source |
| Who can mint (Source) | 7.1 | Hybrid: 7.1 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 6.1 | 39.5% of today's supply allocated at launch to founders, a company, a foundation or investors. Lower bound. Per Messari, 364M SYS were created at the Syscoin V1 mainnet launch (Aug 2014) and distributed mainly to crowdsale and presale participants, with 65M for core team funding and integrations and 35M for future VC or private rounds also listed. 364M / ~922M current = 39.5%. If the 100M team and VC amounts sit outside the 364M, the figure is ~50%. The masternode-voted governance superblock share of block rewards is not counted. source |
| Fundraising | 6.1 | Sold by its issuer or insiders: 39.5% of supply was theirs to sell, 31.8% sold so far. The July-August 2014 presale (0.00000465 BTC/SYS) and crowdsale (0.00000518 BTC/SYS) raised ~1,500 BTC, implying ~290M-322M SYS. Messari's 364M V1 launch supply less the 100M listed for team and future VC gives ~264M. Range 264M-322M / ~922M current supply = 28.6%-34.9%; midpoint 31.8%. 2014 crowdsale/presale raised ~1,500 BTC (ICO Drops: $782K, ended 2014-08-16), of which 750 BTC was stolen by the escrow agent. One source says 15% of initial supply was sold, conflicting with Messari's 'primarily to presale participants'. source |
| Developer share (after launch) | 8.9 | Developer share: about 11% of today's supply received so far; 70% of each new block reward goes to them today. A masternode-voted governance (superblock) budget is minted on top of the miner/masternode coinbase: Syscoin 4 started at 1.5M SYS/month in June 2019 (avg ~912K over two years), fell to ~151.8K/month from mid-2021, and since Syscoin 5 a dynamic budget has risen to 4.35-5M SYS/month (from ~mid-2025). Today the 4.35M superblock against ~1.6-1.9M/month of block rewards is ~70% of issuance. Arithmetic: superblock coinbase minus a normal block's coinbase, summed over every superblock height via Blockbook (43,800-block cycle before NEVM block 1,317,500, then 17,520), is 101.0M SYS / 922.4M = 11.0%; Syscoin 3 (2018-19) payouts inside the block-1 snapshot are not included, so this is a lower bound. source |
| Supply & Demand | 6.1 | group average |
| Supply & Demand (Source) | 4.4 | average of 6 measures |
| Exchanges (10 or more: 10) | 2 | 2 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 1.8 | $1,598 traded in 24 hours; #1673 by volume on the exchanges the site reads (scored on the median day of the last 30, $81,897) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.7 | 4.3% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 1.8 | $71 within 2% of the price on 1 exchange, 0.00% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 0.8 | $2.0M, 0.8 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) | 7.8 | no fixed maximum; 923 million in circulation |
| Record | 9.7 | 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 | 12 full years since 2014-08-20, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 9 | 4 positive, 0 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 691 commits in 9 of the last 12 months (github.com/syscoin/syscoin); Syscoin Core v5.0.0 (Nexus, 2025-04) through v5.0.5 (2025-07-23) and the 'Liberty' releases of August 2026; nodes report /Satoshi:5.1.2/. |
| Shipped a security fix in two years, +1 | ✓ | Syscoin 5.1.0 'Liberty', Jul 2026: tightened bridge proof, receipt and amount validation; 5.1.1–5.1.2 (Aug–Sep 2026) LLMQ/governance message resource-limit hardening. |
| Shipped a scaling upgrade in two years, +1 | ✓ | Syscoin v5.0.3, May 2025: NEVM default block gas limit raised from 8M to 16M. |
| Shipped a new capability for users in two years, +1 | ✓ | Syscoin 5.0.0 Nexus, Apr 2025 (block 2,010,345) and 5.1.0 Liberty, Jul 2026: Liberty EVM instruction set and Bridge V2 on NEVM. |
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.
922,634,996 SYS are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 39.5% of today's supply |
|---|---|
| Sold by the issuer or insiders | 31.8% of today's supply |
| Developer share received since launch | 11% of today's supply |
| Developer share of new coins today | 70% |
| Fundraising | Public sale |
Lower bound. Per Messari, 364M SYS were created at the Syscoin V1 mainnet launch (Aug 2014) and distributed mainly to crowdsale and presale participants, with 65M for core team funding and integrations and 35M for future VC or private rounds also listed. 364M / ~922M current = 39.5%. If the 100M team and VC amounts sit outside the 364M, the figure is ~50%. The masternode-voted governance superblock share of block rewards is not counted.
2014 crowdsale/presale raised ~1,500 BTC (ICO Drops: $782K, ended 2014-08-16), of which 750 BTC was stolen by the escrow agent. One source says 15% of initial supply was sold, conflicting with Messari's 'primarily to presale participants'.
The July-August 2014 presale (0.00000465 BTC/SYS) and crowdsale (0.00000518 BTC/SYS) raised ~1,500 BTC, implying ~290M-322M SYS. Messari's 364M V1 launch supply less the 100M listed for team and future VC gives ~264M. Range 264M-322M / ~922M current supply = 28.6%-34.9%; midpoint 31.8%.
A masternode-voted governance (superblock) budget is minted on top of the miner/masternode coinbase: Syscoin 4 started at 1.5M SYS/month in June 2019 (avg ~912K over two years), fell to ~151.8K/month from mid-2021, and since Syscoin 5 a dynamic budget has risen to 4.35-5M SYS/month (from ~mid-2025). Today the 4.35M superblock against ~1.6-1.9M/month of block rewards is ~70% of issuance. Arithmetic: superblock coinbase minus a normal block's coinbase, summed over every superblock height via Blockbook (43,800-block cycle before NEVM block 1,317,500, then 17,520), is 101.0M SYS / 922.4M = 11.0%; Syscoin 3 (2018-19) payouts inside the block-1 snapshot are not included, so this is a lower bound.
The sources conflict on how much of the 364M was sold versus kept, so soldPct is left null. The current supply figure is the site's (~922M); CoinPaprika shows 799M.
Sources: icodrops.com · messari.io · crypto.com · github.com · blockbook.syscoin.org · syscoin.org. Researched 2026-10-24, low confidence.
No source we can reach publishes a hashrate for Syscoin.
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.
Syscoin is #208 among cryptocurrencies and #1637 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 1429 places between Syscoin'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).