Thought ranks #365 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #5202: 4837 of the 5201 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 | #365 |
| Rank counting claims | #5202 |
| Price | $0.00655 |
| Circulating supply | 0 THT |
| Maximum supply | 1,618,033,988 THT |
| Consensus family | Proof of Work |
| Consensus mechanism | Cuckoo Cycle (cuckoo24) |
| Own hashrate | — |
| 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. Thought'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) | 6.4 | group average, 9 of 13 measured |
| Sound Money Qualities (6 checks) | 8.2 | 4.9 of 6 points source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 8.8 | fixed maximum supply of 1.62 billion: supply scale 7.5, cap 10 |
| Durability: five years or more with no halt, freeze or reversal | ✗ | 4 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 $6.5e-11 |
| Portability: fees of a cent or less and capacity for real demand | ✓ | typical fee $2e-8; about 182 transactions a second (5.7 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 | ✓ | Thought's Bitcoin-derived node (thoughtnetwork/thought) 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) | ✗ | Thought Core (Dash 0.13-based, unreleased master): 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) | 8.5 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $2e-8 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 5.7 | about 182 simple transactions a second |
| Block time (10 minutes 10, less either side) | 7.1 | a block every 1.6 minutes |
| Block space per 10 minutes (32 MB or more 10) | 9.6 | 4 MB limit, 24.8 MB per 10 minutes |
| Features (3 checks) | 10 | 3 of 3 passed |
| Payments safe to accept within seconds | ✓ | Dash-0.12-derived code with masternode InstantSend (SPORK_2_INSTANTSEND_ENABLED on by default), which locks inputs within seconds; whether enough masternodes still run to serve locks was not verified. |
| Pruned nodes: a full node can validate and drop old history | ✓ | Thought Core (Dash 0.13-based, unreleased master): -prune keeps the UTXO set and recent blocks. |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | Thought Core (Dash 0.13-based, unreleased master) serves BIP37 Merkle proofs to SPV clients, which check the Cuckoo Cycle 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 | ✗ | 1 |
| Node software is open source | ✓ | Thought Network / ThoughtAI controls the single repository github.com/thoughtnetwork/thought (MIT licence per README). |
| Real on-chain use: 1,000+ transactions a day | – | |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 3.3 | 3 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts: scripting for spending conditions | 1 | Thought runs Bitcoin-style Script limited to spending conditions (signatures, hash locks, multisig); no contract VM or token introspection. |
| Multisig and time locks | ✓ | OP_CHECKMULTISIG plus CLTV enforced from genesis (BIP65Height = 0 in Thought chainparams); CSV is a 2019 BIP9 deployment. |
| Atomic swaps with other chains | ✓ | HTLCs built from Script hash locks (OP_SHA256/OP_HASH160) with a CLTV refund branch are standard Script, so cross-chain hash-locked swaps work on Thought. |
| An exchange built into the protocol | ✗ | No exchange or order book in the Thought consensus rules. |
| Cross-chain messaging the chain verifies itself | ✗ | Thought nodes verify no other chain; no protocol-level cross-chain messaging. |
| Non-fungible tokens | ✗ | No token or NFT type in the Thought consensus rules. |
| Decentralisation | 6.7 | section average, 5 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No coin-freeze function; the Dash-style spork key held by the developers can switch network features on or off but cannot freeze balances. source |
| No central team (Source) | 0 | A central team directs it: Thought Network / ThoughtAI controls the single repository github.com/thoughtnetwork/thought (MIT licence per README). 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) | 3.3 | 66.9% of today's supply allocated at launch to founders, a company, a foundation or investors. GetBlockSubsidy in thoughtnetwork/thought pays 809,016,994 THT at block 1 ('Special case for the first block allows premine'), half the 1,618,033,988 cap; against CoinMarketCap's ~1.21B total supply that is 66.9% (57% against FXEmpire's 1.42B, so the range is 57-67%). 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. Superblocks (the Dash-style treasury) are set to start at height 20,000,000 ('approx never') and SPORK_9_SUPERBLOCKS_ENABLED is off by default; the block reward is split between miners and masternodes, and masternode rewards are not a cut. source |
| Supply & Demand | 3.8 | group average |
| Supply & Demand (Source) | 0 | average of 2 measures |
| Exchanges (10 or more: 10) | 0 | no exchange the site reads trades it |
| Daily volume ($10K 0, $1B or more 10) | 0 | $55 traded in 24 hours; #3862 by volume |
| 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) | 7.5 | fixed maximum supply of 1.62 billion |
| Record | 4.7 | 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) | 4 | 4 full years since 2022-03-21, 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, 6 negative source |
| Negative | ||
| Steady work, 0 of 6 | ✗ | 0 commits in 0 of the last 12 months (github.com/thoughtnetwork/thought); thoughtnetwork/thought has no GitHub releases or tags; the latest commit is 'Ignore vscode files.' on 2025-07-23, and no release has been published in 24 months. |
| 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 Thought 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 Thought 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 Thought 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 Thought HEAD. |
| Unfixed vulnerability, disclosed 2024-10-08, −1 | ✗ | CVE-2024-35202: a crafted blocktxn message trips the assert in compact-block reconstruction and crashes the node; still in Thought 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 of a maximum 1,618,033,988 THT are in circulation — 0.0% of the total that will ever exist.
| Premine (allocated at launch) | 66.9% of today's supply |
|---|---|
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
GetBlockSubsidy in thoughtnetwork/thought pays 809,016,994 THT at block 1 ('Special case for the first block allows premine'), half the 1,618,033,988 cap; against CoinMarketCap's ~1.21B total supply that is 66.9% (57% against FXEmpire's 1.42B, so the range is 57-67%).
No ICO or public sale found; the use of the 809M premine is undocumented.
How much of the block-1 premine was sold or distributed is not documented in sources found.
Superblocks (the Dash-style treasury) are set to start at height 20,000,000 ('approx never') and SPORK_9_SUPERBLOCKS_ENABLED is off by default; the block reward is split between miners and masternodes, and masternode rewards are not a cut.
Half the hard cap was premined in block 1. No explorer was found to confirm current height, supply or activity.
Sources: raw.githubusercontent.com · raw.githubusercontent.com · raw.githubusercontent.com · github.com · thought.live. Researched 2026-10-26, low confidence.
No source we can reach publishes a hashrate for Thought.
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.
Thought is #365 among cryptocurrencies and #5202 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 4837 places between Thought'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).