MinoTari (Tari L1) ranks #335 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #4445: 4110 of the 4444 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 | C · 61/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #335 |
| Rank counting claims | #4445 |
| Price | $0.000952 |
| Circulating supply | 0 XTM |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Work |
| Consensus mechanism | Multi-algo: RandomX (merge-mined + solo), SHA3x, Cuckaroo29 |
| Own hashrate | 21 kH/s |
| Network purpose | Payments |
| Ledger type | Single-asset ledger |
| Launch distribution | Presale |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
C — 61 out of 100, provisional (from 17 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 50 to 67 (D to B).
| 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) | 5.9 | group average, 11 of 13 measured |
| Sound Money Qualities (6 checks) | 6 | 3 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 | ✗ | 1 full year 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 | ✓ | 6 decimal places, the smallest unit worth $9.5e-10 |
| Portability: fees of a cent or less and capacity for real demand | ✗ | typical fee $7e-7; about 6 transactions a second (0 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; pruned nodes validate everything |
| Privacy (5 checks) | 6 | 3 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Outputs are locked by keys and TariScript that anyone creates; no identity rule. |
| 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) | ✗ | Minotari base node default transport is tcp_tor (both, prefer TCP); Tor-only is an opt-in setting, and there is no Dandelion. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✓ | Mimblewimble confidential transactions since the May 2025 mainnet launch hide every amount. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | One-sided stealth payments hide the receiver, but senders' inputs are not hidden by ring signatures or ZK proofs. |
| Scalability (fees, throughput, block time, block space, features) | 5.6 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $7e-7 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 0 | about 5.8 simple transactions a second |
| Block time (10 minutes 10, less either side) | 7.5 | a block every 2.1 minutes |
| Block space per 10 minutes (32 MB or more 10) | 7.3 | 1.44 MB limit (converted from its gas, compute, mass or count limit), 6.93 MB per 10 minutes |
| Features (3 checks) | 3.3 | 1 of 3 passed |
| Payments safe to accept within seconds | ✗ | Two-minute blocks across four PoW algorithms with probabilistic confirmation; no instant locks. |
| Pruned nodes: a full node can validate and drop old history | ✓ | Minotari base node supports pruned mode (pruning_horizon in [base_node.storage]). |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | Wallets scan through a trusted base node; there is no SPV-style proof protocol. |
| Security (miner pay and 7 checks) | 5.7 | 4.4 of 7 points, 2 not yet measured source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | 2.1 | about $6,874 a day |
| 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 | ✓ | The minotari node is developed in tari-project/tari (BSD-3-Clause), mainly by Tari Labs staff, who set the release and hard-fork schedule. |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 9,100 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 | TariScript on the Minotari base layer: a stack script of spending conditions (signatures, hashes, heights, multisig), with no contract VM; contracts are left to the Ootle layer. |
| Multisig and time locks | ✓ | TariScript opcodes CheckMultiSig / CheckMultiSigVerify (m-of-n) and CheckHeightVerify / CompareHeightVerify (height locks). |
| Atomic swaps with other chains | ✓ | TariScript was built for HTLCs; the console wallet has started, claimed and refunded SHA-256-preimage HTLC swaps since version 0.21.2. |
| An exchange built into the protocol | ✗ | No exchange in the Minotari base-layer rules. |
| Cross-chain messaging the chain verifies itself | ✗ | Merge mining with Monero shares proof of work, not messages; no protocol-level cross-chain messaging. |
| Non-fungible tokens | ✗ | The base layer only accounts for the native coin; digital assets are designed for the Ootle second layer. |
| Decentralisation | 6.4 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol-level party can freeze or claw back ordinary users' XTM; only the pre-mine tranches carry time-locks. source |
| No central team (Source) | 0 | A central team directs it: The minotari node is developed in tari-project/tari (BSD-3-Clause), mainly by Tari Labs staff, who set the release and hard-fork schedule. 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) | 4.1 | 58.6% of today's supply allocated at launch to founders, a company, a foundation or investors. The mainnet genesis (May 2025) holds a 6.3B XTM pre-mine (30% of the 21B main emission): protocol 1.89B, community 1.05B, contributors 0.84B and participants 2.52B, released on vesting time-locks. Miners have received ~4.45B since then (coinbase decayed exponentially from 13,952.9 XTM at block 1 to 10,046.1 at block 373,738). 6.3B / ~10.75B = 58.6%. source |
| Fundraising | 4.1 | Sold by its issuer or insiders: 58.6% of supply was theirs to sell. Not established: Tari Labs raised venture money in 2017-18 and held no ICO, and the code does not show whether any pre-mine tranche went to investors. Tari Labs raised seed venture funding in 2017-2018 (reported backers include Redpoint, Trinity Ventures, Canaan Partners, Slow Ventures and Aspect Ventures); the team said there would be no ICO. Amounts are not published. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. The block reward goes entirely to the miner of each of the four proof-of-work algorithms; development is funded from the pre-mine's protocol and contributor tranches, not from issuance. source |
| Supply & Demand | 0.5 | group average, 1 of 2 measured |
| Supply & Demand (Source) | 0.5 | average of 2 measures |
| Exchanges (10 or more: 10) | 1 | 1 exchange |
| Daily volume ($10K 0, $1B or more 10) | 0 | $32,378 traded in 24 hours; #2719 by volume on the exchanges the site reads (scored on the median day of the last 2, $7,485) |
| 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 | 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) | 1 | 1 full year since 2025-05-20, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 7 | 2 positive, 0 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 488 commits in 12 of the last 12 months (github.com/tari-project/tari); tari-project/tari v6.2.0, 19 Oct 2026; v6.0.1, v6.1.0 and v6.2.0 shipped in October 2026 alone. |
| Shipped a security fix in two years, +1 | ✓ | Mainnet hard fork at height 350,000 (about Sep 2026, v6.x) fixed GHSA-3qmx-q9pv-f3m4 (Cuckaroo cycle verification, RandomXT pow_data, Merkle-parameter decoding and Monero coinbase checks). |
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 XTM are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 58.6% of today's supply |
|---|---|
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Private or venture funding |
The mainnet genesis (May 2025) holds a 6.3B XTM pre-mine (30% of the 21B main emission): protocol 1.89B, community 1.05B, contributors 0.84B and participants 2.52B, released on vesting time-locks. Miners have received ~4.45B since then (coinbase decayed exponentially from 13,952.9 XTM at block 1 to 10,046.1 at block 373,738). 6.3B / ~10.75B = 58.6%.
Tari Labs raised seed venture funding in 2017-2018 (reported backers include Redpoint, Trinity Ventures, Canaan Partners, Slow Ventures and Aspect Ventures); the team said there would be no ICO. Amounts are not published.
Not established: Tari Labs raised venture money in 2017-18 and held no ICO, and the code does not show whether any pre-mine tranche went to investors.
The block reward goes entirely to the miner of each of the four proof-of-work algorithms; development is funded from the pre-mine's protocol and contributor tranches, not from issuance.
Mainnet launched 6 May 2025. MEXC suspended XTM deposits and withdrawals on 11 Nov 2025 at the project's request, without a stated reason; no chain halt or reorg was documented. The merge-mined quarter of blocks depends on Monero pools, which in 2025 faced Qubic's majority-hashrate campaign.
Sources: github.com · github.com · textexplore.tari.com · tari.substack.com · crypto.news. Researched 2026-10-26, medium confidence.
MinoTari (Tari L1) is secured by 21 kH/s of its own work. Hashrate does not compare across algorithms — a SHA-256 hash and a Scrypt hash cost different amounts to produce.
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.
MinoTari (Tari L1) is #335 among cryptocurrencies and #4445 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 4110 places between MinoTari (Tari L1)'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).