Abelian (ABEL)
Abelian ranks #141 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #913: 772 of the 912 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 1171 non-native assets CoinSpectrum lists above it by market cap, about 58% are tokens, 33% are claims on other assets, 8% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #141 |
| Rank counting claims | #913 |
| Market capitalisation | $10M |
| Price | $0.0775 |
| Circulating supply | 124,479,488 ABEL |
| Maximum supply | 225,180,000 ABEL |
| Consensus family | Proof of Work |
| Consensus mechanism | Chameleon Hash PoW (post-quantum) |
| Own hashrate | 2.38 PH/s |
| Network purpose | Private payments |
| Ledger type | Single-asset ledger |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
Grade pending. What Abelian pays its miners is not yet measured. A grade is not given until it is, so that a coin is never rated higher for what is not yet known.
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 10 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 9.1 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 9 | fixed maximum supply of 225 million |
| Distribution | 9.3 | average of 2 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 8.5 | 15.4% of today's supply allocated at launch to founders, a company, a foundation or investors. Official tokenomics: 20.58M ABEL in the genesis block (9.14% of the 225.18M max), 'allocated for fundraising, community development, and marketing'. Current supply computed from the code schedule at height 566,517 (2026-10-26): 20.58M + 400,000 x 256 (era 1, 102.4M) + 166,517 x 64 (era 2, 10.66M) = 133.64M; 20.58 / 133.64 = 15.4%. source |
| Fundraising (share sold) (Source) | – | Launch not yet researched |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. CalcBlockSubsidy (blockchain/validate.go) pays the whole subsidy (256 ABEL in era 1, 64 ABEL from block 400,000 under AIP0012, halving every 800,000 blocks) to the miner; no developer or foundation output was found. source |
| Decentralisation | 6.7 | average of 3 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No party can freeze or claw back ABEL. source |
| No central team (Source) | 0 | A central team directs it: abec (ISC, a btcd fork in the pqabelian organisation) is developed by the Abelian Foundation's team, which sets the roadmap. source |
| Who can mint (Source) | 10 | Open to anyone with hardware: anyone can produce blocks by mining, no permission needed |
| Nodes (Source) | – | Not yet counted |
| Security | 6.4 | 4.5 of 7 points, 1 not yet measured source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 9.4 | largest 22%, largest three 52% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 0 | about 180 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | – | its power not yet measured: no reference machine and no miner pay |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 6 | one client, latest version Mar 2025, within 24 months |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | — | too few measures yet 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; 121, the median of the ten busiest, 5) | – | not yet measured |
| Block time (10 minutes 10, less either side) | 8.3 | a block every 3.3 minutes |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | – | not yet measured |
| Features (3 checks) | 0 | 0 of 1 passed, 2 not yet researched |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✗ | Blocks are about 4.7 minutes apart, and the btcd-derived abec mempool accepts opt-in replace-by-fee, so zero-confirmation is unprotected. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | – | Not established. |
| Light clients (Payments verified from headers · Whitepaper §8) | – | Not established. |
| Privacy | 8.7 | 8.7 of 10: whitepaper privacy 7 of 7, extra features 1.7 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Anyone can create keys and receive and send coins; the protocol carries no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 10 | Coins are separate unspent outputs: a payment spends whole outputs and sends the change to a new address, so the coins in one wallet need not share a history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 5 | Lattice-based (post-quantum) confidential transactions hide amounts for fully private wallets (mainnet since 2022). Optional: 5 of 10. |
| Hidden parties (Sender and receiver hidden) | 5 | Ring signatures hide the sender and one-time addresses hide the receiver in fully private transactions. Optional: 5 of 10. |
| Network privacy (Origin hidden by default) | 0 | btcd-derived abec node has no Dandelion or built-in Tor. |
| Programmability | 0 | 0 of 8 points, 1 not yet researched source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts | 0 | Post-quantum lattice-based UTXO transactions with no scripting on the base layer; smart contracts are left to the separate QDay Layer 2. |
| Multisig and time locks (Without a third party) | ✗ | No multisig or time-lock feature is documented for the base layer. |
| Atomic swaps (With other chains) | ✗ | No hash-lock or time-lock feature is documented; a token swap is only on the roadmap. |
| Native DEX (Trades the coin itself, not a claim) | ✗ | No DEX found trading the coin itself: none on its own chain (DefiLlama), and not on THORChain, Maya, Chainflip, Komodo DeFi, BasicSwap, Bisq or Haveno (checked 2026-11-04). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No cross-chain feature documented. |
| NFTs (Carried by the chain's rules) | – | Not established: the Abelian User Token (AUT) is described as able to issue NFTs, but no source shows it validated in mainnet consensus. |
| Demand | 3 | average of 6 measures |
| Exchanges (10 or more: 10) | 1 | 1 exchange |
| Daily volume ($10K 0, $1B or more 10) | 0.9 | $33,328 traded in 24 hours; #2217 by volume on the exchanges the site reads (scored on the median day of the last 30, $26,652) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 2.5 | 0.19% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | – | no order book on the nine exchanges read |
| Market cap ($1M 0, $10B or more 10) | 2.5 | $9.6M, 2.5 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 |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | its own node and wallet, counted as 1: no wallet in the site's directory lists it yet |
| Record | 5 | average of 3 criteria |
| Age (years since genesis) (Source) | 2 | 2 full years since 2023-12-05, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 3 | 1 positive, 0 negative, 4 not yet researched source |
| Positive | ||
| Steady work, 3 of 6 | ✓ | 400 commits in 6 of the last 12 months (github.com/pqabelian/abec); abec v2.0.0 (2025-03-19) and v2.0.1 (2025-03-29) are the only releases in 24 months. |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a privacy improvement in two years | – | |
| Shipped a scaling upgrade in two years | – | |
| Shipped a new capability for users in two years | – | |
| Conduct (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 | ✓ | |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts 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.
Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Epic Private Internet Cash EPICA
Firo FIROA
Groestlcoin GRS
Komodo KMDAAll Proof of Work chains →Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
TRON TRXA
Hyperliquid HYPEB
Cardano ADAA
NEAR Protocol NEARAAll Proof of Stake chains →Supply
124,479,488 of a maximum 225,180,000 ABEL are in circulation — 55.3% of the total that will ever exist.
Launch and allocation
| Premine (allocated at launch) | 15.4% of today's supply |
|---|---|
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
Official tokenomics: 20.58M ABEL in the genesis block (9.14% of the 225.18M max), 'allocated for fundraising, community development, and marketing'. Current supply computed from the code schedule at height 566,517 (2026-10-26): 20.58M + 400,000 x 256 (era 1, 102.4M) + 166,517 x 64 (era 2, 10.66M) = 133.64M; 20.58 / 133.64 = 15.4%.
Genesis tokens were earmarked for 'fundraising' per the official tokenomics page, but no round, amount or investor is documented.
The genesis allocation is stated to be partly for fundraising, but no sale size, price or buyer is published.
CalcBlockSubsidy (blockchain/validate.go) pays the whole subsidy (256 ABEL in era 1, 64 ABEL from block 400,000 under AIP0012, halving every 800,000 blocks) to the miner; no developer or foundation output was found.
Genesis output amounts are hidden (privacy), so the 20.58M figure rests on the project's own tokenomics page. Target block time is 256 s in chaincfg/params.go, not 200 s. CoinDesk lists 144.13M circulating, which does not match the code schedule (133.6M); the code-derived figure is used.
Sources: community.pqabelian.io · github.com · github.com · api.pqabelian.io · coindesk.com · github.com. Researched 2026-10-26, medium confidence.
The work behind it
Abelian is secured by 2.38 PH/s of its own work. Hashrate does not compare across algorithms — a SHA-256 hash and a Scrypt hash cost different amounts to produce.
What a regulator has said
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.
How CoinSpectrum ranks Abelian
Abelian is #141 among cryptocurrencies and #913 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 772 places between Abelian'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).