Electra Protocol (XEP)
Electra Protocol ranks #213 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1682: 1469 of the 1681 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 1956 non-native assets CoinSpectrum lists above it by market cap, about 61% are tokens, 32% are claims on other assets, 5% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A · 64/100 · provisional, B to A |
|---|---|
| Rank among cryptocurrencies | #213 |
| Rank counting claims | #1682 |
| Market capitalisation | $2M |
| Price | $0.0000843 |
| Circulating supply | 18,430,559,068 XEP |
| Maximum supply | 30,000,000,560 XEP |
| Consensus family | Proof of Stake |
| Consensus mechanism | Delta PoSV (X11) |
| Network purpose | Payments |
| Ledger type | Single-asset ledger |
| Launch distribution | Premine |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A — 64 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 59 to 65 (B to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 9.1 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 7 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 6.7 | fixed maximum supply of 30 billion |
| Distribution | 6.7 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 0 | 100% of today's supply allocated at launch to founders, a company, a foundation or investors. Genesis (2020-12-29) premined 30B XEP in five outputs (27B + 1.5B + 3 x 0.5B), equal to the 30B soft cap (MAX_MONEY). Later PoW/PoS rewards are capped at a trickle, so about 100% of supply is the premine. source |
| Fundraising (share sold) (Source) | 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. XEP-Core contains a 10% treasury split (nTreasuryRewardPercentage = 10), but on mainnet both nTreasuryPaymentsStartBlock and nBudgetPaymentsStartBlock are set to the maximum integer, so it never activates. The small PoW (1 XEP) and 3% PoS rewards go to block producers. source |
| Decentralisation | 6.2 | average of 4 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No protocol party can freeze, blacklist or claw back XEP or halt the chain; it is plain Bitcoin-style proof of stake. source |
| No central team (Source) | 0 | A central team directs it: XEP Core (MIT) lives in the ElectraProtocol GitHub organisation and is maintained by the Electra Protocol core team backed by the Electra Foundation. source |
| Who can mint (Source) | 7 | Gated by stake: any holder with enough stake can validate: access bought with coins |
| Nodes (Source) | 7.9 | 229 reachable nodes (source: Peers) |
| Security | 5.8 | 4.6 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 4.7%, largest three 12% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 0 | about 20 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | not mined: another consensus, 1 |
| 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) | 5 | one client, no new version in 24 months (latest Mar 2024) |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 7.7 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $3e-8 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 8.3 | about 886 simple transactions a second |
| Block time (10 minutes 10, less either side) | 6.9 | a block every 1.3 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) | 10 | 40 MB limit, 300 MB per 10 minutes |
| Features (3 checks) | 3.3 | 1 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✗ | XEP Core is a Bitcoin Core 0.21-era fork that accepts BIP125 opt-in replace-by-fee in the mempool and has no double-spend proofs or instant locks; blocks arrive about every 86 s. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | XEP Core v1.0.5.0 keeps Bitcoin Core's -prune. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | Electra Protocol is proof of stake, so Bitcoin-style SPV cannot check the stake behind its headers, and no shipped light client verifies it; light wallets trust a server. |
| Privacy | 7 | 7 of 10: whitepaper privacy 7 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Addresses are hashes of keys users generate themselves; the node checks scripts and signatures, with no identity condition in its consensus rules. |
| 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) | 0 | Transparent UTXO amounts; no confidential-transaction or shielded feature. |
| Hidden parties (Sender and receiver hidden) | 0 | Transparent addresses; no ring signatures, ZK proofs or stealth addresses. |
| Network privacy (Origin hidden by default) | 0 | Bitcoin-derived node relays its own transactions over clearnet by default; Tor (-proxy/-onion) needs user setup and there is no Dandelion. |
| Programmability | 5.6 | 5 of 9 points source |
| Token issuance (Through a metaprotocol) | 1 | OmniXEP: read by indexers, not validated by the chain's nodes |
| Smart contracts (Scripting for spending conditions) | 1 | Bitcoin Core-derived Script with spending conditions only; Solidity contracts are announced but not live. |
| Multisig and time locks (Without a third party) | ✓ | OP_CHECKMULTISIG, OP_CHECKLOCKTIMEVERIFY and OP_CHECKSEQUENCEVERIFY in XEP-Core's script interpreter. |
| Atomic swaps (With other chains) | ✓ | Script can express HTLCs (hash check plus CLTV/CSV refund). |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: Komodo DeFi. |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No cross-chain feature in the protocol. |
| NFTs (Carried by the chain's rules) | ✗ | No token type in the protocol; OmniXEP tokens are a metaprotocol read by its own software. |
| Demand | 3.6 | average of 7 measures |
| Exchanges (10 or more: 10) | 1 | 1 exchange |
| Daily volume ($10K 0, $1B or more 10) | 1.6 | $57,640 traded in 24 hours; #1824 by volume on the exchanges the site reads (scored on the median day of the last 30, $59,900) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 8.6 | 2.7% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 2.4 | $82 within 2% of the price on 1 exchange, 0.01% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 0.5 | $1.6M, 0.5 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) | 5 | 5 full years since 2021-01-08, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 0 | 0 positive, 3 negative source |
| Negative | ||
| Steady work, 0 of 6 | ✗ | 0 commits in 0 of the last 12 months (github.com/ElectraProtocol/XEP-Core); Last XEP Core release is v1.0.5.0 (github.com/ElectraProtocol/XEP-Core, 2024-03-15), more than 24 months ago (v1.0.4.0 was 2022-03-14). The project itself is still active around the OmniXEP token layer, explorer and wallets, but the reference node has had no release in the window. |
| 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 Electra Protocol v1.0.5.0. bitcoincore.org github.com github.com |
| Unfixed vulnerability, disclosed 2026-05-05, −1 | ✗ | CVE-2024-52911: a crafted invalid block can make script-check threads read freed precomputed transaction data and crash the node; still in Electra Protocol v1.0.5.0. bitcoincore.org github.com github.com |
| 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 Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
Pkoin PKOIN
Vexanium VEXB
Everscale EVER
Reef REEFBAll Proof of Stake chains →Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Monero XMRA+
Bitcoin Cash BCHA++
Litecoin LTCA+
Ethereum Classic ETCAAll Proof of Work chains →Supply
18,430,559,068 of a maximum 30,000,000,560 XEP are in circulation — 61.4% of the total that will ever exist.
Launch and allocation
| Premine (allocated at launch) | 100% of today's supply |
|---|---|
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Nodes or validators | 229 |
| Fundraising | No sale and no investor round |
Genesis (2020-12-29) premined 30B XEP in five outputs (27B + 1.5B + 3 x 0.5B), equal to the 30B soft cap (MAX_MONEY). Later PoW/PoS rewards are capped at a trickle, so about 100% of supply is the premine.
No public sale (Bitget: 'no initial public funding'). The Electra Foundation manages and releases the premine.
XEP-Core contains a 10% treasury split (nTreasuryRewardPercentage = 10), but on mainnet both nTreasuryPaymentsStartBlock and nBudgetPaymentsStartBlock are set to the maximum integer, so it never activates. The small PoW (1 XEP) and 3% PoS rewards go to block producers.
The circulating figure (~18.4B) reflects what the Foundation has released from the premine. Whether those releases were market sales is not documented, so soldPct is null.
Sources: github.com · github.com · bitget.com. Researched 2026-10-26, high confidence.
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 Electra Protocol
Electra Protocol is #213 among cryptocurrencies and #1682 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 1469 places between Electra Protocol'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).