Electroneum (ETN)
Electroneum ranks #113 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #754: 641 of the 753 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 767 non-native assets CoinSpectrum lists above it by market cap, about 53% are tokens, 37% are claims on other assets, 9% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A · 64/100 · provisional, B to A |
|---|---|
| Rank among cryptocurrencies | #113 |
| Rank counting claims | #754 |
| Market capitalisation | $22M |
| Price | $0.00122 |
| Circulating supply | 17,979,817,605 ETN |
| Maximum supply | 21,000,000,000 ETN |
| Consensus family | Proof of Authority |
| Consensus mechanism | Proof of Responsibility (IBFT/PoA) |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
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 68 (B to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 7.3 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 7.3 | Proof of authority: 7.3 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 7.3 | Proof of authority: 7.3 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 7.3 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 7 | fixed maximum supply of 21 billion |
| Distribution | 6.6 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 3 | 70.1% of today's supply allocated at launch to founders, a company, a foundation or investors. Block 1 of the November 2017 legacy chain reportedly premined 12.6B ETN (60% of the 21B cap: about 6.3B for ICO investors and bounties, the rest a company-run mobile 'mining' and airdrop pool and team), against a current supply of 17,979,817,605 ETN (CoinGecko, 2026-10-23). source |
| Fundraising (share sold) (Source) | 6.7 | Sold by its issuer or insiders: 33.4% of supply sold. The Sep-Oct 2017 ICO sold ~6.0B ETN (ICO Drops: 6B, 28.57% of the 21B cap; CoinCodex: 6.09B), raising the ~$40M hard cap. Balances carried over 1:1 through the later chain migration, so it is counted. 6.0B / 17,979,817,605 ETN current supply (CoinGecko, 2026-10-23) = 33.4% (33.9% at 6.09B). Public ICO in September and October 2017, closed early at its $40M hard cap with more than 120,000 contributors. No private round was found. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. No protocol share of the block reward to Electroneum Ltd or a fund was found. Rewards went to PoW miners until 2019, then to approved validator nodes (NGOs and partners) under the moderated chain and Proof of Responsibility, and then on the Smartchain. The company's mobile-mining and airdrop pool came from the 2017 premine. Because validators are Electroneum-approved and current docs are thin, this is low confidence. source |
| Decentralisation | 4 | average of 3 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No documented protocol-level freeze or clawback of ETN, although the IBFT validator set is approved by Electroneum Ltd. source |
| No central team (Source) | 0 | A central team directs it: The electroneum-sc node, a go-ethereum fork, is developed by Electroneum Ltd, which also approves the validator set. source |
| Who can mint (Source) | 2 | Gated by registration: producers admitted by name, licence or company registration: an allow list, federation, council or proof of authority |
| Nodes (Source) | – | Not yet counted |
| Security | 8.1 | 6.5 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 14%, largest three 39% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 9.3 | about 295,776 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 Feb 2024) |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 7.1 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $4e-8 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 6.4 | about 286 simple transactions a second |
| Block time (10 minutes 10, less either side) | 2.5 | a block every 5 seconds |
| 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 | 1.88 MB limit (converted from its gas, compute, mass or count limit), 225 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✓ | Since the 2024 move to the Electroneum Smart Chain, IBFT commits five-second blocks with immediate finality. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✗ | etn-sc is a go-ethereum fork without history pruning: it prunes state only and keeps every block. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | The etn-sc client (go-ethereum based, 2024) can run as a light node that verifies headers and fetches Merkle-proven data live. |
| Privacy | 3.5 | 3.5 of 10: whitepaper privacy 3.5 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Any secp256k1 key can hold and send ETN; the chain's account and transfer rules carry no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 0 | An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | The ETN Smart Chain is a public EVM ledger. |
| Hidden parties (Sender and receiver hidden) | 0 | Accounts are public. |
| Network privacy (Origin hidden by default) | 0 | etn-sc is a go-ethereum-based client with standard devp2p gossip; no Dandelion or built-in Tor. |
| Programmability | 7.8 | 7 of 9 points source |
| Token issuance (At protocol level) | 2 | ERC-20 contracts on the EVM of the Electroneum Smart Chain, open to any account since the October 2024 migration (validators are permissioned, contract deployment is not). |
| Smart contracts (General-purpose) | 2 | Electroneum Smart Chain (go-ethereum-based, IBFT) runs the EVM with contract deployment open to users since the October 2024 migration. |
| Multisig and time locks (Without a third party) | ✓ | Multisig and time-lock contracts on its EVM. |
| Atomic swaps (With other chains) | ✓ | Solidity HTLCs can be deployed on its EVM. |
| 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) | ✗ | The only bridge described moves coins from the legacy Electroneum chain, operated by the project; no protocol-verified messaging to other chains. |
| NFTs (Carried by the chain's rules) | ✓ | ERC-721 contracts run by its EVM. |
| Demand | 4.8 | average of 7 measures |
| Exchanges (10 or more: 10) | 4 | 4 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 3.1 | $445,484 traded in 24 hours; #1047 by volume on the exchanges the site reads (scored on the median day of the last 30, $335,836) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 6.3 | 1.0% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 5.6 | $10,201 within 2% of the price on 3 exchanges, 0.05% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 3.4 | $22M, 3.4 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 | 7 | average of 3 criteria |
| Age (years since genesis) (Source) | 9 | 9 full years since 2017-11-02, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 2 | 1 positive, 4 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 104 commits in 12 of the last 12 months (github.com/electroneum/electroneum-sc); Only GitHub release of the reference client etn-sc is v6.0.0 'Aurelius' (2024-02-29), which strictly meets the no-release-in-24-months test; developers are still merging consensus fixes (commits 2026-10-20), so rated minimal rather than abandoned. |
| Negative | ||
| Unfixed vulnerability, disclosed 2023-09-06, −1 | ✗ | go-ethereum GHSA-ppjg-v974-84cm (CVE-2023-40591, High) lets a flood of p2p pings spawn unbounded goroutines until the node runs out of memory; electroneum-sc v6.0.0 (geth-1.10-era fork) still answers pings in a new goroutine (fixed in 1.12.1). github.com github.com |
| Unfixed vulnerability, disclosed 2024-05-06, −1 | ✗ | go-ethereum GHSA-4xc9-8hmq-j652 (CVE-2024-32972, High) lets a GetBlockHeaders request with count 0 make the node load every header back to genesis; electroneum-sc v6.0.0 (geth-1.10-era fork) lacks the 1.13.15 cap. github.com github.com github.com |
| Unfixed vulnerability, disclosed 2026-01-13, −1 | ✗ | go-ethereum GHSA-mr7q-c9w9-wh4h (CVE-2026-22862, High) lets a crafted p2p message crash the node with a too-short ECIES ciphertext; electroneum-sc v6.0.0 (geth-1.10-era fork) lacks the 1.16.8 length check. github.com github.com github.com |
| Unfixed vulnerability, disclosed 2026-02-17, −1 | ✗ | go-ethereum GHSA-2gjw-fg97-vg3r (CVE-2026-26314, High) lets a crafted p2p message crash the node through unchecked secp256k1 point coordinates; electroneum-sc v6.0.0 (geth-1.10-era fork) lacks the 1.16.9 coordinate check. github.com 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 Authority coins
Bittensor TAOA
VeChain VETB
Ozone Chain OZOB
Paycoin PCI
AMO Coin AMOC
DucatusX DUCXC
BlackFort Exchange Network BXNAll Proof of Authority 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
17,979,817,605 of a maximum 21,000,000,000 ETN are in circulation — 85.6% of the total that will ever exist.
Launch and allocation
| Premine (allocated at launch) | 70.1% of today's supply |
|---|---|
| Sold by the issuer or insiders | 33.4% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Public sale |
Block 1 of the November 2017 legacy chain reportedly premined 12.6B ETN (60% of the 21B cap: about 6.3B for ICO investors and bounties, the rest a company-run mobile 'mining' and airdrop pool and team), against a current supply of 17,979,817,605 ETN (CoinGecko, 2026-10-23).
Public ICO in September and October 2017, closed early at its $40M hard cap with more than 120,000 contributors. No private round was found.
The Sep-Oct 2017 ICO sold ~6.0B ETN (ICO Drops: 6B, 28.57% of the 21B cap; CoinCodex: 6.09B), raising the ~$40M hard cap. Balances carried over 1:1 through the later chain migration, so it is counted. 6.0B / 17,979,817,605 ETN current supply (CoinGecko, 2026-10-23) = 33.4% (33.9% at 6.09B).
No protocol share of the block reward to Electroneum Ltd or a fund was found. Rewards went to PoW miners until 2019, then to approved validator nodes (NGOs and partners) under the moderated chain and Proof of Responsibility, and then on the Smartchain. The company's mobile-mining and airdrop pool came from the 2017 premine. Because validators are Electroneum-approved and current docs are thin, this is low confidence.
Sources: community.electroneum.com · icodrops.com · coincodex.com · blog.electroneum.com · blog.electroneum.com · bitcointalk.org. Researched 2026-10-24, medium 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 Electroneum
Electroneum is #113 among cryptocurrencies and #754 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 641 places between Electroneum'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).