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InitVerse (INI)

INI price chart

InitVerse ranks #309 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #3761: 3452 of the 3760 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 4095 non-native assets CoinSpectrum lists above it by market cap, about 65% are tokens, 32% are claims on other assets, 2% are memecoins and 1% are NFT collections.

CoinSpectrum Grade	pending — launch under review
Rank among cryptocurrencies	#309
Rank counting claims	#3761
Market capitalisation	$8,732
Price	$0.0000160
Circulating supply	546,335,842 INI
Maximum supply	6,000,000,000 INI
Consensus family	Proof of Work
Consensus mechanism	VersaHash
Own hashrate	—
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 InitVerse 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	7.8	the supply scale times 0.9, and a point for a fixed cap that holds
Supply (21 million scores 10)	7.5	fixed maximum supply of 6 billion
Distribution	10	average of 2 parts
Holder concentration (Source)	–	Not yet measured
Active addresses	–	Not yet measured
Premine (allocated at launch)	10	0% of today's supply allocated at launch to founders, a company, a foundation or investors. The genesis block (30 Dec 2024) has the empty-trie state root (0x56e81f…b421), so no coins were allocated at genesis; supply comes from block rewards from block 1 (mining from January 2025). Project material mentions an official team mining address whose coins fund airdrops and campaigns, but its size is not published, so nothing is counted. 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. Block headers carry teamRate and TeamAddress fields, but every block sampled from January 2025 to October 2026 shows teamRate 0 and a zero TeamAddress, so no protocol cut is paid. source
Decentralisation	6.7	average of 3 parts
Governance (Source)	10	No authority can halt the chain or freeze funds: Not established: the node is closed-source, so whether any key can freeze accounts or halt the chain cannot be checked. source
No central team (Source)	0	A central team directs it: The InitVerse/INIChain team runs a closed geth-derived node (extraData 'geth go1.24.2'); no source code is published. 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	1.9	1.1 of 6 points, 2 not yet measured source
Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points)	0	largest 55%, largest three 99.3%
Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points)	0.6	about 409 transactions a day
Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point)	–
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)	–
Open source (Node software)	✗
No 51% attack (Nor a deep reorganisation, five years)	✓
Scalability	5.6	average of 5 parts source
Fees ($0.001 or less 10, $1 or more 0)	10	typical fee $1e-9
Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5)	4.5	about 90 simple transactions a second
Block time (10 minutes 10, less either side)	3.7	a block every 10.5 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	1.25 MB limit (converted from its gas, compute, mass or count limit), 71.4 MB per 10 minutes
Features (3 checks)	0	0 of 2 passed, 1 not yet researched
Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11)	✗	About 10.5-second proof-of-work blocks with probabilistic confirmation; no instant finality.
Pruned nodes (Old history dropped, every rule checked · Whitepaper §7)	–	Node software and its pruning options are not public; not established.
Light clients (Payments verified from headers · Whitepaper §8)	✗	No working light-client protocol: wallets read balances from RPC servers they must trust.
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	Accounts are derived from user-generated keys and the EVM checks only signatures and balances; no identity check is part of the chain's rules.
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	Account-based EVM transfers; amounts are public.
Hidden parties (Sender and receiver hidden)	0	Plain account addresses; sender and receiver are public.
Network privacy (Origin hidden by default)	0	No origin-hiding relay; the node gossips transactions over plain devp2p.
Programmability	7.8	7 of 9 points source
Token issuance (At protocol level)	2	ERC-20 contracts on the InitVerse mainnet EVM (VersaHash proof of work, chain ID 7233), open to any account.
Smart contracts (General-purpose)	2	EVM on the InitVerse mainnet (VersaHash proof of work, chain ID 7233), producing blocks on 2026-10-28.
Multisig and time locks (Without a third party)	✓	m-of-n multisig and time-lock contracts (Safe-style wallets, timelock controllers) run on its EVM like on Ethereum.
Atomic swaps (With other chains)	✓	Hash-time-locked contracts are expressible in Solidity on its EVM, as in EVM HTLC swap implementations.
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 protocol-level cross-chain messaging.
NFTs (Carried by the chain's rules)	✓	ERC-721 contracts run on its EVM.
Demand	0.2	average of 5 measures
Exchanges (10 or more: 10)	0	no exchange the site reads trades it
Daily volume ($10K 0, $1B or more 10)	0	$4 traded in 24 hours; #4263 by volume
Turnover (volume ÷ market cap, 5% a day: 10)	0	0.05% of its market cap a day
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)	0	$9K, 0 on a scale of 2.5 points per tenfold
Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0)	–	not measured
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	4	average of 3 criteria
Age (years since genesis) (Source)	1	1 full year since 2025-07-08, the first day with a recorded price (genesis not yet researched, so the age can only be understated).
Development (work, fixes, vulnerabilities)	1	1 positive, 0 negative, 4 not yet researched source
Positive
Shipped a scaling upgrade in two years, +1	✓	IIP-003 network upgrade (2025): block spacing cut from ~30 s to ~10 s, tripling block capacity per unit time (block timestamps on the RPC show ~10.6 s today).
Not yet researched
Shipped a security fix in two years	–
Shipped a privacy improvement in two years	–
Shipped a new capability for users in two years	–
Unfixed vulnerabilities and exploits	–
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

Proof of Stake coins

Supply

546,335,842 of a maximum 6,000,000,000 INI are in circulation — 9.1% of the total that will ever exist.

Launch and allocation

Premine (allocated at launch)	0% of today's supply
Developer share received since launch	0% of today's supply
Developer share of new coins today	0%

The genesis block (30 Dec 2024) has the empty-trie state root (0x56e81f…b421), so no coins were allocated at genesis; supply comes from block rewards from block 1 (mining from January 2025). Project material mentions an official team mining address whose coins fund airdrops and campaigns, but its size is not published, so nothing is counted.

None documented. The team runs INI-denominated reward campaigns (e.g. a 500,000 INI anniversary budget in March 2025) from its own holdings.

No token sale or investor round is documented; not established.

Block headers carry teamRate and TeamAddress fields, but every block sampled from January 2025 to October 2026 shows teamRate 0 and a zero TeamAddress, so no protocol cut is paid.

A March 2025 project press release advertised 'guaranteed' and 'risk-free' staking returns and a 727.39 INI block reward at the time. Two addresses mined 95% of sampled blocks; whether either belongs to the team is not established.

Sources: rpc-mainnet.inichain.com · chainid.network · github.com · einpresswire.com · cryptoticker.io. Researched 2026-10-26, low confidence.

The work behind it

No source we can reach publishes a hashrate for InitVerse.

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 InitVerse

InitVerse is #309 among cryptocurrencies and #3761 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 3452 places between InitVerse'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).