Minima (MINIMA)
Minima ranks #210 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1660: 1450 of the 1659 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 1937 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 | B · 61/100 · provisional, B to A |
|---|---|
| Rank among cryptocurrencies | #210 |
| Rank counting claims | #1660 |
| Market capitalisation | $2M |
| Price | $0.00304 |
| Circulating supply | 553,366,920 MINIMA |
| Maximum supply | 1,000,000,000 MINIMA |
| Consensus family | Hybrid |
| Consensus mechanism | PoW + Cascading-Chain PoS |
| Own hashrate | — |
| Ledger type | Single-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)
B — 61 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 53 to 65 (B to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 4.5 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 4.5 | Hybrid: 4.5 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 4.5 | Hybrid: 4.5 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 8.5 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 8.3 | fixed maximum supply of 1 billion |
| Distribution | 5.5 | 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. Minima's docs say all 1,000,000,000 MINIMA were minted at the 21 March 2023 TGE, 125M of them wrapped as ERC-20. There is no block reward. Allocation: seed 14.1%, private seed 7.5%, private round 1 10.7%, private round 2 1.2%, public ICO 1.2%, team and advisors 15.7%, public rewards 15%, ecosystem growth 34.6%. Current supply is 999,978,113 after burns (CoinGecko). source |
| Fundraising (share sold) (Source) | 6.5 | Sold by its issuer or insiders: 34.7% of supply sold. Seed round (2019, about 180 people, $0.02, 14.1%), private seed (2020, $0.01, 7.5%), private round 1 (2021, $0.06, 10.7%), private round 2 (2022, $0.20, 1.2%) and a public ICO at TGE (2023, $0.21, 1.2%). Total 34.7% sold. Separately, a $6.5M Series A (GSR, DEX Ventures, Vinny Lingham and others). source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. There is no block reward: all 1B MINIMA were minted at the March 2023 TGE. source |
| Decentralisation | 6 | average of 3 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No protocol key to freeze, blacklist or claw back coins or halt the chain was found in the documentation. source |
| No central team (Source) | 0 | A central team directs it: The only node implementation is developed in the minima-global GitHub organisation by Minima AG / Minima Global, which runs the explorer and sets the roadmap; Apache-2.0 licence. source |
| Who can mint (Source) | 8 | Open, with a stake vote: anyone can mine, and stakeholders vote on the blocks |
| Nodes (Source) | – | Not yet counted |
| Security | 5.9 | 3 of 5 points, 3 not yet measured source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | – | |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 1.3 | about 650 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) | 7 | one client, latest version Aug 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 6.5 | average of 3 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0 |
| 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) | 6.1 | a block every 50 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) | – | not yet measured |
| Features (3 checks) | 3.3 | 1 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✗ | Blocks target 50 s (explorer average 49.8 s) with probabilistic GHOST-style confirmation; no instant-lock or double-spend-proof mechanism in the base layer. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Cascading chain plus MMR proofs let nodes keep only recent blocks and their own coin proofs (Mega MMR pruning in v1.0.4x releases). |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | Every user is meant to run a pruned full node; no separate light-client protocol. |
| 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 | Coin amounts are public. |
| Hidden parties (Sender and receiver hidden) | 0 | Addresses are public. |
| Network privacy (Origin hidden by default) | 0 | Nodes relay TxPoW directly over P2P; no Dandelion or Tor. |
| Programmability | 7.8 | 7 of 9 points source |
| Token issuance (At protocol level) | 2 | Native tokens: any user can create a token by colouring Minima coins, validated by every node, alongside KISSVM scripts. |
| Smart contracts (General-purpose) | 2 | KISS VM scripts with state variables, introspection (GETOUT*/VERIFYOUT) and covenants; Minima's docs publish exchange, HTLC, time-lock and flash-cash contracts. Low confidence on whether applications beyond swaps run on mainnet. |
| Multisig and time locks (Without a third party) | ✓ | KISS VM's MULTISIG function and @BLOCK/@COINAGE globals give m-of-n and time-locked spending. |
| Atomic swaps (With other chains) | ✓ | Hashed-timelock contracts in KISS VM (SHA2/SHA3 plus @BLOCK), documented by Minima. |
| 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 in the protocol beyond HTLCs. |
| NFTs (Carried by the chain's rules) | ✓ | Native tokens (coloured Minima) validated by every node can be created with a supply of one. |
| Demand | 3.3 | average of 7 measures |
| Exchanges (10 or more: 10) | 1 | 1 exchange |
| Daily volume ($10K 0, $1B or more 10) | 0.4 | $12,245 traded in 24 hours; #2463 by volume on the exchanges the site reads (scored on the median day of the last 30, $15,479) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 5.4 | 0.69% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 4.8 | $455 within 2% of the price on 1 exchange, 0.03% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 0.6 | $1.7M, 0.6 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 | 5.7 | average of 3 criteria |
| Age (years since genesis) (Source) | 1 | 1 full year since 2024-11-20, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 6 | 1 positive, 0 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 156 commits in 10 of the last 12 months (github.com/minima-global/Minima); Minima node 1.0.49 released 2026-08-17 on GitHub; 1.0.45 (2025-03-28), 1.0.44 (2025-01-28) and 1.0.43 (2024-11-27) also in the last 24 months. |
| 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.
Hybrid coins
Conflux CFXA
Decred DCRA
Zano ZANOB
Syscoin SYSA
ExchangeCoin EXCCB
Nexus NXS
Cypherium CPHAll Hybrid 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
553,366,920 of a maximum 1,000,000,000 MINIMA are in circulation — 55.3% of the total that will ever exist.
Launch and allocation
| Premine (allocated at launch) | 100% of today's supply |
|---|---|
| Sold by the issuer or insiders | 34.7% 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 |
Minima's docs say all 1,000,000,000 MINIMA were minted at the 21 March 2023 TGE, 125M of them wrapped as ERC-20. There is no block reward. Allocation: seed 14.1%, private seed 7.5%, private round 1 10.7%, private round 2 1.2%, public ICO 1.2%, team and advisors 15.7%, public rewards 15%, ecosystem growth 34.6%. Current supply is 999,978,113 after burns (CoinGecko).
Seed round (2019, about 180 people, $0.02, 14.1%), private seed (2020, $0.01, 7.5%), private round 1 (2021, $0.06, 10.7%), private round 2 (2022, $0.20, 1.2%) and a public ICO at TGE (2023, $0.21, 1.2%). Total 34.7% sold. Separately, a $6.5M Series A (GSR, DEX Ventures, Vinny Lingham and others).
There is no block reward: all 1B MINIMA were minted at the March 2023 TGE.
The site has no label yet. This is a fully pre-minted chain, so 100. The Series A may overlap with the listed private token rounds; the docs do not say.
Sources: docs.minima.global · github.com · minimaglobal.substack.com · cryptopotato.com. Researched 2026-10-24, high confidence.
The work behind it
No source we can reach publishes a hashrate for Minima.
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 Minima
Minima is #210 among cryptocurrencies and #1660 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 1450 places between Minima'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).