Nano (XNO)
Nano ranks #84 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #475: 391 of the 474 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 483 non-native assets CoinSpectrum lists above it by market cap, about 48% are tokens, 45% are claims on other assets, 7% are memecoins and under 1% are NFT collections.
| CoinSpectrum Grade | A · 64/100 · provisional, B to A |
|---|---|
| Rank among cryptocurrencies | #84 |
| Rank counting claims | #475 |
| Market capitalisation | $43M |
| Price | $0.3214 |
| Circulating supply | 133,248,297 XNO |
| Maximum supply | 133,248,297 XNO |
| Consensus family | Proof of Stake |
| Consensus mechanism | Block-lattice (ORV) |
| Ledger type | Single-asset ledger |
| Launch distribution | No 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 58 to 67 (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 | 9.3 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 9.2 | fixed maximum supply of 133 million |
| Distribution | 10 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 10 | Fair launch: no premine |
| Fundraising (share sold) (Source) | 10 | No sale of the coin |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. Nano has no issuance at all: the full supply was created at genesis and distributed by captcha faucet (2015-2017), and representatives earn nothing. There is nothing to cut. source |
| Decentralisation | 4.3 | average of 3 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No party can freeze or claw back XNO; representatives can only vote on conflicting blocks. source |
| No central team (Source) | 0 | A central team directs it: The Nano Foundation maintains the reference nano-node (BSD-2-Clause) and sets the protocol roadmap; RsNano is an independent Rust port maintained by a separate developer. source |
| Who can mint (Source) | 3 | Gated by representatives: witnesses or representatives chosen by weight confirm the ledger |
| Nodes (Source) | – | Not yet counted |
| Security | 7.2 | 5.8 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 8.5 | largest 29.1%, largest three 44.7% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 5.4 | about 15,000 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) | 9 | nano-node (C++, Nano Foundation, V28.2, Sep 2025) and RsNano (Rust, V3.1, Jun 2026), a fork of nano-node's code into Rust by a separate developer |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 7.3 | 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) | 5.1 | about 125 simple transactions a second |
| Block time (10 minutes 10, less either side) | – | not yet measured |
| 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) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✓ | Open Representative Voting confirms (cements) a block in under a second once representatives holding a quorum of online weight vote for it. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | nano-node experimental ledger pruning (--enable_pruning, max_pruning_age) lets non-voting nodes discard old blocks and keep account frontiers. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | The block-lattice has no Merkle or finality proofs for clients; light wallets trust the node or RPC they query. |
| 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 | 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) | 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 | Balances and amounts are public in every account chain. |
| Hidden parties (Sender and receiver hidden) | 0 | Sender and receiver accounts are public; no ring signatures or stealth addresses. |
| Network privacy (Origin hidden by default) | 0 | The nano-node floods blocks to peers directly; no Dandelion-style relay or built-in Tor. |
| Programmability | 0 | 0 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts | 0 | Every transaction is a fixed state block (send, receive, open, change representative); the protocol has no scripting. |
| Multisig and time locks (Without a third party) | ✗ | State blocks carry one account signature and no multisig, time-lock or hash-lock field. |
| Atomic swaps (With other chains) | ✗ | No hash locks or time locks can be expressed in a state block. |
| 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. |
| NFTs (Carried by the chain's rules) | ✗ | No token or NFT type in the block-lattice ledger. |
| Demand | 5.1 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 11 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 2.2 | $79,534 traded in 24 hours; #1448 by volume on the exchanges the site reads (scored on the median day of the last 30, $127,857) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 3.4 | 0.29% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 5.3 | $16,937 within 2% of the price on 2 exchanges, 0.04% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 4.1 | $43M, 4.1 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 9.9 | futures, options and margin positions 0.02% of its market cap |
| 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 | 8.3 | average of 3 criteria |
| Age (years since genesis) (Source) | 9 | 9 full years since 2017-03-07, 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 | ✓ | 517 commits in 12 of the last 12 months (github.com/nanocurrency/nano-node); nano-node V28.2 current stable (V28.0 Jan 2025); V29.0 development builds weekly to 2026-10-24. |
| 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+
Astar ASTRA
Oasis ROSEB
Ontology ONTA
Polymesh POLYXBAll 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
133,248,297 of a maximum 133,248,297 XNO are in circulation — effectively all of them.
Launch and allocation
| Developer share received since launch | 0% of today's supply |
|---|---|
| Developer share of new coins today | 0% |
Nano has no issuance at all: the full supply was created at genesis and distributed by captcha faucet (2015-2017), and representatives earn nothing. There is nothing to cut.
Sources: docs.nano.org · docs.nano.org. Researched 2026-10-24, 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 Nano
Nano is #84 among cryptocurrencies and #475 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 391 places between Nano'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).