Qubic (QUBIC)
Qubic ranks #76 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #439: 363 of the 438 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 451 non-native assets CoinSpectrum lists above it by market cap, about 47% are tokens, 46% are claims on other assets, 7% are memecoins and under 1% are NFT collections.
| CoinSpectrum Grade | B · 53/100 · provisional, C to B |
|---|---|
| Rank among cryptocurrencies | #76 |
| Rank counting claims | #439 |
| Market capitalisation | $49M |
| Price | $3.33e-7 |
| Circulating supply | 146,589,219,333,449 QUBIC |
| Maximum supply | 200,000,000,000,000 QUBIC |
| Consensus family | Other |
| Consensus mechanism | Useful PoW (Computor quorum) |
| Network purpose | Distributed compute |
| 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)
B — 53 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 45 to 55 (C to B).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 6.4 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 6.4 | Other: 6.4 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 6.4 | Other: 6.4 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 1 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 0 | fixed maximum supply of 200 trillion |
| Distribution | 9.9 | average of 3 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. Qubic describes a fair launch (mainnet Apr 2022) with no pre-mine; all QUBIC comes from the weekly 1T emission to computors and miners (circulating about 145T of a 200T cap, CoinGecko, as supplied). source |
| Fundraising (share sold) (Source) | 10 | No sale of the coin source |
| Developer share (after launch) | 9.6 | Developer share: about 4.4% of today's supply received so far; 1.8% of each new block reward goes to them today. Each weekly epoch mints 1T QUBIC to computors, with unpaid revenue going to the arbitrator key; a quorum-set revenue-donation table (GQMPROP) then diverts computor revenue: 8% to the Computor Controlled Fund (CCF, a computor-voted treasury) since epoch 129 (Oct 2024), 12.25% to Qearn (holder lock rewards) since epoch 137, and since epoch 227 first 77.5% to SupplyWatcher, which burns it. Applied in order, the CCF now gets 8% of the remaining 22.5% = 1.8% of gross emission (about 7.6% of the unburned part). Arithmetic: CCF ~0.99T x 8% x 98 epochs (129-226) + 9 later epochs at 1.8% = ~7.9T / 178.4T supply = ~4.4%. The arbitrator remainder (reportedly ~1% of emission) is not counted because its size was not established. source |
| Decentralisation | 3.6 | average of 4 parts |
| Governance (Source) | 0 | An authority can halt the chain or freeze funds: The core code carries a frozen-addresses list whose QU and shares are moved to a FROZEN_ESCROW identity at a set tick (transferFrozenAssetsToEscrow). source |
| No central team (Source) | 0 | A central team directs it: The core node is developed in the qubic/core repository by the Qubic core team led by Come-from-Beyond, under the Anti-Military License rather than an OSI-approved licence. source |
| Who can mint (Source) | 5 | Gated by stake rank: only a capped set of the largest stakes produces blocks |
| Nodes (Source) | 9.4 | 676 reachable nodes (source: Protocol-fixed) |
| Security | 6.3 | 3.8 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) | – | |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 10 | about 964,613 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) | 7 | one client, latest version Oct 2026 |
| Open source (Node software) | ✗ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 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) | 0 | a block every 1 second |
| 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) | 5 | 1 of 2 passed, 1 not yet researched |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✓ | Ticks of about half a second are finalised by a quorum of 451 of 676 computors, settling transfers within a few seconds. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | – | Computors run from per-epoch state files (universe, contract state); how much history a node keeps is not documented. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | No light-client protocol; wallets trust RPC/archiver services. |
| 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 | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | 0 | No sender or receiver hiding. |
| Network privacy (Origin hidden by default) | 0 | Transactions are broadcast to computors directly. |
| Programmability | 5 | 4 of 8 points, 1 not yet researched source |
| Token issuance (At protocol level) | 2 | The QX core contract's IssueAsset procedure lets any identity issue an asset for a 1 billion QU fee, executed by the computor quorum; deploying new contracts needs a quorum vote and IPO. |
| Smart contracts | 0 | Contracts are compiled into the core node only after a computor-quorum vote (451 of 676 participating, majority) and an IPO; users call the approved set (QX, QSWAP, MSVAULT, QBAY and others) but cannot deploy their own logic. |
| Multisig and time locks (Without a third party) | – | The MSVAULT core contract gives m-of-n vaults (up to 16 owners, requiredApprovals), but no user time-locked spending is documented among the core contracts. |
| Atomic swaps (With other chains) | ✗ | No HTLC or adaptor-signature contract among the approved core contracts, and users cannot deploy one. |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: an exchange in its own protocol (QX, core contract index 1 compiled into the node, runs ask/bid order books for Qubic assets; QSWAP adds an AMM). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol messaging to other chains. |
| NFTs (Carried by the chain's rules) | ✓ | The QBAY core contract creates NFT collections and single NFTs and runs their marketplace. |
| Demand | 5.5 | average of 7 measures |
| Exchanges (10 or more: 10) | 8 | 8 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 3.3 | $477,728 traded in 24 hours; #910 by volume on the exchanges the site reads (scored on the median day of the last 30, $466,303) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 5.6 | 0.73% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 6.1 | $32,786 within 2% of the price on 3 exchanges, 0.07% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 4.2 | $49M, 4.2 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 | 6.3 | average of 3 criteria |
| Age (years since genesis) (Source) | 2 | 2 full years since 2024-01-25, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 8 | 3 positive, 0 negative, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 821 commits in 12 of the last 12 months (github.com/qubic/core); qubic/core v1.309.0, released 2026-10-21; weekly releases. |
| Shipped a security fix in two years, +1 | ✓ | qubic core v1.308.1-v1.308.2, Oct 2026: blocked solution re-publishing and froze vulnerable identities into escrow. |
| Shipped a new capability for users in two years, +1 | ✓ | qubic core v1.304.0, 9 Sep 2026: oracle reads from EVM blockchains; v1.309.0, Oct 2026: poll voting by sending QU to a contract. |
| Not yet researched | ||
| Shipped a scaling upgrade in two years | – | |
| Conduct (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| Negative record | ||
| Halt, freeze or reversal, 2026-10-18 | ✗ | Computors halted the network at tick 85,371,949 after an attacker drained about 2.94 trillion QU from 1,404 wallets with weak seeds, to stop stolen funds moving; ticks resumed around 20:00 on 2026-10-19 and a computor-approved recovery/claims process followed. cryptobriefing.com kucoin.com |
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.
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146,589,219,333,449 of a maximum 200,000,000,000,000 QUBIC are in circulation — 73.3% of the total that will ever exist.
Launch and allocation
| Premine (allocated at launch) | 0% of today's supply |
|---|---|
| Developer share received since launch | 4.4% of today's supply |
| Developer share of new coins today | 1.8% |
| Nodes or validators | 676 |
| Fundraising | No sale and no investor round |
Qubic describes a fair launch (mainnet Apr 2022) with no pre-mine; all QUBIC comes from the weekly 1T emission to computors and miners (circulating about 145T of a 200T cap, CoinGecko, as supplied).
No ICO, presale or VC funding per Qubic's FAQ. Smart-contract 'IPOs' are Dutch auctions of contract shares in which the QUBIC spent is burned, not a fundraise for the coin.
Each weekly epoch mints 1T QUBIC to computors, with unpaid revenue going to the arbitrator key; a quorum-set revenue-donation table (GQMPROP) then diverts computor revenue: 8% to the Computor Controlled Fund (CCF, a computor-voted treasury) since epoch 129 (Oct 2024), 12.25% to Qearn (holder lock rewards) since epoch 137, and since epoch 227 first 77.5% to SupplyWatcher, which burns it. Applied in order, the CCF now gets 8% of the remaining 22.5% = 1.8% of gross emission (about 7.6% of the unburned part). Arithmetic: CCF ~0.99T x 8% x 98 epochs (129-226) + 9 later epochs at 1.8% = ~7.9T / 178.4T supply = ~4.4%. The arbitrator remainder (reportedly ~1% of emission) is not counted because its size was not established.
Sources: github.com · github.com · rpc.qubic.org · qubic.org · altfins.com · qubic.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 Qubic
Qubic is #76 among cryptocurrencies and #439 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 363 places between Qubic'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).