☰ Menu

Syscoin (SYS)

SYS price chart

Syscoin ranks #196 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1492: 1296 of the 1491 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 1753 non-native assets CoinSpectrum lists above it by market cap, about 61% are tokens, 32% are claims on other assets, 6% are memecoins and 1% are NFT collections.

CoinSpectrum Grade	A · 65/100 · provisional, B to A
Rank among cryptocurrencies	#196
Rank counting claims	#1492
Market capitalisation	$2M
Price	$0.00260
Circulating supply	923,309,550 SYS
Maximum supply	no fixed cap
Consensus family	Hybrid
Consensus mechanism	SHA-256 PoW (merge-mined with BTC) + PoS masternodes
Own hashrate	386 EH/s
Ledger type	Multi-asset ledger

Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.

CoinSpectrum Grade (Source)

A — 65 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	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	7.6	the supply scale times 0.9, and a point for a fixed cap that holds
Supply (21 million scores 10)	8.4	no fixed maximum; 923 million in circulation
Distribution	7.3	average of 3 parts
Holder concentration (Source)	–	Not yet measured
Active addresses	–	Not yet measured
Premine (allocated at launch)	6.1	39.5% of today's supply allocated at launch to founders, a company, a foundation or investors. Lower bound. Per Messari, 364M SYS were created at the Syscoin V1 mainnet launch (Aug 2014) and distributed mainly to crowdsale and presale participants, with 65M for core team funding and integrations and 35M for future VC or private rounds also listed. 364M / ~922M current = 39.5%. If the 100M team and VC amounts sit outside the 364M, the figure is ~50%. The masternode-voted governance superblock share of block rewards is not counted. source
Fundraising (share sold) (Source)	6.8	Sold by its issuer or insiders: 31.8% of supply sold. The July-August 2014 presale (0.00000465 BTC/SYS) and crowdsale (0.00000518 BTC/SYS) raised ~1,500 BTC, implying ~290M-322M SYS. Messari's 364M V1 launch supply less the 100M listed for team and future VC gives ~264M. Range 264M-322M / ~922M current supply = 28.6%-34.9%; midpoint 31.8%. 2014 crowdsale/presale raised ~1,500 BTC (ICO Drops: $782K, ended 2014-08-16), of which 750 BTC was stolen by the escrow agent. One source says 15% of initial supply was sold, conflicting with Messari's 'primarily to presale participants'. source
Developer share (after launch)	8.9	Developer share: about 11% of today's supply received so far; 70% of each new block reward goes to them today. A masternode-voted governance (superblock) budget is minted on top of the miner/masternode coinbase: Syscoin 4 started at 1.5M SYS/month in June 2019 (avg ~912K over two years), fell to ~151.8K/month from mid-2021, and since Syscoin 5 a dynamic budget has risen to 4.35-5M SYS/month (from ~mid-2025). Today the 4.35M superblock against ~1.6-1.9M/month of block rewards is ~70% of issuance. Arithmetic: superblock coinbase minus a normal block's coinbase, summed over every superblock height via Blockbook (43,800-block cycle before NEVM block 1,317,500, then 17,520), is 101.0M SYS / 922.4M = 11.0%; Syscoin 3 (2018-19) payouts inside the block-1 snapshot are not included, so this is a lower bound. source
Decentralisation	6	average of 3 parts
Governance (Source)	10	No authority can halt the chain or freeze funds: No protocol key can freeze native SYS; masternode ChainLocks finalise blocks but cannot freeze coins. Asset (SPT) issuer controls apply only to tokens. source
No central team (Source)	0	A central team directs it: The Syscoin Foundation (with Blockchain Foundry; lead developer Jagdeep Sidhu) maintains Syscoin Core in the syscoin GitHub organisation; MIT 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	3.9	3.1 of 8 points source
Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points)	1.4	largest 41.6%, largest three 91.2%
Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points)	0	about 150 transactions a day
Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point)	1	merge-mined: its blocks are found by another chain's miners, 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 Aug 2026
Open source (Node software)	✓
No 51% attack (Nor a deep reorganisation, five years)	✓
Scalability	7.4	average of 5 parts source
Fees ($0.001 or less 10, $1 or more 0)	10	typical fee $4e-9
Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5)	3.4	about 47 simple transactions a second
Block time (10 minutes 10, less either side)	7.8	a block every 2.5 minutes
Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth)	9.3	4 MB limit, 16 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)	✗	Bitcoin Core-derived node that accepts BIP125 opt-in replace-by-fee by default; masternode ChainLocks guard blocks against reorgs, but there is no InstantSend lock for unconfirmed payments; blocks are 150 s.
Pruned nodes (Old history dropped, every rule checked · Whitepaper §7)	✓	Syscoin 5.1.2 keeps Bitcoin Core's -prune for non-masternode nodes (masternodes must run unpruned).
Light clients (Payments verified from headers · Whitepaper §8)	✓	Bitcoin Core-based node serves BIP37 merkleblocks and BIP157 compact block filters (-peerblockfilters).
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	Transparent UTXO amounts; no confidential-transaction or shielded feature.
Hidden parties (Sender and receiver hidden)	0	Transparent addresses; no ring signatures, ZK proofs or stealth addresses.
Network privacy (Origin hidden by default)	0	Bitcoin-derived node relays its own transactions over clearnet by default; Tor (-proxy/-onion) needs user setup and there is no Dandelion.
Programmability	8.9	8 of 9 points source
Token issuance (At protocol level)	2	ERC-20 contracts on NEVM, the EVM every Syscoin full node runs alongside the UTXO chain since 2021, open to any account; Syscoin Platform Tokens carry assets on the UTXO side.
Smart contracts (General-purpose)	2	NEVM, the EVM every Syscoin full node runs alongside the UTXO chain since 2021 (chain ID 57), open to any account.
Multisig and time locks (Without a third party)	✓	OP_CHECKMULTISIG, OP_CHECKLOCKTIMEVERIFY and OP_CHECKSEQUENCEVERIFY on the UTXO side, and EVM contracts on NEVM.
Atomic swaps (With other chains)	✓	UTXO Script can express HTLCs, as can NEVM contracts.
Native DEX (Trades the coin itself, not a claim)	✓	Traded as itself, not as a wrapped token or a claim: Komodo DeFi.
Cross-chain messaging (Verified by the chain itself)	✗	The SYSX bridge moves value between Syscoin's own UTXO chain and NEVM; no protocol messaging to other blockchains.
NFTs (Carried by the chain's rules)	✓	ERC-721 contracts on NEVM.
Demand	2.2	average of 7 measures
Exchanges (10 or more: 10)	2	2 exchanges
Daily volume ($10K 0, $1B or more 10)	0	$481 traded in 24 hours; #2970 by volume on the exchanges the site reads (scored on the median day of the last 30, $3,165)
Turnover (volume ÷ market cap, 5% a day: 10)	1.8	0.14% of its market cap a day, median of the last 30 days
Order-book depth (±2% of the price ÷ market cap, 1%: 10)	0	$15 within 2% of the price on 1 exchange, 0.00% of its market cap, median of the last 15 days
Market cap ($1M 0, $10B or more 10)	0.9	$2.4M, 0.9 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	9.7	average of 3 criteria
Age (years since genesis) (Source)	10	12 full years since 2014-08-20, the first day with a recorded price (genesis not yet researched, so the age can only be understated).
Development (work, fixes, vulnerabilities)	9	4 positive, 0 negative source
Positive
Steady work, 6 of 6	✓	759 commits in 9 of the last 12 months (github.com/syscoin/syscoin); Syscoin Core v5.0.0 (Nexus, 2025-04) through v5.0.5 (2025-07-23) and the 'Liberty' releases of August 2026; nodes report /Satoshi:5.1.2/.
Shipped a security fix in two years, +1	✓	Syscoin 5.1.0 'Liberty', Jul 2026: tightened bridge proof, receipt and amount validation; 5.1.1–5.1.2 (Aug–Sep 2026) LLMQ/governance message resource-limit hardening.
Shipped a scaling upgrade in two years, +1	✓	Syscoin v5.0.3, May 2025: NEVM default block gas limit raised from 8M to 16M.
Shipped a new capability for users in two years, +1	✓	Syscoin 5.0.0 Nexus, Apr 2025 (block 2,010,345) and 5.1.0 Liberty, Jul 2026: Liberty EVM instruction set and Bridge V2 on NEVM.
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

Proof of Work coins

Supply

923,309,550 SYS are in circulation, against no fixed cap — issuance has no defined end.

Launch and allocation

Premine (allocated at launch)	39.5% of today's supply
Sold by the issuer or insiders	31.8% of today's supply
Developer share received since launch	11% of today's supply
Developer share of new coins today	70%
Fundraising	Public sale

Lower bound. Per Messari, 364M SYS were created at the Syscoin V1 mainnet launch (Aug 2014) and distributed mainly to crowdsale and presale participants, with 65M for core team funding and integrations and 35M for future VC or private rounds also listed. 364M / ~922M current = 39.5%. If the 100M team and VC amounts sit outside the 364M, the figure is ~50%. The masternode-voted governance superblock share of block rewards is not counted.

2014 crowdsale/presale raised ~1,500 BTC (ICO Drops: $782K, ended 2014-08-16), of which 750 BTC was stolen by the escrow agent. One source says 15% of initial supply was sold, conflicting with Messari's 'primarily to presale participants'.

The July-August 2014 presale (0.00000465 BTC/SYS) and crowdsale (0.00000518 BTC/SYS) raised ~1,500 BTC, implying ~290M-322M SYS. Messari's 364M V1 launch supply less the 100M listed for team and future VC gives ~264M. Range 264M-322M / ~922M current supply = 28.6%-34.9%; midpoint 31.8%.

A masternode-voted governance (superblock) budget is minted on top of the miner/masternode coinbase: Syscoin 4 started at 1.5M SYS/month in June 2019 (avg ~912K over two years), fell to ~151.8K/month from mid-2021, and since Syscoin 5 a dynamic budget has risen to 4.35-5M SYS/month (from ~mid-2025). Today the 4.35M superblock against ~1.6-1.9M/month of block rewards is ~70% of issuance. Arithmetic: superblock coinbase minus a normal block's coinbase, summed over every superblock height via Blockbook (43,800-block cycle before NEVM block 1,317,500, then 17,520), is 101.0M SYS / 922.4M = 11.0%; Syscoin 3 (2018-19) payouts inside the block-1 snapshot are not included, so this is a lower bound.

The sources conflict on how much of the 364M was sold versus kept, so soldPct is left null. The current supply figure is the site's (~922M); CoinPaprika shows 799M.

Sources: icodrops.com · messari.io · crypto.com · github.com · blockbook.syscoin.org · syscoin.org. Researched 2026-10-24, low confidence.

The work behind it

Syscoin is secured by 386 EH/s of its own work. Hashrate does not compare across algorithms — a SHA-256 hash and a Scrypt hash cost different amounts to produce.

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 Syscoin

Syscoin is #196 among cryptocurrencies and #1492 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 1296 places between Syscoin'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).