Thought (THT)
Thought ranks #356 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #5183: 4827 of the 5182 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.
| CoinSpectrum Grade | pending — no market data |
|---|---|
| Rank among cryptocurrencies | #356 |
| Rank counting claims | #5183 |
| Price | $0.00655 |
| Circulating supply | 0 THT |
| Maximum supply | 1,618,033,988 THT |
| Consensus family | Proof of Work |
| Consensus mechanism | Cuckoo Cycle (cuckoo24) |
| Own hashrate | — |
| 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. No market cap or no daily volume is reported for Thought by any source the site reads. 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 | 8.3 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 8.1 | fixed maximum supply of 1.62 billion |
| Distribution | 6.7 | average of 2 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 3.3 | 66.9% of today's supply allocated at launch to founders, a company, a foundation or investors. GetBlockSubsidy in thoughtnetwork/thought pays 809,016,994 THT at block 1 ('Special case for the first block allows premine'), half the 1,618,033,988 cap; against CoinMarketCap's ~1.21B total supply that is 66.9% (57% against FXEmpire's 1.42B, so the range is 57-67%). 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. Superblocks (the Dash-style treasury) are set to start at height 20,000,000 ('approx never') and SPORK_9_SUPERBLOCKS_ENABLED is off by default; the block reward is split between miners and masternodes, and masternode rewards are not a cut. source |
| Decentralisation | 6.7 | average of 3 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No coin-freeze function; the Dash-style spork key held by the developers can switch network features on or off but cannot freeze balances. source |
| No central team (Source) | 0 | A central team directs it: Thought Network / ThoughtAI controls the single repository github.com/thoughtnetwork/thought (MIT licence per README). 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 | — | 2.5 of 3 points, 5 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) | – | |
| 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) | 5 | one client, never released as a version; last change to the code Jul 2025 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 8.6 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $2e-8 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 5.7 | about 182 simple transactions a second |
| Block time (10 minutes 10, less either side) | 7.1 | a block every 1.6 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) | 10 | 4 MB limit, 24.8 MB per 10 minutes |
| Features (3 checks) | 10 | 3 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✓ | Dash-0.12-derived code with masternode InstantSend (SPORK_2_INSTANTSEND_ENABLED on by default), which locks inputs within seconds; whether enough masternodes still run to serve locks was not verified. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Thought Core (Dash 0.13-based, unreleased master): -prune keeps the UTXO set and recent blocks. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | Thought Core (Dash 0.13-based, unreleased master) serves BIP37 Merkle proofs to SPV clients, which check the Cuckoo Cycle proof of work in headers. |
| 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 | Thought's Bitcoin-derived node (thoughtnetwork/thought) has no identity rule: anyone generates keys and receives and sends the coin. |
| 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 Bitcoin-style amounts; no confidential transactions. |
| Hidden parties (Sender and receiver hidden) | 0 | Transparent addresses and inputs; no ring signatures or stealth addresses. |
| Network privacy (Origin hidden by default) | 0 | Thought Core (Dash 0.13-based, unreleased master): no Dandelion; Tor is only used if the operator runs and configures it. |
| Programmability | 3.3 | 3 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts (Scripting for spending conditions) | 1 | Thought runs Bitcoin-style Script limited to spending conditions (signatures, hash locks, multisig); no contract VM or token introspection. |
| Multisig and time locks (Without a third party) | ✓ | OP_CHECKMULTISIG plus CLTV enforced from genesis (BIP65Height = 0 in Thought chainparams); CSV is a 2019 BIP9 deployment. |
| Atomic swaps (With other chains) | ✓ | HTLCs built from Script hash locks (OP_SHA256/OP_HASH160) with a CLTV refund branch are standard Script, so cross-chain hash-locked swaps work on Thought. |
| 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) | ✗ | Thought nodes verify no other chain; no protocol-level cross-chain messaging. |
| NFTs (Carried by the chain's rules) | ✗ | No token or NFT type in the Thought consensus rules. |
| Demand | 0.3 | average of 3 measures |
| Exchanges (10 or more: 10) | 0 | no exchange the site reads trades it |
| Daily volume ($10K 0, $1B or more 10) | 0 | $55 traded in 24 hours; #3912 by volume |
| Turnover (volume ÷ market cap, 5% a day: 10) | – | not measured |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | – | not measured |
| Market cap ($1M 0, $10B or more 10) | – | not measured |
| 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 | 4.7 | average of 3 criteria |
| Age (years since genesis) (Source) | 4 | 4 full years since 2022-03-21, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 0 | 0 positive, 6 negative source |
| Negative | ||
| Steady work, 0 of 6 | ✗ | 0 commits in 0 of the last 12 months (github.com/thoughtnetwork/thought); thoughtnetwork/thought has no GitHub releases or tags; the latest commit is 'Ignore vscode files.' on 2025-07-23, and no release has been published in 24 months. |
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2024-52914: crafted orphan transactions can stall the node for hours in the uninterruptible orphan-resolution loop; still in Thought HEAD. bitcoincore.org github.com |
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2020-14198: misbehaving peers are auto-banned into an unbounded ban list, so many attacker addresses can exhaust CPU and memory; still in Thought HEAD. bitcoincore.org github.com github.com |
| Unfixed vulnerability, disclosed 2024-07-31, −1 | ✗ | CVE-2024-52919: addr-message spam can overflow the address manager's 32-bit id counter and crash the node, with no addr rate limit; still in Thought HEAD. bitcoincore.org github.com |
| Unfixed vulnerability, disclosed 2024-09-18, −1 | ✗ | CVE-2019-25220: a long low-difficulty header chain can exhaust memory because the node has no headers pre-synchronisation; still in Thought HEAD. bitcoincore.org github.com github.com |
| Unfixed vulnerability, disclosed 2024-10-08, −1 | ✗ | CVE-2024-35202: a crafted blocktxn message trips the assert in compact-block reconstruction and crashes the node; still in Thought HEAD. bitcoincore.org github.com github.com |
| 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
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
MinoTari (Tari L1) XTM
Neptune XNT
GlobalBoost BSTY
Terracoin TRCAll Proof of Work chains →Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
TRON TRXA
Hyperliquid HYPEB
Cardano ADAA
NEAR Protocol NEARAAll Proof of Stake chains →Supply
0 of a maximum 1,618,033,988 THT are in circulation — 0.0% of the total that will ever exist.
Launch and allocation
| Premine (allocated at launch) | 66.9% of today's supply |
|---|---|
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
GetBlockSubsidy in thoughtnetwork/thought pays 809,016,994 THT at block 1 ('Special case for the first block allows premine'), half the 1,618,033,988 cap; against CoinMarketCap's ~1.21B total supply that is 66.9% (57% against FXEmpire's 1.42B, so the range is 57-67%).
No ICO or public sale found; the use of the 809M premine is undocumented.
How much of the block-1 premine was sold or distributed is not documented in sources found.
Superblocks (the Dash-style treasury) are set to start at height 20,000,000 ('approx never') and SPORK_9_SUPERBLOCKS_ENABLED is off by default; the block reward is split between miners and masternodes, and masternode rewards are not a cut.
Half the hard cap was premined in block 1. No explorer was found to confirm current height, supply or activity.
Sources: raw.githubusercontent.com · raw.githubusercontent.com · raw.githubusercontent.com · github.com · thought.live. Researched 2026-10-26, low confidence.
The work behind it
No source we can reach publishes a hashrate for Thought.
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 Thought
Thought is #356 among cryptocurrencies and #5183 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 4827 places between Thought'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).