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Verona (VERONA)

VERONA price chart

Verona ranks #138 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #891: 753 of the 890 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 1149 non-native assets CoinSpectrum lists above it by market cap, about 58% are tokens, 32% are claims on other assets, 9% are memecoins and 1% are NFT collections.

CoinSpectrum Grade	A · 65/100 · provisional, B to A
Rank among cryptocurrencies	#138
Rank counting claims	#891
Market capitalisation	$10M
Price	$0.1094
Circulating supply	92,675,958 VERONA
Maximum supply	200,000,000 VERONA
Consensus family	Proof of Stake
Consensus mechanism	Tendermint (CometBFT)
Network purpose	General purpose
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)

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 60 to 72 (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	8.1	the supply scale times 0.9, and a point for a fixed cap that holds
Supply (21 million scores 10)	9	fixed maximum supply of 200 million
Distribution	6	average of 3 parts
Holder concentration (Source)	–	Not yet measured
Active addresses	–	Not yet measured
Premine (allocated at launch)	0.6	94.1% of today's supply allocated at launch to founders, a company, a foundation or investors. Verona is the renamed XION (Burnt). The 200M genesis supply was allocated in full: strategic backers 26.81%, ecosystem incentives 23%, team 20%, community and launch 15.19%, protocol and foundation 15%. Current on-chain supply is 212,461,711 XION (bank supply of uxion, 2026-10-23); the difference is staking inflation. source
Fundraising (share sold) (Source)	7.5	Sold by its issuer or insiders: 25.2% of supply sold. Burnt/XION reportedly raised about $36M: $3M pre-seed (2021), $8M seed (2022), an undisclosed strategic round (2023), and a $25M Series A (April 2024) with Animoca Brands, Multicoin, Laser Digital, Arrington, Draper Dragon, Sfermion and GoldenTree. Strategic backers hold 26.81% (53.62M). source
Developer share (after launch)	10	Developer share: about 0.12% of today's supply received so far; 2% of each new block reward goes to them today. The Cosmos SDK community tax sends 2% of block rewards (inflation plus fees) to the community pool (on-chain parameter, xion-mainnet-1). Supply is 212.47M against 200M at genesis, so ~12.5M has been minted, and 2% of that is ~0.25M, about 0.12% of supply. source
Decentralisation	2.5	average of 2 parts
Governance (Source)	–	Not yet researched
No central team (Source)	0	A central team directs it: Verona (formerly XION) is developed by Burnt Labs in the burnt-labs repository. source
Who can mint (Source)	5	Gated by stake rank: only a capped set of the largest stakes produces blocks
Nodes (Source)	–	Not yet counted
Security	6.9	5.5 of 8 points source
Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points)	10	largest 19.06%, largest three 40.76%
Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points)	3.5	about 3,471 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	8.4	average of 5 parts source
Fees ($0.001 or less 10, $1 or more 0)	10	typical fee $0.00061
Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5)	10	about 18,000 simple transactions a second
Block time (10 minutes 10, less either side)	2.2	a block every 4.04 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)	10	22 MB limit, 3270 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)	✓	CometBFT single-block deterministic finality, with blocks averaging about 4.1 s.
Pruned nodes (Old history dropped, every rule checked · Whitepaper §7)	✓	Cosmos SDK state pruning and CometBFT state sync.
Light clients (Payments verified from headers · Whitepaper §8)	✓	CometBFT light client protocol verifies signed headers against the validator set, as used by IBC.
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	Any key can hold and send VERONA; the Cosmos SDK bank and auth modules carry 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	Transfers are public.
Hidden parties (Sender and receiver hidden)	0	Accounts are public.
Network privacy (Origin hidden by default)	0	CometBFT mempool gossip with no Dandelion or built-in Tor.
Programmability	8.9	8 of 9 points source
Token issuance (At protocol level)	2	Token Factory module open to any account for a 1,000-coin denom fee, and CosmWasm contracts (including CW-20) that anyone may instantiate, though new code uploads go through governance.
Smart contracts (General-purpose)	2	The former XION chain (renamed Verona in June 2026) runs CosmWasm contracts with abstract accounts; new code uploads go through governance.
Multisig and time locks (Without a third party)	✓	Cosmos SDK threshold multisig keys, x/auth/vesting and CosmWasm abstract-account contracts.
Atomic swaps (With other chains)	✓	HTLCs can be written as CosmWasm contracts.
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)	✓	IBC transfer, interchain accounts, callbacks and packet-forward middleware (ibc-go v11).
NFTs (Carried by the chain's rules)	✓	CW-721 contracts run by its CosmWasm module.
Demand	5.9	average of 7 measures
Exchanges (10 or more: 10)	7	7 exchanges
Daily volume ($10K 0, $1B or more 10)	2.9	$238,186 traded in 24 hours; #1121 by volume on the exchanges the site reads (scored on the median day of the last 30, $267,514)
Turnover (volume ÷ market cap, 5% a day: 10)	8.8	3.0% of its market cap a day, median of the last 30 days
Order-book depth (±2% of the price ÷ market cap, 1%: 10)	9	$52,044 within 2% of the price on 5 exchanges, 0.51% of its market cap, median of the last 15 days
Market cap ($1M 0, $10B or more 10)	2.5	$10M, 2.5 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	average of 3 criteria
Age (years since genesis) (Source)	1	1 full year since 2024-12-05, the first day with a recorded price (genesis not yet researched, so the age can only be understated).
Development (work, fixes, vulnerabilities)	7	2 positive, 0 negative, 1 not yet researched source
Positive
Steady work, 6 of 6	✓	354 commits in 11 of the last 12 months (github.com/burnt-labs/xion); XION (Verona) v32.0.1, released 2026-10-24.
Shipped a security fix in two years, +1	✓	xiond v31.0.0, mainnet upgrade 22 Sep 2026: embargoed CosmWasm security release; v31.0.1 (Oct 2026) fixed a Barretenberg public-inputs vulnerability.
Not yet researched
Shipped a new capability for users in two years	–
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

Proof of Work coins

Supply

92,675,958 of a maximum 200,000,000 VERONA are in circulation — 46.3% of the total that will ever exist.

Launch and allocation

Premine (allocated at launch)	94.1% of today's supply
Sold by the issuer or insiders	25.2% of today's supply
Developer share received since launch	0.12% of today's supply
Developer share of new coins today	2%
Fundraising	Private or venture funding

Verona is the renamed XION (Burnt). The 200M genesis supply was allocated in full: strategic backers 26.81%, ecosystem incentives 23%, team 20%, community and launch 15.19%, protocol and foundation 15%. Current on-chain supply is 212,461,711 XION (bank supply of uxion, 2026-10-23); the difference is staking inflation.

Burnt/XION reportedly raised about $36M: $3M pre-seed (2021), $8M seed (2022), an undisclosed strategic round (2023), and a $25M Series A (April 2024) with Animoca Brands, Multicoin, Laser Digital, Arrington, Draper Dragon, Sfermion and GoldenTree. Strategic backers hold 26.81% (53.62M).

The Cosmos SDK community tax sends 2% of block rewards (inflation plus fees) to the community pool (on-chain parameter, xion-mainnet-1). Supply is 212.47M against 200M at genesis, so ~12.5M has been minted, and 2% of that is ~0.25M, about 0.12% of supply.

The site has no label yet. Trackers quote 200M as both total and max supply, but on-chain supply is already 212.5M and inflation is active, so 'max 200M' is wrong. Burnt's own whitepaper gives a slightly different split (ecosystem 23%, team 20%, strategic backers 27%); the premine total is unaffected. The $36M total comes from one aggregator.

Sources: api.xion-mainnet-1.burnt.com · api.xion-mainnet-1.burnt.com · app.tokenomics.com · coincarp.com · alphagrowth.io. 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 Verona

Verona is #138 among cryptocurrencies and #891 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 753 places between Verona'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).