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MinoTari (Tari L1) (XTM)

XTM price chart

MinoTari (Tari L1) ranks #337 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #4577: 4240 of the 4576 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	#337
Rank counting claims	#4577
Price	$0.00102
Circulating supply	0 XTM
Maximum supply	no fixed cap
Consensus family	Proof of Work
Consensus mechanism	Multi-algo: RandomX (merge-mined + solo), SHA3x, Cuckaroo29
Own hashrate	676 TH/s
Network purpose	Payments
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)

Grade pending. No market cap or no daily volume is reported for MinoTari (Tari L1) 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	—	Supply not reported
Distribution	7.1	average of 2 parts
Holder concentration (Source)	–	Not yet measured
Active addresses	–	Not yet measured
Premine (allocated at launch)	4.1	58.6% of today's supply allocated at launch to founders, a company, a foundation or investors. The mainnet genesis (May 2025) holds a 6.3B XTM pre-mine (30% of the 21B main emission): protocol 1.89B, community 1.05B, contributors 0.84B and participants 2.52B, released on vesting time-locks. Miners have received ~4.45B since then (coinbase decayed exponentially from 13,952.9 XTM at block 1 to 10,046.1 at block 373,738). 6.3B / ~10.75B = 58.6%. source
Fundraising (share sold) (Source)	–	Sold by its issuer or insiders: share sold not yet researched. Not established: Tari Labs raised venture money in 2017-18 and held no ICO, and the code does not show whether any pre-mine tranche went to investors. Tari Labs raised seed venture funding in 2017-2018 (reported backers include Redpoint, Trinity Ventures, Canaan Partners, Slow Ventures and Aspect Ventures); the team said there would be no ICO. Amounts are not published. source
Developer share (after launch)	10	No developer share: every new coin goes to the miners or validators who produce blocks. The block reward goes entirely to the miner of each of the four proof-of-work algorithms; development is funded from the pre-mine's protocol and contributor tranches, not from issuance. source
Decentralisation	6.7	average of 3 parts
Governance (Source)	10	No authority can halt the chain or freeze funds: No protocol-level party can freeze or claw back ordinary users' XTM; only the pre-mine tranches carry time-locks. source
No central team (Source)	0	A central team directs it: The minotari node is developed in tari-project/tari (BSD-3-Clause), mainly by Tari Labs staff, who set the release and hard-fork schedule. 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	7.4	4.4 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)	4.7	about 9,100 transactions a day
Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point)	7.7	own work 5; about 6.1 MW (estimated from its miner pay), 2.7 of 5; several algorithms
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	5.7	average of 5 parts source
Fees ($0.001 or less 10, $1 or more 0)	10	typical fee $7e-7
Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5)	0	about 5.8 simple transactions a second
Block time (10 minutes 10, less either side)	7.5	a block every 2.1 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)	7.7	1.44 MB limit (converted from its gas, compute, mass or count limit), 6.93 MB per 10 minutes
Features (3 checks)	3.3	1 of 3 passed
Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11)	✗	Two-minute blocks across four PoW algorithms with probabilistic confirmation; no instant locks.
Pruned nodes (Old history dropped, every rule checked · Whitepaper §7)	✓	Minotari base node supports pruned mode (pruning_horizon in [base_node.storage]).
Light clients (Payments verified from headers · Whitepaper §8)	✗	Wallets scan through a trusted base node; there is no SPV-style proof protocol.
Privacy	8.7	8.7 of 10: whitepaper privacy 7 of 7, extra features 1.7 of 3 source
Protocol level privacy (Keys not tied to an identity · Whitepaper §10)	10	Outputs are locked by keys and TariScript that anyone creates; no identity rule.
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)	10	One-time (stealth) addresses: every payment goes to a new address derived from the receiver's public address, unlinkable on chain (one-sided payments)
Hidden amounts (Amounts confidential)	10	Mimblewimble confidential transactions since the May 2025 mainnet launch hide every amount.
Hidden parties (Sender and receiver hidden)	0	One-sided stealth payments hide the receiver, but senders' inputs are not hidden by ring signatures or ZK proofs.
Network privacy (Origin hidden by default)	0	Minotari base node default transport is tcp_tor (both, prefer TCP); Tor-only is an opt-in setting, and there is no Dandelion.
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	TariScript on the Minotari base layer: a stack script of spending conditions (signatures, hashes, heights, multisig), with no contract VM; contracts are left to the Ootle layer.
Multisig and time locks (Without a third party)	✓	TariScript opcodes CheckMultiSig / CheckMultiSigVerify (m-of-n) and CheckHeightVerify / CompareHeightVerify (height locks).
Atomic swaps (With other chains)	✓	TariScript was built for HTLCs; the console wallet has started, claimed and refunded SHA-256-preimage HTLC swaps since version 0.21.2.
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)	✗	Merge mining with Monero shares proof of work, not messages; no protocol-level cross-chain messaging.
NFTs (Carried by the chain's rules)	✗	The base layer only accounts for the native coin; digital assets are designed for the Ootle second layer.
Demand	0.8	average of 3 measures
Exchanges (10 or more: 10)	1	1 exchange
Daily volume ($10K 0, $1B or more 10)	0.3	$8,579 traded in 24 hours; #2501 by volume on the exchanges the site reads (scored on the median day of the last 15, $13,399)
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	6	average of 3 criteria
Age (years since genesis) (Source)	1	1 full year since 2025-05-20, 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 source
Positive
Steady work, 6 of 6	✓	585 commits in 12 of the last 12 months (github.com/tari-project/tari); tari-project/tari v6.2.0, 19 Oct 2026; v6.0.1, v6.1.0 and v6.2.0 shipped in October 2026 alone.
Shipped a security fix in two years, +1	✓	Mainnet hard fork at height 350,000 (about Sep 2026, v6.x) fixed GHSA-3qmx-q9pv-f3m4 (Cuckaroo cycle verification, RandomXT pow_data, Merkle-parameter decoding and Monero coinbase checks).
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

Proof of Stake coins

Supply

0 XTM are in circulation, against no fixed cap — issuance has no defined end.

Launch and allocation

Premine (allocated at launch)	58.6% of today's supply
Developer share received since launch	0% of today's supply
Developer share of new coins today	0%
Fundraising	Private or venture funding

The mainnet genesis (May 2025) holds a 6.3B XTM pre-mine (30% of the 21B main emission): protocol 1.89B, community 1.05B, contributors 0.84B and participants 2.52B, released on vesting time-locks. Miners have received ~4.45B since then (coinbase decayed exponentially from 13,952.9 XTM at block 1 to 10,046.1 at block 373,738). 6.3B / ~10.75B = 58.6%.

Tari Labs raised seed venture funding in 2017-2018 (reported backers include Redpoint, Trinity Ventures, Canaan Partners, Slow Ventures and Aspect Ventures); the team said there would be no ICO. Amounts are not published.

Not established: Tari Labs raised venture money in 2017-18 and held no ICO, and the code does not show whether any pre-mine tranche went to investors.

The block reward goes entirely to the miner of each of the four proof-of-work algorithms; development is funded from the pre-mine's protocol and contributor tranches, not from issuance.

Mainnet launched 6 May 2025. MEXC suspended XTM deposits and withdrawals on 11 Nov 2025 at the project's request, without a stated reason; no chain halt or reorg was documented. The merge-mined quarter of blocks depends on Monero pools, which in 2025 faced Qubic's majority-hashrate campaign.

Sources: github.com · github.com · textexplore.tari.com · tari.substack.com · crypto.news. Researched 2026-10-26, medium confidence.

The work behind it

MinoTari (Tari L1) is secured by 676 TH/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 MinoTari (Tari L1)

MinoTari (Tari L1) is #337 among cryptocurrencies and #4577 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 4240 places between MinoTari (Tari L1)'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).