MinoTari (Tari)
XTM
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
XTM (MinoTari) represents the Layer 1 Proof-of-Work blockchain component of the Tari ecosystem, built in Rust by experienced Monero veterans and backed by prominent venture firms such as Pantera Capital and Blockchain Capital. Active development remains strong with regular versioned releases, hardware support, and consistent protocol improvements. Security is supported by a formal audit conducted by Coinspect in late 2023 / early 2024 covering critical codebase components, alongside an ongoing fuzzing and code-safety regime, with no record of hacks, exploits, or regulatory enforcement actions. However, the token faces substantial economic and market headwind challenges: market capitalization is low (~$2.2M-$2.4M), daily trading volume is thin, and the price has suffered a severe drawdown exceeding 99% from its all-time high. Additionally, tokenomics feature perpetual inflation and lack a hard supply cap, while governance remains centralized around core developers without a formal DAO voting structure.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About MinoTari (Tari) (XTM)
MinoTari (XTM) is the native Layer 1 Proof-of-Work mining token of the Tari network, an open-source, privacy-focused blockchain built in Rust. Founded in 2017 by Riccardo Spagni and Naveen Jain, the project raised approximately $14 million in backing from venture firms including Pantera Capital, Blockchain Capital, and Canaan. The Tari ecosystem utilizes a dual-token architecture where MinoTari (XTM) serves as the base-layer mining and settlement token, while Tari (XTR) functions as the utility token for Ootle, the network's Layer 2 smart contract platform. Under the network's Turbine model, XTM can be burned at a 1:1 ratio to generate XTR for Layer 2 interactions.
The base protocol incorporates privacy-preserving peer-to-peer mechanics and a 21 billion XTM base emission schedule over approximately 27.8 years, followed by a perpetual 1% tail emission without a hard supply cap. The initial token distribution included a 30% pre-mine allocated to development and backing entities under vesting schedules. In late 2023, security firm Coinspect conducted a formal audit covering roughly 60% of Tari's critical base-layer codebase, which the development team supplemented with internal memory-safety protocols and fuzzing campaigns.
The project faces notable economic, governance, and market headwinds. Following its 2025 peak, XTM experienced a severe price drawdown exceeding 99% from its all-time high of $0.07776, accompanied by a compressed market capitalization of roughly $2.2 million to $2.4 million and low daily trading liquidity. While the protocol has experienced no smart contract exploits, security breaches, or regulatory enforcement actions to date, governance remains centralized around the core development team without an on-chain decentralized autonomous organization (DAO), and the privacy-focused nature of the network subjects it to broader categorical regulatory scrutiny.