What is the difference between "Circulating Supply", "Total Supply", and "Max Supply"?
Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public's hands.
Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public's hands.
Indeed. And VERI, the "circulating supply" by the best accounts that can be gleaned from this thread is the 98 Million, not the 2 Million. Thanks for making my case for me
All it proves is that you're either here to continue to spread FUD, in the hope to get in at lower price levels, is an outright idiot or are getting off on all the BS you're circulating (as all trolls do). I suspect it might be a mix of all.
For the last time... Veritaseum has previously made it clear that the 98 million or so are not available for sale to the public. Those VERI tokens are reserved for large private investors, institutions and sovereigns. Those are being sold OTC directly from Veritaseum offices. Those are not earmarked for trading, but to give access to the machine itself.
Why is the Circulating Supply used in determining the market capitalization instead of Total Supply?
We've found that Circulating Supply is a much better metric for determining the market capitalization. Coins that are locked, reserved, or not able to be sold on the public market are coins that can't affect the price and thus should not be allowed to affect the market capitalization as well. The method of using the Circulating Supply is analogous to the method of using public float for determining the market capitalization of companies in traditional investing.
Source: https://coinmarketcap.com/faq/