what is the circulating supply ?
CIRCULATING SUPPLY: 202,5m SPHTX
(we have already asked Coinmarketcap for add this information)
Regarding market cap tokens allocation as per whitepaper:
- circulating supply of tokens: total 202,5 mil SPHTX tokens
- 150 mil TGE/ICO, 52,5 mil team tokens not locked
- NOT included in circulating supply and market cap calculation: 122,5 mil tokens locked for 12 months, 25 mil reserved for next ICO/TGE
- 150 mil reserved for mining on main net
So let me see if I get this right.. You total/max supply is 202,5 mill + 122,5mill + 25mill + 150mil = 500mill?
Also important to know is, why is your teams 52,5 million not locked up? Most team lock up this to prevent price drop after the ICO.
What if a team member decides to drop a milli on the investors? Price will drop also with a milli in the minus.
Our team needs some funds for development, operation and marketing. But we locked most of the tokens (70 %) for at least 12 months to prevent fears from dumping all the teams tokens and prove that we have a serious project. Of course we could not lock all the tokens since we need funding for our operations.