⭐ Merited by Phash2k (1)
Right now in discord, you can't get SEM unless you pay about 23k satoshi btc per SEM. Thats around $2.5 per SEM. Given that SEM in circulation is about 25 million (the other 75 million is block rewards), we can say that the market cap is around $60+ million.
You don't correctly determine the number of coins in circulation. Coins that are in the hands of the developer can not be attributed to coins in circulation. Therefore now it is much less coins on hands. I did not count for sure, but something about 3-5 million. Only these coins are now available for sale. More precisely, they can be accessed if someone wants to sell them.
Just for info: 3,629,289 SEM in votes.
Do you mean that developer doesn't join the voting process and validation?
That is correct. The following coins will not be part of the voting process and validation:
# Balance % of coins Address & Name
1 9 866 788.89 SEM 39.5261% 0x541365fe0818ea0d2d7ab7f7bc79f719f5f72227 foundation (10M)
2 5 988 483.96 SEM 23.9897% 0x1504263ee17446ea5f8b288e1c35d05749c0e47d community distribution (10M)
3 4 553 279.97 SEM 18.2403% 0xe30c510f3efc6e2bf98ff8f725548e6ece568f89 founders premine
Source: https://semux.info/richlist