I saw that CMC finally added BTCP, but with an unknown circulation supply.
What is the current circulation supply and how to valuate the whole project?
The circulation supply is 20376189.
At current unit price of about $75, the Market Cap will be $1,528,214,175 .
This puts BTCP on top 20.
So there are left under 1M coins for mining only? Isn't this screwed??
This is from their whitepaper, one proposed solution to the problem.
Section 7
As stated in Section 2, the low amount of mineable Bitcoin Private
remaining after the fork could cause some problems, including extremely low
network hash rate. A possible solution is to offer the removal of coins that remain
unmoved from before the fork. If this implementation is chosen, approximately
0.14% of all unmoved Bitcoin Private coins from the fork would be removed daily
over the course of two years. In this scenario, Bitcoin Private coins would be
removed equally across all wallets: each wallet with unmoved Bitcoin Private will
lose ca. 0.14% of its coins per day for 2 years. This methodology would free up a
significant portion of coins for miners while giving ample time for users to move
their forked coins. Furthermore, the low percentage of daily removal should
prevent any shock to the market cap occurring.