Possible I'm wrong. Could you explain how it works?
if all the coins were mined then it would be correct. But it's basically how many coins have been mined to date.
Bitcoin for example right this second has 12 million+ bitcoins in circulation. but a total of 21 million will be mined in the future. You work out the total by the amount of coins currently in existence. not how many there are going to be. unless they have all already been mined.
icoin i think will have 17.5 million in the first year in circulation, so any estimation of price should be using that number as a basis of value....Althou that number could be slightly wrong. i read it from a fellow Icoiner and didn't check the accuracy.
But it will take 900 years to have the total number of coins in circulation
I understand now that there will be only 17.5 million first year. But even an 1.75 million market cap (=0.1$/ICN) seems hard to reach. There are so many new coins sharing the same (not very large) market and most of them have only 5-6 digit numbers (
). For example, what has iCoin more than Vertcoin (which was the most succesful coin in recent times) to gain a larger market cap?