SaveCoin's Market Cap
SaveCoin's Market Cap was briefly set today at approximately $867,000 on coinmarketcap.com. Anyone see it?
This was because they included the 20 million pre-mined coins into the available supply. Later in the day, they decided to remove the pre-mine and make the available coin supply 89,689 making our Market Cap $5,290. This is a big difference and exposes the confusion over our coin supply.
So what is our correct available coin supply since Proof of Funds is a new concept to many?
1. 89,689 which corresponds to 1 new coin per block = Market Cap of $5,290
2. 20,089,689 which is number 1 plus the 20 million pre-mine = Market Cap of $1,185,000.92
3. 89,689 + interest paid to date + 1 million pre-mine (since the unpaid interest is not technically available coin supply) = Market Cap of $67,349.83
I think our market cap should be accurate for future investors. I also think option #3 is the most accurate.
Anyone concur?
Is the premine usually included in others coins marketcap ?