Hi CoinmarketCap Support.
EFL - Electronic Gulden is including premine in marketcap value. It should be like AUR which only has mined coins included. The premine for EFL is 10 500 000 (50% of total coins) or have the rules changed and coins can say if they have spent Premine?
This would be bad as devs could dump out to themselves and claim premine is on the market.
You are telling something what is not true.
Only the EFL premine coins which are in circulation are added up to the total marketcap.
They have an influence on the current price per coin. Everyone can buy and sell them now because they are in circulation.
So it's more than logical that they are added up to the current marketcap.
This will open a can of worms for other premine coins to abuse... the whole reason coinmarketcap changed the system was because it was unfair to coins that didn't use a premine at all.
Tomorrow I can create a coin with 90% premine, find a quick and seemingly plausible way to dump them onto the market and boost the marketcap way above how it was entered into the market via decentralized methods.
I think coinmarketcap will need to explain the situation going forward so all coins can be on a level playing field otherwise just add the premine like it was before and let people decide what coins they want to back.
I have already PM'd Gliss about this and it will be corrected soon. So don't panic, all the other coins values are fine from what I can tell. Israel coin has 90% premine and would be a top 20 coin if the premine was included. It looks to be a mistake that was made for this one.