Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SFR] SaffronCoin | SFRDirect | Orion: Decentralized Cross-Crypto Mail
by
hamzatu
on 12/08/2014, 01:02:17 UTC
The new wallet is nice. Re-size is perfect. It appears that the (marketcap x totalcoins != valuation). Valuation does not seem correct.

The market cap is not taken for total valuation. The BTC price is taken from Bitstamp and the SFR price from Bittrex. The exchange rates for USD, EUR, INR, CNY are taken from coindesk.
Numerically calculating all that gives the total value in BTC and fiat as displayed in the wallet.

I have to ask then what is the point of the marketcap? And, if it is valid wouldn't it be easier to calculate based on it? The difference is significant.