Quote from: Spratan on June 17, 2014, 07:42:37 AM

Quote from: tuvokcoin on June 17, 2014, 01:32:13 AM

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 ?

It was for Auroracoin, it overtook litecoin in value within a day or two of launching. (I actually made some money from auroracoin, it was what got me into coins in the first place)

marsandotherplanets

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