Hi all - I have a Market Cap discrepancy that hopefully someone can answer.
I was reading the Tokenomics page on the Main Website and 1.25 Billion tokens were originally minted and distributed to early investors, devs, etc. Yet, when I look at CoinGecko, the circulating supply is 23 million.
That seems to cause an issue with overall value of the company.
The originally minted 1.25B coins are locked until Oct 2021, what happens when these enter the market? You would have to divide the price per token of these bringing overall price per token way down:
Current circulating supply:
24.13€ x 23 Million = 550M€ Market Cap(MC)
Actual Circulating supply come Oct:
24.13€ x 1.25B = 30B€ MC?
If we assume the price stays the same, that would mean.
550M€ MC / 1.25B tokens = 0.44€ per Token
Am I missing something?
Looking for clarification
Thanks in advance,