How comes the market cap increased from 222.500 to 1.000.000 in an instant even though the price fell? (
https://coinmarketcap.com/currencies/qbic/)
Since
MARKET CAP = PRICE x SUPPLY, the obvious answer is that extra supply was generated, but how? Out of thin air?
It's a legitimate question... the answer is that the statistics on CMC had not been updating, so the total supply and the circulating supply were not accurate. We partnered with CMC to resolve the discrepancy, and they made the change a day or so ago. We hope that this time around it updates as coins are generated organically.
Thanks for inquiring vs. spreading FUD.
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
Very much appreciated, friend
Also thank you for your reply. Now if you don't mind me, I'd like to ask one more thing.
I was an early adopter of QBIC, I started mining it and holding it while also sponsoring the signature. However after 2 or 3 weeks with no signature payment and little communication from the dev team with bad engrish, I decide to sell at 10€ (lucky me!). Also this:
https://altmix.org/coins/42-QBIC/explorer/address/GMcez4BAxUbFYTAyesVQccVXzJpxWH9skJ seemed a bit fishy to me but maybe I don't understand something right.
Because of all of the above I've stopped following the project and this thread, but you seem to be someone new to the team? I also noticed talks about a new roadmap. Since the main thread is not updated I don't know where else to look for updates, can you please brief me in what's changed since ~3 weeks ago?