I think it's becoming a joke the extent to which coinmarketcap.com's crazy "circulating supply" default reporting policy is now being gamed to death by opportunistic token creators.
This is decentralised crypto, not some regulated stock issuance governed by contractural processes. If the coins are generated on the blockchain they are all in circulation. The blockchain does not make any liquidity distinction between one wallet and another - they are homogeneous, not heterogeneous which is the whole point of a blockchain anyway.
Hey, the coins in my wallet are "not circulating" ! Do I get to exclude them from the reported supply to increase the per-coin price ? Why should some wallet holders be allowed to do this and not others ?
Worst of all, the wallet holders who are allowed to have their wallet contents excluded from the CMC default marketcap are usually the people who created the tokens in the first place.
Can you get any bigger a conflict of interest than that ?
This market's building the dotcom bubble from hell and the ludicrous CMC "circulating supply" policy is one of the main engines fuelling it.
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I agree, the whole "circulating supply" topic is a mess. And most investors do not know about that until the day they want to run analysis on ICOs or any other analysis that needs historical data.
Token distribution is the base so I would expect a website or sort of organization dedicated to this task.
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Here is the real question to which I think the answer is "No":Is there any website dedicated to tracking
history of circulating tokens of any coin?
Ideally, for each time a crypto has tokens added or removed to its circulating amount, we'd want to know:
- amount
- exact date
- sent to whom (even if burnt, we want the address)
A “proof” for each change (coins added/removed to circulation) should be provided from an official source: official website, blog, twitter, blockchain explorer, email from team, else. This is a very important point because we have seen in several instances that data shown on CoinMarketCap is incorrect.
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Here is the simplified version of the above question to which I think the answer is again "No":Is there any website dedicated to tracking amount of distributed tokens of any coin?
Ideally, for each coin:
- init circulation - along with proof
- current circulation - along with proof
- total supply - along with proof
“along with proof” means an official source: official website, blog, twitter, blockchain explorer, email from team, else. This is a very important point because we have seen in several instances that data shown on CoinMarketCap is incorrect.
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Thanks in advance for helping the community sort that out. We desperately need higher quality in the crypto data we all access.