Great discussion going on. It makes the most sense to report the full amount in circulation. That is the equivalent of “issued shares” in the corporate world. Any other way would only create more confusion. Our industry is already plenty confused.
As an example, most people still think that DNotes is doing an ICO. No, we are not. DNotes is not and has never been involved in any ICOs. Instead, GNotes Global, Inc. is preparing for a Reg. A+ Mini-IPO Tier 2 to raise up to $50 million from accredited and non-accredited investors worldwide. This is a costly and time-consuming process that must be “Qualified” by the SEC before we can accept any investment.
Meanwhile, we have been working on the first funding round using Reg. D 506 (c) to raise up to $5 million from accredited investors to fund our continued software development and the Mini-IPO.
Regarding exchanges for DNotes – I am glad that Cryptopia will be listing DNotes 2.0 on May 12, 2018. Although not ideal, I think that is still our best case so far. Because of the ICO craze, our industry has changed dramatically. My sense is that most of the smaller coins will be squeezed out. That is not a surprising outcome. When the dust settled, only a small number will survive. We have always positioned DNotes to be one of the few to survive the test of time. Over the longer-term, many surviving exchanges will want to list DNotes.