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Topic: Osmosis (Read 66 times)

legendary
Activity: 2072
Merit: 1315
February 07, 2023, 03:25:40 AM
#6
Its like the top 1 dex on cosmos ecosystem. I could compare that to dex of bsc such as pancakeswap and uniswap of erc20 tokens. What is goof is that osmo got some free airdrop when you stake it. Though I dont have that, I always seen a lot of freebies from staking osmo, too bad I didnt cause I am holding atom recently which i envy those who got drop of this when given to atom holders.
hero member
Activity: 868
Merit: 1094
February 07, 2023, 01:59:38 AM
#5
Or it could be a source error where you got these figures from.
Maybe, but the circulating supply is even higher on Coingecko than Coinmarketcap, I used Coinmarketcap. Which means the circulating supply is higher on Coingecko. Maybe both sites are not getting the value right.

Yeah that's interesting. My guess is the total supply information is not up to date while the circulating supply data is updated in real-time based on API (i.e. https://api-osmosis.imperator.co/supply/v1/osmo)
Oh! Probably what happened, thanks for bring it clear.

So you earn just by storing the coin or token in your wallet without joining any staking pool? That would be cool but probably not the case here.
It is the case here, there are some coins you can connect to a node and stake directly on your wallet, some of other coins like solana, zilliqa, atom and some others can be staked like that too.
sr. member
Activity: 1526
Merit: 412
February 06, 2023, 11:14:53 AM
#4
So you earn just by storing the coin or token in your wallet without joining any staking pool? That would be cool but probably not the case here.
My guess on the supply "discrepancy" is the same above that the data from market aggregators is not up to date. It's also possible the team behind Osmosis are still unaware of the fact so better ask them to talk to Coingecko or CMC.
staff
Activity: 2440
Merit: 1616
Crypto Swap Exchange
February 06, 2023, 10:24:02 AM
#3
Is osmosis a good coin? I noticed that you can stake the coin directly on wallet and earn some percentage profit. But I checked the coin market information.
This looks like a solid project in the Cosmos ecosystem, one of its leading DEX I assume. It has been around for years and has a respectable TVL at almost $200 million. I'm not a regular user of Cosmos chains, but it is safe to say that this isn't a random scam coin. The platform fulfils a specific use case, i.e. interchain DEX in the Cosmos eco.

Maximum supply: 1 billion
Circulating supply: 492.59 million
Total supply: 325 million

It has a good marketcap which is $495 million, but why is the circulating supply higher than the total supply? All the coins that I have checked before, either the circulating supply is lesser than or equals to the total supply, why higher this time?
Yeah that's interesting. My guess is the total supply information is not up to date while the circulating supply data is updated in real-time based on API (i.e. https://api-osmosis.imperator.co/supply/v1/osmo)
sr. member
Activity: 2254
Merit: 439
Cashback 15%
February 06, 2023, 09:31:40 AM
#2
Is osmosis a good coin? I noticed that you can stake the coin directly on wallet and earn some percentage profit. But I checked the coin market information.

Maximum supply: 1 billion
Circulating supply: 492.59 million
Total supply: 325 million

It has a good marketcap which is $495 million, but why is the circulating supply higher than the total supply? All the coins that I have checked before, either the circulating supply is lesser than or equals to the total supply, why higher this time?
I don't know exactly, but maybe it has something to do with the stacking of coins? Total supply is calculated as the number of coins in the stacking. Circulating supply is possibly the number of coins, including %APY, which is very large, unlike other projects. Or it could be a source error where you got these figures from.
hero member
Activity: 868
Merit: 1094
February 06, 2023, 08:28:00 AM
#1
Is osmosis a good coin? I noticed that you can stake the coin directly on wallet and earn some percentage profit. But I checked the coin market information.

Maximum supply: 1 billion
Circulating supply: 492.59 million
Total supply: 325 million

It has a good marketcap which is $495 million, but why is the circulating supply higher than the total supply? All the coins that I have checked before, either the circulating supply is lesser than or equals to the total supply, why higher this time?
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