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Topic: The "real" marketcap of premined coins. (Read 493 times)

full member
Activity: 224
Merit: 100
DigiByte Founder
March 24, 2014, 01:09:36 PM
#3
Very interesting way of looking at marketcap data. Would be interesting to see a fully compiled list ranked in order calculated in this manner.
hero member
Activity: 517
Merit: 502
March 24, 2014, 12:45:44 PM
#2
Here is Auroracoin:

Total coins as of now: 10,631,376 AUR
Premined: 10,000,000 AUR

Coins in circulation= Total coins - Premined = 631,376 AUR

Market cap = Coins in circulation *  12.80$     =  8,081,612.00$

And Spaincoin:

Total coins as of now: 25,809,293 SPA
Premined: 25,000,000 SPA

Coins in circulation= Total coins - Premined = 809,293 SPA

Market cap = Coins in circulation *  0.23$     =  186,137.00$
hero member
Activity: 517
Merit: 502
March 24, 2014, 11:32:27 AM
#1
Here is an example on how to calculate the real market cap on lets say Aphroditecoin.

Aphroditecoin:

Total coins as of now: 22,541,720 APH
Premined: 22,500,000 APH

Coins in circulation= Total coins - Premined = 41,720 APH

Market cap = Coins in circulation * 1.42$ = 59,242 $

Interesting fact: 24h trading volume is at 50,000$

Now that is crazy, it "could" go up 100x in price, market cap of 5 mil is not "that" unrealistic.
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