Unlocked Supply Does Not Mean Circulating Supply
SHELL supply data differs significantly across platforms.
Some trackers report around 270 million tokens in circulation, while other sources give a figure close to 457.8 million. Around November 12, Tokenomist reported that approximately 480.3 million tokens had been unlocked, equivalent to nearly 48% of the maximum supply of 1 billion.
Three concepts to distinguish:
- Circulating Supply: the supply that a platform counts as being in circulation.
- Unlocked Supply: tokens that are no longer subject to lockup or vesting restrictions under the schedule.
- Max Supply: the maximum supply defined by the token's design.
Unlocked tokens have not necessarily been sold on the market. Therefore, unlocked supply cannot be directly substituted for circulating supply when calculating market capitalization.
#SHELL #TokenSupply #Tokenomics
SHELL supply data differs significantly across platforms.
Some trackers report around 270 million tokens in circulation, while other sources give a figure close to 457.8 million. Around November 12, Tokenomist reported that approximately 480.3 million tokens had been unlocked, equivalent to nearly 48% of the maximum supply of 1 billion.
Three concepts to distinguish:
- Circulating Supply: the supply that a platform counts as being in circulation.
- Unlocked Supply: tokens that are no longer subject to lockup or vesting restrictions under the schedule.
- Max Supply: the maximum supply defined by the token's design.
Unlocked tokens have not necessarily been sold on the market. Therefore, unlocked supply cannot be directly substituted for circulating supply when calculating market capitalization.
#SHELL #TokenSupply #Tokenomics