Primary Market | What’s the difference between circulating market cap and FDV?
Circulating market cap = current price × the number of tokens in circulation.
FDV is simply a reference valuation calculated using the current price. To assess the actual pace of token supply, you need to check the unlock schedule.
$BTC has a maximum supply of 21 million tokens, most of which have already been issued, so its market cap and FDV aren’t much different.
Every return comes with its own risks. Make sure you understand the worst-case scenario first.
Circulating market cap = current price × the number of tokens in circulation.
FDV is simply a reference valuation calculated using the current price. To assess the actual pace of token supply, you need to check the unlock schedule.
$BTC has a maximum supply of 21 million tokens, most of which have already been issued, so its market cap and FDV aren’t much different.
Every return comes with its own risks. Make sure you understand the worst-case scenario first.