Defining the market capitalization of GET

There are a lot of differences to point out when comparing the 'FIAT' finance world of stocks, bonds and index-funds with the crypto wild west landscape of forks, airdrops and token burns. But, when you boil it down there are a few metrics that is considered insightful for expressing value by both fields when valuating a concept/company. One of these metrics is a companies’/project’s market capitalization. Fancy word. What does it mean. Lets look it up.

Market Cap = Price * Circulating Supply. Source: Coinmarketcap

Alright, seems to make sense. What is a token’s circulating supply though? While we are at it let’s also look up the definition of circulation supply.

Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public’s hands. Total Supply is the total amount of coins in existence right now (minus any coins that have been verifiably burned). Max Supply the best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. Source: Coinmarketcap

Yeah that definition seems quite trivial as well. So what does this mean for the market capitalization of the GET Protocol? It might not surprise you that will the subject of the next section! Nice set up Kasper! Thanks bro! Yeah, I probably should go outside more.

The circulating supply of GET

In the previous section we learned, that the circulating supply is the amount of tokens that can be freely traded by individuals on the 'open market' (i.e. exchanges). Obviously, the circulating supply of a token will never be larger than the token’s maximum supply. That is just how the word maximum works. The around 9 million tokens sold during the private, public and general crowdsale are considered circulating supply as most of these will be movable as soon as we finalize the crowdsale contract. The bounty partition (including the GET issued in the referral program) will also become part of circulating supply as soon as these token are distributed to bounty/referral participants (This distribution will take place mid-January). These two partitions are the only two partitions that could, in the short term, come into circulating supply. Period.

Long story short:

Circulating supply of GET (short term): 10 384 386.70 GET. The table shown below summarizes the basic metrics used for valuation. Again, all calculations can be followed by checking the Google spreadsheet.

Summary of the maximum supply and circulating supply. Check the spreadsheet for more details!

The table shown below specifies the amounts that will be minted and burned in the partitions. All this is described in the whitepaper. Proof of burn, mint and vesting will be provided in the third tab of the spreadsheet.