Secondary market sale liquidity: 33,182,178 LTO. These are considered to be directly circulating and tradeable tokens.

A part of market and partners wallet: 20,166,667 LTO. Those are intended for further community engagement (trading rewards in a locked form, community platform, etc. — not to be directly liquid).

BitMax MM wallet (mixed together with BitMax1 and Bitmax wallets on etherscan): 3,333,333 LTO. (Not for market selling, the amount has only been increasing slightly rather than decreasing)

Mainnet side:

Seed round: 65,000,000 LTO — you can see around 8M has been swapped from Waves. Those tokens are not directly liquid* bridge troll.

Private sale: 72,500,000 LTO. Those tokens are not directly liquid*.

Ecosystem Fund: 73,596,995 LTO. Some rewards have been distributed from there (to be reconciled with the marketing wallet later on). To be given in a locked form to builders and dApp/business developers, grants.

Team: 85,000,000 LTO. 33% unlocked after 8 months, 10 months, and 12 months.

Advisors: 20,000,000 LTO. Locked for 7 months.

Marketing and Partners: 33,046,000 LTO. Used for exchanges, liquidity providing, community platform rewards. Not to be market sold.

Foundation (B.V.): 50,000,000 LTO. Released gradually after a year.

*lockups are counted since January 17, 2019.

Bridge: 95,723,476 LTO. These are not extra tokens, those were accounted in the bridge on the mainnet side as the full swap potential.

LTO Network market cap

Counting the market cap of LTO is not that easy, but CoinGecko are doing a good job! CMC application is in progress. Let’s look at how one can count the market cap of LTO.

Simple way

ERC-20 circulating tokens (33,182,178 LTO) * current price.

This is directly-liquid market cap, excluding the private sale and seed.

Complicated way

simple way + (private sale + seed)*(100 — bridge troll fee)* current price.

This is the full market cap, including all sale rounds.

LTO Network valuation

All tokens (currently 460,522,687) * current price.

At the moment of writing this piece, it is less than 7,000,000 USD.