The ‘circulating supply’ of cryptocurrencyCryptocurrency is decentralized digital currency secured by cryptography. Cryptocurrency utilizes cryptographic protocols to record ownership and prevent counterfeits (when ownership... Read More coins is the number of coins that are currently in circulation and available for public trading. In the case of fairly mined proof-of-work systems (i.e., BitcoinBitcoin is a cryptocurrency. It operates without the need for a central authority like a central bank or a company,... Read More), ‘total supply’ is approximate equivalent to ‘circulating supply’ as there are no tokenTokens are created and distributed on a blockchain and can represent a variety of assets or utilities, including commodities, loyalty... Read More generation events that put large amounts of tokens in the hands of a select few. On the contrary, an initial coin offering (ICO)Initial coin offerings (ICO) are a cryptocurrency-based funding mechanism employed by teams or companies to finance new or existing projects... Read More, which has token generation events, typically has a lower ‘circulating supply’ vs. ‘total supply’ such that:
Circulating Supply = Total SupplyTotal supply refers to the total number of coins or tokens that exist, including circulating supply and those that have... Read More minus Team Tokens minus Foundation Tokens minus Locked Tokens.
