A crypto analyst identified a variance in ALGO’s tokenomics. Using ALGO’s price to calculate its total market cap results in the circulating supply and gives a figure almost $1.5 billion higher than the effective number. The resulting figure is almost $1.5 billion higher than the...
- A crypto analyst identified a variance in ALGO’s tokenomics.
- Using ALGO’s price to calculate its total market cap results in the circulating supply and gives a figure almost $1.5 billion higher than the effective number.
- The resulting figure is almost $1.5 billion higher than the effective number.
Mr. Huber, a crypto Twitter analyst self-described as a ‘Sleuth looking for truth,’ has identified a variance in Algorand’s tokenomics. According to Huber, using ALGO’s price to calculate its total market cap, results in the circulating supply and gives a figure almost $1.5 billion higher than the effective number.
In a tweet, Huber noted that ALGO had a supposed supply of almost 13 billion in October 2022, although only 10 billion ALGO tokens exist. However, the analyst referenced a publication by Algorand to expla…
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