Nomad Capital Managing Partner: The number of circulating tokens announced by many projects is seriously inconsistent with the actual amount, which is misleading.

ChainCatcher news, Nomad Capital managing partner Erick Zhang tweeted that “the unlocked amount is not equivalent to the circulating supply; many project parties claim the unlocked amount of tokens as the circulating supply, falsely reporting the market capitalization, leading to erroneous data displayed by data platforms, which can mislead investors. It is advisable for investors to check on-chain data to derive the correct market capitalization. Taking the BTCfi project Corn as an example, its actual circulating supply is only at most 3%, corresponding to a market capitalization of about 3 million dollars, not the 25% circulating supply shown on the project party’s website. Coingecko also simply displays the 25% circulating supply reported by the project party, thereby incorrectly showing a market capitalization of 30 million dollars.”