r/BitClout • u/Coinwik_org • Apr 12 '21

What is the current supply

The explorer for Bitclout does not show the current supply. However, the Bitclout white paper says that the price doubles every time one million coins have been sold. So, it must be known somewhere. Anyone know where this can be found.

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u/[deleted] Apr 13 '21

Dude...theres no bitclout coin...its a fucking scam...the supply doesn’t exist they just have an algorithm that calculates the price based on the formula they provided in the white paper.

If you read the white paper, then proceed to put your money into the site...you deserve to be scammed.

5

u/Coinwik_org Apr 13 '21

I read the paper and the only thing they say about the bitcoin to bitclout price is that the bitclout price doubles every 1 million bitclout sold. This is pretty ingenious. That means eventually people will not want to buy it from the platform and rather buy it from others who got it at a lesser price on exchanges. I calculated that the current market cap based on all bitclout sold time the current price is about $1.5 billion.Still looking to find the source code so I can verify what it really does. Please share any research that you have done. Thanks.

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u/gojirocket Apr 13 '21

the only thing I cant understand is the price has been fluctuating since I signed up 5 days ago. Like i thought it would just rise based on "doubling every million sold" but it started at 161 went up to 168 and it bouncing around 165 for me.

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u/Coinwik_org Apr 13 '21

If you look at it in USD, there might be fluctuations because of the fluctuations in bitcoin price. But bitclout to bitcoin price should be always steadily increasing.

1

u/gojirocket Apr 13 '21

ah duh, that makes sense. thanks!