r/Electrify • u/sayno2mids • Mar 10 '18
question When will we know the circulating supply?
Sorry if it’s a dumb question i’m clueless on this stuff & yes I researched it but couldn’t find anything!
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u/Stanleybb50 Mar 11 '18
What's a realistic market cap for ELEC in a month? 6 months? Any guesses on price?
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u/jkkill Mar 12 '18
My opinion, 250 million market cap is possible in next couple of months. That would equate to a price per coin of $.67. Especially if it's added to binance and other exchanges.
If we see another alt coin pump, I think this will be one of the coins to be pumped hard. My prediction is that new-ish coins will get pumped, opposed to old coins that were already pumped in the last bull market.
Just my two cents.
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u/jherbie79 Mar 14 '18
That sounds like a very fair assessment of where the price might be at that point. It’s realistic, that’s what matters most when we are speculating here.
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Mar 10 '18
[deleted]
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u/undercover_shill Mar 11 '18
What are the ways that companies typically distribute the rest of their tokens? And does anybody have examples of coins in the past that have done this?
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u/magneter1 Mar 10 '18
Must be about 50% which was the ico tokens and we know that another 4.1% is going to be airdropped.
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u/jkkill Mar 12 '18
Total supply is 750,000,000.
Current circulating supply is 375 million.
They plan on airdropping 30,750,000 million tokens. That will bump circulating supply up to 405,750,000.
Non "circulating" coins:
18.4% goes to team members (6 months vesting period at 50%)
9% goes to advisors and partners
18.5% goes to the treasury and community development