What is the CRV token cir supply on CMC - Coingecko - Minted CRV contract?
Why is it different???#
We meant to post it sooner but we wait official informations.
Anon dev publish contract, Okex list CRV, then Binance, Huobi etc. CZ tweet “alert” : )
while CRV Team’s passive in the middle of a fight. Feel like exchange site / someone was “playing” CRV : )
(Not sure we should believe or not. LoL)
(This is not 1st case, we will post this topic later when we are not busy and if you care)
(NOT financial advisor. Crypto space is under law, Believe only yourself. Thanks. Careful with Defi hype like 2017 ICOs treding)
Today, CRV team re-edit post, update more info and explain clearly some info. You can view at Curve website / group chat or ask directly official supporter / team / founder. Ofcourse, they understand more than anyone :)Updating
: We are updating … stay with us ⏰1st CRV block
:
according to Curve website, CRV officially launching on August 14, 2020
according to Curve ETH contract, the start time is on Thursday, 13 August 2020 22:17:28 (UTC+0)
according to CRV contract’s functions, we check the amount of minted CRV like this video
for example, at the time of publishing the article (17 August 2020 18:25)
- Minted CRV token: ~2,900,000 (2,890,144) (end time: 1597688702 - epoch time)
- CRV Circulating Supply on Coingecko: ~ 8,700,000 (8,743,167)
Okie, now, we check why is it different
and may be, you will find answers to your questions - What is the CRV token cir supply, why do traders, investors worry so much about this question etc 2M CRV per day or 766k, 750k LoL
This is 1st block of CRV transaction (1.3B)
Some Notes
:
Circulating Supply: The best approximate number of cryptocurrency coins or tokens that are publicly available and circulating in the market.
the locked up tokens (or coins) are not part of the circulating supply and therefore are not considered in technical analysis performed by chartists and traders
If you are fans of Defi hype, Holder, you believe project, you do not care short-live, you make deposit to pools and get your profit etc. You should not read more, pause and cancel this post. It wastes your time, you get Coingecko circulating supply and It’s enough.
In case of traders, they need to explain these datas even day by day
Why?
For example, Bitcoin diamond, BCD listed everywhere, major exchange sites, the price of BCD usually is same at Okex or Binance etc.
But, when Binance close depositing / withdrawal BCD, the price of BCD pump : )
Because, traders do not care the total circulating supply of BCD on all exchange sites (open market)
They care the number of BCD cir supply (BCD balance) on Binance market. It adds value to short term
Or in case of above minted CRV, if users do not claim their CRV token (without they can claim), then, these tokens did not mint and, of course, they did not enter CRV circulating supply.
Note, This is main reason. You need to understand these things
- Available to claim vs claimed
- Available to mint vs minted etc
- Can claim / send / sell on open market but do not claim / send / sell vs Can not claim / Can not send / Can not sell on open market
- Locked / Vested CRV token (vesting periods with term / specific period of time)
- Claim from vesting actually just claims existing CRV
- Claim all from gauge mints new CRV
etc
Chaos chaos, Do you feel it? LoL :)) Okie. We pause the definition and how to explain it simply cause you are traders, financial analyst. Not IT or coder : )Well, we explain these datas
:
These are some screenshot of CRV cir supply on Coingecko
😳 about August 14, 13h
😳 about August 14, 17h
Some numbers changed. many times differences are easy to see
- Did they lock / vest with vesting periods ?
- Can they claim / sell on open market?
- Are they really enter CRV circulating supply at the moment / 1 next week / 1 next year etc
Don’t laugh. Do you view clearly 1st above block? Curve team created that transaction with different type of address / contract to track easily transactions, such as: Founder / team address, advisor, employees etc Escrow
Some tokens vested with vesting periods. mean that, their CRV locked in 1-2-4 years (but they can claim these exit CRV during those periods and another term - maybe, details more you should ask team)
If claimer is employees. no problem.
But if claimer is Founder / Major member of Curve team, then they sell / dump at exchange site. How do you think? LoL
Of course, founder / team believes in project, they do not claim, then sell : ) (in case you ask them)
This is main reason - they will not claim without they can. So, these tokens can enter cir supply but they do not really enter
And Coingecko does not care these things. It tracks fluctuations of these transactions and get them in circulating supply metrics without details of each transaction.
We will give these important address to you bookmark it and track easily everyday if you are holding CRV : )
There are some transactions at these founder / team addresses. You can check later by yourself.
Back 1st block, we see this 0xf22995a3ea2 address, we call it like 14M-CRV
Here are some things,
✍️ this address received 14m CRV on transaction of 1.3B block
✍️ then, this address sent 4m CRV. It’s balance was 10m at that time. Coingecko also displayed the value of this address in its metrics.(not sure LoL)
✍️ and, Coingecko increased 4m on CRV circulating supply. CRV cir supply was about 4.5m at that time
It includes 2 metrics:
+/ Cir supply: 4.5m
+/ 0xf229: 10m
✍️ Do you remember Coingecko edited CRV circulating supply to 3m and then re-edited 7m on 17th August?
Yeah. check clearly this address.
✍️ about Aug-16-2020: 12h-13h UTC, Coingecko reduced CRV cir supply from 7M to 3M
✍️ about Aug-16-2020: 12h-13h UTC, This address also created another transaction (sent 4M CRV)
✍️ and, Coingecko tracked fluctuations of this 4M transaction and updated CRV data to 7M again : )
Now, we check the content of 0xf22995a3ea2 14M-CRV address’s transactions
We are updating … wait us a bit.
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