Flow is formally updating the circulating supply methodology for FLOW coin on aggregator sites among others. The revised circulating supply is 1,036,200,000 FLOW –– nearly 3x previously reported. It is important to note that these coins have already been freely circulating and there are no net new coins or other net new activities contributing to increased circulating supply. The aggregator sites have been informed about this methodology update and their platforms now reflect this change.
Circulating vs. total supply is one of the most important ratios for making economic decisions with regards to any cryptocurrency.
Until now, aggregator sites have displayed an outdated methodology of circulating supply of FLOW.
This is for 2 reasons:
To address these and to better align with industry circulating supply reporting practices, we are formally updating the circulating supply methodology. The revised circulating supply is 1,036,200,000 FLOW –– nearly 3x previously reported.
It is important to note that these coins have already been freely circulating and there are no net new coins or other net new activities contributing to increased circulating supply.
The aggregator sites have been informed about this methodology update and their platforms now reflect this change.
(1) Ecosystem reserve includes foundation reserve, grant distribution, collateral reserve
For comparison, here is the legacy circulating supply that was previously being displayed by aggregator sites
In this document, we aim to increase transparency around this calculation.
FLOW coins are considered in circulation when they meet both of the following criteria:
Combined together, these two factors qualify a coin as in circulation, regardless of the party that holds them. FLOW coins in circulation are from a technical perspective free to be used in any economic transaction without constraints.
FLOW coins can be issued as locked coins, officially referred to as locked FLOW. Coins of this category have strict technical obstructions to free transferability in place. Since these coins cannot be used for any other economic activity than staking, they are not regarded as circulating supply. Locked coins may include FLOW allocated to development team grants, or acquired by early purchasers.
The following list gives an overview of the current major allocations in the Flow ecosystem and specify their updated classification in regards to circulation:
As such, as of April 2022 1,036,200,000 FLOW freely circulate. It is important to note that these coins have already been freely circulating and there are no net new coins or other activities occurring.
We will regularly stay in close contact with information services to ensure that circulating supply displayed on their sites properly reflects the state of FLOW.
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