A small disclaimer about our market cap.
This will be technical.
Market Capitalization is calculated as Current Price * Total Supply, by definition. Since we recently increased the price by 25%, our market cap is now showing north of 85m.
However, this doesn’t mean much in a presale environment. We have 200m reserves which are locked in the gatekeeper accounts and won't be used except providing initial liquidity.
Also, we are developing an exciting feature which will be announced mid December and the remaining of 200m will be used in that feature.
In addition we have 500m DPZ in the contract. These DPZs will be distributed to the community like BTC as holders transact with a logarithmic decay.
Also, 50 pct of the unsold portion of the available for sale will be internally burned. This will reduce our market cap since the total supply will decrease. As you know, other remaining tokens will be added to the contract as a part of the crowding pool.
So the effective market cap at the end of presale, as of 31 Jan 22 will be:
[1billion-(0.5xUnsold DPZs))
x
2 BNB basis points
(listing price per DPZ))]
However immediate market cap meaning the valuation of the tokens immediately available to the holders will be:
[1billion-(0.5xUnsold DPZs)-700m+Initial Liquidity
x
2 BNB basis points(listing price per DPZ)]
As you can see, most of our token supply will be locked in gatekeeper accounts for a long time. Also, our initial market cap will depend on how much we will sell on the presale. However, locked tokens represent a value because they will be distributed. So we will be using the first definition not the immediate market cap.
This is new to the industry since usually projects similar to us use circulating market cap but they don't safeguard a pool of tokens that are rewarded to the holders. That is why I wanted to guide you on how to scale the size of Deepmaze.
I believe we can break the charts similar to how we broke the definitions.
Best regards,
Thanks for your trust.
CBO