Nomad Capital Managing Partner: The number of tokens in circulation announced by many projects is seriously inconsistent with reality and is misleading

Comparing news, Erick Zhang, managing partner of Nomad Capital, tweeted, “Unlocked volume is not equal to circulation volume. Many project parties claim the amount of tokens unlocked as circulation volume and misrepresent the market value in circulation, causing data platforms to display erroneous data, which is misleading for investors. Investors are advised to check the on-chain data themselves to derive the correct market value. Taking the BTCFi project Corn as an example, its actual circulation volume is only 3% at most, corresponding to a market capitalization of about 3 million US dollars, not 25% of the circulation shown on the project's website. Coingecko also simply showed 25% of the circulation volume reported by the project party, which erroneously showed a market value of 30 million dollars.”