Nomad Capital Managing Partner: The number of circulating tokens announced by many projects seriously deviates from the actual situation, which is misleading

News on March 31, Nomad Capital managing partner Erick Zhang tweeted, "Unlocking volume is not equivalent to circulation. Many project parties claim the unlocking volume as circulation, falsely reporting the circulating market value, leading to incorrect data displayed on data platforms and misleading investors. It's suggested that investors check the chain data themselves to derive the correct market value. Take BTCfi project Corn for example, its actual circulation is only up to 3%, corresponding to a market value of about $3 million USD, not the 25% circulation shown on the project party's website. Coingecko also simply displays the self-reported 25% circulation from the project party, thus incorrectly displaying a market value of $30 million USD."