Nomad Capital Managing Partner: The number of circulating tokens announced by many projects is seriously inconsistent with the actual amount, which is misleading

ChainCatcher news, Nomad Capital managing partner Erick Zhang tweeted, "The unlocked amount is not equivalent to the circulating amount. Many project teams claim the token unlocked amount as the circulating amount, falsely reporting the circulating market value, which leads to data platforms displaying incorrect data and misguiding investors. It is recommended that investors check on-chain data themselves to derive the correct market value. Taking the BTCfi project Corn as an example, its actual circulating amount is only at most 3%, corresponding to a market value of about 3 million dollars, rather than the 25% circulating amount displayed on the project team's website. Coingecko also simply shows the 25% circulating amount reported by the project team, thus incorrectly displaying a market value of 30 million dollars."