The circulating supply refers to the number of coins that are currently in circulation and available for trading.
01 Mar 2023, 12:33
The circulating supply refers to the number of coins that are currently in circulation and available for trading. To calculate the circulating supply of PrivaCoin, we deduct the balance assets held by project members from the total supply.
The reasoning behind this is that the coins held by the project members are not available for trading and are not part of the circulating supply. Therefore, we deduct their balance assets to determine the actual number of coins that are in circulation.
To calculate the circulating supply, we need to know the total supply and the amount held by project members. The wallet addresses for the project members are provided:
0x5b3b60Eb668df2B9B48dDeA3c7FDd0B0264b33aE (Deployer)
0x511578f92F8Efa632B2C1B5408dA4fc330A1655C (Team advisor)
0x3B72777854a2d0654FcaB46e70FFb6232742e9c4 (Token sale)
0xA0a41f2Ddb51D43D5DF3550AbB2e65AF3e0ff2C1 (Marketing)
0xda4AFbEe5EA08BfA9BD4190110872D72F26803db (Roadmap)
0xAce593162994DcF01316758348697314501Ec06f (Reserve)
We can use the API endpoint provided by PrivaCoin's website to retrieve the information needed to calculate the circulating supply. The following API endpoints are available:
The first API endpoint provides the current circulating supply of PrivaCoin. The second API endpoint provides the total supply of PrivaCoin, including the coins held by the project members. The third API endpoint provides the maximum possible supply of PrivaCoin.
To calculate the circulating supply, we subtract the balance assets held by project members from the total supply. The resulting number is the circulating supply. By using the API endpoints provided, we can obtain this information and calculate the circulating supply of PrivaCoin.