Metric Methodologies
Token Supplies:
One of the most important facts when dealing with cryptocurrencies is a clear understanding of token distribution.The commonly adopted methodology uses the following (3) basic token arrangements:
- Maximum Supply: The best approximation of the maximum amount of assets that will exist in the cryptocurrency's lifetime.
- Total Supply: The total amount of coins in existence right now, minus any coins that have been verifiably burned = Maximum supply minus any burned assets (coins).
- Circulating Supply: The best approximation of the number of assets circulating in the market and the general public's hands. The Circulating Supply is a much better metric than the Total Supply for determining the market capitalization.
Geton's model is built on Startup Ecosystem idea principles. For that reason, token arrangements are even more detailed - essential and logical if you consider the DPMC model in a logical connection with InstantBeta business development stages and transparent token flow to the public hands - for determining market capitalization. "Tokens that are locked (via smart contracts or legal contracts), allocated to the team or private investors, or not able to be sold on the public market cannot affect the price and thus should not be allowed to affect the market capitalization as well." (Source: CoinMarketCap)
Geton Ecosystem uses the following networks (blockchains):
- Ethereum Mainnet (ERC-20 token standard)
- Binance SmartChain (BEP-20 token standard)
- GetonLedger (ERC-20 token standard)
We design Geton Startup Ecosystem believing the world would be better if innovative startups and their backers could earn their worth within a fully transparent, digital, and independent ecosystem of equal opportunities. We know that designing an ecosystem with different and more effective use of cryptocurrencies is a huge challenge. On the other hand, what if the human species may be needed and strive to have only a speculative cryptocurrency environment? So let it be an option to choose!
We are not criticizing or trying to change that. We only want to design a parallel environment where several available and useful functionalities or possibilities of blockchain technology can assure more stable and predictable cryptocurrency usage and treatment. Today's world of cryptocurrencies has many friction, intermediaries, misunderstanding, speculation, and general barriers. We face a dangerous, speculative, and harmful environment, where the minority has many tools to take advantage of mass behavior and misunderstanding.
The sustainable business model advantages are the opposite of that. But even they can exist and become adopted by the population through acquiring new knowledge, changing ethos, and adopting effective, fair everyday practices.
Geton Startup Ecosystem's mission is to constantly improve and develop an environment where innovative cryptocurrency-based business models will get adequate support for growing and expanding. Models where people's everyday activities, like employment, educating, shopping, traveling, entertainment, etc., will effectively use the advantages of new technologies and bring an overall better quality of life to all included.
We all deserve and can actively co-create a more innovative business environment of sustainable practices to adopt new knowledge about unrevealed possibilities and common satisfaction.
For all that reasons and even more, that is hard to include in this explanation, we will try to show, how blockchain technology and token (cryptocurrency) can be used to bridge the barriers to entry one must overcome when facing the real-world issue of tokenizing a real-world asset - on our way and through GetonCoin (GETON).
Definitions and explanations of individual official wallets or supplies:
1. GetonLedger network:
- Total Supply: Total PiplCoin supply = PiplCoin maximum supply, which is 261,797,900 PiplCoin (PIPL).
- GL Bridge: Wallet from which PiplCoin is sent, when users are making PIPL deposits from Binance Smart Chain to GetonLedger.
- BSC ➞ GL: Wallet to store (bridge) PiplCoin when users are making PIPL withdrawals from GetonLedger to Binance Smart Chain.
- Circulating (GL): Best approximation of the number of assets circulating on the GetonLedger network and are in the public's hands. Circulating Supply is a much better metric than the Total Supply for determining market capitalization.
- Recycling Pool: Ecosystem wallet to collect PiplCoin (PIPL) from Recycling functionality. This supply is not circulating.
- Total Supply: Total PiplCoin (PIPL) supply = PiplCoin (PIPL) maximum supply, which is 261,797,900 PiplCoin (PIPL).
- BSC Bridge: Wallet from which PiplCoin is sent, when users are making PIPL deposits from Binance Smart Chain to GetonLedger.
- GL ➞ BSC: Wallet to send (bridge) PiplCoin when users are making PIPL withdrawals from GetonLedger to Binance Smart Chain.
- Circulating (BSC): Best approximation of the number of assets circulating on the Binance SmartChain network and are in the general public's hands. Circulating Supply is a much better metric than the Total Supply for determining market capitalization.
- BSC Liquidity: Sum of Liquidity Providing balances on the PancakeSwap.
- Total Supply: Total PiplCoin (PIPL) supply = PiplCoin (PIPL) maximum supply, which is 261,797,900 PiplCoin (PIPL).
- ETH Bridge: The supply of PiplCoin that users of merged platforms have mined and could be bridged to GetonLedger.
- Liquidity Pool: The supply of PiplCoin accumulated from Grosh Mining.
- Circulating (ETH): Best approximation of the number of assets circulating on the Ethereum Mainnet network and are in the public's hands. Circulating Supply is a much better metric than the Total Supply for determining market capitalization.