Binance has shared important updates regarding the circulating supply data displayed on its platform, responding to community feedback for greater transparency and accuracy.
Key Updates:
Current Methodology:
Binance currently uses CoinMarketCap (CMC) data for circulating supply, which excludes allocations to insiders. This methodology ensures that the data reflects publicly tradable assets.
Introduction of New Metrics:
Binance will integrate two new metrics introduced by CMC:
Unlocked Market Capitalization (UMC): Reflects the total value of all unlocked tokens, including those held by insiders.
Unlocked Circulating Supply (UCS): Provides a more comprehensive view of the token supply, including insider allocations.
Implementation Timeline:
Binance is working to incorporate these metrics into its token info section on the app and website. Users are encouraged to stay updated through future announcements.
