About the Noble Depository

1. Market Cap:

What it is: The Market Capitalization (Market Cap) of a token is a measure of its current market value. It’s calculated by multiplying the current price of the token by the circulating supply (the number of tokens that are actively in circulation and available to the public). Formula: Market Cap=Current Token Price×Circulating Supply\text{Market Cap} = \text{Current Token Price} \times \text{Circulating Supply}Market Cap=Current Token Price×Circulating Supply

Example:
If your token is priced at $1 and there are 1,000,000 tokens in circulation, your market cap would be: 1 million×1=1 million UR1 \text{ million} \times 1 = 1 \text{ million UR}1 million×1=1 million UR Why it matters: Market cap is a rough indicator of the size of a token in the market, helping investors assess its relative size compared to other tokens. The UR Difference: The 9% GNP allocation keeps the UR token circulation limited and proportional to economic activity, avoiding oversupply or inflation.

2. Fully Diluted Valuation (FDV):

What it is: FDV is an estimate of the market cap of a token if all tokens were in circulation (including those that are locked, reserved, or yet to be minted). It gives you an idea of what the market cap could be when all tokens are available. Formula: FDV=Current Token Price×Total Supply\text{FDV} = \text{Current Token Price} \times \text{Total Supply}FDV=Current Token Price×Total Supply (where Total Supply is the maximum possible supply of tokens, including those that are not yet in circulation).

Example:
If your token is priced at $1, and the Total Supply is set to 10 million tokens (even though only 1 million are currently in circulation), the FDV would be: 1 million×10=10 million UR1 \text{ million} \times 10 = 10 \text{ million UR}1 million×10=10 million UR Why it matters: FDV helps investors understand the potential future market cap if the project reaches full circulation, considering any future inflation or emissions of tokens.

3. Total Supply:

What it is: Total Supply refers to the total number of tokens that will ever exist for a project (including those that have been minted but are locked or reserved). It includes both the circulating supply and any tokens that haven’t been released yet.

Example:
If your project will eventually have 10 million tokens in total, and currently 1 million are circulating (the rest might be locked, reserved, or yet to be minted), then the Total Supply is 10 million. Why it matters: The Total Supply is important for understanding the maximum limit of tokens that can ever exist, which influences inflation and scarcity of the token over time.