PSA: LUNA Initial Circulating Supply at Genesis (Surprise)

I’ve analysed the penultimate-genesis.json files to get the exact allocations at genesis:

Minted: 1,000,000,000 LUNA
Vested: 548,228,738.297767 LUNA
Validator base accounts: 12,600 LUNA (100 each to 126 validators at genesis)
Community Address: 328,483,790.931369 LUNA

Circulating Supply at Genesis: 123,274,870.770864 LUNA

Of which 5,000,000 LUNA is the emergency allocation so, there’s actually only 118,274,870.770864 LUNA available in circulation at genesis + whatever has been minted since then.

Note, the minimum vesting period is 6 months, so this supply will be super low until then, even then it’s slow released over months. I guess we should see demand out strip supply fairly quickly.

reference price table for market caps - range 1bn to 60bn (previous combined luna+ust cap):

Cap (Billion)	Price Per Luna
$1          	$8.11
$2          	$16.22
$3          	$24.34
$4          	$32.45
$5          	$40.56
$6          	$48.67
$7          	$56.78
$8          	$64.90
$9          	$73.01
$10          	$81.12
$12          	$97.34
$14          	$113.57
$16          	$129.79
$18          	$146.02
$20          	$162.24
$22          	$178.46
$24          	$194.69
$26          	$210.91
$28          	$227.13
$30          	$243.36
$32          	$259.58
$34          	$275.81
$36          	$292.03
$38          	$308.25
$40          	$324.48
$42          	$340.70
$44          	$356.93
$46          	$373.15
$48          	$389.37
$50          	$405.60
$52          	$421.82
$54          	$438.05
$56          	$454.27
$58          	$470.49
$60          	$486.72

Do consider this fair warning.

8 Likes

Current market cap is at 5.6b as per coinmarket cap and as per your chart it should be at 40$. Based on what did you calculated the price???.

Interesting, thanks for sharing!

Thank you for the information :+1:

Thanks for sharing

Most welcome, everyone should know

Market cap = circulating supply * price

Yes, so the market cap is much lower than people expect it to be right now, sitting under 350M, when you consider the original combined market caps of luna+ust were over 60B, there’s considerable scope to grow, and perhaps limited downside.

The 2 forums were split.
Why post this here?
Is the Lunc community required now?
Self interest FOMO being spread.
Good job mate