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Why Denko can"t answer about total supply of Reef for

community?

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Hello, thanks for the question. We understand your concern, but thankfully there is a simple answer to this. The circulating supply is always available at https://node-api.reef.finance/api/supply in real-time. CoinMarketCap and CoinGecko are showing accurate circulating supplies, as they are pulled from the API endpoint. For both platforms, values like Total Supply or Max Supply are manually updated. We had CoinGecko remove the max supply value recently, in line with the removal of the max supply due to the move to a layer 1 blockchain and resulting change in tokenomics (an oft-requested update on that is also in the works). For anyone who is trying to add up all the tokens existing on Ethereum, Reef Chain and Binance Smart Chain together, that simply doesn't work. It doesn't work because tokens locked in bridges are single tokens, not duplicates. Assuming there were only 3 billion tokens for a moment, if you had 500 million of them locked up in an Ethereum bridge, the only 500M are left circulating on Ethereum while the other 500M could be on Binance Smart Chain or Reef Chain. You don't double count them because those tokens are locked in a bridge, and cannot be moved without locking another token on the other side of the bridge. Hopefully that helps clear everything up! If you have any more questions about this, please reply to me so that I get a notification about it.

Reported Samuele to admins.​​​​​​​​​​​​​​​

/filter /circ @MattHawkes

Papa 🔺
/filter /circ @MattHawkes

You are missing the following rights to use this command: CanChangeInfo

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