Erick Zhang: Many projects have announced circulating token quantities that are seriously inconsistent with the actual amounts, which is misleading.

According to Foresight News, Erick Zhang, Managing Partner at Nomad Capital, tweeted that "the amount unlocked does not equate to the circulating supply. Many project teams claim the amount of tokens unlocked as the circulating supply, which inflates the circulating market value, leading to erroneous data displayed on platforms and misleading investors. I recommend that investors check on-chain data themselves to derive the correct market value. Taking the BTCfi project Corn as an example, its actual circulating supply is only about 3%, corresponding to a market value of approximately 3 million USD, rather than the 25% circulating supply shown on the project's website. Coingecko also simply displays the 25% circulating supply reported by the project team, thus incorrectly showing a market value of 30 million USD."