LeoGlossary: Circulating Supply

The amount of a cryptocurrency that is in the hands of the general public. This is the number of coin or tokens that are available for trade. This does not include founder's stakes or team tokens (coins) locked up in a DAO or kept in a wallet.

Something like Bitcoin has a total supply that matches the circulating supply. For those that had ICOs or gave large chunks to the insiders it would look like this:

Circulating Supply = Total Supply - Founder's stake - Team tokens

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