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Managing Partner of Nomad Capital: The number of tokens in circulation announced in many projects is seriously inconsistent with the actual number

On March 31, Erick Zhang, managing partner of Nomad Capital, tweeted,"The unlocked volume is not equal to the liquidity. Many project parties claim the unlocked volume of tokens as the liquidity and falsely report the market value of the circulation, causing the data platform to display data errors. It is misleading to investors. Investors are advised to check the chain data themselves to derive the correct market value. Take the BTCfi project Corn as an example. Its actual circulation volume is only 3% at most, corresponding to a market value of approximately US$3 million, rather than the 25% circulation volume shown on the project website. Coingecko also simply displays the 25% liquidity reported by the project party, thus incorrectly displaying the market value of US$30 million."

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