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The storage token in the Terra ecosystem, called LUNA, is supplied with a specific supply. The reward for Terra transactions is paid with the LUNA token, which makes the use of the Terra protocol valuable. The circulating supply of Luna are calculated in the past 90 days.
The second outer reference that used to validate the results is Coinmarketcap. The average volume of circulating supply of Luna is presented 385 million on Coinmarketcap website. But based on our results, the average circulating supply is 374 million which has approximately 2.8% differ from Coinmaretcap volume and that can be ignored.
In addition to these results, the minimum and maximum amount of circulating supply are calculated and presented in the table too.
The circulating supply of Luna in the past 90 days from Messari website is shown in the figure. After that, the calculated circulating supply of Luna from data of Flipside crypto is presented right under the image. Putting up of these two figures, makes possible to evaluate the obtained results with Messari data. As shown in both figures, the spikes happened on the same days as well as drops. After January 22th, the circulating supply of Luna is risen, significantly.
Introduction:
As it turns out, Terra is looking to become a real money cryptocurrency; Not just currency for trading and trading in exchange offices. LUNA is a backup or storage token. The LUNA token is generated, but the TERRA token is traded. Total LUNA supply is fixed.
Circulating Supply is the best way to approximate the number of assets that are circulating in the market and in the general public's hands. To identify the circulating amount in public hands, the 'address_label_type is NULL' is adopted in the code.
The circulating supply of Luna is calculated by summing up theses numbers:
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Assets that are locked
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Private sale
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Ecosystem, Bounty, Marketing, Operations and Airdrops
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Assets that have been ‘staked’
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Assets held by project members or major ecosystem participants
The results are evaluate with outer reference as said in the question. The outer references are Coinmarketcap and Messari websites.
Summary:
A said, the estimation of circulating supply is one the best ways to find out the number of tokens that are circulating in the market.
The circulating supply of Luna in the past 90 days is estimated and evaluated based on two outer reference including, Coinmarketcap and Messari.
The comparisons show that our calculations are largely accurate and the results are reliable.