UNCOMMON•GOODS is a fair, meme-based token on the Bitcoin network, created under the Runes protocol by Casey Rodarmor, the founder of Ordinals and the Runes protocol. But how many tokens will actually exist in total?
Let's find out!
In the “Global Average” section, we calculated the moderate, minimal, and maximal average minting rates. Based on these calculations – and assuming they hold true – we can provide a rough estimate of the maximum number of tokens that might enter circulation.
These results offer a general idea of the potential value a token could achieve. For instance, with a market capitalization exceeding 1.5 billion dollars, the estimated value of a token at a moderate minting rate could be approximately 7 dollars.
However, it is crucial to emphasize that this is merely an assumption and not a definitive statement about future developments. Therefore, this should not be considered as financial advice or a recommendation to buy.
Since highly optimistic projections are often found circulating online, this calculator, relying on live data, aims to provide a more accurate and realistic assessment.
... you want to find out how many mints per block could be created on average – in different scenarios: minimal, moderate, or maximal. For this, we first use the long-term average, which we calculate from from the historical data.
Lets say the average is 1,360 net mints per block – thats our starting point.
Now we consider: What happens if network activity significantly decreases or skyrockets? To represent this, we apply some adjustments to this average:
Depending on whether the mintage is minimum, moderate or maximum, the total supply of UNCOMMON•GOODS can vary significantly, which in turn affects the value of the individual tokens. Assuming a market capitalization of 3 billion (which is a realistic estimate), the price per token can be calculated by dividing the total number of tokens minted by 3 billion. The result is that a minimum mintage leads to a higher price per token, while a maximum mintage has the opposite effect.