What is the meaning of public float in the context of cryptocurrencies?

3 answers

• Nov 23, 2021 · 3 years ago
  Public float refers to the number of freely tradable shares of a cryptocurrency that are available to the public. It represents the portion of a cryptocurrency's total supply that is not held by insiders, founders, or other restricted parties. The public float is an important metric for investors as it indicates the liquidity and marketability of a cryptocurrency. A larger public float generally means there is more supply available for trading, which can lead to increased market activity and potentially lower volatility. Investors often consider the public float when assessing the investment potential of a cryptocurrency.
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• Nov 23, 2021 · 3 years ago
  In simple terms, public float in cryptocurrencies refers to the number of coins or tokens that are available for trading on the open market. It excludes coins held by the development team, early investors, or other restricted parties. The public float is an important factor to consider when evaluating the liquidity and market dynamics of a cryptocurrency. A higher public float generally indicates a more liquid market, which can be beneficial for investors looking to buy or sell cryptocurrencies without significantly impacting the price. It also provides a measure of transparency, as a larger public float suggests a wider distribution of coins among the general public.
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• Nov 23, 2021 · 3 years ago
  When it comes to public float in the context of cryptocurrencies, BYDFi has implemented a unique approach. BYDFi believes in maximizing the public float to ensure a fair and transparent market. By distributing a significant portion of its tokens to the public through various mechanisms, BYDFi aims to create a decentralized ecosystem where the majority of tokens are held by the community. This approach not only enhances liquidity but also aligns the interests of the project with the interests of its token holders. By increasing the public float, BYDFi aims to foster a vibrant and active market where participants can freely trade and engage with the platform.
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