How are the "Price" calculated?
The "Price" is the weighted average of the trading volume of the cryptocurrency price in the valid exchanges Block.cc included.
Why is Block.cc's data inconsistent with other websites?
- Due to the differences in prices between exchanges, the number of exchanges connected to each website is different, and different exchanges participating in the calculation will affect the price. Block.cc has access to more than 300 mainstream exchange prices.
- The update time is inconsistent. Due to the real-time change of the cryptocurrency price, the calculation time points are different, resulting in different prices. The update frequency of Block.cc is about 1 minute.
- The exchange rate is different. Since the main transactions of the exchange are now focused on USDT, Block.cc adopts the floating exchange rate calculation for USDT. In general, the price difference between USDT and USD is 1-2%.
Therefore, when you choose USD, the price will fluctuate by 1-2%. USD Price = USDT Price x USDT Exchange Rate. This price is closer to the real situation.
What is "Circulating Supply", "Total Supply", and "Max Supply"?
Circulating Supply is the best approximation of the number of cryptocurrency that are circulating in the market and in the general public's hands.
Total Supply is the total amount of coins in existence right now (minus any coins that have been verifiably burned).
Max Supply is the best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency.
How is "Market Capitalization" calculated?
Market Capitalization (Market Cap) is one way to rank the relative size of a cryptocurrency. It's calculated by multiplying the "Price" by the "Circulating Supply".
Market Cap = Price x Circulating Supply
Why is the "Circulating Supply" used in determining the market capitalization instead of "Total Supply"?
We've found that “Circulating Supply" is a much better metric for determining the market capitalization. Cryptocurrency that are locked, reserved, or not able to be sold on the public market can't affect the price, so they should not be allowed to affect the market capitalization as well. The method of using the “Circulating Supply” is similar to the method of using public float to determine the market capitalization of companies in traditional investing.
What is the difference between "Coin" and "Token"?
Coin is the cryptocurrency that can operate independently and has its own main chain.
Token is the cryptocurrency that depends on another cryptocurrency as a platform to operate.
How to calculate the 24-hour change? (24H Change, etc. )
It is based on the current time compared to the data 24 hours ago, and the data change value is calculated on a rolling basis.
How frequently is the data updated?
The data update frequency is consistent with the exchange, and it is updated once a minute on average.
Why is Block.cc's "Exchange Ranking" different from other websites?
In order to restore the most real currency market conditions and provide the most accurate data information, Block.cc screened and checked the trading volume of the exchange through some technical methods, and removed false and erroneous trading data.
How is the "Volume Prediction" calculated?
The weighted average transaction volume per visit of Binance, Gate.io, Kucoin, Bitfinex, Bitstamp, Coinbase Pro, Gemini, Poloniex and Kraken is cryptocurrency selected as the benchmark per user to calculate the "Volume Prediction".
Volume Prediction = Weighted Average Transaction Volume x Visits
How to update if the currency, project and exchange information is wrong?
Can I buy cryptocurrency on Block.cc?
No, but you can find the official website of the exchange that supports trading through the cryptocurrency details page.
Do we provide API access service?
Yes, please check here https://pro.block.cc/