Token Supply Calculator

You're reading a tokenomics page and trying to make sense of the supply schedule. There's a max supply, a circulating supply, an inflation rate, and somewhere in the fine print a vesting schedule that will dump 30% of the team allocation into the market over the next 18 months. The token's current price quietly assumes none of that supply ever gets sold.

Work out the circulating-to-total ratio, the implied annual inflation, and the difference between fully diluted valuation and current market cap. The output isn't a buy signal or a sell signal — it's just the supply-side math the project page often glosses over. A 10% circulating ratio with a 6-month cliff means a different thing than a 95% circulating ratio with capped emissions.

The key ratios: circulating divided by total tells you what fraction of supply is liquid right now. Annual emissions divided by circulating is your inflation rate — the headwind price has to fight just to stay flat. Vesting schedule unlocks per quarter, when graphed, show you where the future supply pressure concentrates. Bitcoin's supply schedule is a textbook example of well-behaved tokenomics: capped at 21 million, predictable halving every 4 years, no team allocation, no premine. Most newer chains and DeFi tokens have much messier schedules with team and investor allocations vesting on cliffs that often correlate with local price weakness.

A worked example: a token has 100M total supply, 30M circulating, 70M still locked in vesting and treasury. Circulating ratio: 30%. Suppose vesting unlocks 5M per quarter for the next 14 quarters until everything is liquid. Annual inflation in year one: 20M new tokens against 30M circulating = 67% inflation. That means price has to grow 67% just to keep market cap constant. By year two, circulating is 50M and 20M new = 40% inflation. Year three drops to about 25%. Most projects bury this trajectory in a footnote; running the numbers makes the dilution risk concrete.

Where this analysis falls short: it tells you what the supply will be, not what people will do with it. Team and VC allocations that vest don't automatically get sold — some recipients hold long-term. Foundation reserves often stay locked. Staking mechanics can lock supply that's technically circulating but isn't selling. The supply-side math is the worst-case price pressure; actual price action depends on demand growth, narrative, and how aggressively the unlocked holders dump. A high-inflation token with strong demand can outperform a low-inflation token nobody wants. Use the calculation as one input, not as a forecast.