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The Unit Selection Criteria

Let
SS
 be the total current supply of the Rank 1 currency (currently Bitcoin), and let
ϕ\phi
be the golden ratio
1+52\frac{1+\sqrt{5}}{2}
. Then the coins in The Unit must satisfy the following conditions.
  1. 1.
    Valuation: Market capitalization is greater than
    Sϕ12\frac{S}{\phi^{12}}
    . Moreover, 180D average daily capitalization must be greater than
    Sϕ12\frac{S}{\phi^{12}}
    .
  2. 2.
    Volume of Trade: The currency trades widely with at least a year of public trading. If
    RR
     is the 180D average market capitalization to trading volume ratio*. The 180D average daily volumes must be greater than
    Sϕ12R\frac{S}{\phi^{12}R}
    .
  3. 3.
    Issuance: The consensus rules must define the currency supply.
  4. 4.
    Availability: As a weak rule, 50% of the supply must be available for trading.
* For a calculation of
RR
 see Average Market Cap to Volume Ratio.
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Last modified 1yr ago