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Valuation and Fundraising·Lesson 16 of 36·12 min

FDV, Market Cap, and Fully Diluted Valuation

This lesson is for enrolled learners

Module 2 introduced total, circulating, and fully diluted supply as a supply-design concept. This lesson treats the same numbers as a valuation concept — the lens investors, exchanges, and analytics platforms actually use to price and compare token projects against each other, and the formulas you'll need for every remaining lesson in this module. The three core formulas: Circulating Market……

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