Token price cannot be interpreted without supply.
| Concept | Explanation | |---|---| | Circulating supply | Tokens currently available in the market. | | Maximum supply | Protocol-defined upper limit, if one exists. | | Emission | Rate at which new tokens enter circulation. | | Vesting | Schedule that restricts insider, investor, or contributor tokens. | | Unlock | Release of previously restricted tokens. | | Burn | Permanent removal of tokens from usable supply. | | Inflation rate | Growth in token supply over time. |
Key idea: Token price cannot be interpreted without supply. Future issuance changes the denominator of token-holder value.