Product methodology
Methodology
One transparent framework for estimating liquid value created for outside token holders and public-company shareholders.
Purpose and metric
The primary metric is Estimated value created for outside holders and shareholders. It ranks founders and joint founding teams associated with liquid token networks and public crypto companies. It is not founder net worth, personal wealth, founder-retained value, a claim that one person created all entity value, or investment advice.
Token/network formula
Circulating token market value − verified affiliated holdings included in circulating supply − reviewed outside capital = value created for outside holders. Unknown deductions remain Unknown and do not reduce the score. Locked or non-circulating tokens cannot be deducted. Incomplete deductions are upper estimates.
Public-company formula
Reconstructed public market capitalization − disclosed founder/affiliate equity value − reviewed pre-listing outside capital = value created for outside shareholders. Market capitalization uses the dated closing price and authoritative outstanding shares by class; enterprise value and fully diluted shares are excluded unless explicitly required by the stored method.
Founders and affiliated ownership
The ranking uses one joint founding unit per economic entity. Founder, trust, controlled-company, and other affiliate shares are counted once, with holder-level evidence. Share classes are summed without double counting. Stablecoin supply is never substituted for company equity value, and token/network value is not combined with the same company's equity value.
Outside capital
Only documented, reviewed capital events are accepted. Pre-listing financing is deducted for public companies; post-listing financing, repurchases, secondary transactions, stock compensation, and convertibles are included or excluded exactly as stated on each calculation page. Disputed, excluded, and scenario-only amounts cannot affect the primary ranking. Reviewed $0 requires affirmative evidence.
Snapshot alignment
Each published hourly snapshot recalculates the ranking from the latest eligible observations. Price, market-value, share-count, ownership, and capital observations retain their own dates, with date differences and staleness disclosed.
Confidence scoring
Scores are reproducible from stored components for founder attribution, gross market-value reconstruction, founder/affiliate ownership completeness, outside-capital completeness, source quality, snapshot alignment, and double-counting risk. Strong market data cannot produce a high-confidence label when ownership or capital evidence is materially incomplete.
Eligibility and upper estimates
Only supported, validated entries can rank. Unknown values remain null and never become zero. An entry with an unknown accepted deduction may remain eligible but is labelled an upper estimate. Its rank is provisional unless reviewed bounds prove the placement cannot materially change. Published ranking entries remain distinct from research candidates; validation failures remove an entry from the primary table.
Research priority and provisional rank
The evidence queue is ordered by rank sensitivity. Unresolved ownership or capital inputs capable of moving a project across the nearest ranking boundary are reviewed first. Until cited evidence resolves the input, or defensible reviewed bounds prove the rank invariant, the rank remains provisional.
Data standard
Every accepted numerical input has a source record. Calculations, included evidence, excluded evidence, disputed evidence, and remaining unknowns are visible on each detail page.