Version 1.0 · Updated July 28, 2026
Methodology
A reproducible, conservative framework for estimating liquid value created outside project-affiliated holdings.
What the score measures
The estimate attributes liquid value created for outside token holders to a founder or founding team. It is not personal net worth, realized profit, enterprise value, or social impact.
Formula
Circulating market value minus approved project-affiliated circulating holdings minus qualifying outside capital equals estimated wealth created. Project scores are allocated to founding units using a sourced attribution fraction.
Excluded holdings
Only documented project-, treasury-, team-, or founder-affiliated holdings are eligible. A wallet must be approved, mapped to the asset, and have a known circulating-inclusion fraction. Unknown fractions are not deducted and create a warning.
Outside capital
Publicly documented funding is converted to USD at the event date and deducted only when the record explicitly qualifies. Original amount, currency, conversion method, inclusion decision, and source remain visible.
Circulation assumptions
Circulating supply follows the canonical market observation. Wallet balances are multiplied by their curated circulating-inclusion fraction. A fraction of 0 excludes the balance from circulating supply; 1 treats all of it as circulating.
Cofounders and teams
Attribution is stored per project-to-founding-unit link. Team collectives may receive the full project score; individual cofounders may receive sourced fractional shares. Fractions across active links cannot exceed 100%.
Stablecoins
Stablecoin issuance is not treated as wealth creation merely because supply exists. A stablecoin project requires a category-specific methodology and eligible outside-holder value before ranking.
FDV and TVL
Fully diluted valuation and total value locked are not used in the core score. FDV counts non-circulating supply; TVL often includes user deposits and can double-count capital.
Confidence system
High, medium, low, and insufficient labels summarize evidence completeness and material uncertainty. Missing required inputs or blocking validation failures keep an entry unranked rather than substituting zero.
Update frequency
Market and wallet observations can refresh automatically. Curated ownership, classification, attribution, circulation, and funding inputs change only after research review. Each project shows calculation, observation, and review timestamps.
Limitations
Public wallet attribution can be incomplete or disputed, exchange and custody balances can obscure ownership, provider data can diverge, and funding disclosures can omit terms. Scores are estimates and should not be used as investment advice.
Research standard
Every manual input requires a claim-level source. Curated research and API observations are visibly separated. Calculation failures produce an unavailable result, never a fabricated score.
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