What Is a “Fully Diluted Valuation” (FDV) and Why Is It Important for New Tokens?

Fully Diluted Valuation (FDV) is the theoretical market capitalization calculated by multiplying the current price by the total supply of tokens that will ever exist (including vested and unreleased tokens). FDV is crucial for new tokens because it gives investors a realistic view of the project's potential future valuation and helps compare projects with different vesting schedules.

A high FDV relative to the current market cap suggests significant future token dilution.