> So if for instance some company creates a token, and says that there can be 10 billion of the token, and reserves them all for itself, and then sells 1 millio

> So if for instance some company creates a token, and says that there can be 10 billion of the token, and reserves them all for itself, and then sells 1 million of them to outside investors for $1 each, then the market cap of that token is $1 million ($1 times 1 million circulating tokens), while the fully diluted market cap is $10 billion ($1 times 10 billion total tokens), and the issuer’s 9,999,000,000 remaining tokens have a value, on this math, of $9.999 billion. I have had for a while this secret plan to become the richest person in the world by a wide margin. Because I seem to be too lazy to actually execute it, I think it is better to just publish it for the hope that someone else does it: So, the plan is to create a new cryptocurrency called Googolcoin (GGC). The supply of the coin would be - as the name implies, 10^100 GGC. I would pre-mine all but say 1000 of them for myself and leave the rest for miners. Then I would start making the market and put all of my GGC for sale, at a price of $1/GGC. Of course, I would also put offer to buy as many GGC as anyone wants to sell at say $0.7/GGC. Then I would go and bribe someone and buy one GGC from me. And there you have it. My net worth would be orders of magnitude greater than all other wealth in the earth combined! Take that, Elon. (If my reader at this point has not realized that the concept of market cap for cryptocurrencies is stupidest thing since... well previous stupidest thing, I would recommend selling your crypto ASAP.)