I always thought it was all unlocked tokens as per tokenomics, however I've encountered resistance from some people suggesting it should not include "unlocked team tokens" as they are not available to the public. This claim seems to be supported in text such as https://www.coingecko.com/en/glossary/circulating-supply
This seems silly as it's available to be sold but it's technically not "circulating among the public".
With no blockchain police or governing body to refer to, what's the consensus?
Example: Popcoin has a 100 total supply, 25 are unlocked, 25 have vested but aren't claimed by the team, and 50 are still vesting. What is the circulating supply? 50 or 25?
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