Collection Valuation Methodology
How CounterTools calculates collection market caps, floor prices, and related metrics.
Key Metrics
Floor Price (Collection Floor Sum)
The Floor Price shown for a collection represents the total cost to acquire one of each asset in that collection at the current lowest listing price.
This is NOT the minimum floor across all assets—it's the sum of all individual asset floors. Think of it as "what would it cost to complete this collection from scratch at floor prices?"
Market Cap
Market Cap represents the total theoretical value of all assets in a collection based on floor prices and circulating supply.
Assets with issuance over 100,000 are excluded from market cap calculations (except designated collection currencies like PEPECASH, XCP).
Total Asking Cost (TAC)
TAC is the sum of all current listing prices across all venues (dispensers, DEX, OpenSea). This shows the total value of all assets currently for sale.
Data Sources
We aggregate pricing data from three venues:
Counterparty blockchain
- Satoshi rate converted to USD via BTC price
- Only active dispensers with remaining inventory
Counterparty blockchain
- Trading pairs via XCP, BTC, or PEPECASH
- Only unexpired orders with remaining quantity
Emblem Vault wrapped tokens
- Direct USD prices from ETH listings
- Only active listings
The floor for each asset is the minimum price across all three venues.
Floor Price Caps
To prevent spam listings and unrealistic prices from inflating collection valuations, we apply intelligent floor caps based on two factors:
Blue Chip Collections (Full Rarity Caps)
These collections have proven market history with significant sales volume:
Rarity-Based Caps
| Issuance | Max Floor | Rationale |
|---|---|---|
| 1/1 | $5,000,000 | Rare Pepes have sold up to ~$3.7M |
| 2-4 | $3,000,000 | Very rare limited editions |
| 5-10 | $2,000,000 | Low edition collectibles |
| 11-20 | $1,000,000 | Limited editions |
| 21-50 | $100,000 | Medium rarity |
| 51+ | $50,000 | Common assets |
Special assets (RAREPEPE, FDCARD, SATOSHICARD) always have a $1M cap regardless of issuance.
Other Collections (Sales-Based Caps)
For collections not in the Blue Chip tier, we use conservative caps based on actual sales history:
- *If the collection has sales history: Cap = 3x the highest historical sale in USD
- *If no sales recorded: Conservative defaults apply:
This prevents collections with no proven market from showing inflated valuations due to speculative or spam listings.
Examples
Blue Chip: Rare Pepes
Non-Blue Chip: Modern Relics
Why This Matters
Without these caps, a single spam listing for $1 trillion would make a collection appear to have a trillion-dollar floor. Our tiered system ensures:
- 1.Blue Chip collections retain accurate high-value floors based on proven market activity
- 2.New/unproven collections show realistic floors based on their actual sales history
- 3.Spam listings are automatically filtered out without manual intervention
Update Frequency
Feedback
If you believe a collection should be added to the Blue Chip tier based on its market history, please contact us with evidence of significant sales volume and market activity.