Market cap tells you what's trading; fully diluted valuation tells you what's coming. Enter supply figures and an unlock rate to see the gap between the two and how holders are diluted over time.
Dilution here is mechanical: your share of total supply is fixed, but your share of circulating supply falls as locked tokens unlock. The calculator holds price constant — it is not a price prediction. For a full cliff-and-vesting schedule, use the vesting calculator.