ICO Token Market Cap – What Does it Mean?

As I have been tracking EOS and their ongoing Initial Coin Offering, I see on their tracking page http://eosscan.io/ that they post their ICO Token Market Cap at any given time. Here is a picture of today’s number.

The question I have to ask is what does market cap mean when it comes to the blockchain based companies and does it truly represent what market-cap does in general?

Here are my thoughts:

https://urbancrypto.com/ico-token-market-cap-what-does-it-mean/

What do you think?