What could be more valuable than DeFi, Synthetix, Design, Kyber, 0x, Nexus price/recall analysis tokens?

PER comparison

The above generally identifies how this process generates revenue, and below are the benefits of well-known DeFi tokens. (An example of a high P/E indicates an overstatement!)

P/E ratio of various popular protocols

we can see it,Both Synthetix and Nexus Mutual have lower price-to-return ratios of 5.7 and 13.2, based on financial and crypto asset standards.These two symbols areNewly opened unlicensed financial products market (synthetic assets and insurance). With this in mind, the future growth potential of these two deals can be estimated in the wider market.

followingKyber Network, which has a reasonable P/E ratio of 31.2x, is equivalent to Microsoft, which operates at a P/E ratio of 30.27x.Kyber Network established itself as one of the top non-compliant licenses in the DeFi space in 2019, but that growth hasn't happened in value at all. It will be interesting to see how future Katalyst network upgrades (token market restructuring) affect prices in the coming months. Finally,It is one of the largest decentralized exchanges in terms of trading volume.

MakerDAO trades at around 80 times its turnover,This is comparable to current prices fetched in many major emerging markets. MakerDAO burns over 12,000 MKRs, howeverThe tour is well over 100 million Dai,MakerDAO has been successful in recent years and has played a key role in improving DeFi.

Suede duab powered by Maker Burn

The USD price of MKR has remained stable, but this is mainly due to the drop in the price of Ethereum a few years ago. Take a look at the performance of Ethereum based on MKR, as of January 2018Assets rose 124% in ETH content.

The still token gains, 0x, Aave and Augur, trade at a price/earnings ratio, which is unbelievable in the capital markets. From there, we can say that this process should gather more users to generate more revenue.The token market needs to be restructured to take more advantage of the usage and cost protocol.

Compare that to the average budget

While the excitement over the approval of open source isn't beneficial, we're right.Token strategies like Binance Coins (BNB) were pioneered by “crypto” companies like Binance.

every quarter,Binance will use a portion of its trading proceeds to burn BNB tokens.This provides additional funding to BNB holders based on their quarterly earnings. Although there is a community debate on how these tokens can be burned (BNB tokens are not bought on the open market, they are bought and burned by non-flowing ICO reserves), but they follow the base and give color. . It describes how approved cryptocurrency companies are decentralized similar to annual revenue and compared against negative returns. In this case, Binance is far from the Defi protocol.

In the past 4 months, Binance has spent nearly $115 million burning BNB tokens.

Annual legal reimbursement

Annual revenue will be allocated to approximately $115 million worth of BNB tokens, with a current BNB market value of $2.83 billion;Accordingly, BNB includes a change of 17 times revenue.It's worth comparing to one of the most important tokens in the space.

Although the earnings are very good, it should be noted that BNB token holders do not have the same legal protections as participants, nor do they have the right to control the value of the BNB token by fire. . There is an issue with changes in Binance's whitepaper on how token fires can be done.Therefore, traders should always be aware of the risks associated with the support associated with the token process.

Note: Almost invisible, Binance updated its white paper last summer to avoid burning BNB at the expense. The research data produced by organizations such as Arca and Messari is incorrect, but Changpeng Zhao was happy to retweet and intervene with them. We will now burn the price of BNB according to the packaging industry.

Bonus: two experiences

What if the DAI industry cap reaches $400 billion?

My previous article explored Dai's ability in many negative aspects. Yes Dai can participate in the global economyThen there will be millions or trillions of people dying in circulation.

So how will MKR be affected in this situation? If the designer controlled the current PER, spreading rate and Dai trajectory, the value of MKR could be calculated and estimated in this case.

The formula for calculating the MKR value is as follows:Floating market value = Rov qab * PER ratio

If Bear...

51% of Argentinian financing M1 = 13 billion dollars

1% of US M1 funding = $40.3 billion

10% of US M1 funding = $403.4 billion

Think ...

Reports: 0.25%

START: 80

MKR Supply: 1,000,000

Then, we ...

This means that if 10% of the rounds of US currency M1 are seized, the value of MKR will exceed $80,000. (MKR is currently trading at $609)

As with my last article, the image above is designed to give you an idea of ​​how much MKR might be appropriate in the future and should be treated with caution. This estimated MKR value does not include previous burnt MKR tokens,It is only calculated from fully diluted MKR rice.Additionally, the deposit rate, fixed price, and spread all change in the future.

Also, seeing these images will change the P/E ratio. If Dai still holds a lot of the existing money (some money he can grab in the future),Investors are able to bid lower MKR than PER as future growth expectations dwindle.

Of course, the reverse can happen. Traders can continue to push the price of MKR higher if the story of Dai holding steady prices without international approval is true and the industry believes there will be significant growth next. This means comparing MKR to a higher P/E ratio.

What are Uniswap Problem Tokens?

Uniswap has become one of the best unbanked applications of Ethereum. only in 2019,Uniswap has raised over $1.69 million in trades.It distributes millions of dollars in fees to financial service providers, but currently does not have its own tokens.

Fees for 2019, Location: Percentage DeFi

Suppose Uniswap decides to incorporate native characters into its future plans. So what is "fair value" and where is the value proposition?

First of all,Let's build a business model for Uniswap.List of prices based on exchange rates such as:

To become a UNIswap financial service provider and receive financial status, users must hold a certain number of UNI tokens (e.g. X here).

The design is not elegant, but very simple. UNI stands for the right to receive exchange rates via Uniswap.

So, given its current annual revenue of around $1.69 million, how can Uniswap achieve?

Its most direct competitor, Kyber Network, markets 31x value for money.After tokenization, Uniswap achieved revenue of approximately $52.39 million.That said, Uniswap has seen explosive growth over the past year, and investors are optimistic about its future prospects, which could lead to higher rates of return. . P / E ratio directly50x do.

Suppose the current P/E ratio is 50 times,Uniswap has a global market capitalization of $84.5 million., outperforms Kyber's outstanding market cap (tam sim no $76 lab).

P/E is for other purposes only100 times(although that's still less than half of Tesla).Uniswap's global market will reach $169 million,Access to tiered DeFi protocols like Augur (~158m) and Synthetix (~185m).

Therefore

The P/E ratio is a useful indicator of DeFi tokens.. Each forex contract has the same properties as a regular investment because it generates the most cash.

Importantly, DeFi tokens are less likely to retain a payout rate (possibly SNX) as they are often used to support disruptive processes rather than store assets or store assets. .

Thus, it seems fair to measure DeFi tokens from a traditional wallet. Tokens like Synthetix and Nexus Mutual have a lower P/E ratio.This means that he is profitable with his full investment. This may mean that they have no market value or that there is little room for hope in the future.(Assuming DeFi is still in its infancy, the potential is huge.)

Among tokens like Augur and 0x, there is a maximum P/E ratio.This means that those profits have to go through a tough time to save large amounts of revenue from their store to match their market share.Crypto investors are either (1) overvaluing assets or (2) having high expectations for their future growth.

However, displaying DeFi tokens from a P/E perspective can give investors a clearer picture of protocol usage and future investment portfolios.

At the same time, we can see what our new business needs.Compete with cryptocurrency licensed banks for cash flow and go beyond traditional financial institutions;This fledgling industry still has a long way to go.