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二手徵求有驚喜
Table of Contents
Preface
About HashKey Capital
Introduction
Token Categories
Chapter 1 Valuation of Native Cryptocurrencies
1.1 The value of a trusted decentralised network replacing centralised financial institutions
1.2 Bitcoin comparison with telecommunication networks
1.3 Hallmarks of value and equilibrium of a decentralised network of assets
1.4 Bitcoin’s Moore Law Compensation
1.5 Bitcoin price equilibrium adjusted to M2
1.6 Bitcoin Stock-to-Flow Model
1.7 Bitcoin P/S ratios
1.8 Bitcoin comparison with gold ETF
1.8.1 Bitcoin - “Digital Gold”
1.8.2 The Institutionalisation of the Gold Market
1.8.3 The Impact of Gold ETFs on Gold Prices
1.8.4 Bitcoin ETFs
1.8.5 Bitcoin price projection from the Bitcoin ETFs outlook
1.9 Cost of production method
1.10 Transaction value to transaction fee
Chapter 2 Public Chain/Layer 1 Valuati
2.1 DCF – Discounted Cash Flow
2.2 Calculating Discounted Cash Flow Method (DCF)
2.3 Calculating the price equilibrium for Ethereum
2.4 Value of a perpetual bond
2.5 Metcalfe’s Law
2.6 NVT Ratio
2.7 NVT calculation
2.8 P/S Ratio
Chapter 3 DAO Tokens and Utility Tokens
3.1 Market approach
3.2 Comparable tokens
3.3 QTM – Quantity Theory of Money
3.4 Market capitalisation/TVL ratio
Chapter 4 A Framework for DAO Token Valuation
4.1 Voting premium
4.2 Net Current Asset Value Per Token (NCAVPT)
4.3 Transparency and governance premium
Chapter 5 STO Valuation
5.1 Income-based Approach
5.2 The Relative Valuation Method
5.3 Cost Approach
Chapter 6 NFT Valuation
6.1 Valuation Matrix of NFT
Conclusion
2024專利防護中