MyBit: Market Analysis
What is MyBit?
MyBit is a Company registered in Switzerland that enables the crowdfunding of revenue generating machines (IoT assets). As stated on their Whitepaper anyone can buy a percentage stake in a device that generates revenue and in return receive a portion of revenue the machine produces.
In this way even the little investor is able to crowdfund and own a portion of a machine and receive a revenue through an Ethereum Smart Contract.
This project have the potential to unlock hundred of Billions of dollars in investment opportunities.
MyBit will take a 1% fee on every transactions flowing though the MyBit Network. The amount collected with fees will be distributed as a rewards to the MyB tokens holders.
So, In less words:
MyB is an Ethereum token of a promising project entering a multi-billions dollars market that give you also a reward based on each transactions on the MyBit Network
What are the usecases of My Bit Platform?
MyBit can be used for various markets, as stated on their Whitepaper:
- Renewable Energy
- Smart Property
- 3d Printers
- Drones
- Cryptocurrency ATMs
- Self-Driving Vehicles (Costumer)
- Automated Machinery (Commercial)
- Smart Homes IoT Devices / Machines as a Service (Business Model)
(in the Whitepaper you can find a detailed description of the usecases https://mybit.io/docs/MyBit_Whitepaper_v0.13.pdf )
What I like about MyB, as you can see, are the various usecases. In fact every device generating revenue and connected to internet could be a potential use of MyBit technology.
Let’s do same calculations:
In this part of the blog I will analyze various markets
Renewable Energy
Every kind of renewable energy can be used on MyBit platform.
Renewable energy is a growing market.
The Solar Power Market during 2013 was valued 91.3 Billions Dollars and it’s projected to reach 158.4 Billions of dollars on 2023.
Smart Property
Market of Real Estate was valued 826 Billions dollars in 2016: in which 402$ billions in USA, 60.2€ billions in Germany, 59.9€ billions in UK. ( https://www.pwc.com/gx/en/asset-management/emerging-trends-real-estate/assets/etre-global-2017.pdf )
Drones Market
Drones Market has a growing trend and it’s expected to be huge in the next 10 years.
They have many usecases.
It’s expected that it will be spent roughly 100 Billions dollars on drones Market by 2028.
While the commercial Drones Market is expected to reach 13 Billions Dollars by 2025.
3d Printers
3D Printers market is expected to have also a good growth in the next five years.
Many reports suggest a growth between 30–40 Billions dollars for 2020–2023
All of the others markets are growing and will reach full potential in years or even decades.
MyBit will give access to a market valued hundred (if not even thousand) of Billions. It’s an investment for the very long-term; in fact it has an incredible and huge potential.
At the moment MyBit is valued only 6M$. It’s a very low marketcap!
In my opinion an entry point below <10M$ it’s an excellent entrance. Since they are gonna to release the beta of the platform during Q4–2017 and having a 2nd ICO with unsold tokens during Q1–2018 (or Q2 2018).
The total amount of MyB will be 7M. Let’s imagine if MyB reaches 1 Billions $ marketcap (reachable)
1 Bn / 7M = 142.86$ each MyB
That means x64 at the current price (2.21$)
PREDICTIONS
Note: a good investment is the one giving you more 12% yearly (so I will multiply by x8.33, because 100/12.
There are so many applications for the MyB platform. Let’s assume 3 scenario:
Scenario A) Discrete Growth
Total transactions on the platform are 1 Billions dollars per year
1 Bn * 0.01 = 10M$ (fees collected on the platform)
10M * 8.33 = 83.333M$ (max marketcap predicted)
83.333M / 7M = 11.90$ (price of each MyB)
Scenario B) Good Growth
Total transactions on the platform are 10 Billions dollars per year
10 Bn * 0.01 = 100M$ (fees collected on the platform)
100M * 8.33 = 833M$ (max marketcap predicted)
833M / 7M = 119$ (Value of each MyB)
Scenario C) Very Good Growth
Total transactions on the platform are 25 Billions per year
25 Bn * 0.01 = 250M$ (fees collected on the platform)
250M * 8.33 = 2.08 Bn$ (max marketcap predicted)
2.08 Bn / 7M = 297.5$ (value of Each MyB)
Scenario D) Amazing Growth
Total transactions on the platform are 100 Billions dollars per year
100 Bn * 0.01 = 1 Bn$ (fees collected on the platform)
1 Bn * 8.33 = 8.33 Bn$ (marketcap predicted)
8.33 Bn / 7M = 1190$ (Value of each MyB)
As I already said this is an investment for the very long-term; In fact it will unlock its full potential in years-decades, so in my opinion it will be nice to hold it until at least 2020.
The initial marketcap is very low (6 Millions dollars), so it fits also the Mid-Term mindset (6 Months-1 Year)
MARKETCAP PREDICTIONS
My predictions about the total marketcap are the following:
Q1–2018 = 50 Millions $ (new ICO + Beta release)
Q4–2018 = 100 Millions $
Q4–2019 = 300 Millions $
2020+ = 1 Billions $
All of these predictions are possible IF MyBit will be adopted in a good manner. If the interest remain low, the growth will not be good.
By the way I’m confident about the Team and the Project.
If you liked analysis and you would like to help me with this work, I will appreciate a donation:
BTC Address: 1Lzi9NZ4fp4UMKvFhHx9Yra3BiHJ6X35pT
ETH Address: 0xBB79a38a885bDe06945d553b2126A9c2f9Ba0f61
Waves Address: 3PENM7bwxcqmyq5jNcXAq3iQdgtcfDcCPrt
You can even donate me some MyB ;)
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A PDF version of this article can be found at this link: https://mega.nz/#!NOACAY6T!Ei0-ELv8_9iAHqwcdFJo-ppIxBGfAN4ZAfPAI_gvG1c
Share it with your friends and I wish you an Happy HODLING
This blog post, as any posts, is not a financial advice. You are free to follow my analysis or not. You need to remember the golden rule: Don’t invest more than you can afford to lose.
