Why CryptoBridge worth to invest?
BridgeCoin should be 100k Sat ,5X now price
If you don’t know what is CryptoBridge and BridgeCoin, there’s a short intro from Introducing CryptoBridge: A Decentralized Exchange Owned by BridgeCoin Holders
CryptoBridge is a decentralized exchange utilizing a high performance scalable blockchain. 50% [75% until promotion end] of all profits from the decentralized exchange are distributed to BridgeCoin owners.
So unlike Masternode, the payouts from Staking is not a block reward distribution and there’s no inflation anymore as all BridgeCoin already mined.
It’s just like Apple distributes dividends to shareholders.
Let’s take a look at the Equivalent profit For BridgeCoin Stakers in the past 7 months [2017/12–2018/6] :
Despite in a bear market , CryptoBridge still could keep growing rapidly and distribute more profit to Stakers.
In the other hand ,the BCO staked with bonus included ,which is the denominator in the payouts calculation formula, almost stop growing:
So let’s calculate the annualized payouts per BCO based on Equivalent profit and Total BCO staked in the past few months.
As BCO’s price is around 17.5k Sat now, the Dividend Yield of BridgeCoin is close to 15%.
This is superior and much more than the calc tools tell us , we compare it with others to see if it’s undervalued.
As a investor of Cryptopia Fee Shares, I‘ve witnessed that payouts decrease a lot in the past months because of the bear market. Since CryptoBridge is outperform, we should give BridgeCoin a higher valuation.
Under the correct valuation, the Dividend Yield of BridgeCoin should be less than 3% , which means that price should be 5X — 100k Sat.
But now I’m not worried about that the price not skyrocket, I actually hope there’s another dump to let me could buy cheaper BridgeCoin.
