As we look towards our network’s highly anticipated mainnet launch, the Cypherium community has been fielding lots of inquiry into our product’s roadmap, its history, and its value to the crypto space. In advance of our public sale and the full public deployment of our blockchain, we thought it best to give a brief overview of our project’s achievements and the reasoning behind our first marketable valuation.
The Cypherium token used to operate the network is currently valued at $0.25, giving the network a pre-market capitalization of $225 million (https://saleinfo.cypherium.io/) This is a large valuation, yes. One that rightly places Cypherium in the top 100 market capitalizations of projects in the crypto space. But why has a network that has not yet deployed earned this spot? Many considerations contribute to this valuation, and we can classify them into three main factors determining our network’s value: our technology, our company’s achievements, and our future potential. Let’s take a look at those one-by-one.
Before we start talking about the valuation, it is important to know that valuation makes no sense without looking at the fundamentals first. Tesla was considered too pricey by many people and institutions. However, it was one of the superstar stocks this year, up 5x YTD. On the other hand, the “cheap” shares of the troubled car rental company Hertz lost over 90% from its 52-week high. Therefore, the growth potential of a token must be determined by its FUNDAMENTALS, rather than merely its valuation.
First, our technology. Cypherium has been, over the last four years, one of the world’s premier blockchains and smart contracting platforms. Cypherium enthusiasts know all the details, but they are worth reviewing in brief. Cypherium presents a dual chain structure that combines Bitcoin’s original Proof of Work with the HotStuff algorithm, recently adopted by Facebook’s Libra. This also allows our network to reach speeds beyond even those of Mastercard and Visa, without sacrificing the principles and security of decentralization. As a smart contracting platform, the Cypherium Virtual Machine runs Java, the most used coding language in the world. This unlocks billions of legacy devices waiting to be enfranchised by the world of blockchains. (Check out our proprietary designs at Cypherium Patents) And this is just our foundation; there is so much more to our technology that makes our network one of the ablest, most versatile blockchains to date.
In reality, of course, no technology can thrive without excellent business leadership. Cypherium’s achievements as a company luckily match its great technical prowess. We have demonstrated our tech through a use case with Randstad, one of the world’s largest HR providers. We have fostered partnerships with IC3, Google Cloud, IBM, Amazon, Microsoft, Chainlink, Federal Reserve Board — US Faster Payments Council, and most recently, OMFIF — DMI. Recently, we also entered into an MoU with Suzhou City, China to help develop their municipal blockchain infrastructure. The Cypherium team has used these partnerships to help our technology develop into the real-world business solution we designed it to be. Few upcoming projects — projects that have not yet been released to the public — can boast partnerships of this high caliber. More exciting about us, we are the only blockchain project directly in touch with the world’s leading central banks on central bank digital currency (CBDC) interoperability. Last month, we had a historic panel discussion with the Bank of England, Swiss National Bank, Central Bank of Hungary, and ING. Even more recently, we were listed as a preferred startup at Société Générale’s Startup-flow. Société Générale is one of the largest banks in France, and our promotion on their platform underlines that our value to the CBDC and fintech space is founded in concrete, deliverable technology. Our target is the trillion-dollar CBDC market, which is 1000x bigger than the existing crypto market combined.
Cypherium’s business and technological fundamentals are more appropriately compared to those of Chainlink and Libra than those of the bottom 100 crypto projects. These are the companies that interact with our technology, whose solutions compete with ours for a place on the cutting-edge of decentralized business solutions. And the potential that they have demonstrated is truly Cypherium’s potential. We are very excited to share our technology with the world. We believe Cypherium can truly change the landscape of crypto, and bring decentralized tech to more legacy businesses than ever before. Our valuation is a critical part of that. We need to set Cypherium off in the right direction. We need a valuation that neither overstates our current position nor undervalues this serious and robust network. Our current valuation does just that. We can’t wait to continue the next phase of this journey with you all.
