Exchange Token Valuation Report | August 2020

Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight

Overview

In the cryptocurrency industry, it is always diffcult to properly provide accurate valuations for digital assets. Currently, there exists no uniform industry standard or completely reliable valuation method to discover the true value of digital assets. A lot of cryptocurrency exchanges issued their platform tokens which directly relate to their platform. The exchange token (exchange based token), as a unique category of digital assets, can be fairly evaluated due to inherent properties of “stable currency fow”, allowing the foundation of a fair price.

1. Glossary

1.1 Introduction to Valuation Metrics

Due to the nature of the cryptocurrency market, we leverage multiple metrics to provide a reference for“fair price” on exchange-based tokens. The metrics used are Discounted Cash Flow method, Price to Earnings ratio, Earnings Yield, Price/Earnings to Growth (PEG), Price to Burn ratio, Burning Yield, MarketCap/Earnings, Implied Enterprise Value, Implied Enterprise Multiple and Network to Transaction Ratios.

1.2 Price to Earnings

Price to Earnings Ratio (P/E, Earnings Multiple)

1.3 Price To Burn

Price to Burn Ratio (P/Burn, Burning Multiple)

1.4 Earnings

MarketCap/Earnings

1.5 Token Onchain Fundamental

Network to Transaction Ratio

2. Valuation Assumptions

• Quarterly valuation

3. Correlation Analysis

3.1 Year to Date

Exchange Token Valuation Report | TokenInsight

3.2 Q2 2020

Exchange Token Valuation Report | TokenInsight

3.2 Rolling 30 Days

Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight

4. Binance Coin (BNB)

Binance Continues its Journey to Expand the Market Globally

Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight

5. Huobi Token (HT)

HT Derivative Shows Prominent Market Result

Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight

6. OKEx Token (OKB)

The Existing User Base of OKEx Provides Strong Support for the Long-Term Price Increase of OKB.

Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight

7. FTX Token (FTT)

Benefting From its Unique Advantage, FTX Stands Out From Many Derivative Exchanges.

Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight

8. HBTC Captain Token (HBC)

HBTC Improves Liquidity by Relying on Crowdfunding Liquidity Currency

Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight

9. KuCoin Shares (KCS)

KuCoin Exchange Offered Public Chain Focusing on Decentralized Finance

Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight

10. BitMart Token (BMX)

BitMart Features for its Compliance, Providing Reliability for Transactions

Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight

11. UNUS SED LEO (LEO)

Bitfnex Maintains the Strong Position in the Cryptocurrency Exchange Sector

Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight
Exchange Token Valuation Report | TokenInsight

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