Treasury manager, agent Archie Sterling III has been moving capital into the treasury at an accelerated pace for the past few weeks. Today, I want to share what I think it means for $svXAI staked token holders, and I why I like Sideshift.ai.

Disclaimer: All of this is my own opinion and none of this is investment or financial advice. Do your own research on these crypto collectibles.

Let's start with some history. Back in the 20th century, classic value investing was both an art and a science. It involved estimating the cost of money today and its value tomorrow. The math boils down to a common calculation called Discounted Cash Flow or DCF. To find a company's DCF, value investors use estimates like free cash flows, weight average costs, and net asset value to guess whether a company is overpriced or under priced.

This cannot be applied to crypto protocols because many projects don't use securities and bonds to raise capital and sell the ownership of the property. Very few crypto projects raise capital publicly by issuing stock ownership. Instead, they mint their own tokens to fund the project.

The common misconception in the industry is bag holders are investors. Take for example the US dollar. No one ever says 'I'm invested in the greenback that's why my bands are under my mattress.' On the contrary, people who hold their wealth in USD don't find value in the open market and therefore choose to position in T-Bills. (Short-term and long-term US treasury bills are essentially cash with interest rate yields that is directly correlate to the confidence and backing of the United States government.)

One mechanism designed into USD (a fiat currency) is for the governing body's ability to escalate (but not de-accelerate) its inflation in emergencies to mitigate its economy and its people from falling into a depression. This inflation erodes the purchasing power of the money. History has shown that this mechanism can and is abused at times of crisis by people in power. As a reaction to this, computer scientists invented $BTC, but I digress.

In other words, people who hold $BTC and other cryptocurrencies are not investing, but are trading from one asset to another akin to Forex trading.

Now let's zoom into the crypto sector. This industry, although 15 years old, is still a patchwork of technophiles, gamblers, predators, and users looking for a place to secure their wealth. From this, hundreds of networks are launched, and even more tokens are spun up to speculate on innovation. This democratization of finance introduces a technical problem involving cross-chain bridging.

Which brings me to Sideshift.ai. The platform was first launched in 2018 (that’s already 6 years ago folks) and enables users to swap directly from wallet-to-wallet from 200+ tokens to choose from. The project earns revenue from the transaction fees and so far users have shifted over $1.8 billion in total volume. 25% of that revenue goes directly back to the staked $XAI holders.[1] The rest goes towards operation costs and its treasury.

In 2022, ***Sideshift.ai ***opened an on-chain treasury where users can view the project's crypto holdings.[2] It currently stands at $20.9 million in US dollar denomination.[3] The $XAI FDV(market cap) is currently $34 million in USD.[4]

If we use the net asset value or in this case, net coin value calculation and swap the treasury with the sum of $XAI, we can see that there is a 13.1 million difference in price in USD denomination. The treasury is currently a mix of $BTC, $ETH, and stable coins.

One can argue the price is overvalued, but this 13.1 million does not factor in the value of the project, its reputation, and the service it brings to the industry.

Consider the wise words of the Warlock - ‘would you rather degen into a dogshit coin at a shit price, or a shitcoin at a dogshit price’.

Another point to consider is $BTC and vanilla $ETH, the coins, although backed by PoW and PoS, are unproductive collectibles. But $XAI staked holders can sleep well knowing Sideshift.ai creates value for its users and the industry by enabling direct wallet-to-wallet trading from over 200+ tokens to choose from while being able to verify the project's treasury to ensure that operations will continue.

Long term thinking has long term benefits.

Good job! 🎈

Treasury manager, agent Archie Sterling III has been moving capital into the treasury at an accelerated pace for the past few weeks. Today, I want to share what I think it means for $svXAI staked token holders, and I why I like Sideshift.ai.

Disclaimer: All of this is my own opinion and none of this is investment or financial advice. Do your own research on these crypto collectibles.

Let's start with some history. Back in the 20th century, classic value investing was both an art and a science. It involved estimating the cost of money today and its value tomorrow. The math boils down to a common calculation called Discounted Cash Flow or DCF. To find a company's DCF, value investors use estimates like free cash flows, weight average costs, and net asset value to guess whether a company is overpriced or under priced.

This cannot be applied to crypto protocols because many projects don't use securities and bonds to raise capital and sell the ownership of the property. Very few crypto projects raise capital publicly by issuing stock ownership. Instead, they mint their own tokens to fund the project.

The common misconception in the industry is bag holders are investors. Take for example the US dollar. No one ever says 'I'm invested in the greenback that's why my bands are under my mattress.' On the contrary, people who hold their wealth in USD don't find value in the open market and therefore choose to position in T-Bills. (Short-term and long-term US treasury bills are essentially cash with interest rate yields that is directly correlate to the confidence and backing of the United States government.)

One mechanism designed into USD (a fiat currency) is for the governing body's ability to escalate (but not de-accelerate) its inflation in emergencies to mitigate its economy and its people from falling into a depression. This inflation erodes the purchasing power of the money. History has shown that this mechanism can and is abused at times of crisis by people in power. As a reaction to this, computer scientists invented $BTC, but I digress.

In other words, people who hold $BTC and other cryptocurrencies are not investing, but are trading from one asset to another akin to Forex trading.

Now let's zoom into the crypto sector. This industry, although 15 years old, is still a patchwork of technophiles, gamblers, predators, and users looking for a place to secure their wealth. From this, hundreds of networks are launched, and even more tokens are spun up to speculate on innovation. This democratization of finance introduces a technical problem involving cross-chain bridging.

Which brings me to Sideshift.ai. The platform was first launched in 2018 (that’s already 6 years ago folks) and enables users to swap directly from wallet-to-wallet from 200+ tokens to choose from. The project earns revenue from the transaction fees and so far users have shifted over $1.8 billion in total volume. 25% of that revenue goes directly back to the staked $XAI holders.[1] The rest goes towards operation costs and its treasury.

In 2022, ***Sideshift.ai ***opened an on-chain treasury where users can view the project's crypto holdings.[2] It currently stands at $20.9 million in US dollar denomination.[3] The $XAI FDV(market cap) is currently $34 million in USD.[4]

If we use the net asset value or in this case, net coin value calculation and swap the treasury with the sum of $XAI, we can see that there is a 13.1 million difference in price in USD denomination. The treasury is currently a mix of $BTC, $ETH, and stable coins.

One can argue the price is overvalued, but this 13.1 million does not factor in the value of the project, its reputation, and the service it brings to the industry.

Consider the wise words of the Warlock - ‘would you rather degen into a dogshit coin at a shit price, or a shitcoin at a dogshit price’.

Another point to consider is $BTC and vanilla $ETH, the coins, although backed by PoW and PoS, are unproductive collectibles. But $XAI staked holders can sleep well knowing Sideshift.ai creates value for its users and the industry by enabling direct wallet-to-wallet trading from over 200+ tokens to choose from while being able to verify the project's treasury to ensure that operations will continue.

Long term thinking has long term benefits.

Good job! 🎈