22 March 2018

Switcheo Network Vs Neon Exchange (NEX) Exchange ICO Comparision

Switcheo and NEX Comparison With Kucion

Switcheo and NEX Comparison With Kucion
Switcheo NEX
Total Supply 750,000,000 2,50,00,000
Market Cap @ Cureent ICO Price 750,000,000*0.016=12,00,000 2,50,00,000*1=25,000,000
Current Market Cap of Kucoin 180,000,000 18,00,00,000
Current Volume of Kucoin 27,000,000 2,70,00,000
Comparing With Kucoin Market Cap (180,000,000/12,000,000)*(10,000,000/27,000,000)=5.5X (180,000,000/12,000,000)*(10,000,000/27,000,000)=2.6X
Future Expected Price 5.5X on CMP i.e. 0.016*5.5=0.088$ 2.6X on CMP i.e. 1*2.6=2.6$

Note: The above calculations are obtained basis Kucoin market-cap as of 18th March, 2018.

Video Summary (video is 03:03 long):

Why Switcheo > 0.16 $ i.e. 10 X

  • Daily Exchange volume 10 Million (assumption)
  • Revenue at 0.50% (max cap) = 10,000,000 x 0.50% = 50000$
  • Revenue post 365 days = 365 x 50000 = 18,250,000
  • Circulation supply swh =750,000,000
  • Assuming swh Coin burn @0.16 $ post 365days – 18,250,000 (Revenue) / 0.16 = 114,062,500
  • Circulation supply post burn: 750,000,000 - 114,062,500 = 635,937,500

Switcheo Market Cap = 635,937,500 * 0.16 $ = 101,750,000 

NEX Staking income at 10 M Exchange Volume

  • Daily volume 10 Million (assumption)
  • Revenue at 0.20% (max cap) = 10,000,000 x 0.20% = 20000$
  • Revenue post 365 days = 365 x 10,000 = 7,300,000
  • Maximum Circulation Supply Nex = 50,000,000
  • If Staked Percentage = 75%
  • If 1000 Nex staked fees earned = 109.5 $ ( Per Annum)

Final Verdict

  • Switcheo May receive early mover advantage
  • Low Marketcap booster for Switcheo
  • Switcheo ( Coin Burn Binance BNB) Vs NEX (Dividends similar to Kucoin Kcs )
  • Swictheo 5.5X – 10X Vs NEX 2X - 3X