Thread why @akashnet_ should be your biggest bag for this bullrun and throughout the next decade.
I'm expecting this one to be a top 20 coin.
Definitely worth your time, and therefore your money.

$AKT @gregosuri

1/16

The cloud computing industry is a $370 billion market (2022 forecast), so far dominated by 4 cloud service providers (AWS Amazon web services, Microsoft Azure, GCP, and Alibaba cloud).
These providers’ profits are insane, and that's where the revolution starts:

2/16

by providing a decentralized solution, there is no margin to be made by a centralized entity, which results in lower costs for cloud computing customers (akash costs 10x less than AWS), and more rewards for people who sell cloud computing services (4x more than AWS).

3/16

Think about it like you think about Defi: if there is no bank to take huge profits, the money goes to the users (BOTH lenders AND borrowers), meaning both cloud computing users and providers, for our case.

4/16

This more attractive offer, and market laws, will drive huge volumes and new users over, and akash network market share will consequently grow.
Now what you’ve been waiting for: the $AKT token.

5/16

Unlike most crypto currencies, which values are based on faith, trust or speculation, AKT's value is driven by the GMV: Gross Merchandise Value. GMV is the total value of all completed transactions in a particular marketplace in a given period of time.

6/16

AKT's value is backed by the total value of transactions in akash's marketplace made possible by a take rate where a percentage of transactions is paid to the marketplace owner. And this market place owner is ... AKT holders.

7/16

This concept of a take rate was not created by akash, firms like Apple, google, uber and many others use it. The difference is, when apple's take rate goes to apple, akash's take rate goes to you.
My favourite part: the valuation.

8/16

My favourite part: the valuation.
Akash take rate is at 20%.
Total number of AKT token at genesis: 100 million
Total addressable market (cloud computing market): $370 billion by 2023

9/16

IF akash market share reaches 1% (this hypothesis is weak considering how competitive they are), the GMV would be at $3.7 billion.
20% of that gives a $740 million take rate. We said 100 million total supply -> $7.4 dollars rewarded per year for holding 1 AKT token.

10/16

That means 1 AKT would be at least valued $7.4, but here's why it would be valued >10x that:
$7.4 would be the annual reward, however, holding 1AKT qualifies for earning $7.4 EACH YEAR. To quantify this, analysts use the PE Ratio (Price to Earnings ratio).

11/16

And for the cloud services industry, the PE ratio is over x30 (according to csimarket). Meaning the market gives a value of 30 times the $7.4 earning to one share. That's above $200 value for 1 AKT. All of this is under the hypothesis akash only gets a 1% market share...

12/16

If it starts with 1% but is expected to reach 20% in few years, then the value won't wait for the market share, because investors would buy AKT at a higher price, knowing they will get higher rewards in the future …

13/16

…since they expect the market share to grow, and therefore the take rate value to grow (discounted by the time value of money obviously). This is called the DCF (discounted cash flows) valuation method.

14/16

All in all i won't be surprised if it 50x and reaches the top 20, as it's one of the few real use case projects out there, revolutionizing its market, having the token value based on the actual usage, which is forecasted to explode regarding how competitive they are.

15/16

Keep in mind it didn’t hit major exchanges yet ;)
Cya on the moon

16/16

Ow and it is built on top @cosmos $ATOM ( fast and low fees tx), and can be staked for around 80% APY on Keplr

17/16