Gas/NEO ratio relationshp
So I've come to this article this morning on NEO/GAS possible mispricing. The idea is that since each NEO will produce one GAS over next 25-30 years, the current NEO value should just be the discounted value of all GAS over the time period. The author included a google spreadsheet to calculate the NAV of different scenarios, so you can check it out if interested.
Now, it's kind of fruitless to do valuation when the whole space is on a huge run, but I thought the logic makes sense. Besides the voting right, and I doubt most small investors or speculation care about it, why not just buy a GAS on an open market at a much lower price, in contrast to holding NEO and wait for 20+ years to get your GAS? The network runs on GAS, not NEO.
I've included the GAS/NEO ratio chart over roughly past 6 months because that's the earliest GAS data I could find on CMC.
Please let me know what do you think about the price relationship, I think this is even more interesting than Steem/SBD ratio.
今天看了一篇文章, 大意是NEO比GAS貴不合理. 他的邏輯是一個NEO在未來~25年總共會產生一個GAS, 那為什麼不要直接買GAS? 畢竟第一你不用等25+年, 第二GAS還比NEO便宜. NEO是有投票權, 但是投票權有那麼值錢嗎? 值少在傳統金融市場, 投票權沒那值錢.
我在CMC抓了過去六個月的資料, 除了剛開始, 兩者的關係大約都在 0.5~1徘徊(說不定這是個交易策略).
有對NEO熟的人可以解釋的更清楚嗎? :)
Thank you for this informative and well written post, @weiching
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Thank for shared..
One of the best real world uses for Crypto at the moment with great potential. Makes up a major part of my portfolio! cheers mate
one of the few holdings I've got. Crazy world.