dlux | determining valuation

Determining Valuation

dlux.io is tokenizing public domain media. Anything that can be shown or referenced by a web browser, XR/AR/VR/traditional. I want to lay out the value proposition for participating in this ICO. Software that literally pays for its own development and distribution without collecting data, dispersing ads, or needing to rely on a third party.

video AR in action

I've touched on world views and economics before and this paradigm can't be returned from. One that skips the app store, play store, facebook and twitter censors... where everybody can censor token rewards, but nobody can silence somebody outright. This is web3.0 - the merger of trust with information.

However, we made all our software open source. Content based applications, any XR where you don't need to trust users(verify cheating) you can use software like our own to distribute these applications with a signature in an uncensorable way.

We like to think of this as the world's greatest seesaw. It only has value when people use it. Our token incentivizes participation in society by delivering needs and wants. What we don't want to do will be automated. What we want to do will be incentivized. XR allows any conceivable interaction or UX to share and communicate ideas. We've laid out use cases for art and self driving cars. However, this is the backbone for bridging trust to anything. Interacting person to person. On a conscious level, where we vote and it’s not all or nothing, it's every intent made going exactly where it was intended.

Put quite simply; we open sourced our software because it's impossible to compete with free. We believe that this lowers the value of all software/content distribution solutions to 0 as well. In the near future the only commodity humans will find any value in is trust. dlux is a software solution that incentivize anybody to find a "free" way to go about their lives. By providing meaningful services at cost through an up vote economy/wallet staking. One by one every service we find value in will be transformed. Revolutionized. We won't tolerate pollution. We won't tolerate waste. We won't tolerate violent behavior.

Our individual votes will matter. We get to decide who to support: Community members fixing local infrastructure. Providing clean water solutions to Africa. Teachers posting VR lessons and language classes. Our friends for their art and science projects.

The only intrinsic value anything has is trust. You won't eat "possibly" poisoned food. Gold only has value because you trust others will find value in it. The same for "money," the debt we all carry.

Market Edges

Several ways exist to determine the valuation of our software

Past

Development Time

Our team of two have self funded the R&D for developing dlux.io. We would value that at $200-500K(taking 2% would value the software at $10-25M).

Friends and Family Token Sales

Using the above metric we sold less than .1% at $0.10 each.($10M)

Present

Donation

We've raised $442 through donations. This places market cap at ~$2400 as the last bid was at .95 multiple for the block and was the largest bid so far. ($442 for 20%)

Delegation

We currently have 4937 SP delegated which will earn $429 during the ICO period. This values the market cap at $21,450. ($429 for 2%)

Arbitrage

Since the opening block is for 20% this means roughly $4,200 of our SMT is currently up for auction... and only $442 have been put in the pool. Meaning there is value in either abandoning your delegation or donating to the ICO.

Future

The first round is over on November 1st. It will immediately be followed by 128 sequential rounds for 0.3125% or 312500 tokens per day.

If the current donors are correct in valuation there will be approximately $7 donated on the first block of the next round with 1.00 multiple. This will award 312,500 tokens(locked after only 24 hours now).

If the delegators are correct in valuation there will be approximately $67 donated on this round.

Hopefully these numbers come in to agreement and rise. If our internal valuation of 10M is correct there will be an additional 2M donated before November 1 and $31,250 each day after. (Priced in STEEM as of March 9th). Total delegation would be roughly 1.8M SP over the whole course of the ICO.

Additional Consideration

In addition to the direct donations we also earn direct rewards by utilizing bid bots to market our solutions. Driving engagement and placing high in SEO. STEEM we can utilize this way will have lowering marginal returns, but in general should double the value of the first 500 STEEM donated per day. We can release tutorials and announcements this way, engaging more people with dlux and driving adoption, utility, overall value of the STEEM blockchain, and in our opinion a great use of the rewards pool.

We will also use our Resource Credits to claim accounts. Anybody who can show software to place in dlux via a glitch will receive an account free.

How to Participate

ICO Portal | send steem to @robotolux
Delegate to @dlux-io directly | copy link and change 100 to desired value
https://steemconnect.com/sign/delegateVestingShares?delegatee=dlux-io&vesting_shares=100%20SP

Announcement & Delegation annoucement

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[1] Public ICO

• 20% allocation = 20,000,000 DLUXIO
• Uncapped
• October 1 - October 31
• Wait Weighted *

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[2] Daily micro-offerings

• 0.3125% daily allocation x 128 days = 40,000,000 DLUXIO
• Uncapped
• November 1 - March 8
• Wait Weighted *

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* Wait Weighted:

WeightedAmount = PurchaseAmount*(Math.sqrt(Math.pow((BHf - BHo), 2)-Math.pow((BHo+BHb), 2)))/2 + 1/2

Where BH is Blockheight(time), o is initial, f is final, and b Purchase block.

In most uncapped rounds all investment activity is at the beginning and end. This gradual acceleration toward 50% ensures that there is always an incentive to purchase now for community price discovery, but also to encourage further investment as your share to investment ratio grows with each additional bid. We couldn't think of a fairer way to incentivize participation. There are no GAS prices or ways to censor other bids on STEEM.