So I think most of us are asking what is the value of PPT when measured by traditional means. I'm going to take a stab. I appreciate comments on my ramblings and rough math:
For example, if you can buy a share/token for $1 and earn 3% per year, what will an investor pay for that stock plus $.03 annual earnings? 10x earnings is probably not unreasonable, so probably about $.30 give or take.
We'll ignore a supply/demand imbalance in the auction which would presumably also affect the interest rate and assume we can earn 2% monthly interest (24% annual interest)reliably. Let's also assume that you can use 80% of the current PPT market value to buy an invoice. For example, an $8k invoice would require $10k of PPT.
PPT is about $46 at the moment. 24% of 80% of $46 is $8.80.
Using a Dividend Discount Model with a Discount Rate of 2%, the calculated value per "share" is $440.
The interesting thing is that as the value of the token increases, the value of the earnings increase at the same rate. So a $440 PPT token would supposedly yield $88 annually. This then yields a token dividend valuation of $4408. So there is no limit to what PPT is worth except the actual ability to actually earn 2%.
The ability to earn 2% monthly interest depends on the supply of invoices and auction conditions achieving a consistent 2% monthly interest rate.
Not enough invoices, lower interest rate results in lower returns. Too many invoices results in higher returns.
The DDM doesn't take into account additional value due to anticipated increase in token price.
There are 37M tokens, so to achieve a $1000 token price, each token needs to be able to earn $19.20 interest annually. This requires a supply of $3.7B of invoices available that you can earn 2% monthly on.
That isn't to say that the DDM is accurate of valid, just one attempt at valuing PPT. Once people are able to see what real returns look like, and if they are close to these assumptions then $1000+ is no problem.
This is a great analysis, Populous is such a unique use case for Blockchain. It serves a large multi trillion dollar market with a product that will always have a purpose. The fact that PPT is already valued at $50 only says that this project is going to moon once everyone knows about it, I've only seen afew youtubers mention it and they have a relatively small subscriber base. I have seen some people mentioning around that PPT is a sleeping giant, and I have to agree.
simply because it is already worth over $50 without having any major coverage or exposure at all