INET Valuation Model
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INET Supply Schedule InputsSupply Schedule Output
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MetricAssumptionNotesYear From Launch2018201920202021202220232024202520262027202820292030
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Total Planned Supply 100,000,000 INET Released from Private Sale that year 1,666,667 1,666,667 1,666,667
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Percent of Tokens Issued in Private Sale5%INET Released from Public Sale that year 75,000,000
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Lock-up Period for Private Sale Investors3
Dictates # of yrs of release in simulation
INET Released from Foundation that year 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000
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Percent of Tokens Issued in ICO75%No lockupINET Released from Founders that year 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
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Percent of Tokens Issued to Foundation10% Aggregate Number of Tokens Released 78,866,667 82,733,333 86,600,000 88,800,000 91,000,000 91,200,000 91,400,000 91,600,000 91,800,000 92,000,000 92,200,000 92,400,000 92,600,000
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Lifetime of Foundation50
Dictates # of yrs of release in simulation
Number of Tokens in Float after Bonders 63,093,333 66,186,667 69,280,000 71,040,000 72,800,000 72,960,000 73,120,000 73,280,000 73,440,000 73,600,000 73,760,000 73,920,000 74,080,000
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Percent Issued to Founders10%Percent of Tokens Released that are Hodl'd60%59%58%57%56%55%54%53%52%51%50%49%48%
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Lock-up for Founders5
Dictates # of yrs of release in simulation
Number of Tokens in Float after Bonders & Hodlers
15,773,333 17,374,000 19,052,000 20,424,000 21,840,000 22,800,000 23,764,000 24,732,000 25,704,000 26,680,000 27,660,000 28,644,000 29,632,000
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Percent of Tokens in Float Bonded by Nodes20%
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Percent of Tokens in Float Initially hodl'd60%
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Decrease in percent of INET that is hodl'd each year1%
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Blue represents a particularly subjective assumption
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INET Economy InputsINET Economy and Utility Value Output
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MetricAssumptionNotes/Sources/UnitsYear From Launch2018201920202021202220232024202520262027202820292030
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Cost per GB for INET $ 0.25
Market will set pricing, depending on the VPN provider you use now the cost looks to be in the $0.50-1.00 range. If price at $0.25 then that assumes INET will be half the lower bound
Cost per GB for INET use ($/GB) $ 0.25 $ 0.22 $ 0.19 $ 0.16 $ 0.14 $ 0.12 $ 0.10 $ 0.09 $ 0.08 $ 0.07 $ 0.06 $ 0.05 $ 0.04
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Cost decline for bandwidth16%
https://www.telegeography.com/press/press-releases/2015/09/09/ip-transit-prices-continue-falling-major-discrepancies-remain/index.html
Annual global IP traffic (GB) 1,845,120,000,000 2,287,948,800,000 2,837,056,512,000 3,517,950,074,880 4,362,258,092,851 5,409,200,035,135 6,707,408,043,568 8,317,185,974,024 10,313,310,607,790 12,788,505,153,660 15,857,746,390,538 19,663,605,524,267 24,382,870,850,092
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Annual global IP traffic available to INET (GB) 1,383,840,000,000 1,715,961,600,000 2,127,792,384,000 2,638,462,556,160 3,271,693,569,638 4,056,900,026,352 5,030,556,032,676 6,237,889,480,518 7,734,982,955,843 9,591,378,865,245 11,893,309,792,904 14,747,704,143,201 18,287,153,137,569
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Annual global IP traffic (2016) 1,200,000,000,000
http://www.cisco.com/c/en/us/solutions/collateral/service-provider/visual-networking-index-vni/vni-hyperconnectivity-wp.html
% Share of VPN Market Facilitated by Token0.01%0.03%0.05%0.08%0.12%0.16%0.22%0.30%0.38%0.49%0.61%0.75%0.89%
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CAGR for global IP traffic (2016-2021)24%
Assume this goes to 2025, though Cisco only gives visibility to 2021. Plausible that this rate could increase given demands of VR/AR, time people stream in autonomous vehicles, etc
Traffic Facilitated by INET Each Year (GB)172,666,079496,857,7061,076,871,4422,081,379,7473,778,837,5586,588,532,55411,150,579,90318,415,502,59329,748,287,44147,033,050,59972,755,670,185110,039,937,501162,626,370,657
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% of global IP traffic addressable for INET 75%GDP Facilitated by INET Each Year $ 43,166,520 $ 107,081,402 $ 200,072,726 $ 333,362,977 $ 521,754,586 $ 784,221,525 $ 1,144,167,289 $ 1,628,987,156 $ 2,268,496,241 $ 3,091,870,203 $ 4,123,129,372 $ 5,375,915,853 $ 6,849,125,245
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Monetary Base Necessary for INET's GDP $ 2,158,326 $ 5,354,070 $ 10,003,636 $ 16,668,149 $ 26,087,729 $ 39,211,076 $ 57,208,364 $ 81,449,358 $ 113,424,812 $ 154,593,510 $ 206,156,469 $ 268,795,793 $ 342,456,262
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Velocity20Current Utility Value of Each Token in the Float $ 0.14 $ 0.31 $ 0.53 $ 0.82 $ 1.19 $ 1.72 $ 2.41 $ 3.29 $ 4.41 $ 5.79 $ 7.45 $ 9.38 $ 11.56
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Blue represents a particularly subjective assumption
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Adoption Curve InputsAdoption Curve Output
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MetricAssumptionYear201720182019202020212022202320242025202620272028202920302031203220332034203520362037203820392040
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Base Year2018
The first year of adoption
Output0.04%0.05%0.07%0.09%0.12%0.15%0.20%0.26%0.33%0.42%0.53%0.65%0.78%0.93%1.07%1.22%1.35%1.47%1.58%1.67%1.74%1.80%1.85%1.88%
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Saturation Percentage2
Max penetration of target market
Percent Penetration each Year (after adjustment)
0.00%0.01%0.03%0.05%0.08%0.12%0.16%0.22%0.30%0.38%0.49%0.61%0.75%0.89%1.04%1.18%1.31%1.43%1.54%1.63%1.70%1.76%1.81%1.85%
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Start of Fast Growth 2023
When the market hits 10% of "Saturation Percentage", that begins the "Take Over Time" period
Saturation222222222222222222222222
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Take Over Time15
Amount of time for adoption to go from 10% to 90% of "Saturation Percentage"
^Adjustment year, ignore^
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Blue represents a particularly subjective assumption
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Deriving Current Market Value from Future Utility
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MetricValue
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End Year2028
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Years Between 2018 and End Year10
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Discount Rate40%
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Market Value in 2018 based on Expectations for Future Utility $ 0.26
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MetricValuePercentage of Value
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Current Utility Value in 2018 $ 0.14 53%
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Discounted Expected Utility Value $ 0.12 47%
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