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Financial Calculations and Profitability Examples

Last updated: 2025-01-27
Version: 1.0

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⚠️ Important: All forecasts are a vision of the future, not a guarantee. The probability of achieving optimistic forecasts may be very low (less than 10%). It is recommended to focus on conservative scenarios when making investment decisions. For more details, see DISCLAIMERS.md.

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Calculation Methodology

Five Sources of Value for Investors:

  1. Dividends from treasury receipts (15% of all receipts)
  2. Token price growth (minimum and market price)
  3. Portfolio company governance token portfolio
  4. Access to DLE platform
  5. Co-investment opportunities

For more details on revenue sources: for-investors.md

Treasury Balance and Token Price Calculation Mechanism

Initial Conditions

  • Total governance tokens: 3,000,000
  • Available for LPs: 30% = 900,000 tokens
  • Sequence:
    1. First, entrepreneurs purchase tokens (21,000 first accelerator entrepreneurs)
    2. Receipts from entrepreneurs: 84,000,000 USDT (minimum at full capacity)
    3. Then investors (LPs) purchase governance tokens

Initial Treasury Balance

  • From token sales to entrepreneurs: 84,000,000 USDT
  • From governance token sales to LPs (30%): 900,000 × 1,000 = 900,000,000 USDT
  • Total: 984,000,000 USDT

Initial Token Price

  • Initial token price (treasury-backed): 984,000,000 / 3,000,000 = 328 USDT
  • Primary sale price for LPs: 1,000 USDT per token
  • Premium at primary sale: 1,000 / 328 = 3.05x (premium for future growth)

Treasury Balance Growth

  • 70% of all receipts go to treasury (after 15% dividends and 15% expenses)
  • Receipts include: license sales, portfolio company exits, additional LP investments

Two Token Price Levels

1. Minimum Price (Treasury-Backed)

  • Formula: Minimum price = Treasury balance / 3,000,000
  • Guarantees token liquidity
  • Initial: 328 USDT (984,000,000 / 3,000,000)
    • Includes 84,000,000 USDT from token sales to first accelerator entrepreneurs
    • Includes 900,000,000 USDT from governance token sales to LP investors

2. Market Price (Accounts for Future Profit)

  • Can be significantly higher than minimum
  • Accounts for future receipts from license sales and exits
  • Example: if minimum price is 351,067 USDT (by year 5), market price can be 2,500,000 USDT (7x)
  • Holders can sell tokens at market price on secondary market

Token Liquidity Mechanism

Treasury Token Buyback

Buyback Mechanism:

  • Investor can sell tokens back to treasury at minimum price (treasury-backed)
  • Minimum price = Treasury balance / 3,000,000 tokens
  • Treasury guarantees token buyback at minimum price to ensure liquidity
  • Buyback procedure: Investor initiates buyback request through smart contract

Buyback Conditions:

  • Buyback is executed at minimum price (treasury-backed)
  • Treasury balance ensures ability to buy back all tokens
  • Buyback occurs in stablecoins (USDT)
  • Transparent system through smart contracts

Lock-Up Period

Minimum Holding Period:

  • Lock-up period: 12 months (1 year) from token purchase date
  • During lock-up period, investor cannot sell tokens back to treasury
  • Lock-up period applies only to treasury buyback, not to secondary market sales

Purpose of Lock-Up Period:

  • Ensuring fund stability in early years
  • Protection against short-term speculation
  • Guarantee of long-term investor participation in fund development

After Lock-Up Period:

  • Investor can sell tokens back to treasury at minimum price
  • Or sell tokens on secondary market at market price
  • No restrictions on token transfer to third parties after lock-up period

Secondary Token Market

Secondary Market Mechanism:

  • Holders can sell tokens to third parties on secondary market
  • Secondary market price is determined by supply and demand
  • Market price can be significantly higher than minimum (accounts for future profit)
  • No restrictions on token transfer after lock-up period

Factors Affecting Market Price:

  1. Expected Receipts from Accelerator:

    • License sales forecast (21,000+ entrepreneurs)
    • Client growth and scaling

  2. Portfolio Company Exit Forecast:

    • Expected number of successful exits (60-120 companies)
    • Average return from exits (10-15x)
    • Exit time structure (3-7 years)

  3. Treasury Balance Growth:

    • Receipts from license sales
    • Receipts from portfolio company exits
    • Additional LP investments

  4. Additional Value:

    • Access to DLE platform for digital asset management
    • Access to accelerator projects
    • Co-investment opportunities

Market Price Multiplier:

  • Market price can be 6-9 times higher than minimum price
  • Example: minimum price 351,067 USDT → market price 2,500,000 USDT (7x)
  • Multiplier depends on investor expectations regarding future profit

Token Transfer Restrictions

During Lock-Up Period (12 months):

  • Cannot sell tokens back to treasury
  • Can transfer tokens to third parties (secondary market sale)
  • All token holder rights transfer to new owner

After Lock-Up Period:

  • Can sell tokens back to treasury at minimum price
  • Can sell tokens on secondary market at market price
  • Can transfer tokens to third parties without restrictions

Rights Transfer Procedure:

  • Token transfer occurs through blockchain
  • All token holder rights (dividends, voting) transfer to new owner
  • Transparent system through smart contracts

Liquidity Provision with 70% Investments

Liquidity Maintenance Mechanism:

  • Treasury balance constantly grows from license sales receipts
  • 70% of receipts go to investments, but treasury balance does not decrease
  • Receipts from portfolio company exits increase treasury balance
  • Minimum token price is guaranteed by treasury balance

Example:

  • Initial balance: 984,000,000 USDT
  • Receipts from licenses: 261,130,800,000 USDT (70% goes to treasury)
  • Added from exits: 482,160,000 USDT
  • Treasury balance: 984,000,000 + 261,046,800,000 + 482,160,000 = 262,512,960,000 USDT
  • Minimum price: 262,512,960,000 / 3,000,000 = 87,504.32 USDT

Important:

  • Treasury balance ensures liquidity of all 3,000,000 tokens
  • Investments do not decrease treasury balance, as they are funded from receipts
  • Receipts from exits additionally increase treasury balance

Profitability Calculation Examples

Example 1: Investment 10,000 USDT (Minimum, Conservative Scenario, 5 Years)

Initial Conditions:

  • Investment: 10,000 USDT (minimum)
  • Coverage: 1 business activity type
  • Period: 1 accelerator (5 years)
  • Number of tokens: 10 tokens (10,000 / 1,000)
  • Ownership share: 0.000333% (10 / 3,000,000)
  • Initial minimum token price: 328 USDT (treasury-backed)
  • Initial market price: 1,000 USDT (primary sale)
  • Initial treasury balance: 984,000,000 USDT (84,000,000 from entrepreneurs + 900,000,000 from LPs)

5-Year Forecast (Conservative Scenario):

1. Treasury Receipts from License Sales (Cumulative over 5 Years):

Year 1: First Accelerator (21,000 entrepreneurs)

  • Maximum: 14,000 Standard × 1,000 + 7,000 Premium × 10,000 = 84,000,000 USDT
  • Year 1: 84,000,000 USDT (at full first accelerator capacity)

Year 5: 40% of All Entrepreneurs Worldwide (133,200,000 entrepreneurs)

  • Distribution by pricing (assume 80% Standard, 20% Premium):
    • Standard: 106,560,000 × 1,000 USDT = 106,560,000,000 USDT
    • Premium: 26,640,000 × 10,000 USDT = 266,400,000,000 USDT
  • Year 5: 372,960,000,000 USDT

Total Receipts over 5 Years:

  • Year 1: 84,000,000 USDT
  • Year 5: 372,960,000,000 USDT
  • Total: ~373,044,000,000 USDT
  • Net treasury receipts (70%): 373,044,000,000 × 70% = 261,130,800,000 USDT

2. Receipts from Portfolio Company Token Sales (Exits):

  • Initial Investment Capital: 984,000,000 × 70% = 688,800,000 USDT
  • Additional Capital from Receipts: 70% of license receipts go to treasury, then 70% of that to investments
  • Total Investment Capital: ~688,800,000 USDT
  • Number of portfolio companies: 600
  • Average investment per company: 688,800,000 / 600 = 1,148,000 USDT
  • Investment stages: from Pre-seed to ICO
  • Exit rate (conservative): 10% = 60 companies
  • Average return (based on competitor metrics): 10x of investment
  • Return from Exits: 60 × 1,148,000 × 10 = 688,800,000 USDT (conservative scenario)
  • Net treasury receipts from exits (70%): 688,800,000 × 70% = 482,160,000 USDT

3. Treasury Balance and Minimum Token Price Calculation by Year 5:

  • Initial balance: 984,000,000 USDT (84,000,000 from entrepreneurs + 900,000,000 from LPs)
  • Added from licenses (in addition to initial): 261,130,800,000 - 84,000,000 = 261,046,800,000 USDT
  • Added from exits: 482,160,000 USDT (conservative scenario)
  • Total Treasury Balance: 262,512,960,000 USDT
  • Minimum Token Price (Backing): 262,512,960,000 / 3,000,000 = 87,504.32 USDT
  • Market Token Price (Accounts for Future Profit): ~1,500,000 USDT (proportional to growth)
  • Your Token Value at Minimum Price: 10 × 87,504.32 = 875,043 USDT
  • Your Token Value at Market Price: 10 × 1,500,000 = 15,000,000 USDT
  • Capital Gain (Minimum): 875,043 - 10,000 = 865,043 USDT
  • Capital Gain (Market): 15,000,000 - 10,000 = 14,990,000 USDT

4. Dividends over 5 Years:

  • From licenses (15%): 373,044,000,000 × 15% = 55,956,600,000 USDT
  • From exits (15%): 688,800,000 × 15% = 103,320,000 USDT
  • Total Dividends: 56,059,920,000 USDT
  • Your Share: 56,059,920,000 × 0.000333% = 186,680 USDT

5. Additional Value:

  • Access to DLE platform for digital asset management
  • Software value is not included in cash flows but is an additional asset

6. Final Profitability:

  • Dividends: 186,680 USDT
  • Capital gain (minimum price): 10 × 87,504.32 - 10,000 = 865,043 USDT
  • Capital gain (market price): 10 × 1,500,000 - 10,000 = 14,990,000 USDT
  • Total (Minimum Price): 1,051,723 USDT (10,417% profit, ~90%+ annually)
  • Total (Market Price): 15,176,680 USDT (151,667% profit, ~800%+ annually)
  • + Additional Software Value

Conclusion: With minimum investment of 10,000 USDT (1 business activity type, 1 accelerator), investor receives exceptional profitability, multiple times exceeding target IRR of 20-30%.

Example 2: Investment 100,000 USDT (Maximum, Conservative Scenario, 5 Years)

Differences from Example 1:

  • Investment: 100,000 USDT (instead of 10,000 USDT)
  • Number of tokens: 100 tokens (instead of 10)
  • Ownership share: 0.00333% (instead of 0.000333%)

Calculations: Similar to Example 1, but with 10x increased ownership share.

Final Profitability:

  • Dividends: 1,866,795 USDT (10x more than Example 1)
  • Capital gain (minimum price): 8,650,432 USDT
  • Capital gain (market price): 149,900,000 USDT
  • Total (Minimum Price): 10,517,227 USDT (10,417% profit, ~90%+ annually)
  • Total (Market Price): 151,766,795 USDT (151,667% profit, ~800%+ annually)
  • + Additional Software Value

Conclusion: With maximum investment of 100,000 USDT, investor receives proportionally increased profitability, multiple times exceeding target IRR of 20-30%.

Example 3: Investment 100,000 USDT (Maximum, Optimistic Scenario, 5 Years)

Differences from Example 2:

  • Exit rate: 20% (instead of 10%) = 120 companies
  • Average return: 15x (instead of 10x)
  • Total investment capital: ~1,500,000,000 USDT (instead of ~688,800,000 USDT)
  • Average investment: 2,500,000 USDT (instead of 1,148,000 USDT)

Calculations: Similar to Example 2, but with optimistic exit parameters.

Final Profitability:

  • Dividends: 1,885,832 USDT
  • Capital gain (minimum price): 8,739,360 USDT
  • Capital gain (market price): 249,900,000 USDT
  • Total (Minimum Price): 10,625,192 USDT (10,525% profit, ~90%+ annually)
  • Total (Market Price): 251,785,832 USDT (251,686% profit, ~1200%+ annually)
  • + Additional Software Value

Conclusion: With optimistic scenario (exit rate 20%, return 15x), investor receives maximum profitability, multiple times exceeding target IRR of 20-30%.

Example 4: Investment 100,000 USDT (Maximum, Conservative Scenario with 10% Entrepreneurs, 5 Years)

⚠️ Important: This scenario is more realistic than the optimistic scenario (40% entrepreneurs). The probability of achieving this scenario is higher, but still not guaranteed. For more details, see DISCLAIMERS.md.

Initial Conditions:

  • Investment: 100,000 USDT (maximum)
  • Coverage: 1 business activity type
  • Period: 1 accelerator (5 years)
  • Number of tokens: 100 tokens (100,000 / 1,000)
  • Ownership share: 0.00333% (100 / 3,000,000)
  • Initial minimum token price: 328 USDT (treasury-backed)
  • Initial market price: 1,000 USDT (primary sale)
  • Initial treasury balance: 984,000,000 USDT (84,000,000 from entrepreneurs + 900,000,000 from LPs)

5-Year Forecast (Conservative Scenario: 10% Entrepreneurs):

1. Treasury Receipts from License Sales (Cumulative over 5 Years):

Year 1: First Accelerator (21,000 entrepreneurs)

  • Maximum: 14,000 Standard × 1,000 + 7,000 Premium × 10,000 = 84,000,000 USDT
  • Year 1: 84,000,000 USDT (at full first accelerator capacity)

Year 5: 10% of All Entrepreneurs Worldwide (33,300,000 entrepreneurs)

  • Distribution by pricing (assume 80% Standard, 20% Premium):
    • Standard: 26,640,000 × 1,000 USDT = 26,640,000,000 USDT
    • Premium: 6,660,000 × 10,000 USDT = 66,600,000,000 USDT
  • Year 5: 93,240,000,000 USDT

Total Receipts over 5 Years (Conservative Scenario):

  • Year 1: 84,000,000 USDT
  • Forecast by end of Year 5: 93,240,000,000 USDT
  • Total: ~93,324,000,000 USDT
  • Net treasury receipts (70%): 93,324,000,000 × 70% = 65,326,800,000 USDT

2. Receipts from Portfolio Company Token Sales (Exits):

  • Initial Investment Capital: 984,000,000 × 70% = 688,800,000 USDT
  • Additional Capital from Receipts: 70% of license receipts go to treasury, then 70% of that to investments
  • Total Investment Capital: ~600,000,000 - 800,000,000 USDT (considering exit profit reinvestment, but less than optimistic scenario due to lower receipts)
  • Number of portfolio companies: 300 (instead of 600, as fewer entrepreneurs = less selection)
  • Average investment per company: 600,000,000 / 300 = 2,000,000 USDT (or 800,000,000 / 300 = 2,666,667 USDT)
  • Investment stages: from Pre-seed to ICO
  • Exit rate (conservative): 8% = 24 companies (instead of 10%)
  • Average return (conservative): 8x of investment (instead of 10x)
  • Return from Exits: 24 × 2,000,000 × 8 = 384,000,000 USDT (conservative scenario)
  • Net treasury receipts from exits (70%): 384,000,000 × 70% = 268,800,000 USDT

3. Treasury Balance and Minimum Token Price Calculation by Year 5:

  • Initial balance: 984,000,000 USDT (84,000,000 from entrepreneurs + 900,000,000 from LPs)
  • Added from licenses (in addition to initial): 65,326,800,000 - 84,000,000 = 65,242,800,000 USDT
  • Added from exits: 268,800,000 USDT (conservative scenario)
  • Total Treasury Balance: 66,495,600,000 USDT
  • Minimum Token Price (Backing): 66,495,600,000 / 3,000,000 = 22,165.2 USDT
  • Market Token Price (Accounts for Future Profit): ~200,000 USDT (proportional to growth, but lower than optimistic scenario)
  • Your Token Value at Minimum Price: 100 × 22,165.2 = 2,216,520 USDT
  • Your Token Value at Market Price: 100 × 200,000 = 20,000,000 USDT
  • Capital Gain (Minimum): 2,216,520 - 100,000 = 2,116,520 USDT
  • Capital Gain (Market): 20,000,000 - 100,000 = 19,900,000 USDT

4. Dividends over 5 Years:

  • From licenses (15%): 93,324,000,000 × 15% = 13,998,600,000 USDT
  • From exits (15%): 384,000,000 × 15% = 57,600,000 USDT
  • Total Dividends: 14,056,200,000 USDT
  • Your Share: 14,056,200,000 × 0.00333% = 468,572 USDT

5. Additional Value:

  • Access to DLE platform for digital asset management
  • Software value is not included in cash flows but is an additional asset

6. Final Profitability:

  • Dividends: 468,572 USDT
  • Capital gain (minimum price): 100 × 22,165.2 - 100,000 = 2,116,520 USDT
  • Capital gain (market price): 100 × 200,000 - 100,000 = 19,900,000 USDT
  • Total (Minimum Price): 2,585,092 USDT (2,485% profit, ~65%+ annually)
  • Total (Market Price): 20,368,572 USDT (20,269% profit, ~400%+ annually)
  • + Additional Software Value

Conclusion: With conservative scenario (10% entrepreneurs, exit rate 8%, return 8x), investor still receives significant profitability exceeding target IRR of 20-30%, but significantly lower than optimistic scenario. This scenario is more realistic, but still not guaranteed.

Example 5: Investment 10,000 USDT (Minimum, Conservative Scenario with 10% Entrepreneurs, 5 Years)

Differences from Example 4:

  • Investment: 10,000 USDT (instead of 100,000 USDT)
  • Number of tokens: 10 tokens (instead of 100)
  • Ownership share: 0.000333% (instead of 0.00333%)

Calculations: Similar to Example 4, but with 10x reduced ownership share.

Final Profitability:

  • Dividends: 46,807 USDT (10x less than Example 4)
  • Capital gain (minimum price): 211,652 USDT
  • Capital gain (market price): 1,990,000 USDT
  • Total (Minimum Price): 258,459 USDT (2,485% profit, ~65%+ annually)
  • Total (Market Price): 2,036,807 USDT (20,268% profit, ~400%+ annually)
  • + Additional Software Value

Conclusion: With minimum investment of 10,000 USDT in conservative scenario, investor still receives significant profitability exceeding target IRR of 20-30%.

Summary: Key Conclusions on Financial Model

Accounted Revenue Sources: See "Revenue Sources" section in for-investors.md.

Key Conclusions from Calculations

⚠️ Important: All forecasts are a vision of the future, not a guarantee. The probability of achieving optimistic forecasts may be very low (less than 10%). It is recommended to focus on conservative scenarios when making investment decisions. For more details, see DISCLAIMERS.md.

Conservative Scenario (10% of 333M entrepreneurs by year 5) — MORE REALISTIC:

  • At minimum price sale: 2,485% profit (~65%+ annually) ⚠️
  • At market price sale: 20,268% profit (~400%+ annually) ⚠️
  • Probability: Medium (30-50%)
  • Recommendation: Use this scenario as baseline when evaluating investments

Optimistic Scenario (40% of 333M entrepreneurs by year 5, exit rate 10%) — UNLIKELY:

  • At minimum price sale: 10,417% profit (~90%+ annually) ⚠️
  • At market price sale: 151,667% profit (~800%+ annually) ⚠️
  • Probability: Low (10-20%)
  • Recommendation: Consider as maximum possible scenario, not as expected result

Very Optimistic Scenario (40% of 333M entrepreneurs by year 5, exit rate 20%) — VERY UNLIKELY:

  • At minimum price sale: 10,525% profit (~90%+ annually) ⚠️
  • At market price sale: 251,686% profit (~1200%+ annually) ⚠️
  • Probability: Very low (less than 10%)
  • Recommendation: Consider as vision of the future, not as realistic forecast (see DISCLAIMERS.md)

Important:

  • Market token price accounts for future profit from accelerator and can be 6-9 times higher than minimum price (treasury-backed)
  • Even in conservative scenario, investors can receive profitability exceeding target IRR of 20-30%
  • Actual results may differ significantly from all forecasts — possibly tens or hundreds of times lower
  • All forecasts are a vision of the future, not a guarantee
  • For more details on pricing mechanism, see "Treasury Balance and Token Price Calculation Mechanism" section above
  • For detailed disclaimers, see DISCLAIMERS.md

Additional Materials

Last updated: 2025-01-27
Version: 1.0

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