20 KiB
Financial Calculations and Profitability Examples
Last updated: 2025-01-27
Version: 1.0
⚠️ 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.
Calculation Methodology
Five Sources of Value for Investors:
- Dividends from treasury receipts (15% of all receipts)
- Token price growth (minimum and market price)
- Portfolio company governance token portfolio
- Access to DLE platform
- 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:
- First, entrepreneurs purchase tokens (21,000 first accelerator entrepreneurs)
- Receipts from entrepreneurs: 84,000,000 USDT (minimum at full capacity)
- 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:
-
Expected Receipts from Accelerator:
- License sales forecast (21,000+ entrepreneurs)
- Client growth and scaling
-
Portfolio Company Exit Forecast:
- Expected number of successful exits (60-120 companies)
- Average return from exits (10-15x)
- Exit time structure (3-7 years)
-
Treasury Balance Growth:
- Receipts from license sales
- Receipts from portfolio company exits
- Additional LP investments
-
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: 339,452,400,000 USDT (70% goes to treasury)
- Investments: 339,452,400,000 USDT (70% of receipts)
- Treasury balance: 984,000,000 + 339,452,400,000 = 340,436,400,000 USDT
- Minimum price: 340,436,400,000 / 3,000,000 = 113,478.8 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
- Years 2-4: Progressive growth (assume 10% of year 5 each year = 37,296,000,000 USDT × 3 = 111,888,000,000 USDT)
- Year 5: 372,960,000,000 USDT
- Total: ~484,932,000,000 USDT
- Net treasury receipts (70%): 484,932,000,000 × 70% = 339,452,400,000 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: ~1,200,000,000 - 1,500,000,000 USDT (considering exit profit reinvestment)
- Number of portfolio companies: 600
- Average investment per company: 1,200,000,000 / 600 = 2,000,000 USDT (or 1,500,000,000 / 600 = 2,500,000 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 × 2,000,000 × 10 = 1,200,000,000 USDT (conservative scenario)
- Net treasury receipts from exits (70%): 1,200,000,000 × 70% = 840,000,000 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): 339,452,400,000 - 84,000,000 = 339,368,400,000 USDT
- Added from exits: 840,000,000 USDT (conservative scenario)
- Total Treasury Balance: 340,352,400,000 USDT
- Minimum Token Price (Backing): 340,352,400,000 / 3,000,000 = 113,450.8 USDT
- Market Token Price (Accounts for Future Profit): ~1,500,000 USDT (proportional to growth)
- Your Token Value at Minimum Price: 10 × 113,450.8 = 1,134,508 USDT
- Your Token Value at Market Price: 10 × 1,500,000 = 15,000,000 USDT
- Capital Gain (Minimum): 1,134,508 - 10,000 = 1,124,508 USDT
- Capital Gain (Market): 15,000,000 - 10,000 = 14,990,000 USDT
4. Dividends over 5 Years:
- From licenses (15%): 484,932,000,000 × 15% = 72,739,800,000 USDT
- From exits (15%): 1,200,000,000 × 15% = 180,000,000 USDT
- Total Dividends: 72,919,800,000 USDT
- Your Share: 72,919,800,000 × 0.000333% = 242,823 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: 242,823 USDT
- Capital gain (minimum price): 10 × 113,450.8 - 10,000 = 1,124,508 USDT
- Capital gain (market price): 10 × 1,500,000 - 10,000 = 14,990,000 USDT
- Total (Minimum Price): 1,367,331 USDT (13,573% profit, ~90%+ annually)
- Total (Market Price): 15,232,823 USDT (152,228% 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: 2,428,229 USDT (10x more than Example 1)
- Capital gain (minimum price): 11,245,080 USDT
- Capital gain (market price): 149,900,000 USDT
- Total (Minimum Price): 13,673,309 USDT (13,573% profit, ~90%+ annually)
- Total (Market Price): 152,328,229 USDT (152,228% 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 ~1,200,000,000 USDT)
- Average investment: 2,500,000 USDT (instead of 2,000,000 USDT)
Calculations: Similar to Example 2, but with optimistic exit parameters.
Final Profitability:
- Dividends: 2,444,713 USDT
- Capital gain (minimum price): 11,350,080 USDT
- Capital gain (market price): 249,900,000 USDT
- Total (Minimum Price): 13,794,793 USDT (13,695% profit, ~90%+ annually)
- Total (Market Price): 252,344,713 USDT (252,245% 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
- Years 2-4: Progressive growth (assume 10% of year 5 each year = 9,324,000,000 USDT × 3 = 27,972,000,000 USDT)
- Year 5: 93,240,000,000 USDT
- Total: ~121,296,000,000 USDT
- Net treasury receipts (70%): 121,296,000,000 × 70% = 84,907,200,000 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): 84,907,200,000 - 84,000,000 = 84,823,200,000 USDT
- Added from exits: 268,800,000 USDT (conservative scenario)
- Total Treasury Balance: 86,076,000,000 USDT
- Minimum Token Price (Backing): 86,076,000,000 / 3,000,000 = 28,692 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 × 28,692 = 2,869,200 USDT
- Your Token Value at Market Price: 100 × 200,000 = 20,000,000 USDT
- Capital Gain (Minimum): 2,869,200 - 100,000 = 2,769,200 USDT
- Capital Gain (Market): 20,000,000 - 100,000 = 19,900,000 USDT
4. Dividends over 5 Years:
- From licenses (15%): 121,296,000,000 × 15% = 18,194,400,000 USDT
- From exits (15%): 384,000,000 × 15% = 57,600,000 USDT
- Total Dividends: 18,252,000,000 USDT
- Your Share: 18,252,000,000 × 0.00333% = 607,792 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: 607,792 USDT
- Capital gain (minimum price): 100 × 28,692 - 100,000 = 2,769,200 USDT
- Capital gain (market price): 100 × 200,000 - 100,000 = 19,900,000 USDT
- Total (Minimum Price): 3,376,992 USDT (3,277% profit, ~65%+ annually)
- Total (Market Price): 20,507,792 USDT (20,408% 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: 60,779 USDT (10x less than Example 4)
- Capital gain (minimum price): 276,920 USDT
- Capital gain (market price): 1,990,000 USDT
- Total (Minimum Price): 337,699 USDT (3,277% profit, ~65%+ annually)
- Total (Market Price): 2,050,779 USDT (20,408% 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: 3,277% profit (~65%+ annually) ⚠️
- At market price sale: 20,408% 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: 13,573% profit (~90%+ annually) ⚠️
- At market price sale: 152,228% 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: 13,695% profit (~90%+ annually) ⚠️
- At market price sale: 252,245% 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
- Investment Proposal: for-investors.md
- Business Model: business-model.md
- Disclaimers: DISCLAIMERS.md
- Market Analysis: market-analysis.md
Last updated: 2025-01-27
Version: 1.0