RE: Market cap is key14 Dec 2024 21:15
BfD, how do you come to this valuation?
I have no idea but am thinking more than that, reason being we are getting 50000 active crypto users and the relevant source code and IT infrastructure required to operate Bake, including the bake.io domain name and related services, intellectual property rights, including trademarks and trade names 'Cake DeFi' and 'Bake', together with customer lists and assets.
For all we know, that might have doubled our clients on the exchange, how many of the 50000 are high net? Will we see our volumes go from 30m to 100m, and if so how much is that worth a year in commission?
I really don't know, however 2 to 3m seems too cheap for what it adds, interested to hear how you get to this figure.