Member Info for Rabbithole

Here’s a thought, maybe they had done the vast majority of integration in the last shutdown and that’s where the increase in volume came from. We only really saw it for BTC , Eth, and xrp. Now they’re adding all the other coins 💰💰

GS20 site back saying integration in progress

Poor old simple Simon, whilst all us long term holders are eating CAKE for breakfast he’s got boring old cornflakes with rancid milk - taste a little sour Si

Fully funded No raise - YES

GS20 totally down now, must be a big update underway.

Toney boy all rampy with his rockets…..love it

James, this is why you always do your own research !! Blaming someone on here for a loss just makes you look silly.

Billy, I meant it should be at least 100m now, like 1st thing tomorrow !! Then we can start adding the zeros 💰💰

Let’s say Semnet is currently worth around current m/cap. We then have Angra Global, Angra FX and GS20. Just did a chat gpt on possible value of GS20….

To estimate the value of a cryptocurrency exchange with a daily trading volume of $40 million, we need to consider multiple factors. Here’s a general framework:

1. Revenue Estimation

Crypto exchanges earn revenue primarily through trading fees. For example:

• Assume an average trading fee of 0.1% per trade (typical for many exchanges).

• Daily revenue = $40,000,000 × 0.1% = $40,000 per day.

• Annual revenue = $40,000 × 365 = $14.6 million.

2. Valuation Multiples

Crypto exchanges are typically valued using revenue multiples, which vary depending on:

• Profitability

• Growth rates

• Market competition

• Risk factors (regulatory, operational, etc.)

Historically, established crypto exchanges have traded at revenue multiples of 5x to 15x (or even higher for high-growth platforms). Applying this range:

• Low end (5x): $14.6M × 5 = $73 million

• High end (15x): $14.6M × 15 = $219 million

3. Additional Considerations

Factors that influence the valuation include:

• User base size and active traders

• Market share and competitive positioning

• Profit margins (high margins can justify higher multiples)

• Technology and security of the platform

• Geographical reach and regulatory compliance

• Revenue diversity (e.g., staking, lending, or futures trading)

Conclusion

A crypto exchange with a daily trading volume of $40 million could be worth anywhere from $70 million to $220 million, depending on its revenue model, growth trajectory, and risk factors. If the platform is well-established, profitable, and rapidly growing, the valuation could even exceed this range.

I would say our mcap should be 100m now

Lloyd, do you think there was a large order Friday that didn’t get filled ? Reason that they would take 10m in one go but didn’t see any large buys.

Semnet is going places and I’m staying on board for the journey.

There's your 1.4 Massive

Somethings going on....

Most I've got in one a/c is 9.3m and they will take all of them !! Didn't see the price as I had to click on cancel very quickly with my nervous finger Lol

It's coming Billy

Yep, usually 1-2m is the cut off

Just tried Billy, got on offer on 7m on Hargreaves !!

If they want shares they’ll have to raise the bid - not getting any of mine though.

Lets ignore him, bid has just ticked up.......

Once again, take a long hard look in the mirror. I've already stated my position, jealousy is a horrible disease. Try and nip it in the bud before it takes hold of you pall.