Staking could become a $40B industry by 2025, according to a study done by JPMorgan. With Ethereum (the 2nd largest cryptocurrency) moving from a proof-of-work to a proof-of-stake (PoS) system.
https://www.google.ca/amp/s/moguldom.com/362056/jp-morgan-out-with-bullish-note-on-ethereum-2-0-will-supercharge-staking-industry-by-tens-of-billions/amp/
A company I’ve been looking into is tokens.com. Their main focus is to use PoS tech to process digital transactions in the crypto and NFT space to earn cash flow and minimize the ecological footprint left (staking uses 99.95% less energy than mining). But how does $COIN.NE make their revenue?
- They stake layer-1 PoS cryptocurrencies
- Currently own 4 different staking currencies that generate revenue. Any other revenue is generated from the underlying price change of the crypto (by the time the staking term is over)
- Redeploy 50% of the staking revenue back into staking while the other 50% will be banked in USD stablecoins + Bitcoin
In addition to the unique business model, $COIN.NE also has an all-star level management team.
- CEO Andrew Kiguel: Co-founder and past CEO of Hut 8 Mining (TSX listed crypto mining company worth nearly $1B)
- Fred Pye: CEO of 3iQ Corp and 35 years of experience. Held past senior positions in Fidelity, National Bank, and Guardian Trust
- Andrew D’Souza: Co-founder and CEO of ClearCo. Currently serves as the advisor to companies such as WealthSimple, Properly, and Tulip Retail
- And much more talent and experience coming from all over the finance sector
According to the Q1 report released in May, they generated equivalent to 12.8% in annual returns from their crypto staking. With a mcap of $49M at $0.65, I believe this can easily be a $1+ stock by the end of the year. Crypto and DeFi aren’t going anywhere anytime soon. Check out their investor presentation and the website. They’re doing some pretty cool things over there: https://www.tokens.com/investors-presentation