[PYLON] PYLON FINANCE - Monster DeFi gem backed by real world value (1m MC)

[MuayThaiCombo]

PYLON : PYLON is the first and largest cryptocurrency token backed by real-world income-generating assets.

While most DeFi tokens have little or zero tangible value, the PYLON price is supported by the largest Ethereum GPU mining operation in the United States.

Market cap at present is about One million dollars. Yes, you read that right!

So why is it undervalued?
Well their GPUs mine about 3 Ethereum a day.
Reference: https://ethereum.miningpoolhub.com/index.php?page=statistics&action=pool
The profits after costs is then used to Buy back PYLON from the open market and distribute it to Stakers. APY is almost 100% without inflating supply.

For example, 150 Pylon was to be bought back from their profits this week alone which is approximately 18000 USD (PYLON at 120USD value).

At the current price of PYLON, if this was repeated for a year that would equate to the entire market cap of PYLON.

They have plans to increase economies of scale.

The coin has a supply of 8400. Around 80% is currently staked or providing liquidity.

This coin should have a fair market cap of 10m USD. There are top 20 coins that do not provide as much real value and profits. If they increase their mining capacity - the moon is the limit.

One drawback : anonymous team.



There are plenty of Bitcoin mining stocks in the billion dollar valuations.

Riot filings show it mined 222 BTC in Q3 2020. Let us assume they mine a similar amount this quarter = 7.77m USD at a 35k valuation. The company is valued at 1.4 Billion dollars.
Market cap / quarterly earnings = 181.818181818

If PYLON continue to mine roughly 2.9 ETH a day for a quarter = 261 ETH mined in 90 days. = 365400 USD at a 1400USD valuation
Market cap / quarterly earnings = 2.73672687466.

a 30 x plus disparity.

Off course one is a low cap Defi coin with an anonymous team and another is a legit share on the stock market.

But you get the picture.
DYOR.

[Anonylz]

Is there any other reason why pylon is useful other than being supported by eth mining gpu, I don't even see it as good enough back up plan for a token except for the buy back aspect,
If I make ask what partnership does pylon has so far with other notable projects or company? There other important factors that makes a project a gem and I don't think I see any, plus don't forget alts combine with defi are very risky investment.

[MuayThaiCombo]

Is there any other reason why pylon is useful other than being supported by eth mining gpu, I don't even see it as good enough back up plan for a token except for the buy back aspect,
If I make ask what partnership does pylon has so far with other notable projects or company? There other important factors that makes a project a gem and I don't think I see any, plus don't forget alts combine with defi are very risky investment.

Theres plenty of Bitcoin mining stocks in the billion dollar valuations.

Riot filings show it mined 222 BTC in Q3 2020. Let us assume they mine a similar amount this quarter = 7.77m USD at a 35k valuation. The company is valued at 1.4 Billion dollars.
Market cap / quarterly earnings = 181.818181818

If PYLON continue to mine roughly 2.9 ETH a day for a quarter = 261 ETH mined in 90 days. = 365400 USD at a 1400USD valuation
Market cap / quarterly earnings = 2.73672687466.

a 30 x plus disparity.

Off course one is a low cap Defi coin with an anonymous team and another is a legit share on the stock market.

But you get the picture.

[MuayThaiCombo]

187.5 usd on UNI. 50% increase since this post.

[speedforce]

187.5 usd on UNI. 50% increase since this post.

Isnt it possible if its the project team which moves the price? Since they have ETH and Pylon.
Also, i dont think gpu mining feature have any impact on the project unless the buyback program.