Kushinga

smallcap maximalist

[Kushinga @KushingaBTC]

https://t.co/s3l4YYnYE5

[Kushinga @KushingaBTC]

@drakeondigital @0xDamien @avipat_ https://t.co/QhN5JRkGA2

[Kushinga @KushingaBTC]

https://t.co/s3l4YYnYE5

[Kushinga @KushingaBTC]

@game_for_one Maybe give this piece a read!

https://t.co/QhN5JRkGA2

[Kushinga @KushingaBTC]

https://t.co/s3l4YYnYE5

[Kushinga @KushingaBTC]

@blknoiz06 Some background DD for potentially interested investors

https://t.co/O2y1xlgBda

[Kushinga @KushingaBTC]

https://t.co/s3l4YYnYE5

[Kushinga @KushingaBTC]

@blknoiz06 @feedmycat69 Hey mate - I wrote this in depth piece about KLED, could be a nice read

https://t.co/O2y1xlgBda

[Kushinga @KushingaBTC]

https://t.co/s3l4YYnYE5

[Kushinga @KushingaBTC]

I did some digging myself, this is the way I understand it:

- Using 20% KLED token-to-equity valuation assumes that all value accrues to the equity (and that 20% of equity is anchored through StreetFDN ofc)

- However, this is not true: more value than that accrues to the KLED token

- Of every ‘Enterprise Contract’ (these are the ones in Special Tasks feature) 33% is used to buy back the KLED token on the open market, and only 10% is ‘revenue’ to equity/operations

- There is >$10M in Enterprise Contracts lined up for 2026, meaning 33% goes to KLED token buybacks (buying 15% of KLED supply at current prices)

- Kled also bundles all data from all previous user uploads and sells them as Enterprise License data sets, this value does accrue to the equity (and not the token) and sustains the business

- All of the above implies that the token should trade significantly higher than 20% of the 100M equity valuation.

This is the way I understand it, open to feedback!