The Silicon Valley tech maverick @bryan_johnson, who attempts to be 'immortal', says he checks his resting heart rate with a wearable device every night before sleeping. He manages to keep his heart rate at 44 (the normal range is 60-100), which leads to a good night's sleep and delays aging. This seems somewhat similar to our traditional 'Turtle Breathing Technique'.
In fact, I also have a wearable device that monitors my heart rate daily.
At the end of last year, after the official Solana retweeted the CUDIS ring, I bought one and have been using it ever since, accumulating a total of 70,000 points, currently ranking around 1500.
@CudisWellness: The body is an asset, health is tokenized.
Some time ago, CUDIS added a wallet function, and recently registered for airdrop addresses. The official announcement clearly stated that the pioneer package was snapshot yesterday, indicating that TGE is imminent. As a community user, let’s discuss our views on valuation.
1. Referring to the industry leader Oura, which had a sales revenue of $500 million last year and completed a $550 million financing round, raising its valuation to $5.2 billion.
CUDIS has an annual revenue of $6 million, with $5 million in financing. A valuation of $55 million for hardware products is quite reasonable, especially since 50% of this share is sold offline, unlike some competitors who mislead us web3 folks and have no competitiveness in the market.
2. After launching the token, is there still potential for future growth?
Currently, there is a real demand source. For example, the pure web2 health app leader AutoSleep has achieved over 200 million RMB in sales just through one of CUDIS's features, sleep monitoring.
In today's increasingly common sub-health state, people's willingness to pay for health is also increasing. Therefore, I estimate that after the token launch, most of the revenue may actually come from the web2 user market.
3. Regarding the 'human mining' aspect of web3 hype, it can be compared to WLD (Iris) and PI (purely community-based). 12 million world id users = 11.3 billion FDV, 19 million PI net users through KYC = 64.5 billion FDV. Roughly, CUDIS's 200,000 app users community valuation is between 180 to 330 million.
Although WLD and PI valuations may have inflated components, for CUDIS, this valuation is still conservative, considering that 10% are high-net-worth users who are different from ordinary users just looking for freebies and are willing to pay several hundred dollars for the ring.
4. Regarding the health data market, the current market share is $400 billion and is growing rapidly. How much of this can CUDIS capture?
Currently, there is no specific data support available, but everyone knows that crypto smart wearable projects can issue tokens, which is a core competitive advantage when competing with traditional web2 companies for market share.
Why does CUDIS call itself the 'Longevity Protocol'? As long as you wear the ring, they are the company that wishes you to live long the most, because as long as users are alive, they will continuously generate real health data, hence they will arrange AI coaches to create health plans for you, helping you slow down aging.
Web3 focuses on user rights, while in the past, user data was taken by traditional giants to train big data algorithms, feed AI, etc., with benefits potentially far exceeding the sale of the devices themselves. The advantage of web3 is that this data will still be sold, but the invisible benefits will be shared with users.
Referring to the comparison table with industry leader Oura, when buying a health ring at the same price, one is a traditional ring that secretly uses your data, and the other is the CUDIS ring that does not lose functionality while providing continuous dividends. Which one would you choose?
Making this choice should be quite simple. The main issue currently is just insufficient promotion, as more affordable products cannot reach all users. As web3 becomes more accepted by the public, CUDIS's future looks promising.
