《15 million revenue + 12 million buyback, is it time to dig into Sign's valuation undervaluation?》
Looking for a 'undervalued dark horse' in Web3? Sign might hold opportunities—$15 million in earnings in 2024, $12 million buyback $SIGN , and secured $32 million investment from Sequoia and YZi Labs, @Sign Official this fundamental, in the infrastructure track, it can be considered the 'king of cost performance'.
First, let's look at the 'earning capability': it doesn't engage in fluff; all revenue comes from solid business. Sign Protocol takes government contracts, digitizing public service systems for the UAE, and building contract verification infrastructure for Thailand; these orders have long cycles and stable payments, forming the revenue 'foundation'; TokenTable provides commercial services, allowing project parties to issue tokens and manage unlocks, charging per use, more users lead to increased revenue. With $15 million revenue in 2024, it ranks as 'top level' in Web3 infrastructure, and importantly, it is profitable—this is much more reliable than projects that burn cash through financing.
Next, consider the token value: the $12 million buyback is not a 'one-time marketing'. $8 million in public market purchases of SIGN directly reduces circulation; $4 million privately stabilizes large holders, minimizing price fluctuations. Even better, after Binance Alpha launched, SIGN's liquidity improved, making the value driven by scarcity easier to realize. Currently, compared to similar projects, its price-to-earnings ratio remains low, and with the rollout of expansion plans in over 20 countries, as revenue increases, the valuation potential is considerable.
@Sign Official The smartest move is 'not being greedy': focus on perfecting authentication and token distribution, securing orders through execution, and supporting value through profitability. This 'steady and solid' approach is actually more resilient in a volatile market. #Sign大展橙图 , perhaps now is the right time to wait for its long-term value.