As a project that has already established a foothold in the Web3 infrastructure field, Sign @Sign Official not only achieved $15 million in revenue in 2024 but also launched a $12 million buyback plan for $SIGN. Coupled with its recent listing on Binance Alpha, these actions collectively open up significant market imagination for it.
The most striking aspect of Sign @Sign Official is its profitability. It's worth noting that there are not many Web3 projects that can achieve positive cash flow. Sign's revenue mainly comes from two business areas: one is Sign Protocol, which has cooperated with governments such as the UAE and Thailand for use in national-level digital identity and certification systems; the other is TokenTable, focusing on token distribution and management services, which many projects are using. According to official disclosures, there are still expansion plans in over twenty countries underway, suggesting significant growth potential for this revenue stream in the future.
In addition to solid business operations, Sign also has innovative ideas in tokenomics design. They allocated $12 million for the $SIGN buyback, which not only directly reduced the circulation but also conveyed the team's confidence in the long-term prospects of the project to the market. Coupled with the liquidity boost from the launch of Binance Alpha, the trading activity of $SIGN has significantly increased, attracting more institutional investors' attention.
From an investment perspective, Sign's previous financing background is also impressive—accumulating $32 million, with investors including top-tier institutions like Sequoia Capital and YZi Labs. With such endorsements, combined with a successfully running business, Sign's valuation is actually not high compared to many Web3 infrastructure projects that are still in the conceptual stage, and its P/E ratio is more attractive. We expect its market value to have the opportunity to approach $1 billion in the next two to three years.
Ultimately, investing in Sign is not just about backing a blockchain project; it is more like betting on the overarching trend of the integration of Web3 and the real world. Whether it's government-level digital infrastructure or the next generation of token distribution methods, Sign is redefining the commercial value of blockchain technology with practical use cases. It may not be the loudest, but it is indeed a strong player doing solid work.