Cryptocurrency Valuation Guideline

Authors

  • Arnat Leemakdej Faculty of Commerce and Accountancy, Thammasat University

Keywords:

Cryptocurrency, Bitcoin, Valuation

Abstract

The capital invested in Cryptocurrency has been abundant from both retail investors and institutional investors. There are more than six thousand currencies being offered in the market in which the investors lack of knowledge about their intrinsic value. This article classifies cryptocurrency into three main groups, namely Native Blockchain Token, Utility Token, and Asset-backed Token. The article suggests how to value the token in each group.

References

Bitcoincash.org. (2017). The History of Bitcoin Cash. Retrieved 15 Mar 2021. From https://bitcoincash.org/.

Buterin, V. (2014). A Next-Generation Smart Contract and Decentralized Application Platform. Retrieved 15 Mar 2021. From https://ethereum.org/en/whitepaper/.

Diem Association. (2019). White Paper 2.0. Retrieved 15 Mar 2021. From https://www.diem.com/en-us/white-paper/#the-libra-association.

JFin Team. (2018). JFinCoin – Decetralized Digital Lending Platform and Ecosystem. White Paper Version 1.1. Retrieved 15 Mar 2021. From https://jfincoin.jventures.co.th/jfincoin-whitepaper-th.pdf.

Litecoin.org. (2011). What is Litecoin?. Retrieved 15 Mar 2021. From https://litecoin.org/

Nakamoto, S. (2008). Bitcoin: A Peer-to-Peer Electronic Cash System. Retrieved 15 Mar 2021. From https://bitcoin.org/bitcoin.pdf.

Pierce, B., Collins, R. and Sellars, C. (2014). Tether: Fiat currencies on the Bitcoin blockchain. Retrieved 15 Mar 2021. From https://tether.to/wp-content/uploads/2016/06/TetherWhitePaper.pdf.

Schwartz, D., Youngs, N. and Britto, A. (2014). The Ripple Protocol Consensus Algorithm. Retrieved 15 Mar 2021. From https://ripple.com/files/ripple_consensus_whitepaper.pdf.

Sedgwick, K. (2018, 30 January). Tether Severs Ties with Its Auditor, Leaving Its Accounts Shrouded in Mystery. Retrieved 15 Mar 2021. From https://news.bitcoin.com/tether-severs-ties-with-its-auditor-leaving-its-accounts-shrouded-in-mystery/.

Downloads

Published

2021-06-28

How to Cite

Leemakdej, A. (2021). Cryptocurrency Valuation Guideline. Journal of Multidisciplinary Academic Research and Development (JMARD), 3(2), 1–11. Retrieved from https://he02.tci-thaijo.org/index.php/JMARD/article/view/250409

Issue

Section

Academic article