Welcome to the First issue of CRYPTO-RICA

Located in Dominical, Costa Rica

In this issue we are going to analyses the FUNDAMENTALS that can be used to compare cryptocurrencies. This is not as easy as it might sound and so far no "standard" exists for us crypto investors. So here we break down the different functions and modes of performance that can be analyzed more or less easily.

The main analytical topics to be examined cover "Network Value" including Transactions, Wallets and network speed (volume, depth, robustness); and then the more traditional Earnings Per Token (equivalent to EPS) for application which apply and finally Synergistic Governance Value for tokens that have governance functions.

EXAMINING THE NETWORK

ROBUSTNESS

This term refers to the maximum number of translations that can be processde per unit time. The "normal" reported rate should be in Transactions Per Second, but its uses may vary depending on the analysis being conducted.

VOLUME

This term refers to the actual number of transaction that happen per period of time on the network. The "normal" reported rate should be Transactions Per Day, but its uses may vary depending on the analysis being conducted.

DEPTH

This term refers to the number of wallets that either exist or are in use on the token/coin program over the last years period.

EARNING per TOKEN

This term refers only to tokens that are part of a business design where the tokens have a "securities" aspect to them and or dividends that are paid out for holding the token.

SYNERGY

This term applies to Token/Coins that have a GOVERNANCE aspect. To the extent that having a vote on the governance of one token assist the viability of a different token then that synergy can have a multiplicative affect on Token Value.

And we will keep our eye's and mind's open to new concepts that need to be considered in future Reports.

The DAO Funds FUNDAMENTALS Report

Coin/Token	Robust	$Vol-CoinVol	Depth	MrktCap	EPT	Synergy
EOS	1,000+	n/a	277,608	$5.7B	n/a	Possibly Many
ETH	25	$1.9B-2M	27.8M	$84B	n/a	Possibly Many
Steem	10K+	$6.1M-2M	500k	$816M	20-60%	Possibly Many
Monero	1,000+	$97M-275K	500K?	$5B	n/a	n/a
BitCoin	3	$7.7B-702K	2M	$186B	n/a	n/a

? = no source : n/a = not relevant currently

ANALYSIS of FUNDAMENTALS

Robust vs Market Capitalization

The simple formula is MC/R giving the relative unit token cost of the network (cap) per transaction per second. For our sample of coins we get (the larger the Capitalization per transaction per second, the more expensive the network is to own ):
EOS = $5.7M
ETH = $3.36B
STEEM = $81.6K
MONERO = $5M
BitCoin = $62B

Then ranked by relative multiples:
STEEM relative ranking 1
MONERO relative ranking 3
EOS relative ranking 3
ETH relative ranking 14
BitCoin relative ranking 30

USAGE VALUE

Here we relative order the Coin/Tokens based on real life usage as calculated by transactions per day in both $ and in Token Volume:

_
$ Volume:
BitCon relative ranking 1
ETH relative ranking 2
MONERO relative ranking 9
STEEM relative ranking 35
EOS = n/a
_
Token Volume:
STEEM = 1
ETH = 1
BitCoin = 3
MONERO= 7

AVERAGE BALANCE

We can calculate an average balance per wallet by dividing the MarketCap by the number of wallets and relative rank them. This gives a good indication of public acceptance.:

BitCoin = $93,000 rank 1
MONERO = $10,000 rank 3
EOS = $4,000 rank 5
ETH = $3,022 rank 6
STEEM = $1,632 rank 8

INDIVIDUAL USAGE

We can judge how much individual use their cryptos by dividing the daily $ Volume by the number of wallets and then relative rank them:

BitCoin = 3,850 relative rank 1
MONERO = 194? relative rank 4?
ETH = 63 relative rank 8
STEEM = 12 relative rank 18

Then we have the same but with Token Volume:

STEEM = 4 transactions for 1 wallet relative score 1
MONERO = 1 transaction for 2 wallets relative score 3
BitCoin = 1 transaction for 3 wallets relative score 4
ETH = 1 transaction for 14 wallets relative score 7

FINAL RANKINGS

Using our propitiatory ranking system we arrive at (lower values are better) these RELATIVE values (these are NOT US$ values and we do not suggest a proper dollar value):

MONERO = 29 relative rank 1.0
EOS = 35 relative rank 1.2
ETH = 38 relative rank 1.3
BitCoin = 40 relative rank 1.4
STEEM = 64 relative rank 2.2

With adjustment for positive Synergies of a Tokens, negative aspects of speculations on Coins with "n/a" and positive aspects of others with dividends, we end up in this order:

EOS = 1
ETH = 1.3
MONERO = 1.5
STEEM = 1.7
BitCoin = 2.1

Portfolio Diversification Strategy based on Fundamentals:

CONSERVATIVE	AGRESSIVE
26% EOS	30% EOS
22% ETH	23% ETH
20% MONERO	20% MONERO
18% STEEM	17% STEEM
14% BitCoin	10% Bitcoin

(This is NOT financial advice, this is merely a comparison of these 5 Coin/Tokens and their fundamental attributes)