## The value of SKILLCOIN

A consideration about the total number of issued SKILLCOIN and value was posted on the homepage.

The contents are as follows.

### Precondition

The issue number is set so that the value of 1 token will be 1 to 4 digits of legal currency.

**※Legal currency is JPY(yen)**

### Using Fischer’s exchange of equation used in quantity theory of money.

The future value of SKILLCOIN is calculated using Fischer’s exchange of equation used in quantity theory of money.It seems that Fischer’s exchange of equation can also be applied with utility tokens.

The following formula is based on the article Cryptoasset Valuations written by Chris Burniske.

M = size of the asset base

V = velocity of the asset

P = price of the digital resource being provisioned

Q = quantity of the digital resource being provisioned

MV = PQ

**M = PQ/V**

In the product, M is calculated as 3.9 trillion yen, which is calculated from the cost paid to employment agency.

If only **Innovators and Early Adopters use**, it is supposed to be 3.9 trillion yen 16%. ⇒ 630 billion yen.

**・value of 1 token = M/total issue number**

**= 630 billion yen / 30 billion pieces**

**= 21 yen ($0.21 ※1$ = 100 yen)**

**Including Majority and Laggards**,expected to be **130 yen ($1.3 ※1$ = 100 yen)**.

### Expanding to world wide

When expanding to world wide,It is set at 55 times from simple population ratio.

**$1.3 × 55 ＝ $71.5 (7150yen ※1$ = 100 yen)**