NEOPIN Valuation Outlook: Exploring the Best Solution for the Integration of DeFi and CeFi

NEOPIN is a "licensed DeFi protocol" under the Korean gaming giant Neowiz, combining the advantages of both CeFi and DeFi. It aims to build a bridge between traditional finance and DeFi protocols within a compliant framework.

NEOPIN has been selected for the Innovation Program of the Abu Dhabi Investment Office and is collaborating with local government agencies to develop a regulatory framework for Decentralized Finance. As a rare regulated DeFi service provider, NEOPIN actively embraces regulation to ensure its long-term development is unimpeded.

NEOPIN is the only DeFi protocol that simultaneously supports the Klaytn and Finschia networks and is a clear beneficiary of the Klaytn and Finschia merger event. In the future, it may become a DeFi model for the "blockchain merger" concept.

NEOPIN offers RWA-based DeFi products, and entering the RWA market with a compliant framework helps to achieve smooth progress and enjoy the dividends of the explosive growth in the RWA market.

Through comparable analysis valuation, we expect the price of the $NPT token to reach between $3.10 and $8.39 by the end of the first quarter of 2025, indicating significant upside potential compared to its current price.

Leveraging the background of large enterprises, compliant operation of DeFi, and benefiting from the historic merger of two major public chains, NEOPIN is likely to gain more community trust in the upcoming wave of blockchain mergers. As a highly inclusive DeFi protocol, NEOPIN's efforts to bring real-world assets on-chain are more easily recognized by users, presenting an opportunity to win the loyalty of a wide range of web2 and web3 users.

Introduction to NEOPIN

NEOPIN was established in 2021 and claims to be "a one-stop, non-custodial licensed protocol for the secure use of cryptocurrencies within a regulatory framework, while possessing the advantages of both CeFi and DeFi. Based on a stable security protocol and a regulated environment, NEOPIN aims to bridge traditional finance and DeFi protocols for users."

The parent company of NEOPIN is the well-known South Korean game company Neowiz. NEOPIN has been selected for the innovation program operated by the Abu Dhabi Investment Office. NEOPIN is collaborating with the UAE government to develop a DeFi regulatory framework and expand services based on this framework globally.

The NEOPIN team members come from well-known companies and currently have over 30 employees, which is considerable for a web3 startup.

NEOPIN has proposed a new concept of "permissioned DeFi", aiming to provide a stable, secure, and compliant platform while maintaining high transparency, innovation, and flexibility.

The NEOPIN ecosystem connects P2E, S2E, M2E, NFT, and other crypto financial services, allowing users and liquidity providers to profit through the ecological token $NPT.

The Main Highlights of NEOPIN

1. Benefit from the blockchain merger

NEOPIN is the only DeFi protocol that supports both the Klaytn and Finschia networks and is a member of the governance committee. During the merger process of Klaytn and Finschia, NEOPIN has made significant preparations. As the only DeFi protocol that supports both networks, every new feature of NEOPIN could serve as an important example for DeFi protocols in addressing blockchain mergers.

2. Actively Embrace Regulation

NEOPIN, as one of the first protocols to propose "permissioned DeFi," chooses to actively embrace regulation. This is beneficial for building a platform that complies with regulatory frameworks while fully utilizing the advantages of DeFi and CeFi. NEOPIN collaborates with the UAE government to develop a DeFi regulatory framework, placing itself in a favorable competitive position.

3. Entering the RWA market

NEOPIN has launched the RWA-based DeFi product NEOPIN BDLP, providing users with generous returns. NEOPIN has also developed a proprietary AI algorithm to help users efficiently invest in complex DeFi derivatives. Compliant RWA products will serve as a bridge between the web2 world and the web3 world.

$NPT Token Economics

The total issuance of $NPT is 1 billion tokens, with a current circulating supply of approximately 86.64 million tokens. The token distribution is as follows:

• Ecosystem (50%)
• Partners (18%)
• Team Operations (15%)
• Reserve Fund (10%)
• Marketing (5%)
• Investors (2%)

$NPT plays a core role in the NEOPIN ecosystem, connecting various crypto financial services. Its utilities include:

• Liquidity provision and trading fee rewards
• Staking and Locking Rewards
• Liquidity Mining
• Event and service participation rewards
• Auto Repurchase and Supply Deflation (AutoRM)
• Ecosystem service support

Valuation Analysis

We compare the valuation of NEOPIN with four types of projects: DEX, Staking, Bridge, and RWA through a comparable analysis method. The final results are as follows:

• DEX project comparison: The expected NPT price by the end of 2024 is between $1.78 and $4.54.
• Staking project comparison: The expected NPT price by the end of 2024 is between $3.45 and $5.47.
• Comparison of Bridge projects: It is estimated that the NPT price will be between $1.36 and $2.41 by the end of 2024.
• RWA project comparison: The expected NPT price by the end of 2024 is between $10.77 and $44.49.

Based on the above results, with weights of 40%, 30%, 20%, and 10% for the final valuation, we expect by the end of 2024:

• The market value of NEOPIN will be in the range of 268 million to 727 million USD.
• The price range for $NPT is $3.10 to $8.39

Conclusion

The main advantages of NEOPIN include:

• Backed by the South Korean gaming giant Neowiz, the team has strong capabilities.
• The first DeFi protocol to benefit from the "blockchain merge" concept
• Actively embrace regulation and propose the concept of "permissioned Decentralized Finance"
• Entering the RWA field under a compliance framework is expected to become a bridge between the web2 and web3 worlds.
• Valuation analysis shows that the $NPT token has significant upside potential.

NEOPIN is expected to gain more trust in the upcoming wave of blockchain mergers, as its inclusivity and compliance make it easier to be accepted by a wide range of users, with the opportunity to become an important platform connecting multiple public chains and real-world assets.