Is CHEX undervalued compared to it's competitors?

With the RWA tokenization sector expected to reach up to 30 trillion USD by 2030, many financial institutions will likely look to have their own tokenization platform. Using Chintai’s MAS licensed, white-label tech, they can quickly do this, with everything powered by the CHEX utility token, the use of which increases with the number of clients that build their own platforms using Chintai.

I’ve researched Chintai and the CHEX token and here are my reasons why I believe this could be undervalued:

Strong Client Pipeline

Four clients (Kin Cap, DNA Deal Desk, Powerdime AI and Premier Art) across a range of sectors) have recently been announced (3 in December alone), with 50+ expected before the end of Q1 2025 and over 2 billion USD set to be tokenized according to the CEO of Chintai. Keeping in mind that this is a fully regulated project with a dedicated team that has been building for years, projections like this are very likely to be accurate. The more clients, the more tokenization occurs, the more the CHEX token is utilized.

No Tier 1 Listing….Yet

Up to this point, there’s a lack of awareness about CHEX and it's only accessible via DEX (Uniswap, Raydium) and a couple of smaller CEX’s (MEXC, Gate and Bitfinex). A Tier 1 listing is on the way, according to the team. This is growing more likely, with CHEX now entering the top 200 on CMC. Once that happens, price appreciation should accelerate a great deal.

Bluechip Tokenomics

100% fully distributed, fair-launched, and deflationary through the burn mechanism from fees collecting when issuances occur. Through their Chintai Nexus platform, holders will be able to stake and receive CHEX rewards as their clients launch and the fees begin rolling in. For further info on the tokenomics take a look at the road map: https://chintainexus.com/group/chexroadmap.pdf

https://preview.redd.it/aasfgw2u4e6e1.jpg?1280&format=pjpg&auto=webp&s=773b4c1cedca8894381e250d76d044a39bbb5919

Comparison to Mantra/Ondo

Besides from marketing, there is no justifiable reason in my opinion why CHEX should be a lower market cap than ONDO or MANTRA. They simply have slick marketing departments. ONDO has tokenized 650 million USD, while CHEX has announced approximately 500 million USD of tokenization in the last month (see client pipeline section above) with over 2 billion expected by end of Q1 2025. If we look at fully diluted market cap the comparison is even starker. Ondo's FDV is 26x greater than CHEX.

Please note these are approximate figures - the prices change constantly.

CHEX Market Cap - 700 million

CHEX Fully Diluted Market Cap - 700 million

Mantra Market Cap - 3.9 billion

Mantra Fully Diluted Market Cap - 7.4 billion

Ondo Market Cap - 2.7 billion

Ondo Fully Diluted Market Cap - 18.8 billion

KOLs

Over the last few weeks, more and more twitter KOLs have begun to get on board and momentum is building.

https://x.com/ivanontech/status/1866835956029886631?s=46&t=JqogORbOoFQrRouzPj6Mgg

https://x.com/Ashcryptoreal/status/1866704027318096181?t=6VxHKg9jrwGPCPnmMFy3mw&s=19

Miles Deutscher - https://www.youtube.com/watch?v=Qrvdn5HOdP0

Conclusion

CHEX seems to be undervalued compared to other RWA leading projects, when tokenomics and listings are taken into account. They have had a lack of marketing to retail so far, but KOLs are beginning to take notice and interest is growing organically. If the client pipeline is accurate and 50 clients launch before end of Q1 2025, this is extremely positive, with many more announcements to come.

You can take a look at https://www.chextoken.com/ to find out more and view the white paper. Or you can take a look at the Chintai or Chintai Nexus websites. Everything written here is not financial advice.