Hash Global has released its latest research paper, “Valuation Methodology for Value-utility Tokens”, introducing the core concept of Value-utility Tokens for the first time. 📊 The study focuses on identifying tokens with both intrinsic value support and real use cases, and establishes a systematic valuation framework. Using BNB as a case study, it provides a quantitative perspective for long-term value assessment by analyzing its economic model, on-chain applications, and valuation logic. 📌 Key Highlights: 1️⃣First to define Value-utility Tokens, emphasizing both value capture and functional utility. 2️⃣Innovative valuation system combining the monetary equation with the DCF model — focusing on usage value and intrinsic returns, unlike traditional technical analysis. 3️⃣ In-depth BNB case study covering its deflationary model, ecosystem drivers, and on-chain usage, with mid-to-long-term valuation references. The model has been preliminarily validated by the market since its first release in 2019.✅ 📖 This paper is a result of Hash Global’s long-term research efforts, aiming to provide a replicable and practical valuation methodology for the industry. 🔗Full report: 👉