App users are expected to grow exponentially. First users could potentially come to the platform through the K3 partnership. There are already over 2000 active customers using K3 services, who could potentially be ported to the 3air platform once it’s operational. With building out infrastructure throughout Africa we should expect an exponential growth in users even through this partnership alone. This partnership may help with having certain traction once the platform is operational and could potentially bring 400.000 active users to the platform by 2026.
Expected user growth from K3 partnership, according to the roadmap and real-world data from Sierra Leone:
Table 5 3air user growth prediction
|Potential users from K3||19,500||68,200||154,300||276,800|
Potential users from K3
Figure 23 3air user growth prediction
Note, that these numbers include only our K3 partnership. We aim at onboarding other ISPs on the platform, and potentially reach 1 million users by 2025. This is highlighting only the potential of active users on the platform.
Using real world data from K3 Sierra Leone, the average revenue per user sits around $130 per month. As Sierra Leone is one of the lower income countries even for Africa’s standards, we are certain that the average revenue in other African countries will not be below this mark.
With a 3% fee on the turnover, only with K3, 3air could grow fast and sustainable. With other ISPs joining the platform, revenue could potentially grow exponentially.
Table 6 3air revenue growth prediction
|Potential 3air revenue from K3 partnership||$0.9M||$3.2M||$7.2M||$13.0M|
3air revenue from K3 partnership
Figure 24 3air revenue growth prediction
If 1M users is reached by 2025, 3air revenue could potentially be $180M.
Evaluating a token economy is challenging. As of yet there is no distinct formula that can be used to determine the value of a crypto project. That is why we have turned to traditional models to determine the potential value of the 3air platform and tried to compare it to similar projects in the crypto space.
Most widely used metric to valuate telecom companies is EV/EBITDA method. Only considering K3 partnership, the 2025 valuation of 3air could potentially be over $2,1B.
Table 7 3air valuation prediction
Figure 25 3air valuation prediction