<p>Perhaps Bisq's most fascinating element is that it delivers a service and earns revenue without any legal entity (i.e., no capital structure, no equity). This might be a world-first.</p>
<p>Traditionally, company values are based on the value of their equity. Because Bisq doesn't have any semblance of equity, traditional valuation methods such as discounted cash flow methods and various comparables methods are useless.</p>
<p>So a new model is needed...one that recognizes BSQ as a unit of unearned revenue, where the value of a BSQ token is derived from its relative scarcity as determined by trends in supply.</p>

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