Thread by @DreadBong0

🧵 I wanted to compile a megathread of my $RBNT posts over the past year into one place

My aim has been to educate others on the true scale of @RedbellyNetwork and how they will have a significant impact on both #RWA and #crypto

So, here you go.. hope you enjoy 🍻

👇

I mentioned back in March 2024 that I had invested in $RBNT via an early round

Many years ago, $QNT CEO Gilbert Verdian spoke about a project from Australia developing some pretty incredible technology and praised it highly..

That project was @RedbellyNetwork 🔥

Since that moment.. I always said to myself I would look to invest in $RBNT, if given the chance

I spent years seeking out this opportunity and was finally able to make it happen by participating in an early investment round

⚫️ "Red Belly is building a Layer 1 EVM compatible chain for Real World Assets"

⚫️ "The World's Only Public Purpose-Built Real-World Asset Tokenisation Platform"

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A little bit of history about how #Redbelly came to be..

🔴 Was first developed in 2015 in collaboration with The University of Sydney to discover vulnerabilities in $ETH

Its here they designed their Democratic Byzantine Fault Tolerant consensus that solves those #Ethereum vulnerabilities

🔴 Backed by @CSIRO, Australia's national science agency who are known for groundbreaking innovations like Wi-Fi

#CSIRO's digital innovation arm Data61 partnered with the University of Sydney to create the #Redbelly blockchain

Together they played a critical role in creating the worlds first Formal Verification BFT protocol

Their aim was to create a blockchain that could meet the uncompromising demands of institutions and Governments

With the ability to handle 20,000 tps and ensure formal verification.. #Redbelly created a protocol that is extremely fast, reliable and secure

🔴 @RedbellyNetwork was granted $1.3m in research funds by the Australian Research Council

The Australian Government also included $RBNT in their blockchain roadmap

The blockchain was used in various pilots ranging from areas around RBMS with financial institutions to national CBDC experiments

Since then the project has secured over 25 partnerships with government bodies, enterprises and academic institutions

🔴 That all leads us to today..

Where the #Redbelly protocol is live on mainnet and the $RBNT is set to go live in the next few days

This isn't some small, rinky dink team spinning up experiments in a basement..

This is a groundbreaking blockchain developed and backed by innovative world class research and institutional grade credibility

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$RBNT is the worlds first formally verified blockchain

Its core consensus algorithm has been mathematically proven to be secure and flawless

Its effectively a process of mathematically proving that a system adheres to its design specifications

Their Byzantine Fault Tolerant consensus mechanism has been rigorously validated to guarantee..

🔴 Safety = Ensures no two participants in the network reach conflicting outcomes

⚫️ Liveness = Guarantees that every correct participant eventually makes progress and reaches a decision

🔴 Validity = Ensures that decisions made by the network reflect the valid proposals from participants

Not achieved through guesswork.. but through advanced modeling, mathematical proofs and automated tools

It guarantees the system is immune to vulnerabilities like double spending or Txn rollbacks

This level of verification is what attracts the big boys like institutions and governments..

A system built for environments where security and trust is paramount and capable of handling multi billion dollar transactions with zero-tolerance for failure

Its a process where $RBNT's blockchain is immune to known consensus vulnerabilities that have plagued networks like #Bitcoin and $ETH

This is the very reason $RBNT will be able to scale #RWA to trillions in On-chain value

Formal verification is truly groundbreaking🔥

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Here is the @RedbellyNetwork team talking about Finality..

Finality ensures that once a transaction is added to the blockchain, it’s confirmed forever, no reversals. With Redbelly Network, you get instant Finality.

Most blockchains like Bitcoin or Ethereum rely on probabilistic finality, meaning users have to wait for several block confirmations to be sure their transaction is irreversible. ✅

► No forks - The network won’t split into multiple versions, ensuring only one truth.

► Zero transaction loss - Your payments or transfers are guaranteed without the need for multiple confirmations.

► Web2-like experience - Transactions on $RBNT feel as seamless as a credit card swipe.

x.com/RedbellyNetwor…

$RBNT blockchain achieves a throughput of 20,000 transactions per second

This performance puts @RedbellyNetwork on par with payment giants Visa

Unlike chains like $SOL, which sacrifice finality for speed, which is evident in the networks sporadic downtime

$RBNT guarantees instant finality through its BFT consensus mechanism..

Which means transactions have been formally verified to ensure correctness under all conditions

#Redbelly performance actually increases when more nodes join the network.. with improvements of 200 tps per additional node

This is because Democratic Byzantine Fault Tolerance (dBFT) is collaborative..

Meaning an increase in the number of nodes results in more block proposals.. which are then merged into a single superblock before being appended to the blockchain

This is how you achieve widespread adoption..

By overcoming the limitations of Txn throughput and ensuring instant finality

It opens up a world of possibilities..

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$RBNT was awarded a US patent for their DBFT protocol 🔥

A great achievement for the @RedbellyNetwork team

$RBNT demonstrated how its technology can be applied to real world use cases through two pilots..

🔴 Successfully simulated a @Nasdaq stock exchange environment

- With the ability to handle High Frequency Trading and processing trades securely and at speed

🔴 Mimicked a service like @Uber

- With real time updates and the ability to perform micro transactions at scale

Showcasing $RBNT capability to handle the complexities of real world applications..

That perform better than any other blockchain on the market.. including $ETH, $AVAX, $SOL and $ALGO

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A key pillar for $RBNT is to tokenize as many assets as possible and bring them all on-chain

Real estates, Commodities, Collectibles, Equities, Currencies, Bonds etc

With Quadrillions of dollars of assets up for grabs, its a huge market and @RedBellyNetwork have created the platform to execute this

Blackrock CEO, Larry Fink believes every financial asset in the world will be tokenized

$RBNT will be at the forefront of this movement 🔥

Larry Fink again talking about how tokenization will be transformational for financial assets

The sheer scale of global capital we’re talking about here makes the current crypto market look tiny in comparison

Imagine owning a piece of the Eiffel Tower or the Empire State Building..

Maybe profiting of the increased value of the Las Vegas Sphere

Platforms like $RBNT make fractional ownership a reality

Red Belly partnered with CarbonHood to tokenize $70 billion worth of Carbon Credits

🔴 "CarbonHood has today announced a world-first project, partnering with @RedbellyNetwork and blubird, to tokenize an initial 950 million tons of carbon credits, valued at approximately US$70 billion, and issue them directly from a global digital asset registry"

🔴 "This effort is the first step in a broader plan to bring a 32 billion ton asset book valued at up to US$2 trillion on-chain by the end of 2025"

$70,000,000,000 worth of carbon credits coming on-chain..

redbelly.network/blog/carbonhoo…

That's $80b+ now committed to being onboarded to the $RBNT platform

These numbers are unlike anything we've ever seen in #crypto 🔥

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$RBNT is already revolutionizing the #RWA market in a groundbreaking way 🔥

⚫️Carbonhood Group (Carbon Credits)

$RBNT Tokenizing 950 million tons of carbon credits, worth $70 billion.. with plan to bring 32 billion ton asset book valued at $2 trillion on chain by mid 2025

🔴 Hutly (Real Estate)

Partnered with Hutly to tokenize $1.8 billion worth of residential rent rolls, making the rental market more efficient through smart contracts

⚫️ Liquidise (Private Equities)

Red Belly tokenizing $500 million of private equity.. enabling instant, secure liquidity for sophisticated investors

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$RBNT aiming to bring 32 billion ton asset book on chain by the end of 2025

The total value of those assets being $2 trillion

Yes.. $RBNT could have $2 trillion in TVL next year 🔥

#RWAs will be massive and they're a largely untapped market

There are hundreds of trillions of dollars across assets like..

🔴 Bonds
🔴 Real Estate
🔴 Commodities
🔴 Derivatives
🔴 Equities
🔴 Carbon Credits.. etc

All these assets will eventually be tokenized and brought on-chain

This is the total addressable market $RBNT are going after and they've created the infrastructure to make it possible

Right now, there are less than 1% of assets that have been tokenized..

If you are good with math, you will have realized this leaves 99% of the worlds assets up for grabs

We are on the cusp of a tipping point where institutions and governments are increasingly exploring blockchain for secure and efficient management of their assets

It is a sector that is ripe for disruption..

$RBNT is setting the standard 🔴

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People have no idea how big the #RWA market will become..

The big boys want tokenization more than anything.. and the market is fucking huge 🔥

$RBNT

Here is $LINK founder Sergey Nazarov on @bloomberg

Talking about Tokenization and #RWA's and the huge impact it will have on the financial system

I don't think people in this space are ready for what's coming with the tokenization of assets

Larry Fink, Blackrock overlord.. thinks tokenized #RWA's will be worth $10 trillion by 2030 and will grow to be 100x bigger than #Bitcoin

Beyond that, we are talking quadrillions of value as global assets get tokenized and digitized

It's the single use case of blockchain every financial institution has been waiting for

RWA and Tokenization are the future.. Plain and simple

The potential numbers and scale of value coming on-chain dwarfs anything we've seen in #crypto

It's where I am focusing most of my energy and research right now

Its an area that is massively undervalued and will grow to become the largest vertical in the space

I've made it clear my bet is $RBNT.. What they're already achieving will disrupt the entire #crypto dynamic..

But there will be many winners on the pitch

If you're able to identify the early winners of #RWA and Tokenization now..

It may be the only move you'll ever need to make

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With the amount of assets locked in their protocol..

$RBNT Total Value Locked will match and surpass the entire TVL market combined

#RWA

The Chief Growth Officer of @RedbellyNetwork talks about how they'd signed $74 billion to be tokenized

$RBNT

In just 5 months, $RBNT Testnet has processed nearly 30 million transactions

With over 140k wallets verified and 1.7m blocks created

$RBNT Mainnet went live on November 28, 2024 🔥

"Redbelly Network, the only patented, verified and fully compliant blockchain designed for real-world asset (#RWA) tokenization, has officially launched its Mainnet"

redbelly.network/blog/redbelly-…

A project that will bring billions.. eventually trillions of dollars in assets on-chain, enabling the creation of groundbreaking applications that simply aren’t possible anywhere

$RBNT

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On December 1, 2024, @RedbellyNetwork announced the $RBNT Community Sale

Giving the community a chance to invest via the listing price

After just 2 days, the cap of $600k was reached and they had to close the sale early due to increased demand

1,400 users participated in the $RBNT Community sale

Seeing as $RBNT would achieve more TVL than the rest of the TVL and #RWA markets combined..

I decided to do a series of analyzes on what this could mean for the project..



👇 👇

I wanted to visualize how @RedbellyNetwork compares in market valuation and TVL against current leading #RWA projects

Here is the current #RealWorldAssets landscape..

$ONDO
Market cap (Circulating) - $2.4 billion
Market cap (Diluted) - $16.4 billion
Total Value Locked - $628 million

$OM
Market cap (Circ) - $3.9 billion
Market cap (Diluted) - $7.5 billion
Total Value Locked - $13k (lol)

$MKR
Market cap (Diluted) - $2 billion
Market cap (Circulating) - $1.9 billion
Total Value Locked - $590 million

All three projects in the multiple billions in market valuation and currently leading the charge in #RWA

Here is what happens when we add #Redbelly..

$RBNT
Market cap (Diluted) - $400 million
Market cap (Circulating) - $40 million
Total Value Locked - $74 billion

As you can see, the landscape shifts pretty dramatically..

The token will be launching by December 17th, but the above figures are accurate information for what $RBNT will be launching at and the TVL deployed on mainnet

This will position @RedbellyNetwork as the undisputed #1 #RWA protocol out the gate

It also shows how undervalued $RBNT will be at launch compared to other leading #RWA projects like $MKR, $ONDO and $OM (lol)

$RBNT market valuation at launch of $40 million will be -1,850x less than it's TVL of $74 billion

If you factor in its fully diluted value.. it's still a whopping -180x less than its TVL on mainnet

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So now that we have compared #Redbelly to other #RWA projects..

Lets now look at the leading TVL protocols:

I have excluded $ETH as its market cap made the other columns look like ants..

As you can see, there is a rather large outlier on that graph.. I'll give you a hint, it's the one on the right

Every single Top 10 TVL project has a market cap multiples higher than the number of assets locked up in their protocol

The only one that currently doesn't.. is $RBNT

In fact, the discrepancy is so ridiculous that I had to include #Redbelly's FDV on the chart as you couldn't even see its circulating launch valuation of $40m

@RedbellyNetwork will be the #1 TVL protocol in this space

Its TVL out the gate will be multiples higher than the following top 10 TVL projects..

8x higher than $SOL
9x higher than $TRX
13x higher than $BNB
22x higher than $ARB
29x higher than $HYPE
40x higher than $SUI
45x higher than $AVAX

The value of $RBNT FDV at launch will be multiples lower than the circ market cap of the above projects..

250x lower than $SOL
250x lower than $BNB
60x lower than $TRX
50x lower than $AVAX
35x lower than $SUI
15x lower than $HYPE
11x lower than $ARB

You can see for yourself there is a large juxtaposition between the current market value of $RBNT compared to other top protocols.. and the value of #Redbelly's TVL compared to those projects

Doing the same analysis for the three named leading #RWA protocols, looks like this..

$RBNT TVL is 117x higher than $ONDO TVL
$RBNT TVL is 125x higher than $MKR TVL
$RBNT TVL is 5.6 million x higher than $OM TVL (LOL)

Comparing the market valuations of those #RWA projects to #Redbelly's at launch..

$RBNT mcap is 60x less than $ONDO mcap
$RBNT mcap is 97x less than $MKR mcap
$RBNT mcap is 47x less than $OM mcap

Finally.. lets compare their Fully Diluted Values:

$RBNT FDV is 41x less than $ONDO FDV
$RBNT FDV is 5x less than $MKR FDV
$RBNT FDV is 19x less than $OM FDV

So there you go..

I don't know how I can't paint a clearer picture for how big of a project is about to hit this space and how undervalued it currently is..

It’s like a colossal red monster looming on the horizon, but everyone’s too busy looking down to see it coming

Likely with a big red belly 🔴

I have purposefully included the FDV of $RBNT in this analysis to help grasp the extreme nature of how ridiculous this all is

I haven't even touched on the protocol itself or how fundamentally superior its technology is against all the projects mentioned above..

But you'll have to check out my other posts for that

Happy hunting.. A monster is here

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$RBNT recently announced a carbon deal for $70 billion

With over $74b already announced.. $RBNT will comfortably sit atop of the TVL rankings

What is TVL?

"TVL stands for Total Value Locked, a metric used to measure the value of assets locked in a protocol or platform"

$74 billion is nearly double the Total Value Locked of $ETH at $44b and ten times the amount of $TRX at 7.5b

So I thought I would do some analysis of TVL and the projects that occupy the Top 10 spots

Here is what I found..

Pretty much every single project that occupies a Top 10 TVL spot is placed within the Top 50 crypto projects on @coingecko

This means 8 out of the 10 projects have a market valuation of at least $2 billion

The market valuation is at least equivalent to the projects TVL and in many cases, its higher

Here is how many multiples the projects mcap is compared to their TVL..

$ETH #1
$44b TVL
$292b mcap
= 6x

$TRX #2
$7.3b TVL
13.6b mcap
= 2x

$SOL #3
$5.3b TVL
66b mcap
= 12x

$BNB #4
$4.4b TVL
84b mcap
= 20x

$ARB #5
$2.3b TVL
1.9b mcap
= 0x

$SUI #7
$1b TVL
5.2b mcap
= 5x

$AVAX #8
$1b TVL
10.1b mcap
= 10x

$MATIC #9
$920m TVL
1b mcap
= 0x

It shows at a minimum, there is a direct correlation to the the value of a project when achieving a high amount of assets within their TVL

As mentioned.. $RBNT announced they have currently achieved $75b of value in their TVL, which will translate to mainnet

This puts $RBNT at the #1 spot

If we were to look at the base case of other projects who occupy a slot within the Top 10 and apply a multiple of 0x

That would signify $RBNT achieving a market valuation of $75 billion

Do I think that will be the case?

I honestly do not know, as these kind of numbers around a highly anticipated launch has never happened in #Crypto

So, to play it safe.. lets break from the base case and assume the multiples would actually be negative..

This is how that would look..

-5x of TVL would see $RBNT at a valuation of $15b

This would see $RBNT push into the Top 10 and flip $TRX in both TVL and the crypto rankings

-10x is a valuation of $7.5b

-20x would see a mcap of $3.75b

-50x of $RBNT TVL would still give the project a market valuation of over $1b

-100x of $75b would obviously be $750m.. which would put the token inside the Top 100

As you can see.. This puts $RBNT is a rather strange position going into launch of Mainnet

A project has never exploded out the gate with this value of assets locked up in its protocol..

So we can only speculate on how things will translate

If $RBNT follows the norm of how other TVL projects equate within the Top 10.. then things are going to get pretty ridiculous, pretty fast

The real beauty lies in the fact that the $74b of TVL is just the starting point

In a recent partnership announcement.. Carbonhood and @RedbellyNetwork stated this is the first step..

In bringing a 32 billion ton asset book on-chain through $RBNT platform at a value of $2 trillion by mid 2025

Read that again..

TWO TRILLION DOLLARS!

Linearly, this would be an increase of 11% or $220b added to Redbelly TVL every single month through to mid 2025

The numbers we are talking about here are pure fucking insanity and genuinely nothing we've ever seen before in this space

I mean the entire crypto market cap is valued at just over $2 trillion, for crying out loud

This isn't even taking into account the fact that $RBNT is also looking to tokenize..

- Real estates
- Bonds
- Commodities
- Currencies
- Equities

This is what happens when you are the Worlds Only Compliant Network for tokenizing assets..

People choose to use the $RBNT platform because it is the only protocol and technology that is able to do at scale in a regulated and compliant manner

I don't know the date of when Mainnet or TGE will take place.. All I know is it is set for Q4 of this year

For clarification, I am invested in an early round after seeking an investment in $RBNT for a long time.. I wanted to make sure I mentioned that

I also don't know how things will translate.. what prices we're looking at or how the space will react to all of this..

All I know is.. This is all incredibly fucking exciting!

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Obtaining a Top 10 TVL position is a guaranteed way to achieve, at least.. a billion dollar market cap

The odds of becoming a Top 50 project becomes dramatically high..

As there seems to be a direct correlation between assets locked and larger valuations

$RBNT is already slated to have multiple billions dollars worth of assets committed to their protocol

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And a final piece of analysis on this.. 👇

$RBNT TVL of $74 billion will be just $20b less than the entire TVL market valuation combined

It will also be 10x higher than all of the #RWA projects TVL combined, which sits at $7 billion

$RBNT will sit atop of both the RWA TVL rankings, surpassing $MKR and $ONDO..

While also top of the entire TVL rankings, surpassing $ETH and $SOL

All projects in TVL Top 10 have a market cap at least equivalent to their assets value locked in their protocol

It many cases, it's multiples higher..

So assuming $RBNT does not match that.. and actually has 10x less market valuation than its TVL..

Hell, lets even 50% that to make it 20x lower

$RBNT market valuation would sit at $3.7 billion

That's $3.7b mcap for a protocol that holds $74b in assets

This is why I do believe people need to be keeping an eye on $RBNT when it launches in Q4

It is my opinion there will initially be a large discrepancy

Lets assume 20% of tokens are in circ on day one.. which would be 2 billion $RBNT..

Given the numbers we've laid out above.. Anything under $100m mcap should look extremely attractive imo

It will be interesting to see what price and valuation $RBNT launches at.. but I do honestly believe there is a good opportunity here for public buyers

Obviously.. everyone needs to do their own research, as this is only my opinion and I could very well be wrong 👍

We just haven't really seen anything like this before in #crypto

The real question is how the space will react to a project of this scale out the gate

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The just don't know..

$RBNT

The $RBNT token went live today 🔴

It can be traded now on #MEXC



First exchange of many to come..

$RBNTmexc.com/exchange/RBNT_…

I've had strong conviction $RBNT will be going to the very top for a while now and that has only grown stronger as times gone by..

Tokenization is a wave of disruption that is set to impact financial assets

#crypto has not seen anything to this scale and it is my belief #RWA will grow to become one of the largest sectors within this space

$RBNT is the asset I've chosen to capitalize on this mass disruption

Anyways.. that is the end of the $RBNT megathread



I hope you enjoyed taking a deep dive into my autism

Hopefully you found some value reading this

Cheers 🍻