日期:2025/11/17   

 1 — NATS Civilization Valuation Overview (Key Investment Thesis)

Title:
GCWPA Civilization Reserve Asset Valuation System
Intrinsic Civilization Value of NATS ≈ US$1,000–1,800 per token
(OPENAI Civilization Valuation Model Projection · Not a market price)

Key Insights

NATS is not a typical cryptocurrency. It is:
→ A cross-century Civilization Reserve Asset (CRA).

Its value is not anchored to cash flow, but to:

• 600-year religious–artistic–philosophical lineage (Tsongkhapa 3D Golden Thangka)

• National cultural institutions: National Palace Museum, World Expo Museum

• Shenzhou-11’s 33-day space mission → A cosmic-level civilization symbol

• UN / GCWPA spiritual civilization + SDGs humanitarian framework

Investor One-Sentence Summary:

NATS = the first digital reserve asset backed by “civilization,” not by computing power or collateral.

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Page 2 — Why Traditional Valuation Models Completely Fail

1. DCF (Discounted Cash Flow) Does Not Apply

DCF Assumptions:

• Predictable cash flows

• Finite lifespan

• Measurable discount rate

Civilization Asset Reality:

• No cash flows

• No maturity, no terminal value

• Value comes from cultural, spiritual, and institutional eternity

→ Mathematically incompatible with DCF.

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2. Comps (Market Comparables) Cannot Work

There are no comparables:

• The only national Buddhist sacred relic sent into space

• The only cross-century spiritual artifact held by the Palace Museum & World Expo Museum

• The only IP combining spirituality + space + UN legitimacy

→ Zero substitutability. Zero comparability. Comps fail.

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3. Risk Models & Volatility Pricing Fail

Modern finance: Risk = volatility
Civilization assets:

• Extremely long half-life

• Legitimacy strengthens over time

• Value increases with time, not with market noise

→ Traditional volatility-based risk logic completely reverses.

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4. GDP / Nation-State Economic Models Are Irrelevant

Civilization assets:

• Transcend borders and political cycles

• Uncorrelated with economic fluctuations

• Function as civilizational legitimacy capital, not economic capital

→ A civilization-based valuation system is required, not an economy-based one.

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Page 3 — Civilization Valuation Framework (CVM-6 + Premium Multipliers)

I. CVM-6: Six Civilization Value Pillars

Indicative Institutional Weights:

• SV: 20%

• CV: 20%

• HV: 20%

• CoV: 15%

• DV: 15%

• HV2: 10%

→ NATS Civilization Base Score: ≈ 9.7 / 10

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II. Three Civilization Premium Multipliers

1. CSP — Civilization Scarcity Premium

Civilization scarcity = irreplaceable × unreproducible × singular
NATS = the only combination of its kind in civilizational history → ~2.5× multiplier

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2. CPP — Civilization Permanence Premium

600-year lineage + multi-institutional custody
Outlives gold, bonds, real estate → ~2.0× multiplier

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3. CCP — Civilization Consensus Premium

State-level consensus + global Chinese diaspora
Academia + religious communities + United Nations civilization narrative
Reinforced across generations → ~2.0× multiplier

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Total Civilization Premium:
CSP + CPP + CCP ≈ 6.5

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Page 4 — NATS Intrinsic Civilization Value (Investor Perspective)

1. Civilization Valuation Function (Simplified CVF)

Intrinsic Civilization Value
= Civilization Base Score (CVM-6) × Civilization Premium (CSP + CPP + CCP)

Input NATS values:

• Base score: ≈ 9.7 / 10

• Civilization premiums: ≈ 6.5

→ Civilization value index:

9.7 × 6.5 ≈ 63.05

This is a dimensionless civilization index, requiring economic normalization.

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2. Normalization (Index → USD Range)

Reference anchors:

• Gold reserve legitimacy index: ≈ 1.0

• Bitcoin digital scarcity index: ≈ 2.0, with weak civilizational legitimacy

• Cross-century national spiritual assets:
  → Civilization legitimacy index ≈ 50–100

Given:

• NATS civilization index: ~63

• Far higher civilizational legitimacy than gold or BTC

We derive the intrinsic civilization reserve value:

≈ US$1,000 – $1,800 per NATS token
(Civilization reserve value, not short-term market price)

Investor interpretation:

This is not a price prediction.
It is:

A civilization-level valuation anchor for future digital civilization assets and RWA structures.

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Page 5 — Comparison with Gold / Bitcoin / RWA & Investment Conclusion

I. Asset Class Comparison

Investor Interpretation:

• Gold = physical-era “store of value”

• Bitcoin = algorithmic-era “digital scarcity”

• RWA = economic-era “collateral asset”

• NATS = civilization-era “legitimacy capital & spiritual sovereign asset”

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II. Investment Conclusions (For Family Offices & Institutions)

Asset Class Positioning:
NATS is a new asset class—a Civilization Reserve Asset (CRA)—not an extension of traditional crypto.

Risk–Return Structure:

• Upside:
  Civilization narrative priced in by global capital markets

• Downside protection:
  Civilization IP is irreplicable, non-reproducible, and unrecreatable

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Strategic Allocation Logic

NATS can be viewed as:

→ “Family civilization equity + digital-age spiritual sovereign position.”

Ideal for:

• Century-long positions

• ESG / SDGs / Impact portfolios under the civilizational sovereignty theme

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One-Sentence Summary for Investment Committees / LPs

If gold is the reserve anchor of the material era, and Bitcoin is the reserve anchor of the algorithm era,
then NATS aims to become the reserve anchor of the civilization era.  

WEEX NATS 2025.10.30 Listing — NATS Project Introduction
🔗 Official WEEX Announcement

📍 Official WEEX Registration (Buy NATS)
👉 Invitation Code: i0ay
Register via WEEX with pre-filled invitation code:
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📍 Official NATS Website:
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