First off, the software for the CEX and DEX are done. All that is needed now is maintenance. To develop it, let's say they spent a million dollars, but I doubt it was anything near that. Four years ago Yuen Wong put his company at the disposal of NSAV. He was managing partner of Binance and had his own real estate blockchain company in Dubai with 100 employees. So, they may have done it for NSAV for nothing or for shares. Anyway, NSAV didn't need to develop full self driving or reinvent the wheel. This was straight forward stuff for good programmers. In fact, creating a new game with all the graphics and such would be much more labor intensive. However, once the thing is done, it is done. I believe NSAV is now at that point, with a couple of people for tech support. How much does that cost in Asia? So, there must be phenominal margins in the crypto exchange business. Correct me if I'm wrong, but it could be 95% or higher. Of course there are other employees, server rental, etc,, but that is not raw materials like lithium, steel, nickel, plastic, rubber, and equipment to make it all into electric automobiles. This is basiclly, just electrons and computers. Seems like a great business if you can get it set up and attract subscribers, which they have obviously done.
Bullish
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