{"id":2727,"date":"2026-06-22T17:21:54","date_gmt":"2026-06-22T14:21:54","guid":{"rendered":"https:\/\/cryptotrust.one\/?p=2727"},"modified":"2026-08-01T14:58:32","modified_gmt":"2026-08-01T11:58:32","slug":"formula-dlya-rascheta-spravedlivoj-czeny-tokena-na-osnove-pribyli-fonda","status":"publish","type":"post","link":"https:\/\/cryptotrust.one\/en\/formula-dlya-rascheta-spravedlivoj-czeny-tokena-na-osnove-pribyli-fonda\/","title":{"rendered":"\u0424\u043e\u0440\u043c\u0443\u043b\u0430 \u0434\u043b\u044f \u0440\u0430\u0441\u0447\u0435\u0442\u0430 \u0441\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u043e\u0439 \u0446\u0435\u043d\u044b \u0442\u043e\u043a\u0435\u043d\u0430 \u043d\u0430 \u043e\u0441\u043d\u043e\u0432\u0435 \u043f\u0440\u0438\u0431\u044b\u043b\u0438 \u0444\u043e\u043d\u0434\u0430"},"content":{"rendered":"<p class=\"ds-markdown-paragraph\"><strong><span class=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2729 aligncenter\" src=\"https:\/\/cryptotrust.one\/wp-content\/uploads\/2026\/06\/formula-dlya-rascheta-spravedlivoj-czeny-tokena-na-osnove-pribyli-fonda.jpg\" alt=\"\" width=\"1024\" height=\"1024\" srcset=\"https:\/\/cryptotrust.one\/wp-content\/uploads\/2026\/06\/formula-dlya-rascheta-spravedlivoj-czeny-tokena-na-osnove-pribyli-fonda.jpg 1024w, https:\/\/cryptotrust.one\/wp-content\/uploads\/2026\/06\/formula-dlya-rascheta-spravedlivoj-czeny-tokena-na-osnove-pribyli-fonda-300x300.jpg 300w, https:\/\/cryptotrust.one\/wp-content\/uploads\/2026\/06\/formula-dlya-rascheta-spravedlivoj-czeny-tokena-na-osnove-pribyli-fonda-150x150.jpg 150w, https:\/\/cryptotrust.one\/wp-content\/uploads\/2026\/06\/formula-dlya-rascheta-spravedlivoj-czeny-tokena-na-osnove-pribyli-fonda-768x768.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\u0418\u0434\u0435\u0430\u043b\u044c\u043d\u043e\u0439 \u0444\u043e\u0440\u043c\u0443\u043b\u044b \u043d\u0435 \u0441\u0443\u0449\u0435\u0441\u0442\u0432\u0443\u0435\u0442<\/span><\/strong><span class=\"\">\u00a0\u2014 \u0446\u0435\u043d\u0430 \u0442\u043e\u043a\u0435\u043d\u0430 \u043d\u0430 \u0431\u0438\u0440\u0436\u0435 \u0432\u0441\u0435\u0433\u0434\u0430 \u0437\u0430\u0432\u0438\u0441\u0438\u0442 \u043e\u0442 \u044d\u043c\u043e\u0446\u0438\u0439 \u0440\u044b\u043d\u043a\u0430. \u041d\u043e \u0435\u0441\u0442\u044c\u00a0<\/span><strong><span class=\"\">\u0444\u0443\u043d\u0434\u0430\u043c\u0435\u043d\u0442\u0430\u043b\u044c\u043d\u0430\u044f (\u0441\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u0430\u044f) \u043e\u0446\u0435\u043d\u043a\u0430<\/span><\/strong><span class=\"\">, \u043a\u043e\u0442\u043e\u0440\u0443\u044e \u0438\u0441\u043f\u043e\u043b\u044c\u0437\u0443\u044e\u0442 \u043f\u0440\u043e\u0444\u0435\u0441\u0441\u0438\u043e\u043d\u0430\u043b\u044c\u043d\u044b\u0435 \u0438\u043d\u0432\u0435\u0441\u0442\u043e\u0440\u044b, \u0447\u0442\u043e\u0431\u044b \u043f\u043e\u043d\u044f\u0442\u044c:\u00a0<\/span><em><span class=\"\">\u0442\u043e\u043a\u0435\u043d \u043f\u0435\u0440\u0435\u043e\u0446\u0435\u043d\u0435\u043d \u0438\u043b\u0438 \u043d\u0435\u0434\u043e\u043e\u0446\u0435\u043d\u0435\u043d?<\/span><\/em><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u042f \u043f\u043e\u043a\u0430\u0436\u0443 \u0432\u0430\u043c\u00a0<\/span><strong><span class=\"\">3 \u0443\u0440\u043e\u0432\u043d\u044f \u0444\u043e\u0440\u043c\u0443\u043b<\/span><\/strong><span class=\"\">\u00a0\u2014 \u043e\u0442 \u043f\u0440\u043e\u0441\u0442\u043e\u0439 (\u0434\u043b\u044f \u0441\u0442\u0430\u0440\u0442\u0430\u043f\u043e\u0432) \u0434\u043e \u0441\u043b\u043e\u0436\u043d\u043e\u0439 (\u0434\u043b\u044f \u043a\u0440\u0443\u043f\u043d\u044b\u0445 \u0445\u0435\u0434\u0436-\u0444\u043e\u043d\u0434\u043e\u0432).<\/span><\/p>\n<hr \/>\n<h2><span class=\"\">\u0423\u0440\u043e\u0432\u0435\u043d\u044c 1. \u0411\u0430\u0437\u043e\u0432\u0430\u044f \u0444\u043e\u0440\u043c\u0443\u043b\u0430 (P\/E \u2014 \u0430\u043d\u0430\u043b\u043e\u0433 \u0444\u043e\u043d\u0434\u043e\u0432\u043e\u0433\u043e \u0440\u044b\u043d\u043a\u0430)<\/span><\/h2>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u042d\u0442\u043e \u0441\u0430\u043c\u0430\u044f \u043f\u043e\u043f\u0443\u043b\u044f\u0440\u043d\u0430\u044f \u0444\u043e\u0440\u043c\u0443\u043b\u0430. \u041e\u043d\u0430 \u043e\u0442\u0432\u0435\u0447\u0430\u0435\u0442 \u043d\u0430 \u0432\u043e\u043f\u0440\u043e\u0441:\u00a0<\/span><strong><span class=\"\">\u00ab\u0417\u0430 \u0441\u043a\u043e\u043b\u044c\u043a\u043e \u043b\u0435\u0442 \u0442\u043e\u043a\u0435\u043d \u043e\u043a\u0443\u043f\u0438\u0442 \u0441\u0435\u0431\u044f \u0437\u0430 \u0441\u0447\u0435\u0442 \u043f\u0440\u0438\u0431\u044b\u043b\u0438 \u0444\u043e\u043d\u0434\u0430?\u00bb<\/span><\/strong><\/p>\n<h3><span class=\"\">\u0424\u043e\u0440\u043c\u0443\u043b\u0430:<\/span><\/h3>\n<blockquote>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">\u0421\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u0430\u044f \u0446\u0435\u043d\u0430 = (\u041f\u0440\u0438\u0431\u044b\u043b\u044c \u0444\u043e\u043d\u0434\u0430 \u0437\u0430 \u0433\u043e\u0434 \u00f7 \u041e\u0431\u0449\u0435\u0435 \u043a\u043e\u043b\u0438\u0447\u0435\u0441\u0442\u0432\u043e \u0442\u043e\u043a\u0435\u043d\u043e\u0432) \u00d7 \u041a\u043e\u044d\u0444\u0444\u0438\u0446\u0438\u0435\u043d\u0442 P\/E<\/span><\/strong><\/p>\n<\/blockquote>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0413\u0434\u0435:<\/span><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">\u041f\u0440\u0438\u0431\u044b\u043b\u044c \u0444\u043e\u043d\u0434\u0430 \u0437\u0430 \u0433\u043e\u0434<\/span><\/strong><span class=\"\">\u00a0\u2014 \u0440\u0435\u0430\u043b\u044c\u043d\u044b\u0439 \u0437\u0430\u0440\u0430\u0431\u043e\u0442\u043e\u043a \u0432 \u0441\u0442\u0435\u0439\u0431\u043b\u043a\u043e\u0438\u043d\u0430\u0445 (USDC) \u043e\u0442 \u0442\u0440\u0435\u0439\u0434\u0438\u043d\u0433\u0430, \u0441\u0442\u0435\u0439\u043a\u0438\u043d\u0433\u0430 \u0438\u043b\u0438 \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u0439.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">\u041e\u0431\u0449\u0435\u0435 \u043a\u043e\u043b\u0438\u0447\u0435\u0441\u0442\u0432\u043e \u0442\u043e\u043a\u0435\u043d\u043e\u0432<\/span><\/strong><span class=\"\">\u00a0\u2014 \u0446\u0438\u0440\u043a\u0443\u043b\u0438\u0440\u0443\u044e\u0449\u0435\u0435 \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u0435 (\u0432 \u043e\u0431\u0440\u0430\u0449\u0435\u043d\u0438\u0438).<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">P\/E (Price-to-Earnings)<\/span><\/strong><span class=\"\">\u00a0\u2014 \u043c\u0443\u043b\u044c\u0442\u0438\u043f\u043b\u0438\u043a\u0430\u0442\u043e\u0440, \u043a\u043e\u0442\u043e\u0440\u044b\u0439 \u043f\u043e\u043a\u0430\u0437\u044b\u0432\u0430\u0435\u0442, \u0441\u043a\u043e\u043b\u044c\u043a\u043e \u043b\u0435\u0442 \u0438\u043d\u0432\u0435\u0441\u0442\u043e\u0440 \u0433\u043e\u0442\u043e\u0432 \u0436\u0434\u0430\u0442\u044c \u043e\u043a\u0443\u043f\u0430\u0435\u043c\u043e\u0441\u0442\u0438.<\/span><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0414\u043b\u044f \u043a\u0440\u0438\u043f\u0442\u043e\u0444\u043e\u043d\u0434\u043e\u0432 \u043d\u043e\u0440\u043c\u0430\u043b\u044c\u043d\u044b\u0439 P\/E =\u00a0<\/span><strong><span class=\"\">\u043e\u0442 5 \u0434\u043e 15<\/span><\/strong><span class=\"\">\u00a0(\u0432 \u0437\u0430\u0432\u0438\u0441\u0438\u043c\u043e\u0441\u0442\u0438 \u043e\u0442 \u0440\u0438\u0441\u043a\u0430).<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0423 \u0430\u0433\u0440\u0435\u0441\u0441\u0438\u0432\u043d\u044b\u0445 \u0444\u043e\u043d\u0434\u043e\u0432 P\/E \u043d\u0438\u0436\u0435 (5\u20137), \u0443 \u043a\u043e\u043d\u0441\u0435\u0440\u0432\u0430\u0442\u0438\u0432\u043d\u044b\u0445 \u2014 \u0432\u044b\u0448\u0435 (10\u201315).<\/span><\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<hr \/>\n<h3><span class=\"\">\u0416\u0438\u0432\u043e\u0439 \u043f\u0440\u0438\u043c\u0435\u0440:<\/span><\/h3>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0414\u043e\u043f\u0443\u0441\u0442\u0438\u043c, \u0444\u043e\u043d\u0434\u00a0<\/span><strong><span class=\"\">\u00abAlpha Capital\u00bb<\/span><\/strong><span class=\"\">:<\/span><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0417\u0430\u0440\u0430\u0431\u043e\u0442\u0430\u043b \u0437\u0430 \u0433\u043e\u0434\u00a0<\/span><strong><span class=\"\">$10 \u043c\u043b\u043d<\/span><\/strong><span class=\"\">\u00a0\u0447\u0438\u0441\u0442\u043e\u0439 \u043f\u0440\u0438\u0431\u044b\u043b\u0438.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0412\u044b\u043f\u0443\u0441\u0442\u0438\u043b\u00a0<\/span><strong><span class=\"\">10 \u043c\u043b\u043d \u0442\u043e\u043a\u0435\u043d\u043e\u0432<\/span><\/strong><span class=\"\">\u00a0(\u0432\u0441\u0435 \u0432 \u043e\u0431\u0440\u0430\u0449\u0435\u043d\u0438\u0438).<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0420\u044b\u043d\u043e\u043a \u0441\u0447\u0438\u0442\u0430\u0435\u0442 \u044d\u0442\u043e\u0442 \u0444\u043e\u043d\u0434 \u043d\u0430\u0434\u0435\u0436\u043d\u044b\u043c \u0438 \u0434\u0430\u0435\u0442 \u0435\u043c\u0443 P\/E =\u00a0<\/span><strong><span class=\"\">10<\/span><\/strong><span class=\"\">.<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0421\u0447\u0438\u0442\u0430\u0435\u043c:<\/span><\/p>\n<ol start=\"1\">\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u041f\u0440\u0438\u0431\u044b\u043b\u044c \u043d\u0430 1 \u0442\u043e\u043a\u0435\u043d = $10 000 000 \u00f7 10 000 000 = **$1**.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0421\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u0430\u044f \u0446\u0435\u043d\u0430 = $1 \u00d7 10 = **$10**.<\/span><\/p>\n<\/li>\n<\/ol>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">\u0412\u044b\u0432\u043e\u0434:<\/span><\/strong><span class=\"\">\u00a0\u0415\u0441\u043b\u0438 \u0442\u043e\u043a\u0435\u043d \u0442\u043e\u0440\u0433\u0443\u0435\u0442\u0441\u044f \u043d\u0430 \u0431\u0438\u0440\u0436\u0435 \u043f\u043e $7 \u2014 \u043e\u043d \u043d\u0435\u0434\u043e\u043e\u0446\u0435\u043d\u0435\u043d (\u043f\u043e\u043a\u0443\u043f\u0430\u0435\u043c). \u0415\u0441\u043b\u0438 \u043f\u043e $15 \u2014 \u043f\u0435\u0440\u0435\u043e\u0446\u0435\u043d\u0435\u043d (\u043f\u0440\u043e\u0434\u0430\u0435\u043c).<\/span><\/p>\n<hr \/>\n<h2><span class=\"\">\u0423\u0440\u043e\u0432\u0435\u043d\u044c 2. \u0424\u043e\u0440\u043c\u0443\u043b\u0430 \u0441 \u0443\u0447\u0435\u0442\u043e\u043c \u0441\u0436\u0438\u0433\u0430\u043d\u0438\u044f (Buy-Back &amp; Burn)<\/span><\/h2>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u042d\u0442\u0430 \u0444\u043e\u0440\u043c\u0443\u043b\u0430 \u0441\u043b\u043e\u0436\u043d\u0435\u0435, \u043f\u043e\u0442\u043e\u043c\u0443 \u0447\u0442\u043e \u043e\u043d\u0430 \u0443\u0447\u0438\u0442\u044b\u0432\u0430\u0435\u0442, \u0447\u0442\u043e\u00a0<\/span><strong><span class=\"\">\u043a\u043e\u043b\u0438\u0447\u0435\u0441\u0442\u0432\u043e \u0442\u043e\u043a\u0435\u043d\u043e\u0432 \u043f\u043e\u0441\u0442\u043e\u044f\u043d\u043d\u043e \u0443\u043c\u0435\u043d\u044c\u0448\u0430\u0435\u0442\u0441\u044f<\/span><\/strong><span class=\"\">, \u0430 \u043f\u0440\u0438\u0431\u044b\u043b\u044c \u0440\u0430\u0441\u0442\u0435\u0442. \u041e\u043d\u0430 \u043f\u043e\u043a\u0430\u0437\u044b\u0432\u0430\u0435\u0442 \u0446\u0435\u043d\u0443 \u0447\u0435\u0440\u0435\u0437 1 \u0433\u043e\u0434 \u0441 \u0443\u0447\u0435\u0442\u043e\u043c \u0434\u0435\u0444\u043b\u044f\u0446\u0438\u0438.<\/span><\/p>\n<h3><span class=\"\">\u0424\u043e\u0440\u043c\u0443\u043b\u0430:<\/span><\/h3>\n<blockquote>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">\u0426\u0435\u043d\u0430 \u0447\u0435\u0440\u0435\u0437 \u0433\u043e\u0434 = (\u041f\u0440\u0438\u0431\u044b\u043b\u044c \u0432 \u044d\u0442\u043e\u043c \u0433\u043e\u0434\u0443 \u00d7 (1 + \u0422\u0435\u043c\u043f \u0440\u043e\u0441\u0442\u0430 \u043f\u0440\u0438\u0431\u044b\u043b\u0438)) \u00f7 (\u0422\u043e\u043a\u0435\u043d\u044b \u0441\u0435\u0439\u0447\u0430\u0441 \u00d7 (1 \u2014 % \u0441\u0436\u0438\u0433\u0430\u043d\u0438\u044f))<\/span><\/strong><\/p>\n<\/blockquote>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0413\u0434\u0435:<\/span><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">% \u0441\u0436\u0438\u0433\u0430\u043d\u0438\u044f<\/span><\/strong><span class=\"\">\u00a0\u2014 \u0434\u043e\u043b\u044f \u0433\u043e\u0434\u043e\u0432\u043e\u0439 \u043f\u0440\u0438\u0431\u044b\u043b\u0438, \u043a\u043e\u0442\u043e\u0440\u0443\u044e \u0444\u043e\u043d\u0434 \u0442\u0440\u0430\u0442\u0438\u0442 \u043d\u0430 \u0432\u044b\u043a\u0443\u043f \u0438 \u0441\u0436\u0438\u0433\u0430\u043d\u0438\u0435 (\u043d\u0430\u043f\u0440\u0438\u043c\u0435\u0440, 30%).<\/span><\/p>\n<\/li>\n<\/ul>\n<hr \/>\n<h3><span class=\"\">\u0416\u0438\u0432\u043e\u0439 \u043f\u0440\u0438\u043c\u0435\u0440 (\u043f\u0440\u043e\u0434\u043e\u043b\u0436\u0438\u043c \u0441 \u00abAlpha Capital\u00bb):<\/span><\/h3>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0418\u0441\u0445\u043e\u0434\u043d\u044b\u0435 \u0434\u0430\u043d\u043d\u044b\u0435:<\/span><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u041f\u0440\u0438\u0431\u044b\u043b\u044c \u0432 \u044d\u0442\u043e\u043c \u0433\u043e\u0434\u0443 = $10 \u043c\u043b\u043d.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0422\u0435\u043c\u043f \u0440\u043e\u0441\u0442\u0430 \u043f\u0440\u0438\u0431\u044b\u043b\u0438 (\u043f\u0440\u043e\u0433\u043d\u043e\u0437) = 20% \u0432 \u0433\u043e\u0434.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0422\u043e\u043a\u0435\u043d\u043e\u0432 \u0441\u0435\u0439\u0447\u0430\u0441 = 10 \u043c\u043b\u043d.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0424\u043e\u043d\u0434 \u0441\u0436\u0438\u0433\u0430\u0435\u0442 30% \u043e\u0442 \u043f\u0440\u0438\u0431\u044b\u043b\u0438 = $3 \u043c\u043b\u043d \u0442\u0440\u0430\u0442\u0438\u0442 \u043d\u0430 \u0432\u044b\u043a\u0443\u043f \u0442\u043e\u043a\u0435\u043d\u043e\u0432 \u043f\u043e \u0442\u0435\u043a\u0443\u0449\u0435\u0439 \u0446\u0435\u043d\u0435 $10.<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0421\u043d\u0430\u0447\u0430\u043b\u0430 \u0441\u0447\u0438\u0442\u0430\u0435\u043c, \u0441\u043a\u043e\u043b\u044c\u043a\u043e \u0442\u043e\u043a\u0435\u043d\u043e\u0432 \u0431\u0443\u0434\u0435\u0442 \u0441\u043e\u0436\u0436\u0435\u043d\u043e:<\/span><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u041f\u043e \u0446\u0435\u043d\u0435 $10 \u0444\u043e\u043d\u0434 \u043a\u0443\u043f\u0438\u0442: $3 000 000 \u00f7 $10 =\u00a0<\/span><strong><span class=\"\">300 000 \u0442\u043e\u043a\u0435\u043d\u043e\u0432<\/span><\/strong><span class=\"\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u041e\u0441\u0442\u0430\u043d\u0435\u0442\u0441\u044f \u0432 \u043e\u0431\u0440\u0430\u0449\u0435\u043d\u0438\u0438: 10 000 000 \u2212 300 000 =\u00a0<\/span><strong><span class=\"\">9 700 000 \u0442\u043e\u043a\u0435\u043d\u043e\u0432<\/span><\/strong><span class=\"\">.<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0422\u0435\u043f\u0435\u0440\u044c \u0441\u0447\u0438\u0442\u0430\u0435\u043c \u043f\u0440\u0438\u0431\u044b\u043b\u044c \u0447\u0435\u0440\u0435\u0437 \u0433\u043e\u0434:<\/span><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">$10 000 000 \u00d7 1.20 = **$12 000 000**.<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0421\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u0430\u044f \u0446\u0435\u043d\u0430 \u0447\u0435\u0440\u0435\u0437 \u0433\u043e\u0434:<\/span><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">$12 000 000 \u00f7 9 700 000 = **$1.237** \u043f\u0440\u0438\u0431\u044b\u043b\u0438 \u043d\u0430 \u0442\u043e\u043a\u0435\u043d.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0423\u043c\u043d\u043e\u0436\u0430\u0435\u043c \u043d\u0430 \u0442\u043e\u0442 \u0436\u0435 P\/E (10) =\u00a0<\/span><strong><span class=\"\">$12.37<\/span><\/strong><span class=\"\">.<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">\u0412\u044b\u0432\u043e\u0434:<\/span><\/strong><span class=\"\">\u00a0\u0414\u0430\u0436\u0435 \u0431\u0435\u0437 \u0440\u043e\u0441\u0442\u0430 \u0440\u044b\u043d\u043a\u0430, \u0442\u043e\u043b\u044c\u043a\u043e \u0437\u0430 \u0441\u0447\u0435\u0442 \u0441\u0436\u0438\u0433\u0430\u043d\u0438\u044f \u0438 \u0440\u043e\u0441\u0442\u0430 \u043f\u0440\u0438\u0431\u044b\u043b\u0438, \u0446\u0435\u043d\u0430 \u0434\u043e\u043b\u0436\u043d\u0430 \u0432\u044b\u0440\u0430\u0441\u0442\u0438 \u0441 $10 \u0434\u043e $12.37 (+23.7% \u0433\u043e\u0434\u043e\u0432\u044b\u0445).<\/span><\/p>\n<hr \/>\n<h2><span class=\"\">\u0423\u0440\u043e\u0432\u0435\u043d\u044c 3. \u0421\u0430\u043c\u0430\u044f \u0441\u043b\u043e\u0436\u043d\u0430\u044f \u0444\u043e\u0440\u043c\u0443\u043b\u0430 (NAV + P\/B \u2014 \u0434\u043b\u044f \u0444\u043e\u043d\u0434\u043e\u0432 \u0441 \u0440\u0435\u0430\u043b\u044c\u043d\u044b\u043c\u0438 \u0430\u043a\u0442\u0438\u0432\u0430\u043c\u0438)<\/span><\/h2>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0415\u0441\u043b\u0438 \u0444\u043e\u043d\u0434 \u043d\u0435 \u043f\u0440\u043e\u0441\u0442\u043e \u0442\u0440\u0435\u0439\u0434\u0438\u0442, \u0430 \u0432\u043b\u0430\u0434\u0435\u0435\u0442 \u0440\u0435\u0430\u043b\u044c\u043d\u044b\u043c\u0438 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430\u043c\u0438, \u0430\u043a\u0446\u0438\u044f\u043c\u0438 \u0438\u043b\u0438 \u043d\u0435\u0434\u0432\u0438\u0436\u0438\u043c\u043e\u0441\u0442\u044c\u044e (\u0432\u0435\u043d\u0447\u0443\u0440\u043d\u044b\u0435 \u0444\u043e\u043d\u0434\u044b), \u0438\u0441\u043f\u043e\u043b\u044c\u0437\u0443\u044e\u0442 \u0444\u043e\u0440\u043c\u0443\u043b\u0443\u00a0<\/span><strong><span class=\"\">\u00ab\u0421\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u044c \u0447\u0438\u0441\u0442\u044b\u0445 \u0430\u043a\u0442\u0438\u0432\u043e\u0432\u00bb (NAV)<\/span><\/strong><span class=\"\">.<\/span><\/p>\n<h3><span class=\"\">\u0424\u043e\u0440\u043c\u0443\u043b\u0430:<\/span><\/h3>\n<blockquote>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">\u0421\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u0430\u044f \u0446\u0435\u043d\u0430 = (\u0421\u0443\u043c\u043c\u0430 \u0432\u0441\u0435\u0445 \u0430\u043a\u0442\u0438\u0432\u043e\u0432 \u0444\u043e\u043d\u0434\u0430 \u2014 \u0414\u043e\u043b\u0433\u0438) \u00f7 \u041a\u043e\u043b\u0438\u0447\u0435\u0441\u0442\u0432\u043e \u0442\u043e\u043a\u0435\u043d\u043e\u0432 \u00d7 (1 + \u041f\u0440\u0435\u043c\u0438\u044f \u0437\u0430 \u0443\u043f\u0440\u0430\u0432\u043b\u0435\u043d\u0438\u0435)<\/span><\/strong><\/p>\n<\/blockquote>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0413\u0434\u0435\u00a0<\/span><strong><span class=\"\">\u043f\u0440\u0435\u043c\u0438\u044f \u0437\u0430 \u0443\u043f\u0440\u0430\u0432\u043b\u0435\u043d\u0438\u0435<\/span><\/strong><span class=\"\">\u00a0\u2014 \u044d\u0442\u043e \u043a\u043e\u044d\u0444\u0444\u0438\u0446\u0438\u0435\u043d\u0442 \u043e\u0442 0.8 \u0434\u043e 1.5. \u041e\u043d \u043f\u043e\u043a\u0430\u0437\u044b\u0432\u0430\u0435\u0442, \u0433\u043e\u0442\u043e\u0432\u044b \u043b\u0438 \u0438\u043d\u0432\u0435\u0441\u0442\u043e\u0440\u044b \u043f\u043b\u0430\u0442\u0438\u0442\u044c \u0441\u0432\u0435\u0440\u0445 \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u0438 \u0430\u043a\u0442\u0438\u0432\u043e\u0432 \u0437\u0430 \u0442\u0430\u043b\u0430\u043d\u0442 \u0443\u043f\u0440\u0430\u0432\u043b\u044f\u044e\u0449\u0438\u0445.<\/span><\/p>\n<hr \/>\n<h3><span class=\"\">\u0416\u0438\u0432\u043e\u0439 \u043f\u0440\u0438\u043c\u0435\u0440:<\/span><\/h3>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0424\u043e\u043d\u0434\u00a0<\/span><strong><span class=\"\">\u00abVenture BTC\u00bb<\/span><\/strong><span class=\"\">:<\/span><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0414\u0435\u0440\u0436\u0438\u0442 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u0432 \u043d\u0430\u00a0<\/span><strong><span class=\"\">$50 \u043c\u043b\u043d<\/span><\/strong><span class=\"\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0414\u0435\u0440\u0436\u0438\u0442 \u0430\u043a\u0446\u0438\u0439 \u0441\u0442\u0430\u0440\u0442\u0430\u043f\u043e\u0432 \u043d\u0430\u00a0<\/span><strong><span class=\"\">$30 \u043c\u043b\u043d<\/span><\/strong><span class=\"\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0418\u043c\u0435\u0435\u0442 \u0434\u043e\u043b\u0433\u043e\u0432 (\u043a\u0440\u0435\u0434\u0438\u0442\u043e\u0432) \u043d\u0430\u00a0<\/span><strong><span class=\"\">$10 \u043c\u043b\u043d<\/span><\/strong><span class=\"\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0418\u0442\u043e\u0433\u043e \u0447\u0438\u0441\u0442\u044b\u0445 \u0430\u043a\u0442\u0438\u0432\u043e\u0432 = $50 + $30 \u2212 $10 = **$70 \u043c\u043b\u043d**.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u041a\u043e\u043b\u0438\u0447\u0435\u0441\u0442\u0432\u043e \u0442\u043e\u043a\u0435\u043d\u043e\u0432 =\u00a0<\/span><strong><span class=\"\">7 \u043c\u043b\u043d<\/span><\/strong><span class=\"\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0423\u043f\u0440\u0430\u0432\u043b\u044f\u044e\u0449\u0438\u0435 \u2014 \u0437\u0432\u0435\u0437\u0434\u043d\u044b\u0435 \u0442\u0440\u0435\u0439\u0434\u0435\u0440\u044b, \u043f\u043e\u044d\u0442\u043e\u043c\u0443 \u0440\u044b\u043d\u043e\u043a \u0434\u0430\u0435\u0442 \u043f\u0440\u0435\u043c\u0438\u044e\u00a0<\/span><strong><span class=\"\">1.2<\/span><\/strong><span class=\"\">\u00a0(\u0433\u043e\u0442\u043e\u0432\u044b \u043f\u043b\u0430\u0442\u0438\u0442\u044c \u043d\u0430 20% \u0432\u044b\u0448\u0435 \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u0438 \u0430\u043a\u0442\u0438\u0432\u043e\u0432).<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0421\u0447\u0438\u0442\u0430\u0435\u043c:<\/span><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0411\u0430\u0437\u043e\u0432\u0430\u044f \u0446\u0435\u043d\u0430 = $70 000 000 \u00f7 7 000 000 = **$10**.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0421\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u0430\u044f \u0446\u0435\u043d\u0430 = $10 \u00d7 1.2 = **$12**.<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">\u0412\u044b\u0432\u043e\u0434:<\/span><\/strong><span class=\"\">\u00a0\u0415\u0441\u043b\u0438 \u0442\u043e\u043a\u0435\u043d \u0441\u0442\u043e\u0438\u0442 $9 \u2014 \u044d\u0442\u043e \u0434\u0438\u0441\u043a\u043e\u043d\u0442 \u043a \u0430\u043a\u0442\u0438\u0432\u0430\u043c (\u043f\u043e\u043a\u0443\u043f\u0430\u0435\u043c, \u043f\u043e\u0442\u043e\u043c\u0443 \u0447\u0442\u043e \u0444\u0430\u043a\u0442\u0438\u0447\u0435\u0441\u043a\u0438 \u043f\u043e\u043a\u0443\u043f\u0430\u0435\u043c \u0431\u0438\u0442\u043a\u043e\u0438\u043d \u0434\u0435\u0448\u0435\u0432\u043b\u0435 \u0440\u044b\u043d\u043a\u0430). \u0415\u0441\u043b\u0438 $15 \u2014 \u043f\u0435\u0440\u0435\u043f\u043b\u0430\u0442\u0430 \u0437\u0430 \u0438\u043c\u044f \u0443\u043f\u0440\u0430\u0432\u043b\u044f\u044e\u0449\u0438\u0445.<\/span><\/p>\n<hr \/>\n<h2><span class=\"\">\u0421\u0435\u043a\u0440\u0435\u0442\u043d\u0430\u044f \u043f\u043e\u043f\u0440\u0430\u0432\u043a\u0430 (\u043d\u0430 \u043f\u0440\u0430\u043a\u0442\u0438\u043a\u0435)<\/span><\/h2>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u041f\u0440\u043e\u0444\u0435\u0441\u0441\u0438\u043e\u043d\u0430\u043b\u044b \u0432\u0441\u0435\u0433\u0434\u0430 \u0434\u043e\u0431\u0430\u0432\u043b\u044f\u044e\u0442\u00a0<\/span><strong><span class=\"\">\u043a\u043e\u044d\u0444\u0444\u0438\u0446\u0438\u0435\u043d\u0442 \u043b\u0438\u043a\u0432\u0438\u0434\u043d\u043e\u0441\u0442\u0438<\/span><\/strong><span class=\"\">:<\/span><\/p>\n<blockquote>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">\u0418\u0442\u043e\u0433\u043e\u0432\u0430\u044f \u0446\u0435\u043d\u0430 = \u0420\u0430\u0441\u0447\u0435\u0442\u043d\u0430\u044f \u0446\u0435\u043d\u0430 \u00d7 (1 \u2212 \u0420\u0438\u0441\u043a \u043d\u0435\u043b\u0438\u043a\u0432\u0438\u0434\u043d\u043e\u0441\u0442\u0438)<\/span><\/strong><\/p>\n<\/blockquote>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0415\u0441\u043b\u0438 \u0444\u043e\u043d\u0434 \u0442\u043e\u0440\u0433\u0443\u0435\u0442 \u0440\u0435\u0434\u043a\u0438\u043c\u0438 \u0430\u043a\u0442\u0438\u0432\u0430\u043c\u0438 (\u043d\u0430\u043f\u0440\u0438\u043c\u0435\u0440, \u0442\u043e\u043a\u0435\u043d\u0430\u043c\u0438 \u0441\u0442\u0430\u0440\u0442\u0430\u043f\u043e\u0432, \u043a\u043e\u0442\u043e\u0440\u044b\u0435 \u043d\u0435\u043b\u044c\u0437\u044f \u0431\u044b\u0441\u0442\u0440\u043e \u043f\u0440\u043e\u0434\u0430\u0442\u044c), \u0446\u0435\u043d\u0430 \u0441\u043d\u0438\u0436\u0430\u0435\u0442\u0441\u044f \u043d\u0430 20\u201340%. \u0415\u0441\u043b\u0438 \u0444\u043e\u043d\u0434 \u0442\u043e\u0440\u0433\u0443\u0435\u0442 \u0442\u043e\u043b\u044c\u043a\u043e \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u043c \u0438 \u044d\u0444\u0438\u0440\u043e\u043c \u2014 \u0440\u0438\u0441\u043a \u043c\u0438\u043d\u0438\u043c\u0430\u043b\u0435\u043d (\u0441\u043a\u0438\u0434\u043a\u0430 0\u20135%).<\/span><\/p>\n<hr \/>\n<h2><span class=\"\">\u041a\u0430\u043a \u043f\u0440\u0438\u043c\u0435\u043d\u0438\u0442\u044c \u044d\u0442\u043e \u043a \u043b\u044e\u0431\u043e\u043c\u0443 \u0444\u043e\u043d\u0434\u0443 (\u043f\u043e\u0448\u0430\u0433\u043e\u0432\u044b\u0439 \u0447\u0435\u043a-\u043b\u0438\u0441\u0442)<\/span><\/h2>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0427\u0442\u043e\u0431\u044b \u0432\u044b \u043d\u0435 \u0437\u0430\u043f\u0443\u0442\u0430\u043b\u0438\u0441\u044c, \u0432\u043e\u0442 \u0430\u043b\u0433\u043e\u0440\u0438\u0442\u043c:<\/span><\/p>\n<ol start=\"1\">\n<li>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">\u041d\u0430\u0439\u0434\u0438\u0442\u0435 \u043e\u0442\u0447\u0435\u0442 \u0444\u043e\u043d\u0434\u0430<\/span><\/strong><span class=\"\">\u00a0(\u043e\u0431\u044b\u0447\u043d\u043e \u043d\u0430\u0437\u044b\u0432\u0430\u044e\u0442 \u00abMonthly Performance Report\u00bb) \u2014 \u0442\u0430\u043c \u0435\u0441\u0442\u044c \u0446\u0438\u0444\u0440\u0430\u00a0<\/span><strong><span class=\"\">AUM (Assets Under Management)<\/span><\/strong><span class=\"\">\u00a0\u0438\u00a0<\/span><strong><span class=\"\">\u043f\u0440\u0438\u0431\u044b\u043b\u044c \u0437\u0430 \u0433\u043e\u0434<\/span><\/strong><span class=\"\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">\u0423\u0437\u043d\u0430\u0439\u0442\u0435 \u0446\u0438\u0440\u043a\u0443\u043b\u0438\u0440\u0443\u044e\u0449\u0435\u0435 \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u0435<\/span><\/strong><span class=\"\">\u00a0\u0442\u043e\u043a\u0435\u043d\u0430 (\u0434\u0430\u043d\u043d\u044b\u0435 \u043d\u0430 CoinMarketCap \u0438\u043b\u0438 Etherscan).<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">\u041f\u043e\u0441\u0447\u0438\u0442\u0430\u0439\u0442\u0435 \u043f\u0440\u0438\u0431\u044b\u043b\u044c \u043d\u0430 1 \u0442\u043e\u043a\u0435\u043d<\/span><\/strong><span class=\"\">\u00a0(PnL per token).<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">\u0412\u044b\u0431\u0435\u0440\u0438\u0442\u0435 P\/E<\/span><\/strong><span class=\"\">:<\/span><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0414\u043b\u044f DeFi-\u0444\u043e\u043d\u0434\u043e\u0432 (\u0432\u044b\u0441\u043e\u043a\u0438\u0439 \u0440\u0438\u0441\u043a) \u2014 \u0431\u0435\u0440\u0438\u0442\u0435\u00a0<\/span><strong><span class=\"\">5\u20137<\/span><\/strong><span class=\"\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0414\u043b\u044f \u0441\u043c\u0435\u0448\u0430\u043d\u043d\u044b\u0445 (\u043a\u0440\u0438\u043f\u0442\u0430 + \u0430\u043a\u0446\u0438\u0438) \u2014 \u0431\u0435\u0440\u0438\u0442\u0435\u00a0<\/span><strong><span class=\"\">8\u201312<\/span><\/strong><span class=\"\">.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0414\u043b\u044f \u043a\u043e\u043d\u0441\u0435\u0440\u0432\u0430\u0442\u0438\u0432\u043d\u044b\u0445 (\u0441\u0442\u0435\u0439\u043a\u0438\u043d\u0433 + \u043e\u0431\u043b\u0438\u0433\u0430\u0446\u0438\u0438) \u2014 \u0431\u0435\u0440\u0438\u0442\u0435\u00a0<\/span><strong><span class=\"\">12\u201315<\/span><\/strong><span class=\"\">.<\/span><\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">\u0421\u0440\u0430\u0432\u043d\u0438\u0442\u0435<\/span><\/strong><span class=\"\">\u00a0\u0441 \u0442\u0435\u043a\u0443\u0449\u0435\u0439 \u0440\u044b\u043d\u043e\u0447\u043d\u043e\u0439 \u0446\u0435\u043d\u043e\u0439.<\/span><\/p>\n<\/li>\n<\/ol>\n<hr \/>\n<h2><span class=\"\">\u0412\u0430\u0436\u043d\u043e\u0435 \u043f\u0440\u0435\u0434\u043e\u0441\u0442\u0435\u0440\u0435\u0436\u0435\u043d\u0438\u0435 (\u043d\u0430 \u0447\u0435\u043c \u0433\u043e\u0440\u044f\u0442 \u043d\u043e\u0432\u0438\u0447\u043a\u0438)<\/span><\/h2>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0424\u043e\u0440\u043c\u0443\u043b\u0430 \u0440\u0430\u0431\u043e\u0442\u0430\u0435\u0442\u00a0<\/span><strong><span class=\"\">\u0442\u043e\u043b\u044c\u043a\u043e \u0435\u0441\u043b\u0438 \u043f\u0440\u0438\u0431\u044b\u043b\u044c \u0444\u043e\u043d\u0434\u0430 \u0440\u0435\u0430\u043b\u044c\u043d\u0430 \u0438 \u0430\u0443\u0434\u0438\u0440\u043e\u0432\u0430\u043d\u0430<\/span><\/strong><span class=\"\">.<\/span><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0415\u0441\u043b\u0438 \u0444\u043e\u043d\u0434 \u043f\u0438\u0448\u0435\u0442:\u00a0<\/span><em><span class=\"\">\u00ab\u041c\u044b \u0437\u0430\u0440\u0430\u0431\u043e\u0442\u0430\u043b\u0438 $10 \u043c\u043b\u043d\u00bb<\/span><\/em><span class=\"\">, \u043d\u043e \u043d\u0435 \u043f\u043e\u043a\u0430\u0437\u044b\u0432\u0430\u0435\u0442 \u043a\u043e\u0448\u0435\u043b\u044c\u043a\u0438 \u0441 Proof of Reserves \u2014\u00a0<\/span><strong><span class=\"\">\u0444\u043e\u0440\u043c\u0443\u043b\u0430 \u0431\u0435\u0441\u043f\u043e\u043b\u0435\u0437\u043d\u0430<\/span><\/strong><span class=\"\">. \u0426\u0438\u0444\u0440\u044b \u043c\u043e\u0433\u0443\u0442 \u0431\u044b\u0442\u044c \u043d\u0430\u0440\u0438\u0441\u043e\u0432\u0430\u043d\u044b.<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">\u0415\u0441\u043b\u0438 \u0444\u043e\u043d\u0434 \u0431\u0435\u0440\u0435\u0442 P\/E = 50 (\u043a\u0430\u043a \u0443 Amazon) \u2014 \u044d\u0442\u043e \u043f\u0443\u0437\u044b\u0440\u044c. \u0412 \u043a\u0440\u0438\u043f\u0442\u0435 \u0434\u043e\u043b\u0433\u043e\u0441\u0440\u043e\u0447\u043d\u043e P\/E \u0432\u044b\u0448\u0435 15 \u0434\u0435\u0440\u0436\u0430\u0442\u044c\u0441\u044f \u043d\u0435 \u043c\u043e\u0436\u0435\u0442.<\/span><\/p>\n<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>\u0418\u0434\u0435\u0430\u043b\u044c\u043d\u043e\u0439 \u0444\u043e\u0440\u043c\u0443\u043b\u044b \u043d\u0435 \u0441\u0443\u0449\u0435\u0441\u0442\u0432\u0443\u0435\u0442\u00a0\u2014 \u0446\u0435\u043d\u0430 \u0442\u043e\u043a\u0435\u043d\u0430 \u043d\u0430 \u0431\u0438\u0440\u0436\u0435 \u0432\u0441\u0435\u0433\u0434\u0430 \u0437\u0430\u0432\u0438\u0441\u0438\u0442 \u043e\u0442 \u044d\u043c\u043e\u0446\u0438\u0439 \u0440\u044b\u043d\u043a\u0430. \u041d\u043e \u0435\u0441\u0442\u044c\u00a0\u0444\u0443\u043d\u0434\u0430\u043c\u0435\u043d\u0442\u0430\u043b\u044c\u043d\u0430\u044f (\u0441\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u0430\u044f) \u043e\u0446\u0435\u043d\u043a\u0430, \u043a\u043e\u0442\u043e\u0440\u0443\u044e \u0438\u0441\u043f\u043e\u043b\u044c\u0437\u0443\u044e\u0442 \u043f\u0440\u043e\u0444\u0435\u0441\u0441\u0438\u043e\u043d\u0430\u043b\u044c\u043d\u044b\u0435 \u0438\u043d\u0432\u0435\u0441\u0442\u043e\u0440\u044b, \u0447\u0442\u043e\u0431\u044b \u043f\u043e\u043d\u044f\u0442\u044c:\u00a0\u0442\u043e\u043a\u0435\u043d \u043f\u0435\u0440\u0435\u043e\u0446\u0435\u043d\u0435\u043d \u0438\u043b\u0438 \u043d\u0435\u0434\u043e\u043e\u0446\u0435\u043d\u0435\u043d? \u042f \u043f\u043e\u043a\u0430\u0436\u0443 \u0432\u0430\u043c\u00a03 \u0443\u0440\u043e\u0432\u043d\u044f \u0444\u043e\u0440\u043c\u0443\u043b\u00a0\u2014 \u043e\u0442 \u043f\u0440\u043e\u0441\u0442\u043e\u0439 (\u0434\u043b\u044f \u0441\u0442\u0430\u0440\u0442\u0430\u043f\u043e\u0432) \u0434\u043e \u0441\u043b\u043e\u0436\u043d\u043e\u0439 (\u0434\u043b\u044f \u043a\u0440\u0443\u043f\u043d\u044b\u0445 \u0445\u0435\u0434\u0436-\u0444\u043e\u043d\u0434\u043e\u0432). \u0423\u0440\u043e\u0432\u0435\u043d\u044c 1. \u0411\u0430\u0437\u043e\u0432\u0430\u044f \u0444\u043e\u0440\u043c\u0443\u043b\u0430 (P\/E \u2014 \u0430\u043d\u0430\u043b\u043e\u0433 \u0444\u043e\u043d\u0434\u043e\u0432\u043e\u0433\u043e \u0440\u044b\u043d\u043a\u0430) \u042d\u0442\u043e \u0441\u0430\u043c\u0430\u044f \u043f\u043e\u043f\u0443\u043b\u044f\u0440\u043d\u0430\u044f \u0444\u043e\u0440\u043c\u0443\u043b\u0430. \u041e\u043d\u0430 \u043e\u0442\u0432\u0435\u0447\u0430\u0435\u0442 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-2727","post","type-post","status-publish","format-standard","hentry","category-insights"],"_links":{"self":[{"href":"https:\/\/cryptotrust.one\/en\/wp-json\/wp\/v2\/posts\/2727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptotrust.one\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptotrust.one\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptotrust.one\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptotrust.one\/en\/wp-json\/wp\/v2\/comments?post=2727"}],"version-history":[{"count":2,"href":"https:\/\/cryptotrust.one\/en\/wp-json\/wp\/v2\/posts\/2727\/revisions"}],"predecessor-version":[{"id":2730,"href":"https:\/\/cryptotrust.one\/en\/wp-json\/wp\/v2\/posts\/2727\/revisions\/2730"}],"wp:attachment":[{"href":"https:\/\/cryptotrust.one\/en\/wp-json\/wp\/v2\/media?parent=2727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptotrust.one\/en\/wp-json\/wp\/v2\/categories?post=2727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptotrust.one\/en\/wp-json\/wp\/v2\/tags?post=2727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}