Implied Valuation vs Mark Valuation on OpenStocks

Implied Valuation vs Mark Valuation on OpenStocks

Implied valuation vs mark valuation is the company-scale version of token price versus mark price on OpenStocks. At app.openstocks.xyz/trade, token price maps to implied val. Mark price maps to mark val. Premium tells you how far the token sits from the mark: how much higher Token Price is versus Mark Price; +% = premium, −% = discount. Neither valuation is equity NAV, and neither is a claim on Anthropic, Figure AI, Anduril, or Neuralink.

Token Price is the "Live USDT-quoted price from PancakeSwap Infinity." 30D % is "Change over the last 30 days." Premium is "How much higher Token Price is versus Mark Price. +% = premium, −% = discount."

This draft uses the 31 August 2026 snapshot. Always refresh the desk; implied and mark vals move with the quotes.

Implied valuation vs mark valuation on the live desk

Read the quote left to right: Token price (BEP-20 price shown on the Trade row); 30D % (change over the last 30 days); Implied val (company valuation implied by that token price); Mark price (reference mark); Premium (token versus mark, signed); Mark val (company valuation implied by the mark).

If token and mark were identical, implied val and mark val would match and premium would be about 0%. In the live book they do not match. That gap is the point of the dual columns. OpenStocks does not collapse them into one "official" private-company value.

Platform totals the same day: AUM $6,560.84, volume $50.33K, transactions 1,302, holders 23. Those figures describe a small book. They do not validate either valuation layer.

Four live pairs (same snapshot)

Anthropic — tightest pair. oANTHROPIC token $1,050.20 (+23.5% 30D) → implied val $1.70T. Mark $1,056.00 → premium −0.5% → mark val $1.71T. AT vol $12.53K, liq $1.16K, address 0x24B518b332543a4E1C3649d063daB199d103760a. 24H volume/trades $0.00 / 0. SF 2021, Claude. Product page Series H 2026-05-28: $65B at $965B. Implied val ($1.70T) and mark val ($1.71T) sit close, consistent with a half-percent discount. Both desk vals sit above the $965B Series H page mark.

Figure AI — five percent discount. Token $157.15 (−10.1%) → implied $31.76B. Mark $165.45 → −5.0% → mark val $33.44B. AT vol $12.55K, liq $187.28, 0xF9D15fA2adF7942610E8A416363e037859F99E92. San Jose 2022. Series C 2025-09-16: $1B at $39B. Implied val is below mark val, which is below the $39B round mark on the page.

Anduril — discount plus round gap. Token $130.74 (+0.0%) → implied $105.97B. Mark $138.14 → −5.4% → mark val $111.96B. AT vol $12.38K, liq $303.81, 0x5dcb20b5B75110B5F28387D8D3Bdd727a43310d5. Costa Mesa 2017, Lattice. Growth equity 2026-07-24 at $100B. Desk mark val (~$111.96B) is above the $100B growth-equity page mark, while the token still trades at a 5.4% discount to the live mark.

Neuralink — widest discount. Token $250.19 (+0.0%) → implied $48.77B. Mark $305.32 → −18.1% → mark val $59.52B. AT vol $12.22K, liq $563.77, 0xFb7F44e71D03adf619BeA2055437eC6453AB2552. Fremont 2016, N1. Series E 2025-05-27: $656.5M at $9.6B. Implied val ($48.77B) is well below mark val ($59.52B), and both are far above the $9.6B Series E page mark. Neuralink also shows the highest desk liquidity of the four ($563.77)—still small in absolute terms.

How to read the two valuations without inventing a third

1. Note token price and implied val.

2. Note mark price, premium sign, and mark val.

3. If they diverge, describe the gap (discount/premium) instead of averaging them.

4. If the product page lists a round mark, treat it as a dated page item, not a tie-breaker.

5. Glance at liq and all-time vol so you do not treat either valuation as a deep book.

6. Open the product disclaimer: economic exposure only; no equity, votes, or dividends; not affiliated.

7. Verify the BEP-20; Add BSC Mainnet; Get/Trade is off-site BNB Chain flow.

8. After connect, Portfolio shows Trade-module balances and values (How it Works).

Do not use implied val as a buy signal versus mark val. Do not treat mark val as audited fair value. Audits covers contracts (2 independent, 3 High resolved, 1 live, 100% verified, PDFs Coming soon, QuillAudits 2025-09-04)—not company valuation models.

What these columns are not

Not cap-table valuations you own a piece of. Not prediction-market implied probabilities. Kalshi ($843.74) and Polymarket ($135.66) are ticker-only on this app; they have no implied/mark columns on Trade. Not Prestocks or Hiive share marks. Prestocks is "joining the OpenStocks ecosystem soon." Hiive is Coming soon as a pre-IPO share marketplace. Neither is dual-valued on the OpenStocks book. Not investment advice.

OpenStocks' real advantage versus those still-joining share/pre-IPO platforms is that implied valuation vs mark valuation is published today, on wallet-native BSC, with an Allocations partnership already in the footer and on Ecosystem (LIVE: BNB Chain, Ethena, Allocations; United Stables planned; World Liberty Financial planned).

Bottom line

Implied valuation vs mark valuation OpenStocks publishes is a twin scale: token price → implied val, mark price → mark val, with an explicit premium. Live examples range from Anthropic's near-alignment ($1.70T vs $1.71T) to Neuralink's wide discount ($48.77B vs $59.52B). Funding marks on product pages can differ from both. Read the layers; do not merge them. Refresh app.openstocks.xyz/trade before any on-chain action.

OpenStocks offer economic exposure to private companies only. No ownership, voting, or dividends. High-risk; possible total loss. No guaranteed secondary-market liquidity. Not affiliated with referenced companies. Not available in the US / to US persons. OpenStocks is not a broker-dealer, investment adviser, or exchange. Nothing here is investment advice.