iPO Console PLATFORM MANAGER · PRIVATE

SNV = DIV + IPV + EPV (naming set by KC 2026-08-03)
SNV — Social Network Valuation, the headline total. DIV — Dividend value. IPV — Internal Platform Valuation, everything the creator has built inside iPO (this is what these columns used to call "SNV"). EPV — External Potential Valuation, the outside following.
iPO publishes SNV bottoms-up (a NAV/analyst-target analogue); the market sets the price. Every number is read live from the Valuation session's own server functions, so this tab mirrors whatever methodology is currently shipped.
⚠️ Field note: the server still returns the INTERNAL term as snv_cs and the total as total_fair_cs — under the new naming those read backwards. The display here is already renamed; the field rename (→ ipv_cs, and a NEW name for the total rather than reusing snv_cs) is the Valuation session's call.
EPV went live 2026-08-03 (migs 0451/0452) and is a real column below. It prices a creator's outside following — YouTube / Instagram / TikTok — which IPV structurally cannot see, so without it someone arriving with a million followers computes a near-zero total. Only approved social accounts count (self-reported and API-verified rank equally once a manager approves them; unapproved = 0). Formula: tiered ARPF per follower × engagement, × an overlap discount by platform count (1→1.0, 2→0.85, 3+→0.7), × a 5% migration rate that decays toward 0 as those fans actually arrive — so EPV hands off to SNV rather than double-counting — ÷ a 10% required yield. No cap: a ceiling was tried and reverted, being the mirror image of the banned price floor, and the tiered ARPF (₩300→₩120) already compresses the top end.
A persona shows EPV 0 only because none of its social accounts is approved yet — the term itself is active. Personas actively raising (Pre-IPO) are listed here too — only those whose owner has started the raise, not every dormant listing row — since EPV is exactly what values a creator with an outside following and no iPO footprint; their Market / Fan-love / vs-Fair cells stay blank because there is no traded price to compare against. ⚠️ The ARPF price table is still a placeholder pending real settlement data, so treat EPV as an estimate whose error grows with follower count — the first approved account (1,200 followers) already accounts for roughly a third of that persona's fair value.
Dividend value = annual dividend ÷ effective yield × reliability. Yield is frequency-anchored (hourly = par; slower frequencies pay a duration penalty that pulls to par as each payout nears). Reliability = dividends paid vs promised (manager exempt). Never multiplied — it's the hard floor.
SNV (social-networking value) = the audience base × the growth multiple. Base = 1.5 × decayed likes (30-day half-life) + 5 × holders × engagement × stickiness + 40 × quality-weighted posts (90-day half-life; quality gate: q≤0.40 → 0, q=0.85 → 1.0, q≥1.08 → 1.5) + 1.0 × human favorites. Favorites (mig 0450) carry no time decay — a favorite is a standing relationship until it's removed — and are weighted lowest because they're a free one-tap action (holders 5.0 > likes 1.5 > favorites 1.0). Bots are excluded, and in practice bots don't favorite at all, so this term is entirely human — currently worth only ~0.01–0.04🌱 per persona. It exists to close the lurker gap: a fan who migrates in and only favorites used to lower fair value (external-follower value fell, SNV didn't rise).
Growth × (clamped 0.80–1.6, with the swing halved for damping) scales the SNV side only = 1 + 0.5 × a maturity blend of proven week-over-week momentum and forward potential (AI-scored from creators' plans & kept promises). New listings lean forward; mature (6+ weeks) lean ~70% proven.
Fan-love × = (market price − dividend value) ÷ SNV — market-revealed, not set by us. It's iPO's PER/EBITDA analogue: ≈1 means the market prices the persona at its bottoms-up SNV; well above 1 means real fan demand is paying a premium over fundamentals. Because bots trade toward fair value, a high multiple on a thin float is expected right now.
⚠️ Read the multiple with care when SNV is tiny. It divides by SNV, so a persona with almost no audience value (e.g. SNV 0.2🌱) shows a huge multiple from a small price gap — that's arithmetic, not fan demand. Judge it together with the SNV column. The top KPI is value-weighted (total market cap − total dividend value, ÷ total SNV), so it can read far lower than the individual rows: dividend value is never multiplied and currently dominates the base.
Cash is intentionally NOT a term (a withdrawable personal balance would double-count and let a creator pump their own price by depositing Seeds).
The ↳ line under each persona shows holders, stickiness, the proven/forward growth split, and effective yield. "vs Fair" = market price vs fair value (the same gap the fan-love multiple expresses as a ratio). Fair total carries a 1-Seed floor. 1 Seed ≈ ₩1.