Public sale takes place Monday 22nd June at 9am (no whitelist/kyc, just buy on dex for ETH, DAI, or USDC). Price starts at $0.36 and increases 1.5% per every 500K sold ending at $0.57. Currently trading on DEXs at $0.70 (presalers sold some) in anticipation for the public sale being a complete sell out.
It's a defi DAO product collaborating closely with top names in the defi space to introduce a defi take on a money market, providing high consistent interest for crypto holders and providing off-chain liquidity to consumers and companies. Stake your ETH, DAI, or USDC (Coinbase listed as a partner already) and get 6.25% interest.
DMG is the governance token. Holders get to decide the fate of the DAO and get to earn the excess revenue (the money market earns 10-15% on the liquidity loans it offers and DMG holders get the remainder after the 6.25% is paid out). Holding DMG also gives the holder a stake in deciding which assets to grant liquidity to and therefore appeals to institutional investors.
There are 250MM DMG tokens, but only 25MM are being distributed in the sale. Coingecko have confirmed it will list with a circulating supply of just 25MM. That means a $100M market cap is $4. It's currently $0.70 or if you get lucky in the public sale it's $0.36.
With close partnership with Chainlink and future engagement with Coinbase and Huboi, as well as a confirmed investment from Tim Draper (drapergorenholm.com/blog/portfolio/defi-money-market), it's likely this will take-off and become the fully fledged money market it plans to be, likely to then far exceed $100M market cap.
Threadly reminder that the public sale will be sold out after a few seconds
Adam King
Why should I hold this?
Jayden Lopez
Read the info provided to you and make your own decisions
Aiden Clark
Why not just Give me a tldr so everyone else can read it too
Justin Myers
>9am what time zone?
> DEXs Which one(s)? i.e where should i be refreshing my browser at 8:59?
Ayden Campbell
I'm so fucking comfy... I bought 1k on Uniswap at $0.36... Biz had just been raided by fuckloads of pajeet uniswap scammers and everybody thought this was just another pajeet uniswap scam.
I'm so fucking comfy I'm gonna try and buy another 1k on the public sale
Thomas Collins
You will not get in on public sale. Gas wars will stop you. So buy now while its cheap. This will explode
Logan Smith
Public sale is already sold out in my eyes, it's more like a lottery now...This baby is a $10-$50 in next 30 days...I mean imagine the market cap....
Joshua Watson
whats the contract address?
Blake Lee
>I'm so fucking comfy... I bought 1k on Uniswap at $0.36 poorfag here. Also got 1000 for $.38 though hope this goes to $5 EOW
price is ~ 70c which is a pretty big premium compared to what the starting price will be. But the odds of landing some when the sale opens seems pretty low
Jackson Adams
based
James White
did i just buy the top of a shitcoin pump and dump?
With the public sale having not even started yet, and the market cap being only $18M, I doubt very much you bought the top.
Brody Taylor
No not all, it's not like 15.7M tokens are going to be sold for less than current prices when the public sale starts
Daniel Turner
idk lol im just laffin at retards buying at these prices when Im going to be buying from dmg.defimoneymarket.com at $0.38
inb4 >good luck buying off curve theres like 10 million tokens and price increases by like 1 cent for every 80,000 bought
Asher Reyes
i hope this dips back to like 60 cents or so, waiting for a dip to get in
Joseph Bailey
I'm not trying to make you fomo or anything,becaue whether you invest or not this is gonna touch at least 300K - 800K market cap plus in due time. With what tokens like COMP and LEND are already doing in the market DMM is a star..So dont waste your time trying to fud or act a stupid like you or anyone you know will be able to buy at public sale. Public sale is already sold out, your just playing a lottery on June 22.
Asher Walker
Every post saying the public sale will sell out instantly is written in pajeety broken english. Im not saying it wont sell out fast, but it just makes you wonder.
Colton Collins
>written in pajeety broken english. Pajeets could never afford to buy DMG They live on about $1 a day If they saved all their money and starved for a week they could just about afford 10 DMG tokens
Joshua Price
I'm also gonna try to grab some too but with so many ppl interested even an 8 years old should be able to tell. Those who already bought still want more, and those who haven't bough at all also want, alsonthere are whales on the side. Do the maths of how much Eth you are thinking of buying, for me it's like 20 plus subtract that and urs from the tokens thats if we are lucky.
James Rogers
Even if I was the team or a whale, seeing this much interest I'll buy off the tokens myself and sell them on exchange at a premium. If ppl are buy COMP token for $200 they'll happy buying DMG for $3...
Julian Kelly
There's no broken English in that post. Besides, the presale had a min order of 50ETH.
