Ok guise, so i saw some of you posting a chart where it says most link holders now hold DMG. Was that a prank? Is it real? Why doesnt anybody talk about this clear shitcoin around here?
I'm not gonna lie to you, they have "DeFi" on their description and I'm sure that alone is enough to make it these days. Give me the redpill pls.
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Apparently they are backed by "real-world, income-generating assets", pic related shows the so called assets: a bunch of cars. whats this shit?
That’s some real bullshit token!
Lots of crappy autos as colateral and less than 7% APY! The risks involved on the crypto market plus the token fluctuation aren’t worth this shitty interest!
They’re just trying to fool some suckers with the “Defi” fancy word
Car loans were just the first test case to get the ball rolling IIRC. I believe other assets are going to be added in the near future.
As a normie I just look at this like a great savings account. I can park my money here and make a lot more than any bank is offering (6.25%).
Otherwise I don't know what's so great about it.
It's a joke but you had to buy in the pre sale, it had a hype window of one week like all shitty pnds. It's literally just a scam ran by Florida loan sharks and used cars salesmen. The concept of 'real world assets back defi' using chainlink and the fact that the loan shark in chief used to be a literal cia nigger are the only reason it even got hype, but it really is tied to their shitty Miami loan company.
>B O R I N G
and
>F A T
Redpilled
why should shitty car loans be added to the blockchain and entrusted to internet freaks
how is this a positive change
>As a normie I just look at this like a great savings account. I can park my money here and make a lot more than any bank is offering (6.25%).
>this has no risk
Yes, faggot?
Investing in anything carries risk.
So does leaving my dollarinos in the bank during rampant money printing.
There’s that too! Once inflation starts ramping up 6% APY becomes utter shit
I hear they're adding used Jetskis next
I’ll buy it when they add yo’ momma! So I can farm that fat cow!
lmao at the nigger tier fud in this thread.
DMG agents are truly gonna make it.
There were plenty of threads discussing it before, check the archives. Nobody is talking about it because it hasn't done anything for a month. It's in the very nature of what DMG is that it is decoupled from the rest of DeFi, meaning that while DeFi is in a bull run nobody will care about it.
Not sure about LINK killer that might be TRB but DMG is literally gonna moon harder than LINK when it goes
I've never understood what the potential market cap and value this token will be. Is $5 per dmg even possible?
The only thing I don't get is why the price hasn't moved significantly yet.
MC and volume have been increasing every day
it went 4x from the starting ido price in a week
yes, dmg holders get to vote for token burns etc
read the whitepaper, it's like 17 pages, takes like 15 minutes
Okay let me redpill you on this, faggots.
> Okex mAssets integration coming soon
> Extending real world assets with aviation soon
> Upcoming vote for adding USDT
> Excess revenues goes to DMG holders
> Upcoming vote to buy back DMGs using a % of the excess revenue to burn some tokens
> Network app coming before EOY, a normie friendly mobile app to earn interests using DMM
> Yield farming / staking coming
> Already all mETH (5000mETH) has been locked in ~one month, problably a vote coming soon to increase the mETH ceiling
> Backed by fucking Tim Draper
> DMM is one of the few oracles available on the chainlink documentation (this is huge).
Here's a few facts, boyos.
I can provide a proof for each one of this statements if you want to but I hope you don't doubt me because I don't have that much time spoonfeeding pajeets.
price suppression
Governance issues are going to hold this project back. You can ser the writing on the wall when they talk about USDT onboarding; token burns and dont even add a discussion forum to their governance dashboard (HINT: Aave has one). They are the wrong side of the CIA and are not here to include you in anything. Based in Dubai secured by an east asian treasury. It makes me question DGH’s allegiance to the country they based within. Maybe those billionaires arent that smart after all.
>soon
>price suppression
I want to believe you but I heard the same kind of shit from the ICONOMI team in 2017 and then they fell apart. I absolutely hate these projects that just sit around $1 for years and then disappear.
Nobody talks about it because it's a long-term hold. Fundies are sound, but technicals are uncertain, and price action lately has been mediocre. In essense, long-term holds are boring and you'll get a lot of "kek bagholders" talk on the fast-paced Zig Forums.
nominal decentralization is the only way to make something like this work. that's how chainlink has done it
Looking to pick up a bag of DMG, XSN, or RLC. Which should I choose, Zig Forums?
Tricking fools into using and investing a governance token your foundation already decided would never produce revenue but instead centralizing voting right through token burns is extremely deceptive. DMM is making money for foreign private investors off the backs of fools playing model senate while the CEO laughs like the clown he is.
dmg is longer term hold,
if you look for a quick gain, cant help you
In essence, if people see the fundamental value of this crypto project but its price continues to be suppressed, we could see a sexy chainlink-like breakout later in the bullrun. If it happens to occur during peak euphoria, perhaps we could get a nice 5x or so (around 5 USD) which some research documents have been larping for.
Tim Draper is a reverse Midas, whatever he touches turns into shit.
DYOR