/biz/ - Business & Finance

>>50342296
https://www.sec.gov/news/press-release/2021-145

>>23897101
I don't cash out. Only what I need to live. Shit like the DMM ecosystem even at a safe 6% APR is much better than what I can get in markets, and well, I can flip into other shit when I need to.

FUCK BANKS

>>23847729
imagine not being in the DMM ecosystem for 6% with your tethies until 2022.

Nothing has changed fundamentally for DMG. These prices are, literally, stealing. I expect price action to continue in all of 2021 as mTokens gets brought into more exchanges. $0.16 was obviously an extremely oversold bottom.

https://twitter.com/ChrisBlec/status/1324792090627346439

Name a more oversold coin. You can't. I know this KuCoin hack nonsense is hard to sort through. Generally speaking we have some massive positivity coming in with our first *real* asset introducers & NFTs that are backed by DMG, which will remove massive amounts of DMG from the circulating supply. I think we may end up breaking the record for most expensive NFT purchases. Qori capital is buying theirs for $100k... you can only imagine what one would sell for in the US for a US asset introducer.

Once our AUM goes up (to, say, $100mm), we'll be on track to burn tens of millions of DMG at these prices. The circulating supply will shrink to nothing and it's is going to explode.

Quori Capital (huge) : https://www.crowdfundinsider.com/2020/10/167658-financial-management-company-qori-capital-applies-to-become-an-affiliate-member-of-defi-money-market/

DMG locked in NFTs are removed from the circulating supply. We're working on a scheme where users can purchase the NFTs and we'll price match them using the locked tokens to amplify the DMG backing each NFT. This does two things in tandem:

1) Reduce the current circulating supply
2) Take tokens that are currently locked and keep them locked, whereby they never touch circulation.

Why does this matter? Those bullish on the ecosystem should want to get these NFTs because they function as franchise rights for the ecosystem. The NFTs are finite and in order to become an asset introducer you need to do two things:

1) Own an NFT for your specific region
2) Have the DAO vote to allow you to draw down funds, therefore "activating" your NFT to perform its functional use.

https://dao.defimoneymarket.com/governance/proposals/9

I made ridiculously good money this year, and still have 50,000 Linkies. Sitting on fat stack of DMG as well, so thinking about putting $200k USDT in the new DMM / USDT thing for 6% APR.

What are the risks?

DMG.... Where do I start

1. The expansion of the project is in jeopardy because the team primarily focuses on travel assets in a time where the future of travel is highly uncertain. Even legendary investors, such as Warren buffet have pulled billions of capital out of these markets

2. The event of coinbase adding mUSD is highly unlikely because it's in direct competition with their USDC stable coin.

3. They plaster Tim Draper, who was one of the first investors in Theranos, and his foundation all over their website and medium articles.

HAHAHAHAHAHAHAHAHAHA
DMM?
MORE LIKE DUMMP

>>19893389
THIS IS NOW A DMG THREAD

there is literally no reason to be buying this on uniswap right now when you can be so easily guaranteed an early spot in the public sale on Monday for a 1/3 of the price.

follow the instructions here to participate (these are pinned by the devs in the official telegram):
https://drive.google.com/file/d/1P68pTg-luReBd-cyIr3b-YyYJNtyW3I1/view

>>19811013
DMG.
http://defimoneymarket.com/

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 (https://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.

Further reading/watching:
https://defimoneymarket.com/DMM-Ecosystem.pdf
https://medium.com/dmm-dao
https://docs.chain.link/docs/defi-money-market-chainlink-ethereum-mainnet
https://www.youtube.com/watch?v=iYbWxAm7NuU
https://www.youtube.com/watch?v=pHsBvMVqVxM
https://uniswap.info/token/0xed91879919b71bb6905f23af0a68d231ecf87b14

You heard it here first. Screencap this. If you glow, you know.

Why dmg can moon:
- 8.5m assets under management +2m private raise
- backed by huobi, coinbase, trust wallets (want to implement mAssets)
- back by Tim draper (og investor)
- Aragon pump 2x cause of his investment
- fits current trend: defi+ Dao (look at COMP) $20 -> $130
- chainlink cult +4chan shill
- going to launch mEth (savings account for ETH)
- dmg used for excess revenue (loans are all overcollateralised), voting/staking new assets, token burns, improving platform
-dxdao partnership (help govern)
- CEO IS EX CIA

>>19747139
Sell for the DMG public sale, duh.

*blocks your high market cap path*

Yea, I'm going all in. 8 days gentlemen.

New deep dive:

https://medium.com/dmm-dao/defi-money-market-dmm-dmg-governance-token-491c9a62c6bf