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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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19653004 No.19653004 [Reply] [Original]

For those of you who are confused about the marketcap:

They will have released 25 million tokens (12.5m for private, 12.5 for public). People would argue that the fully diluted marketcap needs to be taken into consideration, but that is plainly wrong because of the fact that they won't be releasing those tokens UNLESS they really need the funding, and it won't dilute the supply in the slightest, because those additional token sales will also take place via Dutch Auctions, much like both the private and public. In other words, they'd only be sold to the public if the public demands for it, and would only serve to increase the overall marketcap of the token. My guess is we won't even be seeing this for a while, given how they will have made ~$10m by the end of this whole sale. This puts the marketcap, when we open at 40c, at around $6m.

Consider how SNX is overvalued from having a mechanism that keeps reflating its marketcap from demand, and how LP has a P/E of 200+ despite almost negligible revenue, and then consider how the P/E on this coin is almost negligible at the current point (seriously, just dyom for these), and you can see why the sky's the limit for now.

>> No.19653030

The pre-sale is officially closed

>> No.19653036
File: 213 KB, 220x165, received_254742849231238.gif [View same] [iqdb] [saucenao] [google]
19653036

50K DMG Chad here. I haven't been this comfy since I bought the LINK ICO

>> No.19653054 [DELETED] 

DMG*
reflating its marketcap even from lack of demand*

>> No.19653071

DMG*
reflating its marketcap even with lack of demand for it*

>> No.19653079

Will 500 DMG be enough for a decent car? Nothing crazy, just something dependable

>> No.19653092

>>19653004
Any official info on the public sale?

>> No.19653096

>>19653092
june 22nd, same day it'll be listed on coingecko so normies can see the pomp and FOMO in

>> No.19653098
File: 101 KB, 1080x690, IMG_20200611_024421.jpg [View same] [iqdb] [saucenao] [google]
19653098

>>19653079
How does pic related sound?

>> No.19653162

>>19653098
Man if I got $300k out of it I'd probably just put $30k to a good car, move to a townhouse, and invest the rest. I'm more into stealthwealth and not living too flashy

>> No.19653187

Is it me or this is a good usecase with LINK and not muh price feeds? bullish.

>> No.19653214

>>19653004
Anyone know where I can get some? I am about to be all in on this and PNK desu

>> No.19653218

>>19653096
got a link tho?

>> No.19653225

>>19653079
How does a warehouse of cars sound?
Jk, the tokenomics don’t make sense on this one, there is no way it justifies the current mcap, but weirder things have happened in crypto.

>> No.19653512

Get in before it runs out cucks
https://instant.airswap.io/

>> No.19653650

>>19653512
buy here
https://bamboorelay.com/trade/DMG-WETH

>> No.19653740

>>19653650
>bamboorelay
thx anon

>> No.19653905

If this is like ChainLink it will drop down to 20 cents. If this is like dxdao scam the value will plummet. Why did DMG give 2MILLION DMG to DxDao? What am I missing

>> No.19654400

>>19653905
they think that dxdao has done a good job managing other projects and want them to help manage dmm

>> No.19654484

>>19653004

"Limit sell orders will be placed in blocks of 83,333 DMG, increasing 1.5% in price each block"

Has nobody read this thing? You late buyers are gonna get fucked.

Take 30 seconds to do the math you fucking smooth brains. 25M tokens, 83,333 per block = 300 blocks. 1.5% 300 times is 1.015^300 which is 87.05. Meaning the last block is going to cost 87 fucking times more than the first. The presale/early buyers are gonna take a fat shit on you for big gains.

You pajeets never seem to be talk about the increasing price block? Why not?

Hey biz, you buy this, they dump on you. Literally. Thats it. Ask yourself why would someone buy higher than you now?

6% returns? No worries get that of crypto.com.

DA governance? Buy dxdao. There was no vc or private sale there. Pkus DMM gave dxdao 2 MILLION DMG tokens.

Look its the same pastas and the same shills and the same posts. 20 ID posts in some of the threads.

When sonething is legit, you dont shill it and you definitely dont spam it on biz in poor writing

>> No.19654501

>>19653905
Chainlink ico was 11 cents and it never traded that low after, newfag

>>19654484
Cope

>> No.19654523

>>19654501

Prove me wrong about the numbers. Also show me your chainlink ICO wallet and ill shoe mine :). Go ahead ranjeesh.

You've no problem posting pics of 300k cars, but you wont debate the inflating block price of the coin youre shilling? Prove me wrong and ill drop 20k on it. Stop trying to scam 500 usd off zoomera and start proving that its not bullshit so people will actual stacks might get in.

>> No.19654531

>>19654523

No one cares about your incorrect info or if you buy in. Go away already.

>> No.19654609

>>19654531

But the info is absolutely correct? Tell me how its wrong and ill go market buy all your sells on the dexes right now?

Tell everyone in this thread how its wrong. Go ahead.

Protip: you cant you teabag stain