/biz/ - Business & Finance

>>19990827
>tfw only have 47k

>>19990885
50k reporting in. feels real nice. pull the trigger, anon.

Bought some DMG a few days ago and sold it todays. Old vehicles behind the token, strange rumours and people are expecting a major exchange announcement like Coinbase when it is so obvious it wont ever happen

>>19990970
6k chad reporting in. This will moon WAY harder than Link in price. Circulating supply much smaller.

>>19990827
Bought some at 90 cents. Have 40k and comfy desu.

>>19990827
>HAHAHA
NPC

Imagine investing in stupid home made biz projects like STONKS and STA when you could have bought DMG... You do realise the same people calling DMG out as a scam were the people shilling Stonks and STA... Does the fud make sense to you lot now? If you bought DMG that's less money that wasn't going into the Stonks dump liquidity pool.

>>19990827
>is invested in shitcoins
cringe

Cashed out my principal already. Letting the remaining 30k ride.

DMM circ supply 25M
LINK circ supply 335M

Do the math fucktards

>>19991374
You forgot to mention the total supply for dmg will be 250M lmao.

>>19990827
Is this the next statera?

>>19991428
Depends of what the dmg holders vote tho

>>19991485
>Is this the next statera?
No

STA and STONKS were created by anon's here on biz.. What you didn't know that?

Thats the first test I do when looking at coins shilled here. Did someone on biz make it? If so I don't fucking buy

>>19990885
tfw only 9k :( I'm gonna kms when this shit moons

>>19991485
>end of the month
>thread out of the blue
>plenty of anons somehow already "bought" some
>most posts are positive and tell you to buy asap
Yup that's the discord pnd for July

>>19990827
STA hacker is buying DMG

>>19990827
>19991234
What assets do you think they are going to buy which earn interest at or above 6.25% besides used car loans?

Also just think about the entire process from a big picture view, based on what is stated on their website:
1. DAI, USDC, or ETH are deposited in exchange for DMM mTokens.
2. The deposited DAI, USDC, and ETH are used to acquire real-world, income producing assets, all viewable on chain.
3. The assets pay out interest, which is returned to the DMM Ecosystem.
4. DMM mTokens are freely swapped back for the original DAI/USDC/ETH deposited plus interest accrued.

This just sounds like a simple scam. They take your valuable use-case crypto and swap it for their shitcoin, they buy high interest-bearing loans (junk debt and used car loans) with it by selling your crypto, and earn whatever excess interest occurs above 6.25%. Meanwhile, you can swap back into your original crypto plus interest, but only if there is enough liquidity on chain to facilitate the transaction. Which means you need additional incremental people buying into DMMDAO. This sounds like the classic definition of a Madoff-esque ponzi scheme.

Am I missing something here? Maybe some other high IQ anons can add to this with more info.

where do I buy this piece of shit

>>19991703
uniswap / mxc.com

>>19991685
The other thing people fail to mention about this shit is what happens when a loan recipient stops paying. Not only is the cash flow for debt service gone, but the face value of the debt is gone too.

This project seems like its real beneficiaries are going to be banks and lending institutions, which are probably more than happy to offload a lot of likely bad debt onto bagholders in the name of "defi".

Just buy Chainlink if you're excited about this project being involved with Chainlink.

>tfw only 100k DMG
why even live bros

>>19991787

Thanks for talking sense into me I almost flipped 10% of my LINK stack just to diversify.

Always buy Chainlink.

>>19991912
based, high IQ anon

>>19990827
Get your doves in a row bros

$10 in a month dmg is the greatest

>>19992167

>>19990827
Waiting for my next paycheck to buy more ;)