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/biz/ - Business & Finance

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28668981 No.28668981 [Reply] [Original]

Marketcap: 10 million
TVL: 78 million
Partners: REN, UMA, Elrond, OCEAN, DSD, more to be announced soon (confirmed on telegram).

>when you realize that OpenDAO plans on creating stablecoins for national currencies

>when you OpenDAO is partnered with REN, UMA, Elrond, OCEAN, DSD with many more unnanounced partnerships and a sushi stablecoin rumor.

>when you realize that the lead growth manager for AVAX was hanging out in the telegram trying to contact the founders just yesterday

>when you realize that the OpenDAO and UMA founders have been friends for years prior to their respective projects

>when you realize that you're looking at the premier perpetual stablecoin minting machine that will also bring millions of dollars of real world assets on-chain

>when you realize that the founders have successfully brought millions of dollars worth of property on-chain in their previous project, konkrete.io

>when you realize that the projects partners are sitting at marketcaps ranging from 50x-300x the marketcap of OPEN

>when you realize that OPEN smart contracts will allow you to purchase real world items ranging from automobiles to property without having to interact with a bank

>when you realize that the protocol creates entirely new forms of credit and value for traditional finance and is also novel lending mechanism that is completely new to DeFi

>when you realize that you're staring in the face of a project situated to do a NEO-2017 type run straight in the face and you're still early.

>when you realize that the protocol is going to see UMA perps brought over this month which will see TVL explode towards a billion

>when you realize that most people don't understand what the project even does, nevertheless the value of its connections and partnerships.

>when you realize that you can post this all day in /biz/ and people will still chase shitcoins instead of a future top 50 project and DeFi blue chip.

>> No.28669232
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28669232

>>28668981
I've been accooomulating

>> No.28669287

>>28668981
How do you find these projects when they're <1 million mcap? It's already at 10 fucking million.

>> No.28669437

>>28669287
some guy shilled it to me on biz when it was 5 mill mcap, but man oh man if they succeed they will basically be first movers here, this might be a top 100 coin before the summer so I don't know man, accumulate

>> No.28669457
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28669457

>>28669287
it's at 9.3 mill there's still time to load up. Judging by the cup and handle pattern forming we going to 25 mill marketcap in the next leg up

>> No.28669536

>>28669287
10 million is nothing. this project will unironically 50x and then some by the end of this bull run.

im not sure you were here for 2017, but the fundamentals are absolutely insane on this project. criminally undervalued.

>> No.28669989

this shit us going to make me so fucjing rich

>> No.28670051

>>28669287
saw this on /biz/ at 3m, still holding and bought more. 10m is not a lot anon.

>> No.28670162

>>28669437
>>28670051

was it this thread where you heard about it?

>> No.28670202

>>28670162
yes and then I DMOR and decided to buy.

>> No.28670214

>>28670162

>>28670051
>>28669437

forgot to link

>>>/biz/catalog

>> No.28670265

>>28669437
>>28670202
jesus, i feel like a boomer messing up linking this thread like 3x in a row.

THIS THREAD FROM LIKE 2 WEEKS AGO:

THIS ONE:


>>27881793

>> No.28670370

>>28670265
that's where I heard about it. epic thread. called unn early too.

>> No.28670745

>>28669287
at least the shilling here is sincere.
I got into OPEN last week at like a 7mil Mcap. comparing this with the lowcaps shilled here as of late is no use, as the difference is polarizing. this isn't a PnD coin. dyor into it and you'll see the potential. but if not, that's fine. just don't get scared away from opendao for being a 10mil mcap. this project is full of potential. read up on it anon

>> No.28672348

>>28670745
yep. once you research it and understand the potential, you see how undervalued it is.

i spoke to some of the team members also. there is a lot going on behind the scenes. its gonna be a fun ride friends.

>> No.28672464

>>28670745
I read up on it and it's literally a pajeet coin and the lead developer is in Delhi, India

>> No.28672899

>>28672464
yes

>> No.28672930

>>28672464
you're right anon it's basically a fucking scam.
and at a 10 MILLION market cap??
it already pumped like crazy...

>> No.28673692

Really annoyed I bought this coin on the partnership and then looked at the team and sold. Missed out on big gains bro. Can't bring myself to buy again

>> No.28673707
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28673707

>>28672464
yes we're doing business together now

>>28672930
topkek

>> No.28674617

>>28673692
you unironically belong in /pol/ lmao.
literally cucking yourself out of money because of muh racisms
>there is a lot going on behind the scenes.
give me a little more anon I'm getting close

>> No.28676091
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28676091

>>28674617
there is this twitter thread from a long time ago that im trying to find. in the meantime though, this photo alone gets me pretty hard.

>> No.28677073

>>28674617
can't find it. but it layed out their connections to signum capital and the founder's previous project (konkrete.io)

they are extremely well positioned to succeed, and the project is only a small portion of the beast it intends to be.

>> No.28677171

Somebody please explains to me what this project actually does, and why the token is needed, like i'm five years old.

>> No.28677365

>>28677171
governance token.
look at their partners - they are clearly emerging as the premier stablecoin minting protocol in the space.
they plan on tokenizing real world assets as well in which folks with illiquid assets can access an entirely new world of credit and liquid capital on chain through them.
token holders will receive a portion of the fees of this entire network, which stands to be massive.

watch this video for an overview:

https://www.youtube.com/watch?v=EqR12uqhIwQ

>> No.28677555

>>28677365
read this, understand the teams connections, their partners, and the potential to be achieved here. and then imagine how that would reflect in the price.


"Perhaps more exciting, is the project's plans to create stablecoins for other national currencies, targeting countries with large populations of young, technologically literate people. Introducing a national stablecoin with the OpenDAO DeFi loan and derivatives market to a country with an unhealthy economy, could allow individuals to gain some level of freedom by interacting with the global decentralized economy. I'm excited to see where this technology leads us as a community, and I think it has enormous potential to evolve the way we interact with one another across the globe."
from this article, which i recommend reading:

https://www.publish0x.com/crypto-thoughts/uma-protocols-perpetual-contracts-whats-next-for-opendao-xjmqmev?a=nXe0rZVbxr&tid=me