/biz/ - Business & Finance

Who else just bought into this? Sold at 1.6 since it seemed like the project was full of moonboys who thought it was going to pump on a new exchange announcement. Now they’re gone, token is cheaper, assets growing, governance dashboard, yield farming and staking coming soon it seems like the time to get back in

Ask the guy who sold to Medfren anything

If you know, you know.

Top 100 holder here. I would be buying more but all my funds are tied up (in LINK and applying for a mortgage)

I am very bullish on the DMM project itself, however investors should STAY AWAY from DMG

It’s looking increasingly like DMG is going to be another funding token. People who were around will be reminded of REQ. Great project, great team and even had a chainlink partnership.

Unfortunately the REQ token itself ended up worthless. It was just a funding token

DMG is similar and will be used by the team to expand their range of investments. It promises “voting” but what value does that actually have. Similarly it says “excess” returns will return to token holders but as the foundation decides what exactly this is and because they cannot directly pay token holders as that would make it a security, it’s looking increasingly bad for token holders.

Private equity holders are investing in the foundation, NOT the token.

Tl;dr; this is a funding token. Has no value. STAY AWAY

Serious question

Has /biz/ ever been as bullish on a cryptocurrency since chainlink?

There’s a lot of stuff that gets hyped here from time to time but they very often feel like people shilling their shitcoin bags... it feels very unnatural and forced

DMG feels like chainlink. Inside jokes, memes, breadcrumbs. Not really caring if other people buy, but at the same time dropping enough info that smart biz guys can jump in

Not to mention the huge overlap between DMG buyers and chainlink holders.

if you know, you know

Getting 2017 chainlink vibes

Everyone is acting like DMG is going to melt faces right away, debuting at insane highs.
Is this gonna be like AAVE, except debut at the best possible time?

I want to put a big enough bet on this like 10% of folio but liquidity is low. Anyone up for an OTC deal?