/biz/ - Business & Finance

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