DMM: Governance

DMM: Governance

DMG
$0.000111089%4.78

Key Metrics

Price$0.000111089
Real Volume (24H)$0
MarketcapN/A
Fully Diluted Valuation$1,392,255
ATH$1.77
ATH Date7/2/2020, 5:33:39 AM
ATL$0.00478091
ATL Date11/25/2022, 5:55:52 AM
Circulating Supply50M
Total Supply250M
WebsiteN/A
WhitepaperN/A
Popularity Rank8563
Chart
What is DMM: Governance?

DMM Governance (DMG) is a decentralized governance token that supports the DeFi Money Market (DMM) ecosystem, established in March 2020. The primary goal of DMM is to connect off-the-shelf assets with the cryptocurrency community, leveraging the benefits of blockchain to provide small- and medium-sized enterprises globally with access to capital that large companies have always enjoyed.

The DMM protocol is transparent, decentralized, and designed to enable anyone to earn interest in their currency, which is backed by real assets represented on the network. DMG is the governance tool through which the DMM ecosystem and protocol can be managed and expanded. Ownership of DMG represents the right to govern the parameters of the DMM Protocol and the introduction of new assets to the ecosystem.

The DMM DAO is a decentralized community that governs the protocol and can vote on modifying the DMG tokenomics and utility, through which they can claim excess revenue that is generated by the DMM ecosystem. The DMG token is a fork of Compound's governance token (COMP) with additional features such as meta-transaction support and a native burn function.

Corey Caplan and Gregory Keough founded DMM Governance (DMG). Corey Caplan has experience in software as a service, consulting, and cryptocurrency and has co-founded Dolomite and Caplan Innovations LLC. Gregory Keough is the CEO of DMM Governance and has over 25 years of experience in entrepreneurship and digital innovation. He has founded Blockchain Credit Partners and the Institute for Blockchain Innovation.

The DeFi Money Market protocol aims to bridge the gap between traditional finance and cryptocurrency ecosystems by offering users the option to combine real-world assets with on-chain digital assets and earn interest. The DMM DAO operates through the use of the native ERC-20-based DMG token, through which DMG token holders have voting rights on protocol governance, receive a percentage of the profits generated within the ecosystem, and are incentivized to maintain and improve the DeFi Money Market ecosystem. The DMM DAO can also choose to burn parts of the maximum supply of 250 million DMG tokens, thanks to the native burn function and meta-transaction support provided by DMG.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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