Dear Hoo uses,
Hoo will list DMG/USDT and DMG/ETH trading pairs at 15:00 on June 20, 2020 (UTC+8).
Deposit now have been enabled, please stay tuned to Hoo official announcement for DMG withdrawal time.
Introduction to DMM Governance Token
The DeFi Money Market (DMM) DAO governance token, DMG, is the tool through which the community governs and grows the DMM ecosystem and the underlying protocol. As we look to build a vibrant global community, DMG is a critical component that will engender broad participation and mitigate centralized governance risk. Specifically, DMG effectuates governance of the ecosystem via the DMM DAO, which has control over the Ethereum smart contracts and its adjacent assets.
Ownership of DMG represents the right to govern the parameters of the DMM Protocol, a claim on the excess revenue generated from the DMM ecosystem, as well as governance over the ability and decisions surrounding the introduction of new assets to the ecosystem in regards to both asset type and asset location. The DMG token is a fork of Compound’s COMP governance token (featuring native delegation and vote weighting) with added capability such as meta-transaction support and a native burn function.
Name: DMG
Total supply: 250,000,000 DMG
Website : https://defimoneymarket.com/
Twitter : https://twitter.com/DmmDAO
Telegram: https://t.me/DmmOfficial
Discord: https://discord.com/invite/9dM8yaA
Risk Alert: Any digital assets investment is risky. Please evaluate your risk tolerance before getting involved. Your support on Hoo is highly appreciated.
Hoo Team
June 20, 2020
