Dark Matter on FTM

Hey mate! Thanks for sharing this.

I had a look around on your website and a read of the docs and I have a few questions about how all this works.

When we "buy" these DMD token or the LP or the NFT and "stake" them, I understand that we get rewarded back in DMD tokens as the interest.

What is the incentive of not selling the DMD reward tokens immediately as we receive them? If there is no incentive to hold, wouldn't everyone continuously sell their DMD rewards and push down the price (as there are no real buyers stepping in to prop up the price)?

And are the DMD rewards we get locked up? Like released at the end of every quarter or something (end of Q1)?

Thanks! Hopefully my question makes sense.:D
 
Great questions @Millennium

What incentive not to sell when receive?
This is every farms dilemma so we need use case for coin...utility...function.
We plan to open essentially an ebay for nfts on FTM network and user can pay with FTM or at a reduced price with DMD.
If we get coins back to us we can burn etc, also price essentially should increase as usage goes up.
THis is when "real buyers come into prop price"

You are right if ever minting a coin one needs deflationary measures.
1 is total number able to be minted is capped and drip fed over years.
2 about once every week or 2 we literally burn 10s of thousands of dollars in dmd - we send it to a dead wallet address no one can access.

We also had soeme nfts sales last week with another round of different ones in a week or 2.

DMD rewards are not locked, can harvest anytime.
Only thing to consider is some vaults/pools have a withdrawal fee of 2% BUT ony within 72hrs of your deposit -after that no fee for take out.

ANy other questions feel free or if you want to join a private stackers/dmd telegram chat let me know
 
Stoic Phoenix said:
Great questions @Millennium

What incentive not to sell when receive?
This is every farms dilemma so we need use case for coin...utility...function.
We plan to open essentially an ebay for nfts on FTM network and user can pay with FTM or at a reduced price with DMD.
If we get coins back to us we can burn etc, also price essentially should increase as usage goes up.
THis is when "real buyers come into prop price"

You are right if ever minting a coin one needs deflationary measures.
1 is total number able to be minted is capped and drip fed over years.
2 about once every week or 2 we literally burn 10s of thousands of dollars in dmd - we send it to a dead wallet address no one can access.

We also had soeme nfts sales last week with another round of different ones in a week or 2.

DMD rewards are not locked, can harvest anytime.
Only thing to consider is some vaults/pools have a withdrawal fee of 2% BUT ony within 72hrs of your deposit -after that no fee for take out.

ANy other questions feel free or if you want to join a private stackers/dmd telegram chat let me know
Click to expand...

Cheers mate! Thanks for the answers.
 
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Dark Matter DeFi Series #2 NFTs — DMD Aliens

- Mint Price: 25 FTM
- 2000 NFTs for Public Minting
- 1000 NFTs set aside for rewards in Planets Mystery Boxes
- First come First serve, no white listing
- You can mint up to 5 per transaction*
- An NFT staking pool will be available for all Series #2 NFTS
- Your staking ability determines your staking power, the higher the ability the higher the yield from the staking pool
- Minting will be done on DarkMatterDeFi.com
- A portion of the FTM collected from minting costs will be used for a DMD staking pool (stake DMD earn FTM).
- The staking Ability score for series NFTs will be an important factor in Dark Matter DeFi Planets.
- Minting will begin Feb 7, 2022 some time around 11 PM UTC

Read the Entire Publication Here
https://darkmatterdefi.medium.com/dark-matter-defi-series-2-nfts-dmd-aliens-889cb773864a
 
Minted 3.

Ability: 4
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Ability: 6
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Ability: 7 Note AK. Handy. ;)
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At the moment I'm getting around AUD7.50/day in passive income. The plan is to put the profits into assets to generate higher returns and then subsidise some addictions down the track.
 
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