Hotbit does not provide endorsement for any blockchain assets. All introduction information regarding the assets is originated from third party sources and that emissions and errors might occur in the information provided.
The investments in blockchain assets are highly risky; the user is solely responsible for undertaking the risks of any asset shrinkage or lost. Please do conduct investment activities cautiously based on your own situation.
What is DMG ？
ZPAE is a utility token designed to process fiat-to-crypto transactions in tje UAE through a consortium of merchants that have a high volume of daily transactions. 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.
Token status and distribution
Total supply: 250,000,000 DMG