Update for DMA Token Holders
DMA token was issued and distributed to the DMA Supernode supporters in September of 2020:
Since then, DMA token has constantly been distributed to DMA Supernode supporters on a weekly basis. By the end of this week, in total, DMA tokens have been distributed to 180+ holder’s wallets.
DMA token was added into the TokSwap DEX in November of 2020, with the initial value being 1 ELA = 1000 DMA. The plan was to create more use-cases for the DMA token once its liquidity was established on the TokSwap DEX. However, the TokSwap platform seems to be inactive.
We are glad to see the new DEX: ‘Glide Finance’ arrive into the space recently. Since it’s an open system, an unknown community member created the initial WELA/DMA liquidity pool, which caught our attention. The team believes this is the continuation of the DEX efforts in the community. We hope it can win the market with the Glide team’s strong business operation.
Some thoughts from the DMA team to share:
- DMA token distribution to DMA Supernode supporters will still be the main distribution channel. Any DMA Supernode voters will receive DMA token airdrop weekly.
- DMA token holders can add liquidity into the current WELA/DMA liquidity pool to receive fees. (Thanks to the anonymous community member who created this pool).
- The DMA Supernode team will regularly buy back DMA tokens via Glide Swap.
- When the team launches a new project with token allocation, all DMA token holders will be in the DMA beneficiary pool to enjoy the new token allocation. Each DMA token holder will have his share based on the percentage of the amount of DMA token that he owns in the whole distributed DMA token pool. The issuer address and Glide pool address is excluded from the allocation pool. This is the ‘proof of share’ method that links the team to the DMA token supporters.
- If you are not earning DMA tokens via the DMA Supernode, you can always get DMA tokens at Glide Swap.
DMA Team
2021.11.22
