Is DML scam? No exchanges, no good news from the development team
Yes. The project is very similar to Scam. Trading volume is only 4 000 dollars per day. And the price of tokens is just terrible
0.19x USD
0.25x ETH
0.26x BTC
I just did a pretty thorough analysis of this, which will appear on the next episode of my podcast, as well as on a live webinar where I use some software that I developed to organize all of the information I collected in the analysis. I believe that just because the price of a token has dropped an enormous amount (in this case over 95% of original value at the time of the ICO), I don't think it automatically means the project is a scam. The drop in price and especially the very low volume, is indeed indicative of a lack of activity around the project, but that's mainly because there was a long delay and because milestones were missed, and so the platform itself is not in a condition that much use of the token could be made at this point. This should change when the mobile app comes out. One thing that is a little troubling is that the Marketplace interface that you actually see when you sign up does not much resemble the demonstration of the marketplace that appeared in a video back in July. So they are clearly far behind in the development cycle, and so there is no reason for transactions to occur, other than to sell and buy, and very little of that is happening now that the price has fallen so far.
There is certainly valid criticism around the lack of communications, updates, and also perhaps the lack of serious development activity, but there is some evidence that they are actively developing, and I don't believe that you can really call a project a scam until the developers have exited the stage and ran away with the money. This is clearly not the case here.
If there was one criticism I would make of this project it would be that they didn't hire enough core staff after the sale. According to their own reporting, they collected around $10M. And about two months later they announced they had hired one front-end and one back-end developer. The only person who has been committing regularly to GitHub is the front-end developer. I realize that this doesn't mean the other developers are doing NOTHING -- because we all know that plenty of development is and probably needs to be private, but still - with that kind of money it would seem the hiring of more developers sooner would have been a good move. After all, this is a very ambitious project.
Finally, the other issue is that there is a pretty serious lack of customer management. Very little in the way of communication, and no real "face of the company" from a business perspective. If you look carefully at the team you will see that they are mainly technical. That's a good thing, but again with that kind of raise, they probably should have hired some forward-facing communication specialists to manage the Telegram community, and to provide lots of detailed updates. And to keep a lively interest in the project.
