[ANN][AIRDROP][PRESALE][XDM] Dark Matter - Inflation Sucks

[ionomy]

[ionomy]

Dark Matter Token Sale Information Now Available!!!
Token Sale Starts May 19, 2019

[ionomy]

Watch the Dark Matter car driven by NASCAR Veteran Kasey Kahne in the Monster Energy NASCAR Cup Series at Kentucky Speedway Saturday July 14, 2018 and live on NBC Sports!

Where to watch:
US Viewers: https://www.nbcsports.com/live
Global Channel Listings: https://www.nascar.com/news-media/2017/08/22/international

[GTR_JOEY]

Great news guys! Cant wait to see this thing launch. Race car looks awesome!

[Beejae]

This project looks cool to me. Can't wait for more information on how to apply for the Airdrop. Kindly send out e-mails when things are set. I'm already subscribed to receive updates about the project. Cheers

[LordDarkHelmet]

Sponsoring a NASCAR car right off the bat before any kind of presale is quite a commitment!!!

I am looking forward to this project!

[ionomy]

Don't forget to tune in tonight to watch Kasey Khane Rep the DarkMatter NASCAR!!!!



Check us out on Twitter! https://twitter.com/inflationsucks

[ionomy]

What is the outlook of the US dollar over the next 50 years? 

Don't fool yourself... $USD is not a store of value.

[lKSLMNSLKnkndlksnkJ]

I disagree with that chart.

The truth of the matter is the dollar is only worth 3% of it's original 1913 value, inflation is running way higher than official statistics indicate, and the rise of cryptocurrencies are adding additional pressure on the banksters.

Major countries around the world are moving away from the reserve currency in trade, leaving the US more isolated; and, when the abandonment picks up speed, the dollar will crash by orders of magnitude compared to that chart.

That chart looks like it was produced by the Federal Reserve itself.  That chart is so optimistic, you'd have to have been living under a rock for the last 20 years to think the dollar has even 5 more years in its current form, never mind 20.

Besides all that, dollar shortages are already cropping up and the Fed is doing QT at 50 billion per month.

To prevent a hyperinflation of the dollar, they will be forced to devalue or create an alternative dollar to be used only in the US.  By the time that starts to happen, all hell will break loose far faster than any of us can imagine.

Hold onto your cryptos, gold, and silver, folks.  It is going to be a wild ride.

[ionomy]

The Dark Matter White Paper is now available!

Read why inflation sucks and how your can protect your wealth with a structurally sound store of value.

[ionomy]

Updated White Paper is now out. More information about fee structures and some housekeeping/formatting changes included.

https://www.darkmatter.info/#white-paper

[hashcoin]

How many dark matter tokens will be distributed in this airdrop program? And for how many participants? How much is the total supply of dark matter tokens?

[korvas128]

How many dark matter tokens will be distributed in this airdrop program? And for how many participants? How much is the total supply of dark matter tokens?

Total supply 71,000

The timeline has yet to be published

Spilt details in the whitepaper https://www.darkmatter.info/#white-paper

[ionomy]

Token sale details have been released!!!

Find out more

[sheridannye]

What's your guess about the average for a Dark Matter token in Round 1?

I like the way they're doing Price Discovery in Round One. Especially the Golden Hour idea:

How does Price Discovery work?
On Monday, May 20th, a new market will be displayed on the ionomy Exchange featuring the ION/XDM trading pair. Platform users place bids. These bids are non-binding until execution. No trades will be executed for the first week until the Golden Hour — and in that final hour, the top orders for the first round may execute at any time during that sixty minute period.

What happens in the Golden Hour?
The golden hour is the 60 minute period during which active orders on the books may be executed. Auction participants will not know exactly when orders will fill, but they will know the starting time of the Golden Hour window. Throughout the bidding process, orders can be added or cancelled at any time until executed. Within that 60 minute window, users accept that any orders placed may be filled. The purpose is to ensure that the final bids realistically reflect how much participants are willing to pay.

Ultimately, it's up to the market to decide how much Dark Matter is worth. XDM is supposed to be a store of value. And it's a utility token in the ION gaming economy. The more people create and use ION tokens, the faster the rate of deflation.

I want to buy some but I'm not sure what price to enter my bid.

How much is Dark Matter worth (in USD)?
If you could explain your answer that would really help.

[sheridannye]

I've been watching the XDM/ION market on ionomy Exchange and there's some interesting action.

There were more than enough orders for all 7100 XDM on offer in Round 1, the Price Discovery period.

If the Golden Hour had occurred at the moment of the snapshot I took of the Order Book on Day 1 and Day 2:

• The average Day 1 price would have been 30 ION/XDM.
• The average Day 2 price would have risen to 35 ION/XDM.
  
  

It's worth noting that there are some relatively high bids (over 100 ION/XDM). Bids can be cancelled at any time before Round 1 ends on Saturday. On the other hand, the competition seems to be heating up, so bids that look high now might seem pretty reasonable as the Golden Hour approaches.

I expect things will really get cooking Friday and Saturday when Price Discovery comes to a close and the price begins to rise in subsequent rounds.

In fact, I'll bet that some ION masternodes get taken offline to compete for the best XDM prices available.

The thing is, as participants raise their bids, the lower bids get invalidated. It's not yet a fast moving bidding war, but the bids have already increased since I started writing this post.

Things are moving fast!  Up 17%.  

I still don't know what Dark Matter is worth, but it'll at least be fun to watch the market decide!

[Manuelbk]

will the airdrop start right after the final round?

[jessicadrew]

From what I read on Discord, they haven't announced how or when the air drops will happen.

Check out the distribution chart here: https://www.darkmatter.info/:

Half the Dark Matter supply will be distributed via airdrops. To elevate and sustain interest, the airdrops will be gradual. For those who want to get their hands on Dark Matter now, the other half will be available via an Initial Exchange Offering hosted by ionomy Exchange starting Monday, May 20, 2019.

I wouldn't count on getting airdrops instantly. They say, "gradual."

My strategy is going to be to pick up as many as I can in the early rounds and focus on the airdrops when they happen.

[sheridannye]

UPDATE!
OK, it's the end of Day 2. When I started writing the post a few lines up, the auction price was 34 ION/XDM. While I was writing I watched it tick over to 35.

Now the price is 38 ION/XDM.

That's a 27% jump over the end of the Day 1.

I kinda wish there were a market where you could place bets on what the Discovery Price will be on Saturday. Maybe an Augur $REP prediction market?

[sheridannye]

It's still early on Day 3 of the Price Discovery Round.

Now the average price is 41 ION/XDM.


Another metric is coming into focus for me. The cheapest viable buy price for Dark Matter is going up.


Lowest Viable Bid

Day_1	7 ION/XDM
Day_2	12 ION/XDM
Day_3*	20 ION/XDM

*Note: This is just the early part of Day 3.

The lowest bid is calculated based on the limited supply for sale in Round 1: 7,100 XDM. So if a new bidder comes in, they'll have to bid more than 20 to displace the lower bids. That seems to be happening a lot. So maybe bids in the higher range are looking more realistic.

I know 7,100 doesn't sound like a big number when you think of the coin supplies of most cryptocurrencies. Bitcoin will max out at 21 million, for instance. But that's kinda the point. Even though it's a tiny amount, it's still 10% of the entire Dark Matter token supply.

There will only ever be 71,000 XDM at the start. The token supply gets smaller with every transaction. I'll do a post later on how the gaming industry could accelerate the deflation.