DBME Decoupling
You have been hearing from me and others from the blockchain industry about the federal government's efforts to rewind their mistakes made over the past 13 years since the emergence of cryptocurrency and the underlying emerging technology called blockchain in 2010. They're screwing that up as well.
Meanwhile, there are companies around the world that are building value and credibility with customers and partners outside of the United States. One, you've heard about from me in the past, as I am an advisor, is Databank.me. Below is CEO Tom's update in regard to this week's news.
Blockchain Economy Metrics
Here is an updated 26-minute corporate presentation if you'd like to learn more in-depth about Databank.me?CLICK HERE
Dear DBME Community,
While the rest of the crypto industry spiraled downward, one crypto held its ground - DBME - proving that our crypto is “decoupled” from the FUD of the crypto industry.
FUD = Fear, Uncertainty, and Doubt
One would assume that with the banking industry being the largest lobbyist on Capitol Hill in Washington DC would make them the main source behind this FUD because they don’t want to lose control of your money. In fact, they often see it as their money. Known fact: Bank of America holds more Patents on Blockchain than any other organization in the world.
As you may be aware, Bitcoin has been the lead horse in price moves over the last 12 years, and most, if not all, cryptos follow lock and step with the price of bitcoin - It goes up, the market goes up, it goes down the market goes down.
But we noticed something interesting over the last 9 months - DBME does not follow the price of Bitcoin. In the last 9 months, DBME has gone from .0000006 to .00002250 and as high as .00098, where it was up over 163X - meaning $1,000 turned into $150,000 in value - And, in recent days, with the leveling of all the SEC charges against CoinBase and Binance, DBME has held up in price while every crypto in the industry tanked.
4 reasons why DBME’s price did not tank like the rest of the industry after the SEC's announcements:
Utility
Our members use DBME tokens to upgrade subscriptions, pay renewals and admin fees, and we burn 90% of the tokens in the transaction. Much like video games use tokens for upgrades in the game - we create market turnover in the same respect.
One thing that you don’t see in 99.9% of the cryptocurrency industry is what you see on our blockchain -?“Buy Product”.?Most cryptocurrencies have exclusively exchange-traded transactions, making them more of a security rather than a currency.
Usability
Members can now buy products and services on the industry's first 100% cryptocurrency marketplace. While this will be a local to the global marketplace, we realize that, much like Amazon, it will take years to develop. One thing leaders should do in each of their cities in set a goal to have 100 providers in their local market on MyMarketplace so people can enjoy the confidence of spending DBME.
Using it as a currency establishes trust and an additional dynamic of liquidity that is important for a crypto ecosystem to have.
Member-owned
Members control the Price, Volume, and Liquidity of the DBME token. We are simply building the platform that empowers our members to determine the destiny of their tokens. We are making moves to decentralize every aspect of the DataBank.Me platform with ambitions of being a DAO or having an Ethereum-like foundation that determines the company's future direction. This will take a few years to establish as we migrate the centralized aspects of our business over to decentralized.
For beginners - Decentralized means the company has no control over certain business model aspects.
If you want the token to go up in price, you can do four things.
领英推荐
It is really simple - the only thing that makes a token go up in value is positive buy-side pressure on Pancakeswap - the more subscriptions sold, the higher the price could go.
Principle Centered Tokenomics
The company will NOT engage in putting out “pumped” press releases, utilize fake volume bots or conduct wash sales to falsely inflate the trading volume of DBME - When you see trades or transactions on the blockchain of DBME, you can be 100% confident they are natural transactions within our community.
No Pump and Dump?allowed - No rug pulls and No front running trades. The company has NOT provided any liquidity, and nor will we - You, the members, are responsible for taking ownership of the DBME token, buying, selling, transacting, providing liquidity, and sending it to the moon.
Real Metrics that Matter
DBME is focused on creating an autonomous economy that can survive a fiat currency meltdown. To do this, we must FOCUS on the most important data metrics that make this economy a reality.
Wallet?Holder?Count?
Many of you don’t know this, but the number of independent wallets that hold DBME is key to our success. Wallet count determines the number of subscribers who OWN DBME tokens. With the creation of MyWallet, we will be opening thousands of new wallets per day, and we have a plan to make sure there are DBME tokens in every wallet that purchases a subscription.
The more wallet holders we have, the more exchanges will list us for free. More exchange listings create more awareness and liquidity for our DBME token.
Here is an educational video on Wallet Count
Free Enrollments to Paid Enrollments
Obviously, paid enrollments create positive buy-side pressure on Panckeswap on the initial purchases and ongoing renewals, as 15% of these transactions automatically buy DBME tokens.?The higher the conversion ratio the more buy-side pressure on the DBME token.
Total Transactions - Token Turnover as a Currency - The more we see people using the token to buy subscriptions and products and services the more we will know our ecosystem is flourishing. Our goal is to have parity in exchange and “Buy Product” transactions.
Educational Video on Blockchain Ecosystems - What to Look for?-?CLICK HERE??
Notice none of these core metrics are focused on token price. We understand that if we constantly improve the metrics, our token price will continue to rise, and our max token supply will continue to decrease, making the token more scarce and valuable.
It is my hope that the members of DBME will realize DBME is a different animal - We are not one of those “Crackhead-Crazed” tokens that are here today and gone tomorrow.
Embrace this education and educate others - you get paid 70% for that. The new comp plan is coming July 1st, and it will be game on for the builders who want to spread the SuperWallet gospel!
Invest in YOUR economy - buy some DBME tokens or sell a subscription?today! -?CLICK HERE
Be Enriched,
Tom McMurrain
CEO