Yeah, I looked at it briefly, just the premise seemed a little better. The key with tokens like that, is what kind of token is it?
Is it a dividend token?
People who invest in dividend tokens are going to get burned hard, tokens like TenX. They are dumping into the token based on the hype. But if you come from the world of stocks and bonds, you know how the market prices dividend shares or bonds in the end. They get pegged at an annual interest rate, and that interest rate determines their value especially in the case of TenX where that interest rate is 100% of the value of the coin.
So when TenX starts paying dividends, and people find out they are now earning that amazing 0.5% annual interest rate, they are going to realize how silly that is and dump the token.
Dividend tokens are great, but US investors are going to be penalized for even touching them, and then also, if they are not priced based on interest rates, but hype, they are not worth touching. Not sure if OMG is a dividend token.
Agree. I don't believe OMG will be a dividend token. My take (and all of this could change as they release more) is that OMG will be an "intermediary" token between cash and the crypto world, sort of similar to Tether when it's working properly sans the bank account and KYC process. I'm not entirely sure how the OMG team is going to make this work, but I'm anxious for their first release in Q4 2017.
If my view is correct, the OMG token's demand will come from the fact that you have to purchase OMG with fiat before moving into another crypto currency. I'm not entirely sure how to account for that demand yet, though. The total supply of the token is 140,000,000 but I don't know if that's fixed or if there will be an inflation peg. Further, if they target partnerships with the likes of Venmo this could be a huge boon to OMG. All speculation on my part for now, but something I'm closely watching.