Two-step Plan:
Although DHM is a hashrate token, the long-term plan of the entire project is by no means limited to physical mining. With the opening of DHT mining Pool C, D, and A in Q2, users will see a growing role of DHT in this project.
Users who hold DHT, DHM’s governance token, are shareholders of DHM’s mining ventures. Besides, DHT holders are eligible for voting to open hashrate mining pools for a variety of tokens other than Bitcoin.
As introduced in the previous story on DHT’s utility and evaluation, Dhash is developing derivative markets using DHT as collateral.
By partnering with other platforms, Dhash will give DHT exposure in the ecosystem and draw rapid liquidity into DHT and its underlying token, DHM.
First, the opening of Pool C, D, A will build a decent DHT trading volume to get it ready for bigger markets. Once the derivative market opens, the price of both DHT and DHM can increase.
This is the two-step market plan.
DHM Evaluation
First of all, in terms of mining rewards, DHM has introduced multi-token and multiple ways of staking to provide diverse incomes. Therefore, DHM is also a DeFi project. In addition, the launch of the governance token allows users to enjoy more autonomy and truly direct the project to their own liking.
DHM opened pool 1 and pool 2, to lower the barriers to entry for users to participate in Bitcoin mining. These two pools make Bitcoin mining easy and produce a high yield. At the same time, pool B was opened to empower the users.
The next plan of DHM is to add a multi-token mining pool, including many popular tokens, to increase revenue channels and move along with the market development.
In addition, DHM will also consider adding a variety of products in the ecosystem such as financial derivatives, to bring a premium experience to users with different needs.
Interpretation of the roadmap on the long-term plan: The DHM tokens peg to Bitcoin hashrate. It reduces the barriers to entry for the public through the tokenization of hashrates. Meanwhile, live-data published by the third-party monitor, MineBaba, safeguards the security of this project.
Profit Models Comparative Analysis
DHM possesses a product design that is more mature and a set of DeFi functionalities that is more diverse.
BTCST adopts a single token model, while DHM adopts a dual hashrate token and governance token model. DHM‘s model distributes governance tokens as rewards to users who stake DHM and provide liquidity; it also features multi hashrate token mining. These traits increase users’ sense of involvement with mining and provide an easy onboarding for users to DeFi as well as physical mining. It also provides diversified DeFi products and incomes. Compared to BTCST’s price, DHM, launched half a month ago, has a lot of potentials.
