The Search for Utility in the Ethereum Token World

3 min readSep 1, 2019

Attention: This article only aims to provide information as a form of awareness and provoke reflection to the reader. All information presented in this and other articles comes from the opinion of the author. I am not responsible for your gains or losses. Do your own study and invest at your own risk.

Ethereum is a very promising platform. Here we have the ability to execute smart contracts, create decentralized applications using Blockchain technology, and transact Ether and various tokens. Because the contract is unchanging, the applications are faithfully functional and do not allow third party censorship, fraud or interference.

It was founded in January 2014 by Vitalik Buterin and presented to the community as a whitepaper. Initially it was a crowdfunding project, known as the third largest project ever funded in this way in history, and was launched on July 30, 2015. In 2016, there was a fork in Ethereum, with its blockchain split in two thanks to the collapse of The The DAO, giving birth to the Ethereum Classic.

In mid-2017 and 2018, there was a shower of new tokens and coins, along with ICOs. The problem is that many of these new tokens and currencies were scams, serving only to accumulate money for developers and ultimately the exit scam.

What are ICOs?

ICO or Initial Coin Offering is basically a type of crowdfunding using cryptocurrencies. An ICO may be the source of capital for Startup companies. Anyone, company or individual, can be an investor and fund the project.

Good projects often feature a well-made website, whitepaper, development team, and a “Why invest in the project” section explaining the qualities of the project. You are offered the option of investing with Bitcoin or Ethereum most of the time, but may vary from project to project. In return, investors receive the presented currency or token.

A beautiful trap

As beautiful and attractive as the proposals seemed to be. There were still those that made no sense and offered no utility to the created token, only for speculation by deluded investors. In the end, many lives were ruined financially and other dishonest profiteers got rich and disappeared from the map.

Ethereum’s platform is very interesting and fruitful, generating a diversity of new tokens. However, you should look closely at the projects: development team, whitepaper, objectives, and if there is a utility for the token, such as the DMME token.

What is DMME?

DMME is a future messenger application that uses blockchain technology and encryption to work. Security, anonymity and total user control over your contacts, allowing authorization or blocking them are some of its qualities. One nice thing is that you don’t need to use a phone number to register, you won’t be tracked. The application will be paid, after all will have no ads and part of each application will be given back in ethereum to the community, which will be implemented in the future. Read more about here.

Token Specifications

Ticker: DMme
Type: ERC20
Total Supply: 60 000 000
Decimal: 18
Contract address: 0x9556f8ee795d991ff371f547162d5efb2769425f

Staking Rewards — Utility

By holding DMME, starting with 100 units, you get, on a monthly basis, a reward of 5% of the insured total. A token must be stored in wallets that support ERC20 tokens (Ledger, My Ether Wallet, and Metamask).