The story of CHO and its elusive utility

So CHO has been created and its utility has been clearly described: DAO decides on what liquidity pools to invest in and on benefits to be proposed to the community. It is set up to manage the ecosystem with the CHO tokens powering up utility, governance, and promotion mechanics.

Also its deflationary characteristics -burning- are clearly described.

But the question is:

What’s the progress on this? There has not been any mention on a DAO for many months.
No utility, no demand.
No utility, no trust.

No demand and no trust = no value.