/biz/ - Business & Finance

The CEO of DAG made a deal with Satsgang a notorious pump and dump group to help him pump their shitcoin back to life after they were caught day trading investor funds, lost all their money, and fired all their staff including VP of Engineering, all marketing people and all developers.
Now this scam is getting exposed and hopefully people on biz will finally understand that there is one group dominating biz. All the shill threads for DAG, RSR, QNT, MATIC, OCEAN, COTI, RLC, ONE, and many others are the work of one pump and dump group. They are pumping their shitcoins by spamming biz and twitter looking for low IQ idiots to scam.
Most of their threads are the same person using a VPN and they carry on long conversations about how amazing each token is. Meanwhile anyone reading who decides to buy is dumped on by their massive stacks.
DAG is their #1 target. They have multiple admins in their telegram and dominate all conversation in their community. They beg you to buy and hodl while attacking anyone questioning the validity of their claims. This scam needs to stop.

I want to disprove the main FUD around Constellation Labs (DAG). I am a bag holder and see DAG constantly fudded on biz. Normally a little fud doesnt bother me but in the case of DAG i really havent seen the team or community give responses that assure me it isnt true. I tried to ask the community in telegram and lets just say they were very hostile about a legitimate question. Here is the fud, please debunk it with evidence to back it up. Links or screenshots of official statements or even private statements from team members would be fine. Please dont post shills about how awesome the project is, i already agree with you. I am just trying to do some due diligence and having trouble doing it through traditional company communication channels.

1. The team lost $33 million presale investment. I know the team raised money recently so evidence suggests they ran out of money.
2. If #1 is true how did the team run out of money so fast? Seems like a big amount to go through in such a short amount of time.
3. The former CEO was caught day trading investor funds for losses. This was posted a million times last year and I wasnt sure if this has been debunked. I find the whole event suspicious because the team wouldnt confirm or deny it happened but the CEO disappeared and surrendered all his tokens which is abnormal.
4. Satsgang is running the community and telegram channels. I saw RNO3xx admitted to being part of Satsgang and he is a telegram admin. What other Satsgang people are operating in DAG? What is Satsgang and why are they so interested in DAG? Are there any risks having them as part of our community?
5. The whole team abandoned the project, only 4 people left. As far as I can see this is true, even 2 of their co-founders left.

I want to disprove the main FUD around Constellation Labs (DAG). I am a bag holder and see DAG constantly fudded on biz. Normally a little fud doesnt bother me but in the case of DAG i really havent see the team or community give responses that assure me it isnt true. I tried to ask the community in telegram and lets just say they were very hostile about a legitimate question. Here is the fud, please debunk it with evidence to back it up. Links or screenshots of official statements or even private statements from team members would be fine. Please dont post shills about how awesome the project is, i already agree with you. I am just trying to do some due diligence and having trouble doing it through traditional company communication channels.

1. The team lost $33 million presale investment. I know the team raised money recently so evidence suggests they ran out of money.
2. If #1 is true how did the team run out of money so fast? Seems like a big amount to go through in such a short amount of time.
3. The former CEO was caught day trading investor funds for losses. This was posted a million times last year and I wasnt sure if this has been debunked. I find the whole event suspicious because the team wouldnt confirm or deny it happened but the CEO disappeared and surrendered all his tokens which is abnormal.
4. Satsgang is running the community and telegram channels. I saw RNO3xx admitted to being part of Satsgang and he is a telegram admin. What other Satsgang people are operating in DAG? What is Satsgang and why are they so interested in DAG? Are there any risks having them as part of our community?

6. The CEO of DAG, Ben Jorgensen, made a marketing and community management deal with Satsgang to help pump up their coin. This one depends on #5, but I did see them all come in at once and suddenly our project started going up after a year of sinking.
7. The USAF partnership is just a small business grant. This one is i have no idea.

This is a well connected team in Silicon Valley surrounded by the worlds largest tech community along with largest tech investment community. How could not a single one of them invest in their token.
The price is now almost zero and been dumping since it came out in early 2018. Obviously they are at every event and their techs participate in all types of blockchain related groups.
What could possibly be the answer why the entire silicon valley community has no interest. If they are actually creating game changing technology and you could buy it literally for almost nothing wouldn't they be buying it up.
Something doesn't add up here, someone please explain.

WE SUMMON THE GREAT MENTALLY ILL SHILL FROM CONSTELLATION LABS. IF YOU POST ANYTHING NEGATIVE ABOUT DAG ITT AND THE SHILL ACCUSES YOU OF USING A VPN YOU WILL RECEIVE GOOD LUCK FOR THE NEXT 30 DAYS

SHOW YOURSELF DESPERATE BAG HOLDING PSYCHOPATH, SHOW YOURSELF AT ONCE.

Constellation Labs $DAG down 99%
All smart money is officially out, all whales dumped, nothing left but delusional shills hoping to get a quick pump and dump their shitcoin
Team is out of funding within 8-10 months
SEC violations galore, they raised over their hard cap, day traded investor funds and there is a rumor they even sold futures.
Not a single team member has any real world crypto or business experience.
Team has mostly abandoned their community and refuses to answer difficult questions

Without a doubt the most hated team and community in crypto, their delusion is unmatched

My prediction: They go under $.0001 before Christmas

So here we are, another day with the team dodging day trading allegations for massive losses.
If you are looking for the fake fud narrative being pushed by Constellations own PR team this isnt the place. That story is complete bullshit used to deflect for the 3 months long fud campaign about the former CEO and other high ranking team members day trading away their investment funds for losses. Outside of that there is no other major fud except the fake stuff being pushed by the team.
Why the day trading matters so much is because according to the inside source the company does not have the capital to survive until years from now when the tech is rolled out into the market (and that is, if the tech itself will even work which is a stretch).
Shills are lying to the public with full support of the team, and the community has turned into a toxic cesspool of lying moonbois hoping for one last pump to get out of a shitcoin with no volume. They are hoping to dump those tokens on unsuspecting investors here in 4chan and elsewhere and they need to be stopped.
I am willing to drop 10 ETH to anyone able to get an official team member to make a statement that in fact they did or did NOT day trade investor funds. They wont ever be able to do that without setting themselves up for a class action lawsuit. So if you really want to know if they day traded away all their funds and the company is about to collapse, just get them to answer that question. If they refuse, you know exactly what happened without a doubt. Hundreds have asked in their TG, none have succeeded. Good luck anons.