[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 108 KB, 1105x642, 1ECABC7C-C4C4-4173-8933-3035F2C9D918.png [View same] [iqdb] [saucenao] [google]
15166421 No.15166421 [Reply] [Original]

Attention all brainlets

Buy DGD

DigixDAO is a Decentralized Autonomous Organization that is controlled by token holders.

They did an ICO in 2016 raising $5,500,000 in funds (466,648 ether).

Currently the DAO has the custody of 394,900 ether from the funds (remember, token holders control this).

https://etherscan.io/address/0x75bA02c5bAF9cc3E9fE01C51Df3cB1437E8690D4

https://etherscan.io/address/0x24626FD95aD815bAB2136d6f91cA10562161CDa3

The access to the funds is through a governance model in which token holders make proposals and vote on them to be implemented.

Currently there is a proposal for implementing a new function/contract that will be burning DGD tokens and spitting out the ethereum that is held by the DAO.

The amount of ETH that someone burning a DGD token will get is 0.197, the current price for DGD is 0.085 ETH. That means is a 2x from here to reach the new floor.

Now the token price can never ever be below 0.197 because now the full supply of DGD is backed by the ethereum in the contract.

Tether is backed and pegged to dollars. DGD is going to be backed by ETH but no pegged so it will only increase in value.

https://community.digix.global/#/proposals/0x295ae203328a91bd9063f4384b270461437910ccdd26ba3ded2cac2890b16ac5

>> No.15167102

unironically bought some last night. Thx op. Sell target?

>> No.15167223
File: 481 KB, 700x700, 1564193372134.webm [View same] [iqdb] [saucenao] [google]
15167223

>>15167102
0.197 is the floor, so I'm selling at 3x from here

>> No.15167420

>>15166421
Funny thing is anons are so used to seeing scams that most will just dismiss this. I bought in at around 0.085 when I first saw this posted, and it just touched 0.11.

>> No.15167442

problem with DGD is there is no liquidity. I was a holder of about 26 of them back when it hit $500. I would play the pumps and then it just kept dumping. When the price does move up, there is nobody to sell it to. So the little weiners with 10-20 dgd just dump it to the whale who then sets up a fake sell order to dump his own shares and then you are left not being able to liquidate into BTC. It sucks being trapped in DGD.

>> No.15167626

>>15167442
The liquidity won’t matter. If there’s a price floor with 390,000 ether at .19~ you can offload as much as you want

>> No.15167855

so in the time you made this thread and it generated 4 replies. The price gradually went up and it just dumped . Congrats on trapping some anons OP

>> No.15167958
File: 33 KB, 300x250, 2343253456.png [View same] [iqdb] [saucenao] [google]
15167958

>>15167420
>>15167855
Let me guess, you didn't read anything.

>> No.15168087

>>15167958
Read it again. I already bought in first time this was posted.

>> No.15168173
File: 153 KB, 1200x800, 23424345467.jpg [View same] [iqdb] [saucenao] [google]
15168173

>>15168087
oops, I meant to quote this >>15167442
Also I bought like 2 weeks ago, now just lurking to see if biz can catch it up before it's too late.

>> No.15169053

Thing is. Most here will never learn. Too hard for them to spend 5 minutes of time reading and doing deductive reasoning.