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15036963 No.15036963 [Reply] [Original]

Here is the leaked PDF

https://www.scribd.com/document/419833744/Dgd-Burn-Considerations

DigixDAO raised about 465,000 ETH in an initial coin offering (ICO) in exchange for DGD tokens. The DGD tokens represent voting power in DigixDAO governance platform. The votes concern the actions to be taken using the raised ETH. Here a burn function is considered for DGD holders to burn their DGD for ETH in DigixDAO. The ratio received would be (Total ETH in DigixDAO)/(DGD total supply) minus an optional “exit fee" of x% of the ETH to be received. Join the DGD Discord, Telegram, Reddit to discuss

All details inside. Very easy opportunity to arbitrage risk free up to 2x your ETH.

https://gyazo.com/750f3e3cd4ecbb3604dd2e9e958c32b4

https://sg.linkedin.com/in/kai-c-chng-540b339

"The exit function will enable investors to trustlessly exit the DAO through a smartcontract, stabilize downward DGD/ETH price movements, remove dependency on exchanges and low liquidity markets, therefore the exit function will significantly decrease risk associated with holding DGD and will attract new investors interested in participating in the DigixDAO governance."

That means there are literally 2x times more funds than marketcap. But... you see DGD token holders don't have a claim to the Eth in the smart contract...?
Actually, they do.
On July 25th, the developers of DGD proposed a buyback of DGD tokens at a rate of .175 Eth ($38) per DGD.
This means that if all 2 million DGD are returned: 350,000 ETH will be paid, leaving 25,000 ETH in the DAO and zero tokens remaining. Effectively setting a floor price for DGD.

Folks, I've personally bought 10,000 DGD tokens. When this is implemented I will have doubled my initial Eth. Any purchase of DGD below the floor price of the buy back .175 Eth per DGD is an automatic profit.
(ps. swap your eth into btc, and buy the DGD/BTC pair. the eth pair has no volume.)

You can buy DGD at $20 with a buyback of $40 price.

$FLO $ETH $XRP $LINK $ADA

>> No.15037719
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15037719

>DGD buy back at 2x current price

>> No.15038248

this shit will never get voted though..why would they even consider doing this?

>> No.15038732

>>15038248

Are you absolutely fucking thick in your head. It's a clear yes to get through.

It doesn't make any logical sense for anyone to vote no:

You have a $1 bill (a DGD). If you vote yes, you now have the ability to trade your $1 for a $2 bill, BUT if you don't want to, there is nothing forcing you to. Someone else may offer you $3 or $5 in the future, but by voting yes, you always get the ability to trade it for $2.

This is the proposal: because the current price is .09 eth per DGD but the proposal would pay out .18 eth per DGD.

Honestly makes no logical sense that the price hasn't shot right up to the .18 area yet, but it's because there is a major lack of information in crypto. Most people have not heard yet of the news, and many more on 4chan are pajeet poor ranjesh scums who think every single post is a scam and have very small brainpower to check.

o for every DGD burned, if a burn fee is in place, each DGD remaining will be backed by an increasing amount of Ether:DGD ratio

So those who don't want to burn should still vote yes. It's simply an added safety feature.

>> No.15038736

>>15036963
Its crazy how many retards fall for that after getting scammed over and over and over.

>> No.15038770

>>15038736

ironically this is no scam at all.

>> No.15038867

I'd never risk this shit personally
But good luck OP

>> No.15038887

So, OP, if I'm not mistaken, you're saying that this is, in fact, a legitimate, non-pajeet scam, arbitrage opportunity and that I would be retarded not to do it? Probably true

>> No.15039211

>>15038887

absolutely correct. you are more than welcome to join the discussion on the Digix reddit, discord, or telegram.

Just wait until the cunts at r/ethtrader find out about this shit. I expect the trade to be profitable far before the implementation actually occurs.

It's literally an opportunity to buy eth at 1/2 the cost, currently.

>> No.15039225

>>15039211

all it takes is one massive eth whale, one hedge fund, or a few thousand 4chan pajeets all throwing their money towards it.

whichever happens, the price will rise upward until the threshhold is met.

>> No.15039325

>>15039211
>>15039225
Nice but still, too risky for me

>> No.15039338

>>15039325
this is why the majority of the world lives below the poverty line.

free chance to 2x your money "nice thanks but too risky for me." *instead goes and buys link or some other pajeet scam.*

>> No.15039349

>>15039211
I did check out both the reddit and discord. This has been talked about for months and the devs are dragging their feet, not to mention they can veto any proposal. The project is centralized enough that this won't ever pass. Horribly dishonest thread.

>> No.15039369

>>15039338
I know but I'm too stupid to not get scammed desu. You dn't know this pain ive been burned before

>> No.15039475

>>15039369
This thing is literally at all time lows, worth an easy punt of a few hundred, or few thousand depending on personal net worth + risk preferences.

Not to mention the buy back would occur at literally 2x of the current price. When the rumors of this start getting wind on r/ethtrader, it will gradually ascend to anywhere from 10-30% below the buy back price until it is for sure set in stone.

We are very early here. I'm feeling giddy as fuck as I just wait for the word to spread and the buy back proposal to slowly gain more steam.

>> No.15039741

>>15039475
Hmmmmmmmmmm

>> No.15040663

>>15039741
you shouldnt need some random pajeet to convince you. if you read the pdf its quite fuckin clear that an opportunity for free money is more than apparent.

>> No.15040691

>>15040663
Yeah but the pdf can be a scam mate.

>> No.15040707

>>15040691

then join the fuckin discord, reddit, or telegram to discuss.

>> No.15040718

>>15040707
if it was 100% risk free, the price would have already risen to the buy back price. there is "some" risk and there is a lot of people who don't know yet. These are the only reasons why the price is so low right now.

Early birds get the worm

>> No.15040780

>>15040707
Did you read the scribd doc? What are you a fucking mathematician bro I didn't understand a word
It just sounds too good to be true

>> No.15040833

>>15040780

read it slowly and sound everything out. It's pretty fuckin clear. try reading the description at the top of the page, it gives the rundown in just one sentence or two.

>> No.15040860

>>15040833
Alright cheers

>> No.15040940

>>15040860

no worries bro. remember nothing in life is going to make you money if its 100% that easy. brainlets will be confused, smart ppl will make $$$

>> No.15041020

>>15040940
BAsed thats why im confused

>> No.15041874

>>15041020
read it a few times and buy some DGD. repeat until no longer confused.

>> No.15041954

>>15041874
How do i know you're not pajeeting me

>> No.15042029

>>15039349
>they can veto any proposal
Cool DAO ahmed

>> No.15042577

>>15038732

faggot I looked into this the other day, there was already like 10 threads on this. Where's the concrete proof that this has actually been voted through? I checked the discord and telegram and no one seems to know exactly what the fuck is going on. This is some send 1 eth here I'll send 2 eth back twitter type scam to try and boost the price and volume of DGD. This will never happen

>> No.15042598

so should I just buy it on binance?

>> No.15043178

>>15042577
it has not been voted through you absolute muck. If it had, I would be buying in binance silently and sending through to the contract over and over until it was rinsed.

The whole reason the price of binance is still so low is because it is juat a proposal at this stage.

it must be voted in before it become set in stone.

the current price is literally 1/2 of the buy back proposal price. its worth a punt of a few thousand.

This thing is literally at all time lows, worth an easy punt of a few hundred, or few thousand depending on personal net worth + risk preferences.

Not to mention the buy back would occur at literally 2x of the current price. When the rumors of this start getting wind on r/ethtrader, it will gradually ascend to anywhere from 10-30% below the buy back price until it is for sure set in stone.

We are very early here. I'm feeling giddy as fuck as I just wait for the word to spread and the buy back proposal to slowly gain more steam.

fuckin shit man the pajeets on here are so god damn stupid its unbearable

>> No.15043194

>>15042598

yes.

>> No.15043295

>>15039475
I 100% just heard from one of my nigger co workers that his cousin told him to buy DGD.

Hard pass

>> No.15043529
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15043529

I know I've struck gold when the fud starts to come out.

Poor guys are stuck underwater in heavy bags and are doing everything they can to FUD me while they pray that their bags will get a little bit of a rise so they can escape them and jump into DGD.

Unfortunately that strateegy just won't work. The pdf has all of the facts. Readers can see straight through the bullshit FUD.

it will be a glorious feeling when I come back here in a few weeks in celebration at the DGD price of 2x the current rate.