/biz/ - Business & Finance

>>15291607

it's akin to a stock buyback.

there are 400,000 ether in the DGD smart contract : links in OP. Those ether are worth $75million usd.

Total DGD tokens is 2,000,000 and they are currently about $19 each which is $38 million.

It's the same thing as saying the marketcap of a stock is only $38 million but the company has $75 million in cash. Doesn't make sense right? The company would do a buyback of it's shares to and bring it to par where the stock value = market cap.

DGD voters are proposing the same thing.

Currently there is about .195 ether per DGD token.

The current market price is only .103 ether per DGD.

This means that when the vote is finally pushed through... you will be able to swap every DGD you own for .195 ether. At current price that is almost a 2x.

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 0.104 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

Over 30% gains since I started posting 2 weeks ago. Plenty of time to get in for the easy 2x.

The voting phase is now official. Results will be in within 14 days.

Dgd/Eth has already risen from .08 to .110 during the last two weeks that I've been raising awareness.


Also beware:
https://community.digix.global/#/proposals/0xf26b62b8889e85f1d403122d92c4ba7157795ee0b99d73ace84ad1defd1347cd

Some idiot is trying to get $5 million (20k ether) from the DAO for his 10 page shitty proposal. This is EXACTLY why the burn feature will be implemented. Idiots trying to drain the DAO with first grade level proposals.

Incredible trading opportunity. Wake the FUCK up folks.

>>15217535
Jan, Feb, March.
April, May, June
July, August, Sept.

>next quarter.
>3+ months

2 weeks for the vote. 1 week for the reveal. That puts us mid september. Programmers implement. Come start of "next quarter" >October
The burn fee is voted and implemented.

Your 3 month 90 day fud is funny. Must be a fun life working as a wagecuck. It's going to feel great next week when you are helping me shill because your paycheck finally arrived to Binance.

Free money for 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

>>15051963

I did not say it was approved you fuckface dickwad. read >>15051800
you autistic bitch. everything has been explained and laid out for your baby face. I chewed it up and spit it out on the plate so that you could slurp it up. virgin .

ere 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

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.
Tomorrow July 25th, the developers of DGD are proposing 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.

>>14961570

You can verify my sources by scouring the Dgd developer discord and reddit or you can simply wait until tomorrow for the official PDF announcement to be released.

I've bought and now I wait.

Join me or don't. It's free money after all.

The earlier you buy in, the more you stand to make.

Wait until the ethermoonboys over at r/ethtrader learn that they can make free eth with no risk. My god this thing going to reach the .175 eth/dgd floor price in absolutely no time.