Team still wont answer about CEO day trading funds
Team still wont announce if the CEO quit or was fired or why
Do they have enough capital to reach their long term business goals?
Can anyone give an update or provide inside info? Please no shills, just looking for serious answers to those specific questions.
Any dag investors here that can shine some light?
not sure i understand, what should i learn?
Don‘t buy into scam projects
This was an obvious pajeet PnD
You got scammed at a constellationary level.
Doesnt feel like a scam. This is a US team, I doubt its a scam. something is sketch tho
Not a scam just a shit team. They can't stop fucking up and that's not changing any time soon.
I tired to ask these questions in their TG and they got defensive fast. didn't care either just said if I don't like it leave. Wtf
Insider here. Get in now.
Lets assume they were day trading funds and lost most of what the original investors put in. What can anyone do about it if they are a US team? And if they refuse to talk about it, how can anyone find the truth?
As someone who was following dag until recently this is how they behave and why I will never invest.
These threads always make me think of crazy person shuffling along talking to themself
1. If they stay silent: They quickly burn through their remaining cash and go bankrupt. However there is still a chance of a 2nd funding round (they are trying this).
2. If they speak and tell the truth: Same as above, except no chance of getting additional funding. Coin crashes, trust vanishes,
3. They speak and lie that everything's alright: They would be soon visited by the SEC partyvan.
This
This seems the most plausible. How do you know they are trying to raise more funds, have they made it public?
Really hate myself that i felt for this shitcoin. Better go with china hustle xyz because they at least care to keep up the appereances of their scam. This project is dead.
Why are you shilling? There is no volume to get in or out.
They have been hinting a second ICO around EOY...
No proof
Is this in any of their material or announcements? Is it strange they raised $33mil and have a small team and small expenses but somehow need to raise more money in the same year? I think that really starts to prove the allegations about losing investor funds are true.
OP here, what do you mean by no proof?
I haven't looked through all their announcements, but this have been going around in the community without official denial. Which is strange, as the team is usually quite active and talkative except for certain topics.
Option #1 ftw
Only a brainlet would give them more money after pissing away $33m
> In 6 months to be exact. That's a level of degenerate gambling I've never seen
So to be clear the things they wont talk about:
CEO/Team day trading funds for a huge loss
CEO disappearance and why
How much money they have left
Are they raising more capital
All 4 of these things have one common thread, they wont talk about it and get extremely defensive when asked. Where there is smoke, there is fire
Anyone not buying right now is a massive retard.
Do you have a valid argument against what's said in this thread, or just paid to shill and have no ideas anymore
> Kek
Lets say I was stupid enough to buy while its pretty clear the company is near bankruptcy.. Where can I buy $25k right now? Oh thats right, no volume. Shill somewhere else please
Been following dag since the begining and it looks like they have reached a point they can't recover from. At first I thought they had major potential now they just look broke and desperate desu
When has a second ICO ever been hinted at? There is no indication that they are anywhere close to insolvency. It is extremely likely the CEO has stepped down but they need to find a replacement before announcing that. Was he trading funds? The fact that they won't talk about it makes it likely but what constitutes trading? Is simply diversifying the ETH raised into BTC or USDT trading? Their fund allocation is broken down by percentage in the new whitepaper as well. They are absolutely not obligated to release their financial records to a bunch of anons.
The situation is very sketchy and beyond picking up 100k or so as suicide insurance I wouldn't exactly recommend this coin to anyone while everything is up in the air. These rumors are getting ridiculous though.
I heard rumors they were going to raise another round here on Jow Forums. But I never saw them outright say it, thats why I was asking. But I have seen it mentioned on their TG and they dont seem to refute it.
Per the funds trading, they raised money to fund their project. That means cashing it out of crypto and into dollars they can spend to build their company. At a minimum keep it in USDT.
I agree they dont have to show their book to anons from Jow Forums, but most of us are investors and are/were in their community before most of us were banned. If they did anything outside of cashing out the money they need to show the investment community what happened and what they have left. I dont think they will ever do this though because I think they lost an embarrassingly large amount of investor money. Also they wouldnt need (going on 3 weeks now) to explain whats going on.
They don't need to find a replacement before announcing the CEO stepped down, it's been 2 months since it happened. They should have found a new CEO by now
they look insolvent the level of spend you are seeing is not what a 33m company spends. Outsourcing VP of product engineering really?
>they continue to sponsor events and organizations like TC Disrupt, MOBI and Hyperledger
>if you take a look at their discord ylu will notice active discussions with their dev team
>VP of Product is a shitty title to give someone who was fairly uninvolved after the ICO. They probably gave it to him because he has known the team for quite sometime. I won't defend that because it was a retarded decision. He was granted that contract before the ICO even finished so that point is moot.
I dont think anything mentioned here is proof the allegations facing them arent true though. They did pay for those events and partnerships and they do have a few developers chatting and working. But this doesn't prove they are solvent for the long term, instead it shows they are just getting by.
Small team, a couple paid partner programs, a couple paid events. Thats not what a $33Mil company looks like, thats what a $3-4Mil company looks like.
But they didn't replace him either. CEO, VP of product engineering and some other guy quit and no replacements. Signs of financial or legal trouble
For real they look like they have a couple million at most.
Project is dead if that's the case
>small team
Literally bigger then Holo's team, same number of engineers too. This is the on-site crew and there are others that are remote.
You forgot to Photoshop out the people who aren't there anymore. Kek
I'm in their TG right now. It's funny how they keep pushing the idea that this is about accumulating dag cheaper. 3 weeks later with nobody accumulating and they still don't understand this is all the banned investors looking for answers. Some sold some still holding but all want answers
Wish I could see it but im banned like most of us. Im not worried though, more people get it than dont and we have alot of support here. They cant avoid the big question forever.
It's been two weeks.
The kid that quit was remote and was put on the team by that japanese investor that is gone too.
Is there evidence that the kid who left went with the Japanese investor or is that a rumor? What was his position in the company? What was his relation to the Japanese investor?
can anybody report this project to the SEC? I want the team to suffer and dont care my dags go to zero
If the allegations are true (which most people don't even deny anymore) then your dag is going to zero anyways. Hodl and shill tho
>def gonna work faggot
The team doesn't even deny it. This project is beyond repair
CEO walked out for a reason