DGD holder,
First of all, I would like to congratulate you on having the foresight and technological ability to secure an investment in Digix DAO during the hours-long crowd sale. Thanks to the successful ICO procedures facilitated by the Digix Global team, there are high levels of interest in DGD tokens leading up to the platform's launch. On April 28th, the actions of DGD token holders will begin to reflect in the overall value of the DAO. With that in mind, I ask you to consider the long-term value of the DAO when assessing profit-taking opportunities in the coming months. In the infant days of this corporate governance experiment, it will be tempting to sell large portions of your investment at 10x, 20x, and perhaps even 30x valuations, but remember these transactions will be forever known by other members of the DAO community. For the first time in the history of venture capitalism, ownership data is public knowledge and available for audit on a blockchain. Imagine organizing future ventures such as the p2p lending platforms, decentralized exchanges, or virtual nations mentioned in the most recent Progress Update. Founders could potentially devise DGD reputation systems which consider the token age of DGD in a wallet, as well as the quantity. Such a system may become necessary, as a top 50 ICO investor could dump his/her DGD tokens at a substantial gain yet hold the Proposal Badges to influence the community in the future. In other words, there may one day be additional value in holding ICO tokens over DGD tokens purchased in the secondary market. As DigixDAO builds the industry standard in digital gold platforms, the DAO community must continuously focus on productive efforts to enhance the architecture of the global DGX market and maximize daily DGX transaction volumes, all to the benefit of DGD holders. As DGX gains widespread popularity and traction, DGD tokens could one day become the most attractive asset to own in the global financial system. On April 28th, remember to keep thinking long term.
3 Comments
4/19/2016 12:40:58 pm
Hang on to your coins everyone! This is going to be an interesting journey.
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Buying Selling or Holding are decisions that the people who purchased can make for themselves. Telling people to HOLD without presenting a compelling case for adoption,utility and usage will fall on deaf ears. We bought what we thought was a strong concept and its now to the developers and principals to deliver on that concept with a market ready product and process. If they deliver then growth and adoption will occur. If you are seeking to be the GOLD STANDARD then your work needs be world class and provide investors with investment grade infrastructure support and auditing procedures. So far we have seen a crowd sale. Let's see what they actually deliver. Selling will be a message to those who promoted a vision and delivered not enough to entice anyone to hold for the future. If they dont get this exactly right. You can expect instant repudiation with people leaving and selling out in droves.
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tlogs
4/19/2016 05:36:04 pm
Stan, you are completely right there is a lot of work to be done. By no means is this meant to be taken as a 'hold at all costs' message, I agree that DGD holders should sell at high valuations that they perceive to be unwarranted based on progress and market conditions.
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AuthorTyler Logsdon is a CPA and Registered Securities Representative located in Newport Beach, California. He is actively employed in the blockchain industry. Categories
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