Read on Twitter
A problem with #DUSD 4 #DigitexCity:
So here is a potential outcome that has been nagging at me for awhile.
1. Everybody mints DUSD like there’s not tomorrow (as requested and required for the exchange to stand a chance of having any markets with liquidity)
(CEO Adam Todd)
So here is a potential outcome that has been nagging at me for awhile.
1. Everybody mints DUSD like there’s not tomorrow (as requested and required for the exchange to stand a chance of having any markets with liquidity)
(CEO Adam Todd)
2. DUSD must be purchased by Adam for market makers using unknown funds. This leaves majority of traders highly exposed at 10:1 token/DUSD & no dgtx/DUSD for a bail out of their CDP if price of #dgtx should dive, dragging the C ratio into liquidation point.
3. With mnost dgtx locked up and majority in the hands of Adam, he can begin to buy/sell up the price on two exchanges which have extraordinarily low liquidity. These are the only ones that count to the index for price on #CMC with any real weighting.
4. Simultaneously, he or his proxies can ramp up the hype machine and somehow (maybe with with extraordinary leverage) stretch the tiny amount of DUSD available across many markets, having to apologise for some not being open because the community haven’t pulled their weight.
5. Just like any pump and dump scheme, the token price seems to continue to a meteoric rise of up to 20c over some time, fueled mostly by CEO's manipulation. Meanwhile, the extend and pretend game is stage-managed, the hype machine is in PR spin overdrive.
The market makers keep 'giving away' more than they normally would because they are using highly leveraged positions and there is an endgame anyway.
6. Investors begin to mint DUSD like there is no tomorrow effectively raising the Leverage of their CDP positions to unsustainable heights (if there's a 40-70% correction from 15-20c down to 10 or less cents), all the while earning their magic APYs & seeing liquidity increase.
7. At the right time, when everyone who is neck deep in DUSD minting, the biggest Trader of DGTX, @realAdamTodd, conveniently flash dumps the token price right back down to 3c support long enough to liquidate the majority of CDPs in one fell swoop.
(lies to trap traders)
(lies to trap traders)
8. From here, there are many possible ways that Adam, owner of @DigitexCity_ (don't even own twitter handle lol), could go. I don’t really care to speculate on that. He owns just about everything from here tho.
(Adam is #Trump. The traders are Mel)
(Adam is #Trump. The traders are Mel)
With all tokens are locked In bonds, uniswap, DUSD and any and all the other half-assed bullshit that locks tokens away for long enough to make sure they will not be able to be pulled out in time for the flash dump of all time:
Is this not a real possibility?
Is this not a real possibility?
Be warned and ever vigilant!!!
