Hey everyone, just joined today after finding this thread, now i have to ask is there ONLY 110 UNY token holders in total? this seems pretty low or am i looking in the wrong place? -
https://etherscan.io/token/0x1a986F1659e11E2AE7CC6543F307bAE5cDe1C761Also i do not know why they would not announce the Dev team in the DIG whitepaper? That to me sounds a lil suspect.
Anyway i snagged some at 300 Sats so will see where this coin goes, regardless whether it is a scam coin or not there is still money to be made.
You're not looking in the wrong place. Notice how 1 single wallet holds 94% of all UNY tokens? Yeah. Price manipulation is easy!
It's because there was no ICO. The founders and owners have 94%. Because they have the position to manipulate to a dollar, you think they will?
If they can bring it to 1$ add stability to it by offering to exchange it for gold and make 3to 10% on the process of exchanging it for gold " it has to cost something, ever bought a silver dollar?" And slowly get the other coins circulating while building up bullion reserves that they can access as the price of gold climbs , maybe ... the metals exchange I think is the key to this working , there has to be a fee involved because that's how metals work , as long as they can stay within 1-2% of kitco apmex and the like anyone in crypto would surely consider using this token to make their buys .
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From my understanding of the november version of the whitepaper. There is a 15 yr mortgage for gold that is not dug yet where price has been negotiated today or recently. The weekly payments for the gold will be payed by the proceeds from the mining rigs. So they calculated potential profit from the mining rigs and the gold mining companies accepted this proof of potential income.
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They reported they initiated mining operations in Mid January. There is definitely risk in investing in this token but also tremendous upside if they actually can make this work. Theoretically, if the overall crypto market crashes devaluing all the coins to $0 dignity still will be backed by a dollar of gold. Imagine if these advanced mining rigs exceed expected potential returns? Overall the crypto market is still down from the correction. What if they allow tours of the mining facilities?
Yes. The problem is, you don't even know if they even have the mining rigs set up or even plan to set them up, or if they even have physical gold backing the tokens yet. They can just say that to get a bunch of people hyped about this coin who start buying like crazy, which drives the price up and then the guy that holds over 9 billion UNY tokens, or 3 billion DIG tokens after the exchange takes place sells his tokens and makes a killing which drives the price back down to who knows how low, zero? That's the danger of having a whale hold 94% of all the tokens. If there is a greater disbursement among different investors, it's much harder to manipulate the price because all of those people would have to suddenly dump their tokens onto the exchange to drive the price back down. But, with one person holding 94% of all the tokens, he's the only one that has to dump his tokens in order to make out like a bandit which drives the price back down. Then, he can wait a little bit and do it all over again. Go look at the chart for e-coin and you'll see exactly what I'm talking about. Again, I'm not saying this will happen with UNY or DIG, I'm just saying, with one guy controlling 94% of all the tokens, it could happen.
What your saying is definitely possible and if this is a complete scam that's what they'll do. But if this works they have more incentive to make it work. They project 9 billion in profits after they buy back all the tokens n 15 years. And to make this a real possibility is for the price to hit $1. If they have the position to make it a dollar, wouldn't they? If it's traded for a dollar and the consumers know that it's backed by a dollar of gold . the unforseen is do the mining rigs actually have the capability to make the payments for the gold? Will the crypto market continue to rise? Advancement in technology thats allows more efficient mining can make the rigs obsolete. will they constantly tweek their rigs? how conservatively did they do their math? Looking forward to getting the answers to these questions!