Yes it's usually how lame scams die, in total indifference.
Guys I don't want to say about DIG it's a scam or not because there is no how I can check 100% . Many projects were not scam but we lost on them 95% of theirs value since Jan. So if you know this saying , just don't put all your eggs in one basket .
What I know for sure though is that right now as the market stand I don't see the value in investing in DIG . The reason being is that the benefit of holding DIG seems to be mainly the claim that this will be 1$ backed coin right ?
While this sound line 10x guaranty potential for each dollar you invest in DIG, conditional upon if confirmed that there is no scam behind , one thing is 100% certain if you ask me :
Almost 90% of cryptos on coinmarketcap are having now the same 10x growth potential that DIG is offering, at least 10x. Why? Well because the market is crushed . Great projects lost so much since the ATH. So where is the benefit of DIG ? Do go 10x you can do with any trusted established veteran coin (just open the top 100) shortly after the market recovery . Hence why to take a risk with scam accusations if you can play it safer and park on a more safer project.
Conclusion : it's maybe not a scam project but I wouldn't write this back in March. I don't see this market staying at 200 bln for a year. It's just the market potential and momentum now are so high that DIG in my view lost a lot of its attractiveness : after do your own research , this is not a financial advise .
Even if this weren't an outright scam, which it sure looks like, the entire model is flawed. What does "backed" really mean? It has no meaning. Unless you have a financial mechanism for converting the value of the gold held into value in crypto, "backing' is an empty term. Look at the stable-coins. They achieve backing because they have traders and/or contracts that literally sell or buy the stable coin using FIAT or using ETH/BTC or to stablize the movement. That is backing. Its backed because there is an entity or mechanism built in to buy/sell against/for the token to keep its value in line.... There is nothing like that in the DIG plans. The promise is well if we own gold, this smart contract listed on an exchange should be valued the same as the gold we have. Makes no sense. No mechanism to achieve that. They don't even begin to the sophisticated, programming or financial, to pull that off.
Never mind that they don't have the gold, they don't have miners, they don't have anything except a website and some press releases, but even if they did it doesn't mean anything in terms of the value of the contract. What they are really hoping is that the promise of "Backed" token will leads to price appreciate purely based on hype and sentiment. That's what makes it scammy. Its obvious they have no real intention of carrying out any legitimate business. Its vaporware.
Exactly.
And tip of the day: when a coin has a daily trading volume of a few $100000 (and even below a few $millions/day), it's a pure shitcoin/scamcoin that nobody wants to touch.
Enjoy the long grinding decline to 0
The most important thing in trading cryptocurrencies is optimism. And calmness. There's a lot of FUD around, you do not have to pay attention to it.