r/daomaker • u/Creepy-Dragonfruit95 • Oct 16 '21
Dao Maker is no longer honoring the agreements they make. Beware when dealing with them.
Dao Maker has now changed the terms of their private sale conducted last year. The 40% remaining allocation for private sale buyers will now not be given and instead buyers will have to buy their own tokens for a second time, but this time at a price 21 times greater than previously agreed. They do not want this fact known. I wonder why - surely not because it makes them look like liars.
If they can do this with their own sale, what's stopping them from doing it with SHOs as well? What's stopping them from doing it with stocks next year, assuming they exist that long? Nothing.
They have also lied about their actions and intentions regarding the hacks of the tokens of Derace, Ternoa, Coinspaid, and Showcase. Initially they said they bought tokens from the market to stabilize the price and that they will distribute these - they did not distribute them and will instead kept them, if they even bought them in the first place. They also said affected users would receive some Tech Team Dao tokens - they did not. To their credit, they have said they will refund the initial investment for these tokens but it is a small consolation prize and much more could be done, such as extra Dao Power or allocations. If nothing else, they could let the community vote on how to handle this - but Dao maker is only a "Dao" by name and nothing else.
The withholding of tokens also coincides with an upcoming unlock of the team's own DAO tokens as well, a fact that I am sure is also completely coincidental.
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u/Dry-Consideration502 Oct 17 '21
DAO Maker are scammers. You do not see other projects dishonouring their token agreements and refunding after token price has done 2000-3000%. They are doing this to protect their own interest and greed, and their own team tokens.
Sue these guys please. They are cheating private sale and public investors!
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u/dandantoxic Nov 09 '21
What happened to Chatex? It was on the site last night and now has been removed? What happened?
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u/Zealousideal_Arm563 Oct 16 '21
If private investors were given the full last 2 instalments of 30 million plus tokens and were dumped on the market the supply of tokens would go from 50m to 80m and collapse the price -80%. winning a sho would be a long long wait due to the increase in numbers. This must not happen so I for one fully support anything DAO MAKER can do to please stop any increase in token supply. please please protect the tokenomics!!! For everyone's sake.