CEO of DigixGlobal considers full liquidation of DigixDAO's $54M treasury holdings

DeFi ProtocolsNovember 25, 2019, 9:52AM EST
UPDATED: March 16, 2022, 3:22PM EDT
CEO of DigixGlobal considers full liquidation of DigixDAO's $54M treasury holdings
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DigixGlobal, the company behind one of Ethereum’s earliest ICOs, DigixDAO (DGD), is considering a full liquidation of its treasury and returning the remaining funds back to DGD token holders.

If you recall, DigixGlobal raised over 460,000 ETH back in 2016 (worth about $5.5 million at the time) in order to put “gold on the blockchain” using a two-token economy which consisted of:

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