Introducing $DIGITS DAO — DeFi As A Service

Digits DAO
3 min readFeb 8, 2022

Trading is Hard.

A study by the U.S. Securities and Exchange Commission of forex traders found 70% of traders lose money every quarter on average, and traders typically lose 100% of their money within 12 months.1️⃣

Digits DAO was created in an effort to skew these stats in the other direction.

An investment in $DIGITS is an investment into a treasury managed by historically profitable traders. When you invest in $DIGITS, we trade a carefully managed treasury and distribute profits back to you in real time. Put more simply, we do the trading for you.

Now, before you think this is just another “Farming as a Service” coin, let’s dig into how DIGITS is different.

Our Management. Our History. Our Profit.

From January 2021 to January 2022 Digits — Owner, Founder, and Author has achieved a 7,850% portfolio gain turning $100,000 into $7,850,000.

Although I usually keep this information private, I realize it is relevant to share it here with you.

11/12 of those months have had profitable PnL with a maximum drawdown of 14.7%. I’m a trader, not a hodler, so currently at the end of Jan 2022 80% of my portfolio is in stables. I find this last part particularly relevant as most traders’ paper profits evaporated this year while mine have not.

For the skeptics, my wallet is public: 0xf13f7bf69a5e57ea3367222c65dd3380096d3fbf

Digits DAO treasury has been personally seeded with a donation of $100,000 with the aim to achieve similar or better results in the coming year.

No Pre-Sale. No Seed Round. No VCs.

You see being in the space for the last 2 years has taught us a few things:

  1. VCs do nothing but dump on the community. We don’t need them.

2. Seed and pre-sale rounds get their 2–3X’s and leave. We don’t need them, either.

Who’s left holding the bag when they dump?

The community.

This. Will. Not. Happen. Here.

This is a safe space.

As a trader, I am guilty of extracting as much money from protocols as possible…It is part of the job.

But as a builder and a Digits DAO community member it is my responsibility to protect our holders from this dumping action. Holders must be rewarded, the treasury must grow, and we will all meet together in Valhalla.

This is my dream, and I hope you share it with me.

Tokenomics:

A total of 1,000,000,000 $DIGITS will be minted from the very start. No inflation. None of that 8 trillion APY shenanigans.

  • Each transaction buy/sell comes with a 12% total tax. This tax is distributed and split between the treasury, reflection (payments to holders), and Protocol-Owned-Liquidity (POL).
  • 7% goes to the treasury so we can continue to compound our gains for you.
  • 3% is reflected back to you as DIGITS or DAI.e so that holders are constantly rewarded
  • 2% goes to our liquidity pool DIGITS-DAI.e

10% of the initial DIGITS supply is awarded to the treasury, and 15% of the initial supply is awarded to the team. Both are locked for 6 months. We hodl.

The remaining 75% of the supply will kick start the Protocol-Owned-Liquidity for the DIGITS-DAI.e pool. The initial DAI.e for this pool is also solo-funded by me in order to avoid any and all VC or pre-sale dumping behavior.

With no capital raise, there is no one to dump on us.

Long Term Vision:

I will work as hard for Digits DAO as I have for myself, and it will be my singular goal to match or exceed the same results for our treasury over the next year.

At the end of the day what we do with the treasury appreciation is up to the DIGITS community.

As we progress governance over the protocol will be given to $DIGITS holders, we are a DAO after all…

In its infancy, our treasury must be protected at all costs (remember… 95% of traders lose money).

So what happens to the treasury in the future and how do holders profit from it?

Maybe we vote to distribute the treasury to holders at it’s risk free value?

Maybe we vote to keep growing it indefinitely?

The future of Digits DAO will be in your hands.

My job is simply to trade and grow the treasury doing what I do best: making gains.

1️⃣ https://www.sec.gov/comments/s7-30-11/s73011-10.pdf

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Digits DAO

You Buy $DIGITS. We use our treasury to farm and trade on multiple chains. Treasury profits are used to buy back $DIGITS and distribute profits back to you.