Rescue Assange? Speculators Accumulate AssangeDAO

A big enough goal is to free WikiLeaks founder Julian Assange, a controversial figure wanted for leaks in a U.S. government scandal who was imprisoned in London nearly seven years after he was blessed by the Ecuadorian government a prison. The U.S. government has been trying to extradite him back to China. Finally, on December 10 last year, the British High Court made a judgment allowing extradition, which makes Assange possible to receive up to 175 years in prison in the United States.

AssangeDAO, named after Assange, was established on the day the verdict came down. On February 4 this year, the organization followed the example of the previous ConstitutionDAO and FreeRossDAO and launched a fundraising in JuiceBox, a token issuance tool, hoping to raise funds to bid for the NFT jointly issued by Assange and artist Pak, and use the proceeds from the sale of NFT to provide Assange Activities such as legal defense and advocacy protests.

As of February 7, AssangeDAO has raised 12,660 ETH, surpassing the 11,613 ETH raised by ConstitutionDAO (People), or about $38.8 million. Since the People’s governance token has risen dozens of times before, which has benefited donors a lot, this massive fundraising has attracted a large number of speculators, and the popularity of AssangeDAO has remained high in recent days.

However, AssangeDAO at this time fell into civil unrest in the community because JUSTICE has not yet been released. Previously, the sponsor of the organization had promised in the community that there would only be one round of fundraising, but now it has started a second round of fundraising, which has resulted in the donors not being able to receive JUSTICE, and there is suspicion about “whether the sponsor will run away” The sound is very loud.

A more dramatic scene is that, according to the social media expressions of many donors, they do not care about the goal of rescuing Assange, or even know Assange’s resume at all, and just hope to speculate and make money in this round of fundraising. In the eyes of the Twitter KOL “dahuzi.eth”, AssangeDAO is filled with a large number of speculators, making the opportunity to make money become slim, and “who will pull the market” is a problem.

AssangeDAO raises more than “People”

AssangeDAO has once again set off a wave of fundraising in recent days. This decentralized autonomous organization named after WikiLeaks founder Julian Assange is a cypherpunk group fighting for the liberation of Assange. ETH to buy 1/1 dynamic NFT made by digital artist Pak in collaboration with Assange.

According to the AssangeDAO official website, the dynamic NFT is minted using the manifest.xyz smart contract and will be auctioned by Pak on a dedicated website. Proceeds raised from the NFT sale will benefit Assange’s legal defense fund and advocacy efforts to raise awareness of the free speech impact of his case.

The reason why AssangeDAO has received widespread attention is inseparable from Julian Assange’s personal background and controversy.

Assange is an Australian journalist who started WikiLeaks in 2006. In 2010, this website began to expose a large number of secret documents about the war in Afghanistan and Iraq, including the murder video attached to the Baghdad air raid by the US troops, and the documents about the dumping of toxic waste in Côte d’Ivoire. dispute.

After a series of leaks, the US government launched a criminal investigation into WikiLeaks. On November 30, 2010, at the request of the International Public Prosecutor’s Office in Sweden, Interpol issued an international arrest warrant for Assange on suspicion of sexual crimes. On December 7, Assange surrendered to the Metropolitan Police, but he denies the charges. Assange was granted political asylum by the Ecuadorian government in 2012 and spent seven years in the embassy.

But in 2019, the Ecuadorian government expelled Assange under the pretext of scandal and reached a deal with Britain to arrest him. Subsequently, Assange has been detained in London’s highest security Belmarsh prison. During this period, the US government has been hoping to extradite Assange to the United States.

In January 2021, the British District Court rejected the US extradition request on the grounds that Assange had a higher risk of suicide after extradition. But on December 10, the British High Court overturned the previous ruling after the United States made another extradition request and allowed the United States to extradite. Once extradited to the United States, Assange may face up to 175 years in prison.

On December 10th, AssangeDAO was fermented and formed in a Telegram group. Shortly after the telegram group was formed, Assange’s brother Gabriel Shipton also joined it and continued to protest and lobby for Assange’s release.

Until February 4th this year, following the example of ConstitutionDAO, which raised funds to bid for a copy of the U.S. Constitution, AssangeDAO initiated fundraising in JuiceBox, a token issuance agreement, claiming to raise funds to bid for 1/1 “Julian x Pak joint NFT”, and will sell the proceeds of NFT. Used in efforts to free Assange.

Rescue Assange? Speculators Accumulate AssangeDAO

AssangeDAO raises 12660 ETH

On February 7th, AssangeDAO’s funding ended, raising more than 10,500 ETH. Subsequently, it opened the second round of financing. As of now, the organization has raised 12,660 ETH, exceeding the 11,613 ETH raised by ConstitutionDAO (People), or about $38.8 million. Similar to People, people can get 1 ETH for every donation. 1 million governance token JUSTICE, because the People governance token has risen dozens of times before, which has benefited donors a lot. Therefore, this massive fundraising has attracted a large number of speculators to come. AssangeDAO’s popularity has grown in recent days. The day is high.

AssangeDAO did not issue a token, citing controversy

AssangeDAO will use the proceeds from the sale of NFTs to help Assange fight extradition to the United States after bidding for the relevant NFTs, according to a route plan for the funding released by AssangeDAO. If the DAO does not win the auction, all funds will be returned to the user via JuiceBox after deducting the gas fee.

This step of fundraising and refunding has already been staged after ConstitutionDAO failed to bid for a copy of the U.S. Constitution. In the issuance of JUSTICE tokens, the initiator of AssangeDAO did not fulfill its promise, and the behavior of backtracking caused a lot of controversy.

According to community members, the initiator of AssangeDAO stated in the community that there would only be one round of donations during the first round of fundraising, but after the first round of fundraising ended on February 7, the initiator immediately opened the second round Donate. After the start of the second round of donations, the first round of donors was still unable to apply for the corresponding JUSTICE token, which was strongly dissatisfied by the community members.

Rescue Assange? Speculators Accumulate AssangeDAO

AssangeDAO opens the second round of fundraising, making the community unhappy

The KOL in the crypto community “Jeni-kun” insinuated AssangeDAO as “Schrödinger’s DAO” to describe the organization’s unstable state. Since the organization has raised a large amount of ETH, but has not issued a token, many donors are worried. Jenny-kun raised doubts, “To run or not to run, this is the question.”

Another industry analyst believes that even if AssangeDAO has raised a lot of money, liberating Assange is still a seemingly impossible task, “In the past ten years, the United States has never given up on sanctions against Assange. Determined that it is unrealistic to rely on funds to rescue Assange.”

In fact, among the users who participated in this fundraising, some people did not know who Assange was at all, and they had no interest in liberating Assange at all. Speculating to make money was the first goal.

In discussions on AssangeDAO-related Twitter topics, many users expressed their concerns about not being able to obtain benefits, and some even wanted to form a rights protection group to recover the funds that had been invested.

Users’ concerns are not without reason. Previously, FreeRossDAO, which aimed to release Ross Ulbricht, the founder of the darknet market “Silk Road”, attracted attention for a short period of time, but soon after, the governance token FREE dropped all the way, and the cost of fundraising has so far been far away. The price has fallen by 64%, and the goal of releasing Ross Ulbricht seems to be forgotten.

In the AssangeDAO fundraising event, on the one hand, it is very difficult to liberate Assange, and on the other hand, it is not easy to profit from the gathering of speculators.

The KOL “dahuzi.eth” in the crypto community believes that People’s previous success in revenue returns cannot be simply replicated, because People initially gathered a group of people who really donated and recognized the U.S. Constitution, and there are not many speculative groups. AssangeDAO’s donors are more for the purpose of making money, “Then the question is, a bunch of people are all in at one price, where is the demand? Who will pull the disk? In the end, it will become a game of who runs first.”

In addition, the KOL stated that the difference between AssangeDAO and People is that the auction period for a copy of the U.S. Constitution is very short, and the capital can be refunded if it is unsuccessful, while the time period for rescuing Assange may be very long. There may also be variables in wanting to break even.

Although the amount of ETH raised by AssangeDAO has exceeded “People”, the prospect of this DAO is confusing in terms of the difficulty of the target business and the behavioral logic of donors. At the moment, AssangeDAO has ruined its credibility, and the panic and dissatisfaction of donors is gradually accumulating. Once JUSTICE is released, selling will be inevitable, and donors will enter the game of “running fast”.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/rescue-assange-speculators-accumulate-assangedao/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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