DigitalNote, having a market cap of more than $8 million, dropped 25,55% during last week.
Anonymous developers of DigitalNote (XDN) have been absent since the ICO ended on June 30 and the rumors about a new team, managing the project and planning to introduce new functions, started to spread. However, there were no official statements made.
Considering absence of DigitalNote developers and lack of any official information, some members of XDN community declared themselves members of XDN official team and claimed that the project is moving to XUN. They stated that UltraNote (XUN) is a project based on XDN source code. Some users were misled by the information that UltraNote is a fork of DigitalNote.
On October 20, a note under the title “DigitalNote: XUN is NOT related to XDN” was published in twitter account of XDN Community, which cleared things up for confused users.
— XDN Community (@XDNCommunity) 20 октября 2017 г.
Thuswise, UltraNote and DigitalNote turned out to be two separate projects, independent from each other.
Nonetheless, the price of the XDN continues to decline, and there is no evidence if the development of the project and trade are active or not.