Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Xpod78 on May 27, 2016, 06:29:02 AM



Title: What is DAO?
Post by: Xpod78 on May 27, 2016, 06:29:02 AM
On Bittrex and they offer this; except I have absolutely no idea what it is, can someone explain please?


Title: Re: What is DAO?
Post by: NorrisK on May 27, 2016, 06:30:43 AM
Best to read about it here.

https://daohub.org/

Basically it is a way for every investor to vote for projects they would like to see funded. The capital is raised in ether and it has currently raised over 11 million ether.

Since the invested amount is so gigantic, I doubt there will be any major returns. If you are afraid of missing out ofcourse, you could buy a few tokens.


Title: Re: What is DAO?
Post by: electronicash on May 27, 2016, 06:55:54 AM
What makes you interested suddenly when you already decide not to buy DAO lately. you even accused me of pumping eth in this thread.
https://bitcointalk.org/index.php?topic=1484944

You can just go invest to lisk instead after all they are new and cheaper still.