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bathrobehero
Legendary
 Offline
Activity: 2002
Merit: 1051
ICO? Not even once.
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May 01, 2016, 02:39:05 AM |
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History is in the making guys! Obviously... lol. |
Not your keys, not your coins!
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Za1n
Legendary
Offline
Activity: 1078
Merit: 1011
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May 01, 2016, 02:43:22 AM |
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Yes, this will indeed be interesting times. I purchased a 1,000 tokens to get started, and I am currently deciding if I want to send the next 9 days of mining proceeds to the contract address to accumulate more.
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chunkyjunkie
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May 12, 2016, 04:21:56 PM |
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Not sure where to ask these questions but assume someone can answer.
What is DAO tokens? Are they an alt coin where you transact with them as you would bitcoin. eth etc?
If it is a coin ( or not ) is it proof of stake?
Do you get anything for holding DAO? For example do you get commissions on the platform?
If we get commissions are they paid in eth, usd, btc, credits?
Is there a finite supply of DAO tokens/coins?
Who is behind DAO tokens? Is it an offshoot of ethereum and fully backed by ethereum devs? A colaboration? No direct ties to those behind ethereum? Or the very same people behind ethereum?
This presale will the eth be liquidated to usd at the start to pay for operations/development, will it be sold as needed, traded for services or dev work?
Thanks in advance,
If there is a better forum to post this under pls let me know.
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Minecache
Legendary
Offline
Activity: 2226
Merit: 1024
Vave.com - Crypto Casino
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May 12, 2016, 04:31:59 PM |
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Not sure where to ask these questions but assume someone can answer.
What is DAO tokens? Are they an alt coin where you transact with them as you would bitcoin. eth etc?
If it is a coin ( or not ) is it proof of stake?
Do you get anything for holding DAO? For example do you get commissions on the platform?
If we get commissions are they paid in eth, usd, btc, credits?
Is there a finite supply of DAO tokens/coins?
Who is behind DAO tokens? Is it an offshoot of ethereum and fully backed by ethereum devs? A colaboration? No direct ties to those behind ethereum? Or the very same people behind ethereum?
This presale will the eth be liquidated to usd at the start to pay for operations/development, will it be sold as needed, traded for services or dev work?
Thanks in advance,
If there is a better forum to post this under pls let me know.
You'd be best going to daohub.org to learn more however time is running against you right now. As I type there are only 41 hours left until the first DAO price rise and the clock is constantly ticking down. Don't let this golden opportunity pass you by. |
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albert11
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May 12, 2016, 04:38:39 PM |
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DAO tokens are like coins that runs on ethereum blockchain, a bit like maidsafecoin which runs on the bitcoin blockchain. But they are used to execute a contract.
They are used to vote for proposals. They are similar to a share in a company ( although its not the right word as this is a completely different concept)
But yes you will be rewarded proportionaly to the number of token you hold. Profits are paid in eth i think but there is also a system of reward tokens to track how many DAO tokens people own.
DAO token are finite yes, after all of them are created ( until 28 mai to get some) then no more will be created.
Slock.it is behind the DAO and yes it is backed by the entire ethereum community ( most act as curators to prevent a 51% attack, which means proposals have to first get throught ethereum community before they can be voted on)
The money will be used to fund project, the DAO is like a big investment company but autonomous and decentralized where anyone can participate. As projects become profitable theDAO will earn money that it can reinvest on new projects or use to pay dividend. Everything can be voted for if you do not agree with a curator or a proposal you can split and get out of theDAO.
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tiggytomb
Legendary
Offline
Activity: 1848
Merit: 1000
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May 12, 2016, 04:41:22 PM |
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Time for the price increase is approaching, I would expect a last minute rush from those waiting on the sidelines to see how it progressed before investing.
This could be something very special.
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Hollowman338
Legendary
Offline
Activity: 1246
Merit: 1000
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May 12, 2016, 05:38:46 PM |
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Time for the price increase is approaching, I would expect a last minute rush from those waiting on the sidelines to see how it progressed before investing.
This could be something very special.
The largest crowdfund . . . and the largest crowdfund loss of investment in crypto history. (it's overbought ten times over) |
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chunkyjunkie
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May 12, 2016, 06:34:48 PM |
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Thanks for the answers, appreciate it.
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Sark
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May 12, 2016, 07:13:27 PM |
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(it's overbought ten times over)
How can you claim it is overbought when it does not actually represent anything yet? Its just cash in the bank right now, who knows what the investments will actually look like. |
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Hollowman338
Legendary
Offline
Activity: 1246
Merit: 1000
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May 13, 2016, 12:16:12 PM |
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(it's overbought ten times over)
How can you claim it is overbought when it does not actually represent anything yet? Its just cash in the bank right now, who knows what the investments will actually look like. Anyone outside of ETH ICO holders will see their BTC/USD equivalent value destroyed. |
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2c0de
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May 13, 2016, 01:23:00 PM |
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More importantly, will we able to affect the rules of the Digital Autonomous Organisation via the voting process?
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DHjxvnHB9RirtPbvkovSotn1fY2poNffoi
LWeT4wwDVdJ9x49UcXPyS6CznRpbQFM6nx
0x96273C2FD825f0A2745d917bbbfabD6032dC1aDD
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Docnaster
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May 13, 2016, 01:26:44 PM |
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If the DAO is small as $10 million, it might make some profits and pay investors. If it is too big, it is not easy to make profit.
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