How to buy DAO tokens the easy way using Bittrex

[yelllowsin]

The easiest way to get it is in exchange for Bitcoins and you can do this directly on any exchange (including Bittrex).

Why are you suggesting to transfer using an Exchange if it says clearly in the DAO page not to do so? The recommendation is using a personal Mist wallet, eventhough it might take a half day to finish synching. If someone does not understand how to do it, better not to invest at all than risk losing all your investment. I woudn't trust letting my tokens tied to an ETH address rather than my own.

The fact is that people normally learn it by the hard way, losing their tokens. Good luck for those who want to do so.

[Soul_eater_123]

The easiest way to get it is in exchange for Bitcoins and you can do this directly on any exchange (including Bittrex).

Why are you suggesting to transfer using an Exchange if it says clearly in the DAO page not to do so? The recommendation is using a personal Mist wallet, eventhough it might take a half day to finish synching. If someone does not understand how to do it, better not to invest at all than risk losing all your investment. I woudn't trust letting my tokens tied to an ETH address rather than my own.

The fact is that people normally learn it by the hard way, losing their tokens. Good luck for those who want to do so.

Actually the DAO page recommends using the MIST wallet for purchasing DAO tokens but there are certain exchanges that have partnered up with the DAO such as Bittrex to make the process easier for those who are not technically minded or can't wait for their wallet to update.  It is misleading to say that the DAO page warns people not to.  Whilst it is obviously more secure to purchase tokens using your own wallet, using an established exchange is hardly a high risk strategy.  Your post misses the entire purpose of this thread.

[GeorgeAurea]

So, buying DOA's through Bittrex would acquire you some tokens that can be traded later on (after the creation period ends), though Bittrex would be the one in ownership/control of it's voting part; am I correct on this one?

[Soul_eater_123]

So, buying DOA's through Bittrex would acquire you some tokens that can be traded later on (after the creation period ends), though Bittrex would be the one in ownership/control of it's voting part; am I correct on this one?

No.  You can move your DAO tokens off Bittrex once the creation period is over and use your voting rights as anyone else would.  You probably couldn't vote with them whilst they're on the exchange though and whilst technically Bittrex could use your tokens to vote whilst they are on the exchange I don't see them doing that unless they want to piss off their customers.

[gravitate]

I created some using a web browser wallet, some with gatecoin and some with bitterex...


Please note everyone that gatecoin has been hacked

[GeorgeAurea]

So, buying DOA's through Bittrex would acquire you some tokens that can be traded later on (after the creation period ends), though Bittrex would be the one in ownership/control of it's voting part; am I correct on this one?

No.  You can move your DAO tokens off Bittrex once the creation period is over and use your voting rights as anyone else would.  You probably couldn't vote with them whilst they're on the exchange though and whilst technically Bittrex could use your tokens to vote whilst they are on the exchange I don't see them doing that unless they want to piss off their customers.

Thank you, yet the next question pops up:

I'm not into Ethereum, so forgive me ignorance. I find this DAO thing interesting, but it still confuses me. I was reading somewhere that any DAO purchased are tied with the ETHER spend on them, and that's where it buzzez me; DAO's are tradable and exchangeable, just like regular coins?

[Soul_eater_123]

DAO's are tradable and exchangeable, just like regular coins?

Yes, once the creation period is over.

[GeorgeAurea]

DAO's are tradable and exchangeable, just like regular coins?

Yes, once the creation period is over.

Ah, many thanks for explaining, as well as all the other info you posted around regarding. It sure helped me a lot in understanding it better 

[Soul_eater_123]

Ah, many thanks for explaining, as well as all the other info you posted around regarding. It sure helped me a lot in understanding it better 

You're welcome.  I'm glad it helped. I'm not an expert or anything and I don't know if the DAO will succeed or not but I would like to spread the message so others like me can get involved.  Might completely fail or be as big or even bigger than Bitcoin itself - either way I would hate to miss out.  I just wish someone had done the same for me in the early stages of Bitcoin, lol!

[meme magic]

Tried to buy but theres no GUI, these devs suck!

[Soul_eater_123]

Tried to buy but theres no GUI, these devs suck!

GUI for what?  If you use an exchange like Bittrex you don't need a GUI.

[Soul_eater_123]

Thought people may find this relevant - 1st mainstream media attention:

Fortune Magazine: Leaderless, Blockchain-Based Venture Capital Fund Raises $100 Million, And Counting :

http://fortune.com/2016/05/15/leaderless-blockchain-vc-fund/

[tokeweed]

I've been surprised at the number of people who keep asking about how to buy DAO tokens so I thought it might be useful to start a new topic about it.  If you are not technically minded or have not recently updated your MIST wallet and don't want to wait for it to update the Bittrex DAO page is a quick and easy way to do it.
Before starting you will need to have some ETHER.  ETHER is the currency used to purchase DAO.  The easiest way to get it is in exchange for Bitcoins and you can do this directly on any exchange (including Bittrex).  At the initial price you get 100 DAO tokens for 1 ETHER (https://daohub.org).

A) Transfer Ether to your Bittrex wallet (if it is on another exchange or in your MIST wallet).  If you don't have a bittrex account you will need to make one first. (https://bittrex.com)

B) Once the Ether is in your Bittrex Ether wallet you can go to the Bittrex DAO page (https://bittrex.com/balance/dao).

C) Click on the generate address button to generate your DAO address (Step 1) then enter the amount and click on the transfer button (step 2).

D) Confirm you want to withdraw your Ether to the DAO creation address (enter your 2fa code if required) and wait up to 30 minutes.
 
E) After a while the number of DAO tokens will be listed on the same page under where it says Step 3 "Validate your balance".


Important Notes:

-If you are really wary or unsure try going through the process with a small number of Ether.

-You can do it as many times as you like during the DAO creation period using the same address. Just remember to go through the steps as above (except for Step 1 on the DAO generation page as you only need to do this once).

-You will always need to send your ether to the regular Bittrex wallet first then use the Bittrex DAO page to transfer it. You can't just send directly to the DAO creation address.

-You won't be able to trade DAO or move it from Bittrex until the DAO creation period is over (28th May 2016 at the earliest).

-For more information on the dao go to: https://daohub.org

You can also buy DAO tokens via Poloniex.

[Soul_eater_123]

Now in WSJ (this article is also hilariously clueless): Chiefless Company Rakes In More Than $100 Million

http://www.wsj.com/articles/chiefless-company-rakes-in-more-than-100-million-1463399393

[Soul_eater_123]

Now in WSJ (this article is also hilariously clueless): Chiefless Company Rakes In More Than $100 Million

http://www.wsj.com/articles/chiefless-company-rakes-in-more-than-100-million-1463399393

Now TechCrunch: The Tao of “The DAO” or: How the autonomous corporation is already here

http://techcrunch.com/2016/05/16/the-tao-of-the-dao-or-how-the-autonomous-corporation-is-already-here/

Also DAO is now THE biggest Crowd Fund in history.  Over $120 million now.

https://en.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects

[Soul_eater_123]

An article about the DAO in the financial Times: Automated company raises equivalent of $120m in digital currency

http://www.ft.com/cms/s/0/600e137a-1ba6-11e6-b286-cddde55ca122.html

[BellaBitBit]

Now in WSJ (this article is also hilariously clueless): Chiefless Company Rakes In More Than $100 Million

http://www.wsj.com/articles/chiefless-company-rakes-in-more-than-100-million-1463399393

The Forbes article and the WSJ article are pretty funny. Both authors seem to think it is some sort of "magic".  Either way great press for the entire crypto community!

[Nxtblg]

Now in WSJ (this article is also hilariously clueless): Chiefless Company Rakes In More Than $100 Million

http://www.wsj.com/articles/chiefless-company-rakes-in-more-than-100-million-1463399393

The Forbes article and the WSJ article are pretty funny. Both authors seem to think it is some sort of "magic".  Either way great press for the entire crypto community!

Be patient with them.

[Soul_eater_123]

Bloomberg Article here: Blockchain Company Wants to Reinvent Companies :

http://www.bloomberg.com/view/articles/2016-05-17/blockchain-company-wants-to-reinvent-companies

CNBC: Automated company raises equivalent of $120M in digital currency

http://www.cnbc.com/2016/05/17/automated-company-raises-equivalent-of-120-million-in-digital-currency.html


Reuters UK: Virtual company may raise $200 million, largest in crowdfunding

http://uk.reuters.com/article/us-blockchain-crowdfunding-idUKKCN0Y82LI

[Soul_eater_123]

New Article in the Economist:

The DAO of accrue : http://www.economist.com/news/finance-and-economics/21699159-new-automated-investment-fund-has-attracted-stacks-digital-money-dao