So just to make sure I am getting this right.
I have bought some DAO with Mist and they are sitting in my Ethereum address. By using your Open Ledger, I can create an account and transfer these DAOs to the Open Ledger where they will show up as open.dao in my funds and then sell these open.daos for BTS, then take these BTS and transfer them to Poloniex ang get BTC out.
Please correct me if I got this wrong or this really is doable?
Thanks
nope.......no token transfer from MIST can be done before the end of the DAO....................
One cannot trade actual DAO tokens until the finish their fundraising.
What you are buying from Open Ledger are IOUs. You are effectively trading IOUs from Open Ledger
Ok, but where are the open.dao IOUs come from on the sell side if you can't deposit DAOs?
The come from one account only opendao representing OL and CCEDK, and a constant update on how much dao has been reserved to be released on Openledger at launch time.
You can see the address where it is located and also the link where to enter this adress to verify.
That is the confirmation of the amounts being there. As these are IOU's in the same way as daohub in fact are offering an IOU untill launch, it is the trust in OpenLedger, CCEDK and blocktrades.us as the contractor which will allow you to finally decide whether you wish to have the option to trade the DAO prelaunch on OpenLedger and then eventually withdraw dao at launch time or any other currency you have achieved prio to this by trading these very same IOU's on OpenLedger.
We have tried the same procedure successfully although in less volume with the recent digixDAO token DGD, on OpenLedger represented as OPEN.DGD
We offer you to trade, sell, buy on OpenLedger of an ICO prelaunch as the only platform backing the IOU with trust essentially for the time being an at launch time backed with the DAO itself.
Yours sincerely
Ronny Boesing
CCEDK
