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Topic: ETH to DAO swap at Bittrex - page 5. (Read 8530 times)

sr. member
Activity: 446
Merit: 251
April 30, 2016, 03:33:02 PM
#4
The DAO is the contract by which you buy shares of 'virtual company'. Slock.it will abide by the DAO, and they will produce the Ethereum computer, revenue from the products sold by Slock.it will be sent to the DAO as profit. DAO token holders can decide to keep the profit or reinvest.
Token holders can also send proposals for review.
hero member
Activity: 994
Merit: 513
April 30, 2016, 10:13:19 AM
#3

Thanks.

So it's the slock.it guys. Interesting.

It looks like it helps the price of ETH quite a bit.
hero member
Activity: 994
Merit: 513
April 30, 2016, 09:49:39 AM
#1
Ok, so here:

https://bittrex.com/balance/dao (you need to be logged in to see the page)

you can swap ETH to DAO.

Can somebody explain to me, what DAO is as if I was 5 years old? Or at leat provide some links?

Apart from that: thoughts? Do it / don't / just another ICO ?
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