DAO stands for a decentralized autonomous organisation. It was created in March 2016 by a token crowd sale which raised upwards of $150 million. DAOs developers aimed to eliminate human error by placing decision making power into an automated system. In May 2016, nearly 14% of all Ethereum tokens were held by DAO. However, around the same time, a published paper addressed numerous security vulnerabilities which cautioned investors. In June 2016, DAO was hacked and around $50 million of ETH were stolen. The project failed only several months after its launch and caused a rift in the Ethereum community.  

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.

graph Take charge of your financial freedom. Trade Bitcoin Now Later