RE: Kickstarter for steemit dollars!

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Kickstarter for steemit dollars!

in steemit •  8 years ago 

please explain- what is the dao? I'm new to all this lol

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8 years ago by

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      ·  8 years ago 

    The DAO was a decentralized autonomous organization that was built on the etheruem blockchain that was going to function essentially as a venture capital hedge fund. Projects were going to be voted on and funded by people that held DAO tokens depending on how much was funded and by who that user would have received a dividend proportional to the amount they contributed. There was a hack that froze up many of the tokens and seemed to take the wind out of its sails.

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      ·  8 years ago 

    I see

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