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That sounds about right to me. Any insight on how it/they managed to get 100 million in funding? What do all the people sending money think "DAO" is or does?
by sopooneo 10y ago
That sounds about right to me. Any insight on how it/they managed to get 100 million in funding? What do all the people sending money think "DAO" is or does?
- znt 10y agoIt says "107.21 M USD EQUIVALENT" without any evidence. I highly doubt that amount is legitimate. Or they may be laundering money as well, I wouldn't spend too much time thinking on this.
- simondlr 10y agoIt's done by taking the amount of Ether it has already raised * the current price of Ether. See it transparently on the Ethereum blockchain: http://etherscan.io/token/TheDAO http://etherscan.io/token/TheDAO
- revelation 10y agoSo yes, not $100M at all. The market for Ether is about as liquid as that for my own imaginary currency.