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Actually $150M worth of ether was invested in just the DAO, just a single contract running on the protocol. Probably more than that has been invested in the pro
by CoryG89 10y ago
Actually $150M worth of ether was invested in just the DAO, just a single contract running on the protocol. Probably more than that has been invested in the protocol at this point.
One thing to keep in mind is that much of this was not invested by buying in with fiat currency or even mining in the traditional sense. Apparently a significant amount of the ether invested in the DAO belonged to Ethereum developers and insiders. If I understand correctly some of this ether was essentially created out of thin air during their "pre-mine" process[1].
The $150M USD worth of ether in the DAO is out of almost $1 billion USD in market cap[2].
[1]: https://news.ycombinator.com/item?id=8072340 https://news.ycombinator.com/item?id=8072340
[2]: http://coinmarketcap.com/currencies/ethereum/ http://coinmarketcap.com/currencies/ethereum/