DAO Maker Price, News and Analysis (DAO)

DAO Maker (DAO) Frequently Asked Questions

What is DAO Maker?

After the DAO hack, a hard fork has been implemented in the Ethereum blockchain to allow DAO token holders to withdraw their ETH. The easiest way to get your ETH back seems to be through https://www.myetherwallet.com/#the-dao. Another easy way at the moment is to install the latest version of mist https://github.com/ethereum/mist/releases and go to https://slacknation.github.io/medium/12/12.html (inside the Mist browser obviously). Press the first button, wait for 1 block, press the second button. This works only for addresses that have DAO tokens linked to them. (Description provided by CryptoCompare)

How do I buy DAO Maker?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including DAO Maker.

What technology is included in DAO Maker?

The DAO is self-governing and not influenced by outside forces: its software operates autonomously and its by-laws are immutably chiseled into the Ethereum blockchain. Generally, DAOs are formed by groups of like-minded individuals with specific projects and goals in mind. Its identity is formed through consensus. Its authority is defined through voluntary endorsement and, ultimately, network effects. Would-be members of The DAO can, for a period of time Create DAO tokens by fueling The DAO with ETH. DAO Token Holders will have the right to vote on Proposals (proportional to the number of tokens held) as well as the opportunity to receive rewards generated by the output of the work from the Contractors’ Proposals. The DAO is software: it does not have the capabilities to manufacture a product, write code, develop hardware or sweep the streets. It requires actors in the physical world for most tasks—these are called Contractors. The DAO is free to work with as many or as few Contractors in the real world as it sees fit. Contractors submit Proposals for the development of products or services—these Proposals are written in plain English and backed by a software code in the form of a smart contract that defines the relationship between The DAO and the Contractor: deliverables, responsibilities, and operating parameters. The DAO Token Holders may debate the viability and profitability of Proposals off-chain through a service chosen by The DAO’s community (discussion forums like DAOHub.org, Slack, on-chain threaded discussions, etc). The immutable smart contract code of the Proposal binds the Contractor to the terms of the Proposal, the DAO Token Holders can elect to ‘pull the plug’ on the Contractor at anytime (subject to the terms of the accepted Proposal). This is a major advantage because it provides predictability to the Contractor while it considerably minimizes risk of default for The DAO. The DAO may also select a replacement Contractor for any given Proposal, meaning projects can continue where they left off rather than being abandoned outright. The DAO will be deployed as an exact implementation of the Standard DAO Framework. The Whitepaper therefore describes perfectly how the DAO functions and is a great place to start learning more. (Information provided by CryptoCompare)

Where can I get DAO Maker wallet?

DAO Maker produces its own wallet software that is available for download on its website, which allows you to store DAO Maker on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of DAO Maker?

One DAO Maker (DAO) is currently worth $2.54 on major cryptocurrency exchanges. You can also exchange one DAO Maker for 0.00004156 bitcoin(s) on major exchanges. The value (or market capitalization) of all available DAO Maker in U.S. dollars is $93.64 million.