News • 1 min read
To date, 11.5 ETH million have been invested in the scope of the DAO crowdfunding campaign, representing EUR 139 mn and 15% of all existing Ethereum tokens.
Over the last 3 weeks the biggest news in the cryptocurrency scene has been DAO’s crowdfunding campaign. To date, 11.5 ETH million have been invested, representing 139 million euros. This corresponds to 15% of all existing Ethereum tokens.
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The previous crowdfunding record was 113 M USD for the video game “Star Citizen”, which DAO has passed around a week ago. The crowdfunding periodends on May 28 (09:00 GMT), so there is still 4 days left.
DAO stands for “Decentralized Autonomous Organization”. Using smart contracts to manage the project means it is possible to dispense entirely with management, so that all decisions are determined directly by the investors. It is thus independent of individual persons or authorities and can be completely focused on the management of its projects.
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