What are the implications of voting on your DAO Tokens:-
  • imagine you have invested 100,000 Ether in The DAO (circa S1.2M) – this is .858% of the overall funds in The DAO
  • imagine a proposal passed for funding of 800,000 Ether (circa $10M) – this is 6.86% of the overall funds in The DAO
Your commitment to a project that you voted upon (either Yes or No) is that proportion that you hold of the overall value of The DAO. For example:-
  • Overall investment in The DAO is 11,725,223.9 Ether
  • @100,000 Ether Your proportion of the total is .858%
  • The proportion of an 800,000 Ether proposal versus The DAO’s value is 6.86%
  • Your proportion of that investment risk is .858%
  • Therefore your proportion of that investment risk is 6,863 Ether
  • That means 6,863 Ether of your funds are locked to that project
Scenario 1 – You vote YES or NO and a Proposal for 800,000Eth passes – .858% of your funds are locked to that project.
Scenario 2 – You abstain from voting – you retain full control over all your Tokens.
In the event that you totally disagree with a proposal you can leave The DAO with your remaining 93,137 Ether (as in the example above) – you will receive rewards from any return on this initial investment, provided the wisdom of the crowd proves to be correct. This process to ‘split’, aka leave The DAO, takes a minimum of 48 days from start to finish. Alternatively you can simply sell your DAO Tokens on the open market via the following exchanges:-
Please note that Tokens cannot be sent to an exchange if they ‘currently participating’ in a vote.
This list is current as at June 10th.