kaal:claim:3227933-031

The DAO raised more than 150 million dollars from approximately 10,000 investors through a crowdfunding campaign in May 2016, with DAO Tokens designed to be fully transferable and tradable on peer-to-peer exchanges like shares in a listed corporation.

Source quote, verbatim

The DAO raised more than $150 million from approximately 10,000 "investors." Like shares in a traditional listed corporation, DAO Tokens were designed to be fully transferable and tradable on "peer-to-peer" exchanges.

From

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018), 7. Decentralized Autonomous Organizations, p. 16
https://ssrn.com/abstract=3227933 · source PDF

Cite as

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018). SSRN: https://ssrn.com/abstract=3227933

Holds when

the DAO token sale, May 2016

Classification

empiricalsupport: evidenceddaosecurities-lawtokenomics

Verify

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Attestation record: colloquium/attestations/16921e05dca488af...json
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