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DigixDAO Votes to Liquidate $64M Treasury

A project which conducted a 2016 initial coin offering (ICO) has voted to liquidate its $64 million treasury, returning funds to investors.


Project Ragnarok, a measure to return ether to ICO investors from the Digix project’s treasury – which was held independently of the company in a decentralized autonomous organization (DAO), DigixDAO – has passed with over 95 percent support. Only 52 votes were cast, according to the proposal on the Digix community site.


With the passage, a contract will be executed, unstaking and giving back 0.19 ETH per DGD – Digix’s token which links physical gold bullion to representations on the ethereum network – near par with the current value of DGD, according to Messari. Read More...

DigixDAO Votes to Liquidate $64M Treasury

#DAO

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