Here we'll build a comprehensive FAQ about The ÐΑΩ. If you have a question that is not covered, ask away and we'll do our best to answer it. This topic is set up as a wiki, so anyone can edit. Please do so carefully.
A decentralized autonomous organization (DAO), fully automated business entity (FAB), or distributed autonomous corporation/company (DAC) can be thought of as a self-governing organization under the control of an incorruptible set of business rules. These rules are typically implemented as publicly auditable open-source software distributed across the computers of their stakeholders. A human becomes a stakeholder by buying digital tokens, similar to shares in a company, or by being paid in those tokens to provide services for the company. These tokens may entitle its owner to a share of the profits of the DAO, participation in its growth, and/or a say in how it is run. -- Wikipedia
For further information and clarification on the distinction between DAOs, DACs, and other decentralised entities, see the incomplete terminology guide by Vitalik Buterin.
For more specifics on the code and structure of The ÐΑΩ, see GitHub and slock.it/dao.html.
**The DAO creation phase is now live, it began on ** The first thing that should be clarified that this is not a pre-sale/ICO. The DAO creation period is in fact the first action the DAO makes as an autonomous entity; it essentially bootstraps its own creation.
After the DAO's code is deployed to the blockchain, it immediately begins a sale period, the parameters of which are defined by the immutable code. The community defined guidelines for these parameters are a 28 day sale period, with a price of 1ETH / 100DAO for the first 14 days, an increase of 0.05ETH each day for the next 10 days, and finally a 4 day period of 1.5ETH / 100DAO. There is no cap to the number of tokens which may be sold nor the total value which could be raised. Check out https://daohub.org/creation.html for more information on the creation period.
The simplest way to buy tokens during the creation period is be to send ETH directly to The ÐΑΩ's contract
0xbb9bc244d798123fde783fcc1c72d3bb8c189413. In return, the contract will automatically send you your tokens. This MUST be done from a wallet in which you own the private keys, and ideally should be done using a wallet like MIST where you can watch and interact (via a json interface) with contracts and track the corresponding tokens. Check out this post by @FelixA to read more about the token creation process as well as watching tokens and contracts.
There is also a web-based interface which will walk you through the token creation process on the daohub home page. This page gives information on participating in the creation using a variety of exchanges and other cryptocurrencies.
A Curator is an entity selected by The ÐΑΩ to act as its real world intermediary, as The ÐΑΩ itself it does not have the capabilities to build a product, write code, or develop hardware; The ÐΑΩ purely manages funds.
The curator is the only entity that is allowed to add contractors to the DAOs whitelist, authorizing them to receive ether from the DAO. Luckily for us, we've got an all-star group of curators! Consisting of twelve of the brightest minds the the ethereum ecosystem has to offer. Check out https://daohub.org/curator.html for more information on the curator group.
Slock.it will likely be the first contractor hired by The ÐΑΩ. Their first proposal to The ÐΑΩ will involve building and bringing to market a product called the Ethereum Computer and its complementary network called the Universal Sharing Framework.
This has a variety of answers depending on the method by which you brought tokens and the wallet which you are using. However two important steps will help you avoid most issues.
- Do not send ETH directly from an exchange to The ÐΑΩ contract
- Avoid using 32bit Windows at all costs, it does not play nice with ethereum.
The following are links to documentation/advice on how to check your token balance using three commonly used wallets.
MIST/Ethereum Wallet: (Recommended) To see your token balance in MIST you will need to watch the token. In MIST click the "Contracts" text in the upper right hand corner, then scroll down to the "custom tokens" section. Press the "Watch Token" button, enter
0xbb9bc244d798123fde783fcc1c72d3bb8c189413 as the token contract address, name the token whatever you like (The ÐΑΩ is a good choice), enter a symbol for the token (Ð or ÐΑΩ would work), and lastly enter 16 as the "decimals of smallest unit". Check out this post by @FelixA for more information.
MyEtherWallet: Head over to http://www.myetherwallet.com/#the-dao, copy your private key or upload the keystore json. MEW will then show an interface displaying your ether ballance, the relative worth in several other currencies and cryptos, along with your DAO token balance. This interface also is also a convenient way to create a DAO tokens if you are having trouble with MIST.
Jaxx: (Not recommended) While it is an awesome tool, Jaxx is not ideal for interacting with The ÐΑΩ. This is due to the Hierarchical Deterministic (HD) way in which it generates addresses. However, it is possible to track down all of the corresponding private keys and figure out how many tokens you have. Please check out this post by @danielmcclure for instructions on how to check your balance and transfer the tokens to MIST.