Augur is migrating to a new contract

As Augur is deploying its contracts to the main Ethereum network, REP token balances will be migrated to a new REP token contract on July 9
30 May 2018   1632

Augur deployment on the main Ethereum network will require the migration of all current REP token balances to a new REP token contract. It will happen on July 9. The automatic migration of REP balances will kick off with an indefinite freeze of the current REP token contract. The new token contract will be placed inside the genesis Augur universe.

REP holders and users of exchanges (centralized or non-custodial decentralized) don't need to take any actions to prepare for the migration. For special kinds of exchanges like EtherDelta, ForkDelta, IDEX and OasisDEX the users are advised to withdraw their REP funds from the exchange contract until July 9.

The migration should not take more than a few hours, and once Augur is deployed and migration is finalized, the platform goes live on the main Ethereum network. As for the market parameters of Augur, at the moment of publication they are as follows:

Average price 38.88 USD
Market cap 427,666,800 USD
Volume (24H) 24,545,100 USD

dOrg to Become The First DAO With Legal Status in US

DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract
13 June 2019   183

The decentralized autonomous organization (DAO) dOrg based on the DAOstack framework registered dOrg LLC in Vermont, USA. This was the first precedent in the United States, according to law firm Gravel & Shea.

According to the company, the blockchain-based limited liability company (BBLLC) has a legal status, which allows it to enter into agreements and protect the interests of participants in accordance with applicable law.

Note that a DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract. Decisions in such organizations are made by voting by the participants, which provides consensus.

dOrg asked us to help design a DAO legal wrapper after discovering the potential of BBLLCs. We believe that dOrg is now the first legal entity that directly references blockchain code as its source of governance. Its material operations and ownership interests are managed entirely on-chain.
 

Oliver Goodenough

Law professor, Vermont Law School and special counsel, Gravel & Shea

dOrg believes that they have made the first step in integrating the DAO format into the existing economy.

Some time ago, Moloch DAO attracted 1000 ETH from Vitalik Buterin, Joseph Lubin, start-up ConsenSys and non-profit organization Ethereum Foundation.