Distributed database that is used to maintain a continuously growing list of records, called blocks
Creators of the decentralized exchange Bisq announced that they will not provide the ICO, which was extremely popular in the crypto-currency community. Instead, the exchange published a whitepaper of the upcoming decentralized autonomous organization (DAO).
— UASF Bisq/Bitsquare (@bitsquare_) July 4, 2017
Very contrary to the infamous ICO models where people ask for a lot of money for whitepaper-ware we have a working platform developed by altruistic contributions and donations which is out since more than a year and we will distribute the ownership and management to those who have contributed to the project - those who helped to make a decentralized exchange reality!
Also, Manfred made this tough statement:
We are NOT doing an ICO and not selling tokens!
BSQ tokens will be spread among 200-400 people, which supported the project earlier. When DAO will launch, these tokens will be sold at Bisq.
Additional information will be provided in the nearest future. But even now team says that DAO will have several stages.
First stage is almost ready to start, but it needs additional tests. Second is planned to be held approx. in October 2017. It will also consist of voting and periodically token emission.
Creators are opened for all feedbacks and suggestions and ready to answer people's questions.
Bisq was known as Bitsquare and it was launched in beta mode in April 2016.
What is Bitsquare?