ICOs to Sell Record Amount of ETH in December

Filecoin is selling digital assets most actively, along with SingularDTV and Kyber
28 December 2018   922

During the last month, ICO-projects have withdrawn 433.8 thousand coins of Ethereum (ETH), which is a record figure for the entire existence of the crypto-industry. This is reported by research company Diar.

Ethereum withdrawals by ICOs
Ethereum withdrawals by ICOs

ICO-startups withdraw much more money than in the previous two months. At the same time, slightly more than 3 million ethers remain on the balances of projects.

Filecoin is selling digital assets most actively. SingularDTV and Kyber are also highlighted in this context. In November, the Tezos and Aragon projects launched more than 82,000 ETH.

2018 Start of Month ICO ETH Holdings
2018 Start of Month ICO ETH Holdings

According to analysts of The Wall Street Journal, 513 of the 3,300 ICO-projects were plagiarized, promising investors transcendental profits "without any risks."

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   182

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.