In the past week two high quality projects, dxDAO and Edgeware, launched lockdrops in which users can lock ETH to take ownership of the project. dxDAO has $12.1M worth of tokens locked and Edgeware has $12.45M worth of tokens locked. Locking ETH to participate in DAOs is a much better use of ETH than spending it to buy ICOs.We think DAOs will make a resurgence over the next year as a way of distributing the ownership and coordinating the decision-making of online products.
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1confirmation Newsletter - Issue #60
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In the past week two high quality projects, dxDAO and Edgeware, launched lockdrops in which users can lock ETH to take ownership of the project. dxDAO has $12.1M worth of tokens locked and Edgeware has $12.45M worth of tokens locked. Locking ETH to participate in DAOs is a much better use of ETH than spending it to buy ICOs.We think DAOs will make a resurgence over the next year as a way of distributing the ownership and coordinating the decision-making of online products.