Is it difficultly create DAO from openledger.info account?

[dannotestein]

It's not easy to search the open.eth:open.dao market, you literally have to type in that string with the colon to pull it up.

And I wanted to ask, so what openledger is doing, is purchasing the dao by the crowdsale mechanism for you, when buy open.dao on the dex? And they'll be able to redeem it at a later date for you. That is cool, it means we allow people trade it. However I must say I have no idea what this open.dao is, all I find online is about digix-dao. And that crowd sale ended I believe. When does this one end?

I guess open.eth:open.dao will likely be added to the default popular markets in the next release of the web wallet. For now, search for it once as OPEN.ETH:OPEN.DAO or OPEN.DAO:OPEN.ETH if you prefer, then you can add it to your personal favorites by pushing the favorite star icon. If you have an account on OpenLedger already, you can also use this link:
https://bitshares.openledger.info/#/market/OPEN.ETH_OPEN.DAO

Yes, OPEN.DAO is DAO pre-purchased from the ongoing daohub.org crowdsale and offered at the current crowdsale price. This is a different coin from DigixDAO. As of this posting, the ICO price for DAO is scheduled to increase in 4 days and ends in 18 days, according to their website.

[ag]

It's not easy to search the open.eth:open.dao market, you literally have to type in that string with the colon to pull it up.

And I wanted to ask, so what openledger is doing, is purchasing the dao by the crowdsale mechanism for you, when buy open.dao on the dex? And they'll be able to redeem it at a later date for you. That is cool, it means we allow people trade it. However I must say I have no idea what this open.dao is, all I find online is about digix-dao. And that crowd sale ended I believe. When does this one end?

[dannotestein]

I think we're both writing new posts while the other is still modifying his previous post, so I'll repeat in part my last post and try to clarify it.

I don't think it's worth the time to try to do this for DAO as we're already into the ICO and we're not directly advertised on their page anyways. If a new ICO wants us to add this kind of functionality and is willing to advertise us in a similar way to the way Bittrex is being advertised there, we can do it, of course. But ultimately this is just some extra assurance from DAOhub that the tokens are legitimately backed. To the extent that someone is willing to trust OpenLedger, there's no difference in the offerings.

[ebit]

I'm not sure what smart contract functionality you're thinking we need.

I think we need a smart contract like bittrex's

This page is for Bittrex users to transfer their ETH to the DAO smart contract. This is NOT a crowdfund hosted by Bittrex and is not subject to our escrow rules.

Using this service will withdraw ETH directly from your Bittrex account to the smart contract that fuels DAO. DAO successfully Created in this manner will be deposited into your Bittrex account. Bittrex does not provide any warranty or accepts any liability for the DAO or their smart contract.

Step 1: Transfer your ETH to the DAO smart contract
You have 0 ETH available
Visit the Wallets page to deposit more Ethereum.


Step 2: View your Created DAO
You have Created 4797.660269 DAO on Bittrex.
It can take up to 30 minutes for your DAO to update. You may also view your created DAO on daostats.github.io. Daostats is not affiliated with Bittrex.
http://daostats.github.io/tokenbalance.html#0x5705a8f3fa320e641a6a37ae5e756cf20568fe4f

[dannotestein]

We need use smart contracts to improvement this IOU.

I'm not sure what smart contract functionality you're thinking we need. We could easily deliver OPEN.DAO directly to a user on BlockTrades as soon as his cryptocoin purchase was confirmed (so in about 10s or less if he buys the OPEN.DAO with BTS, or about 5 minutes if he buys with BTC). I can set it up tomorrow if you think that will bring in significantly more business for BitShares.

Edit: Oh, I just saw your post above. We don't really have time to change this, and I don't see why it should be such a big deal anyways. OpenLedger has already established it's reliability for making good on it's pre-sales with DGD. In case it's not clear what we're doing, we're buying the DAO up via the ICO, then offering an IOU for the quantities we've bought.

[ebit]

We need use smart contracts to improve this IOU.

[dannotestein]

ok

（1）ebit sent 50,000 BTS to blocktrades    at 2016-05-09 04:04 (UTC)
withdraw:0xBd9D70103069987432538545544E207d4dA01A51

（2）openledger-wallet sent 20.47 OPEN.ETH to ebit    at 2016-05-09 04:06 (UTC)

We could speed it up by directly offering the OPEN.DAO, if you felt the delay was too long. But our current method does introduce buyers into how to make a trade, so it's hard to say what is best.

[ebit]

ok

（1）ebit sent 50,000 BTS to blocktrades    at 2016-05-09 04:04 (UTC)
withdraw:0xBd9D70103069987432538545544E207d4dA01A51

（2）openledger-wallet sent 20.47 OPEN.ETH to ebit    at 2016-05-09 04:06 (UTC)

（3）ebit paid 20.47 OPEN.ETH for 2,047 OPEN.DAO 50 seconds ago
virtual btsnow paid 2,047 OPEN.DAO for 20.47 OPEN.ETH

（4）OPEN.DAO is IOU. It is different from gatecoin and bittrex
My openledger account: false
http://daostats.github.io/tokenbalance.html#0xBd9D70103069987432538545544E207d4dA01A51
My bittrex account:true
http://daostats.github.io/tokenbalance.html#0x5705a8f3fa320e641a6a37ae5e756cf20568fe4f

（5）We need use smart contracts to improvement this

[dannotestein]

It's not too difficult to acquire DAO on openledger now with any crypto to you wish:

1) Buy ETH on BlockTrades with any cryptocurrency you desire and have it deposited to your OpenLedger deposit address.
2) Buy OPEN.DAO with your OPEN.ETH on the OPEN.DAO/OPEN.ETH market.

We are selling the OPEN.DAO at the current ICO price for DAO  If we run out of the current amount we've bought, we'll buy more and place them at the current ICO pricing. So if someone buys up the existing quantity I'll be happy to add more. The big advantage of buying on OpenLedger is you can trade your DAO before the end of the ICO. Just as an example, you can buy now, then sell it after the price change in 5 days.

[ebit]

Easily Create DAO from your Bittrex Account

https://bittrex.com/

If easily  create DAO from openledger.info account , Bitshares will gain some benefits of the volume and liquidity that DAO bring.