Disclaimer for trading - TheDAO/DAO-1.0 GitHub Wiki

DAO Wiki - In Progress

Nothing here constitutes legal advice and/or a recommendation or endorsement as to fitness of purpose. All prospective purchasers should seek professional advice that is relative to the level of their purchase.

Please remember that trading by its very nature is volatile in terms of buying, selling, holding, losses and gains. There are a few common sense rules:-

  • Never buy more than you can afford to lose
  • Buy from a reputable source
  • Be aware of the idiosyncrasies of exchanges

Be aware of scammers. There are several pitfalls:

  • Scammers may try to launch DAOs on their own behalf. Please send Ether only to the official addresses, as announced here or on daohub.org.
  • Scammers may try to trade tokens in the time of the token creation at unfair prices.
    The token sale will last 28 days. During the initial period (two weeks), anyone may buy DAO tokens at the same price. 1 ether == 100 DAO tokens. For the next 10 days, the price of 100 DAO tokens steps linearly up at 0.05 per day until it reaches 1.5 ether for 100 tokens. The price for 100 tokens then stays at 1.5 ether for four days, and then token creation is over.
    So, other than making a bet on whether ether will be higher or lower now or later, it really doesn't matter when you buy into the DAO as long as your within the first period. Anybody selling DAO tokens at a higher price is a scammer.

Disclaimer

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