Today DASH announced their investment in Vaultoro. Dash DAO accepted Vaultoro’s proposal to implement a DASH to gold bullion trading pair. Vaultoro will receive a total of 276 DASH from the decentralized, autonomous organization powered by the Dash community.
DashPay Tweeeted:
“#DASH DAO invests in #Vaultoro to launch Gold to DASH trading pair #DigitalCash #Crypto”
Umvelinqangi, a Twitterati commented:
“Are you guys aware of the SEC’s position on DAO’s? https://www.sec.gov/litigation/investreport/34-81207.pdf …”
To this, DashPay replied:
“they are talking about “The DAO” ‘The DAO was created by http://Slock.it and….., of operating as a for-profit entity that would create and hold a corpus of assets through the sale of DAO Tokens to investors…’ nothing to do with Dash – Dash is NOT selling any tokens !”
Dash’s DAO is one of the primary decentralized financing frameworks of its kind and the first DAO perceived by international law. The group has contributed over $800,000 to fund various projects that quicken the acceptance of Dash in Venezuela. Dash group is always searching for new applications to help DASH offer its clients an assorted exhibit of regular day to day life applications.
Vaultoro gives a progressing trading stage for gold and Bitcoin, and Bar9, it is an organization for gold financial balances. To date, more than 1.5 tons of gold [with a present estimation of 75 million dollars] has been traded. Vaultoro’s headquarters is arranged in Berlin and London. The start-up currently has 12,000 customers from 94 countries.
Joshua Scigala, Vaultoro co-founder, said:
“The opportunity to receive a financial endorsement directly from a software-protocol, voted upon by several thousand users, is a first-timer I am happy to experience. The DAO-structure of Dash and its features as digital cash have always been on the edge of innovation with its combination of instant and private transactions for instance. This all comes with an ease-of-use that will even be improved once Dash releases its new “evolution”. We are happy and really appreciate the support by the DASH community. We aim to include the DASH/gold pair within the next 4 months.”
source: https://ambcrypto.com/dash-dash-invests-in-vaultoro-gold-to-dash-trading-pairs/