The DAO project was launched the 30th April 2016, followed by 28 days of fundraising by purchasing tokens. Dao (decentralized autonomous organization) is based on the Ethereum blockchain. More than 12 million Ether were sold, breaking a new record as one of the most crowdfunded crypto projects! The DAO reached 150 million $.
The DAO token represents a measure for voting on proposals. The crypto world is moving on to the consensus mechanism.
As we all know.. some months later the DAO has been attacked and more than 60 million $ have been stolen.