Later that month, a project called DigixDAO raised $5.5 million in one day. It claimed to be the first DAO to do a token sale. The Singapore-based team wanted to back their DGX tokens with gold bars stored in a vault, where one token equaled 1 gram of gold. A separate token, called DGD, would be used to vote in the DAO and DGD holders would be rewarded in the gold-backed DGX.
