The DAO code is written in the Solidity programming language and is meant to be deployed on the Ethereum blockchain. After the code is launched, ether is sent to the DAO’s smart contract address; the code creates tokens in proportion to the ether sent and sends those tokens to the accounts that sent ether. Tokens are divisible and can be freely transferable and traded. The DAO can store and transfer ether, but it doesn’t do much else. Token holders can submit proposals to use the ether collected in the DAO, and they’re given a window of time to debate and vote on them. They have voting and
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