DigixDAO Votes to Liquidate $64M Treasury

Project Ragnarok, a measure to return ether to ICO investors from the Digix project’s treasury – which was held independently of the company in a decentralized autonomous organization (DAO), DigixDAO – has passed with over 95 percent support. Digix conducted its ICO in 2016, raising some 466,648 ETH worth some $7 million at the time.

As CoinDesk reported this winter, Digix’s CEO Kai Cheng Chng offered to dissolve the DAO following community requests. "One recurring comment was for a mechanism for dissatisfied DGD token holders to make a clean break from DigixDAO,” he wrote in a Digix blog post.

Timeline of Digixdao, Ethereum