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TokenSales

Unknown
0xf0160428a855...ade4ddd52843
HomesteadContract #13KSource VerifiedEdit this contract
Deployed March 29, 2016 (10 years ago)Block 1,239,208

The DigixDAO crowdsale contract — the first major DAO token sale on Ethereum, raising $5.5M in under 24 hours in March 2016.

Homestead EraVerified Source

Historical Significance

The first major DAO crowdsale on Ethereum, predating The DAO by several weeks. Raised $5.5M in under 24 hours, proving Ethereum's viability as a platform for decentralized fundraising. The speed of the raise and the DAO governance model directly inspired the wave of token sales that followed in 2016-2017.

Context

Deployed in the Homestead era, when Ethereum was about 8 months old and ETH had risen roughly 10x from its early prices. The concept of a DAO (Decentralized Autonomous Organization) was still theoretical for most — DigixDAO was among the first real implementations. The DAO would launch its own, larger crowdsale just one month later in April 2016.

Key Facts
Deployment Block
1,239,208
Deployment Date
Mar 29, 2016, 06:18 PM
Code Size
3.6 KB
Gas at Deploy
1,465,409
Transactions by Year
20163,312
2017200
201858
20195
202012
202115
202214
20233
20244
20253

Description

The DigixDAO TokenSales contract managed the first major crowdsale conducted entirely on the Ethereum blockchain. Deployed on March 29, 2016, it raised its full $5.5 million USD funding cap in less than 24 hours — a result that Reddit user amarcord called "pretty impressive," noting that "Ether multiplying in value tenfold in the last few months helped."

DigixDAO was built by Digix Global, a Singapore-based company developing a system to tokenize physical gold bars on Ethereum. The DGD tokens sold through this contract represented governance shares in the DAO, which would oversee the development of DGX, a gold-backed stablecoin where each token represented one gram of gold stored in a vault.

The contract was written in Solidity 0.3.0 and its source code was publicly verified by Ethereum developer Piper Merriam (pipermerriam), who independently compiled the DigixGlobal/digixdao-contracts GitHub repository and confirmed the bytecode matched what was deployed on-chain.

The crowdsale was notable for several reasons: it was the first to use a hard cap mechanism that automatically rejected contributions once the limit was reached, it completed months before The DAO (which launched in April 2016), and it demonstrated that Ethereum smart contracts could manage significant financial operations trustlessly.

Source Verified

Etherscan verified
Heuristic Analysis

The following characteristics were detected through bytecode analysis and may not be accurate.

Detected Type: Unknown

Bytecode Overview

Opcodes3,724
Unique Opcodes215
Jump Instructions241
Storage Operations145

External Links