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Comment: add more tips
Tip

  • Wait for some time after the hard fork before attempting to convert your DAOs into ETHs. There is no deadline for the withdrawals. The safest thing to do is wait.

  • Be sure to upgrade to the latest version the client of your choice: geth, parity, mist.

 

The DAO contract was attacked on 17th June 2016 where the attacker drained about USD 50 million worth of ethers using a recursive call vulnerability in The DAO contract code. Please find below how to get back your invested funds.

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  1. Get the account address from which you want to convert your DAOs into ETHs

    • Under the Wallet menu, select the account from which you want to convert DAOs into ETH.
    • Double click on the account address and copy the address into your clipboard using Control-C in Linux or Windows, or Command-C on a MacBook.

  2. Get the balance of the account from which you want to convert your DAOs into ETHs

    • In the Contract menu, select The DAO contract.
    • Scroll down to the Balance of function under the Read From Contract column on the left.
    • Paste the address in your clipboard into the owner-address field.
    • Double click on the Balance displayed and copy the balance into your clipboard using Control-C in Linux or Windows, or Command-C on a MacBook.

  3. Approve the transfer of your account's DAO balance to the Withdrawal contract address

    • In the Contract menu, select The DAO contract.
    • Under the Write To Contract column on the right, select the Approve function.
    • Paste the balance from your clipboard into the amount-256 bits unsigned integer field using Control-V in Linux or Windows, or Command-V on a MacBook.
    • Enter the Withdrawal contract address 0xbf4ed7b27f1d666546e30d74d50d173d20bca754 in the spender-address field.
    • Under the Execute from field, select the account from which you want to convert your DAOs into ETHs.
    • Leave the Send ETHER field as 0.
    • Click on Execute and enter your account password.
    • You should get a transaction confirmation message.

3- Execute the withdrawal contract function

  1. Withdraw ETH from the Withdrawal contract

    • In the Contract menu, select The DAO Withdrawal contract
    • Under the Write To Contract column on the right, select the Withdraw function.
    • Under the Execute from field, select the account from which you want to convert your DAOs into ETHs.
    • Click on Execute and enter your account password.
    • You should get a transaction confirmation message.
    • Wait a short while and your ether balance should update. If not, restart Ethereum Wallet.

 



DAO token sales

The DAO token sales start on . In the first 14 days, The DAO tokens were created at a rate of 1 ether = 100 tokens

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