The DAO was a digital decentralized autonomous organization[5] and a form of investor-directed venture capital fund.[6] After launching in April 2016 via a token sale, it became one of the largest crowdfunding campaigns in history,[6] but it ceased activity after much of its funds - in the form of US$ exchanged for "Ether-crypto coins" - were taken in a hack in June 2016. The DAO had an objective
