A DAO bylaws, rules and governance are all encoded into the Ethereum blockchain.

In order to have meaningful control over its future, a DAO needs to hold hundred percent of the results of its token sale as ether, held securely as part of its own smart contracts.

We’re pleased to announce that we have partnered with ShapeShift.io in order for a DAO to accept almost any cryptocurrency during its Token Sale.

Thanks to ShapeShift, participants in a DAO token sale will be able to purchase DAO tokens using Bitcoin as well as 35 Altcoins including Ripple, Litecoin, Dash and of course Doge (such wow!).

Shapeshift will automatically convert these cryptocurrencies to ether to be proxied to a DAO, which will then issue DAO tokens in return.

Riple to Eth in 20 seconds

There will be no need for a lengthy sign up process: you’ll just select your cryptocurrency of choice and send to an automatically generated deposit address.

Best of all, there will be no exchange or service fee.

If that wasn’t enough, we’ll have some more exciting news in the near future , including alternative methods to convert Bitcoin to DAO tokens for who might be concerned about the exchange rate during that period.