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Startup to Help Refund Lost DAO Tokens

By

Danielle

Meegan

WriterETHNews.com

DAO token holders will be able to track the progress of the refund.

Singapore-based startup, CodeTract, is scheduled to track the refund of the DAO Classic tokens beginning tomorrow (August 30).

CodeTract mentions a White Hat Group has drained the remaining 7 million ether. The group created a smart contract in hopes to return the ether to its rightful owners.

The refund will start tomorrow morning and will continue for 24 weeks (August 2016 - Feb 2017). CodeTract will track all movement within the contract. Users will see the rates of the refund, the total amount of withdrawals, as well as the amount donated to the White Hat Group.

CodeTract will also monitor ETH/ETC transaction replays and a possible release for the DAO tokens on the ETC chain.

Danielle Meegan

New Hampshire native, Danielle Meegan, is a writer based in Los Angeles. She has been published in a couple of sports and entertainment magazines and newspapers throughout the years and has dabbled with multiple virtual currency exchanges to understand the 'ins and outs' of trading. Danielle has invested in over 15 different virtual currencies, including Ether.

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