DigixDAO is an intelligent contract suite created by the Decentralized Self-Governing Authority (DAO) and deployed by DigixGlobal on the blockchain with the goal of working with the community to create and manage the 21st Century Ethereum-based Gold Benchmark Financial Platform. As a development and transparency agency, it establishes a standard that leverages the power of Ethereum's smart contracts to directly influence DigixDAO token holders' decisions to work on the growth and publicity of the DigixCore Gold Platform. In return, give Token Holder's Digix Gold Token Transaction Fee as a token of rewards.
DigixDAO crowdfunding started on March 31, 2016 and raised $ 5.5 million in 12 hours, 10 times beyond the target.