Since The DAO had no proprietor, nobody was accountable for the funds which means that in the course of the ICO or Creation interval, users sent Ether to a wise contract tackle that will, in turn, create DAO tokens and ship them to the deal with from which the Ether got here from.
The traders received in trade in opposition to Ether Dao Token which had their very own market value and enabled the holder to take part within the governance of the DAO. Accordingly, by accepting these Phrases you acknowledge and agree that in order for you to preserve the likelihood to transform MNTP into MNT you could must change any MNTP you purchase through the Sale into the Substitute Tokens sooner or later.