<blockquote>
  <p>A friend of mine told me that The DAO pays dividends in Ether. I can't find this anywhere, </p>
</blockquote>

<p>Ether is the default unit of exchange/value/etc in Ethereum.</p>

<blockquote>
  <p>but assuming that it's true, how is this possible that it pays dividends if a person purchases The DAO through an exchange, but does not have an Ether address with that exchange?</p>
</blockquote>

<p>The DAO tokens are an ethereum asset that can only exist on an ether address. When you buy DAO tokens from an exchange the latter will create an ether address to store your DAO tokens (or put your tokens in one of their existing ether addresses and just have an internal ledger to know who has how much DAO tokens). Remember, what you see on an exchange is not necessarily what exists on the blockchain.</p>

<p>Also note that unless the exchange has some kind of mechanism to allow you to vote for DAO proposals you won't be able to... and they will control your voting power. I would recommend moving the tokens off the exchange to an ether address that you control if you intend to take part on the proposal/voting process.</p>

CC BY-SA 3.0
2016-06-14T22:13:29.020Z
Do any exchanges allow voting that you know of, or will it be private only?
user541852587
CC BY-SA 3.0
2016-06-15T08:05:19.540Z
Not that I know of. If you want an easy way to vote you could use [myetherwallet](https://www.myetherwallet.com/) but that also assumes you trust them (they do ask for your private key).
karask
CC BY-SA 3.0
2016-06-14T12:23:45.453Z
2016-06-14T12:23:45.453Z
karask
<p>A friend of mine told me that <em>The DAO</em> pays dividends in Ether.  I can't find this anywhere, but assuming that it's true, how is this possible that it pays dividends if a person purchases The DAO through an exchange, but does not have an Ether address with that exchange?</p>

<ethereum>
DAO Dividends In Ether?
user541852587
# DAO Dividends In Ether?

(Asked by: username_0 on 2016-06-14)

A friend of mine told me that *The DAO* pays dividends in Ether. I can't find this anywhere, but assuming that it's true, how is this possible that it pays dividends if a person purchases The DAO through an exchange, but does not have an Ether address with that exchange?

**Tags:** ethereum


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## 1 answers

### Answer by username_1 on 2016-06-14. Score: 2 | Accepted answer

> A friend of mine told me that The DAO pays dividends in Ether. I can't find this anywhere,

Ether is the default unit of exchange/value/etc in Ethereum.

> but assuming that it's true, how is this possible that it pays dividends if a person purchases The DAO through an exchange, but does not have an Ether address with that exchange?

The DAO tokens are an ethereum asset that can only exist on an ether address. When you buy DAO tokens from an exchange the latter will create an ether address to store your DAO tokens (or put your tokens in one of their existing ether addresses and just have an internal ledger to know who has how much DAO tokens). Remember, what you see on an exchange is not necessarily what exists on the blockchain.

Also note that unless the exchange has some kind of mechanism to allow you to vote for DAO proposals you won't be able to... and they will control your voting power. I would recommend moving the tokens off the exchange to an ether address that you control if you intend to take part on the proposal/voting process.

> **Comments:**
> **username_0**: Do any exchanges allow voting that you know of, or will it be private only?  
> **username_1**: Not that I know of. If you want an easy way to vote you could use [myetherwallet](https://www.myetherwallet.com/) but that also assumes you trust them (they do ask for your private key).  

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