Difference between revisions of "DAICO"
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(Created page with "Stands for Decentralized Autonomous Initial Coin Offering. It is a new fundraising method that seeks to incorporate the best features of a Decentralized Autonomous Organizatio...") |
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| − | Stands for Decentralized Autonomous Initial Coin Offering. It is a new fundraising method that seeks to incorporate the best features of a Decentralized Autonomous Organization ([[DAO]]) with those of an Initial Coin Offering ([[ICO]]) in order to create a structure that provides a higher level of effectiveness to the [[token]] sale fundraising model. A DAICO is a model whereby investors have control over the funds collected once the fundraising is over. The investors could influence how developers have access to the funds and at what frequency through a "tap" mechanism. In addition, investors can also vote to do away with the project and have their funds returned. | + | Stands for Decentralized Autonomous Initial Coin Offering. It is a new fundraising [[method]] that seeks to incorporate the best features of a Decentralized Autonomous Organization ([[DAO]]) with those of an Initial Coin Offering ([[ICO]]) in order to create a structure that provides a higher level of effectiveness to the [[token]] sale fundraising model. A DAICO is a model whereby investors have control over the funds collected once the fundraising is over. The investors could influence how developers have access to the funds and at what frequency through a "tap" mechanism. In addition, investors can also vote to do away with the project and have their funds returned. |
Latest revision as of 16:13, 15 September 2022
Stands for Decentralized Autonomous Initial Coin Offering. It is a new fundraising method that seeks to incorporate the best features of a Decentralized Autonomous Organization (DAO) with those of an Initial Coin Offering (ICO) in order to create a structure that provides a higher level of effectiveness to the token sale fundraising model. A DAICO is a model whereby investors have control over the funds collected once the fundraising is over. The investors could influence how developers have access to the funds and at what frequency through a "tap" mechanism. In addition, investors can also vote to do away with the project and have their funds returned.