DAICO

« Back to Glossary Index

Decentralized Autonomous Initial Coin Offerings (DAICO) is a method for the decentralized funding of projects that introduces a form of governance in the ICO process permitting the backers to vote for the return of their funds in case specific conditions are met. Vitalik Buterin, the creator of Ethereum (ETH) had proposed it way back in 2018. It aims to combine the ideas from the Decentralized Autonomous Organizations (DAOs) and the Initial Coin Offerings (ICOs) for increasing the investors’ trust in the latter and therefore put more control over the allocation of the raised fund in their hands.

« Back to Glossary Index

Check Also

latest-crypto-news-aax-chainlink-telegram

Latest Crypto News On Chainlink, AAX, Telegram And More

In recent days, the cryptocurrency zone is flooded with some important occurrences that are important …

AdBlock Detected

Looks like you are using an ad-blocking browser extension. We request you to whitelist our website on the ad-blocking extension and refresh your browser to view the content.