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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.

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