Community Cryptocurrencies Talk

DAICO stands for decentralized Autonomous Initial Coin Offering. It is a new fundraising concept that has coalesced the benefits of DAO(Decentralized Autonomous Organization, a digital organization that initiated the investor-directed venture capital fund) and ICO( Initial Coin Offering) to improve the state of digital token sales. This DIACO proposed was put forward by Vitalik Buterin, Founder of Ethereum, as he explained the usage of DIACO to the investors who contribute funds to a project.

Blockchain technology has made it possible for organizations to create new ways of fundraising. With these new ways, many have begun to question the traditional ICO model which can be quite risky. A new model has emerged called DAICO which is an acronym for Decentralized Autonomous Initial Coin Offering where tokens are released using smart contracts.

DAICO, short for Decentralized Autonomous Initial Coin Offering, is a pattern for token sales that solves the problem of scams and regulatory uncertainty. DAICOs provide a truly decentralized method to create tokens and distribute them to the public. They incorporate investors protections such as voting rights and refund capabilities.