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1  Alternate cryptocurrencies / Altcoin Discussion / We Need A New ICO Model on: November 15, 2018, 07:19:09 PM
For ICO investments to be more competitive and profitable, we need a new ICO model. This present ICO model is not progressive in nature and it gives room to all forms of manipulation from project owners. We need a model that gives investors rights in decision making of a project, we need a system that will made project team to be accountable. With a new ICO model, investors right will be protected and even secondary buyers will be excited to buy the coin or token on exchange once they know that the project will not be a fly by night project or a slow dying projects.

What do you guys think about this?
2  Alternate cryptocurrencies / Altcoin Discussion / All You Need a To Know About DAICO on: September 17, 2018, 09:06:29 AM
DAICO is a concept proposed by Vitalik Buterin, Ethereum co- founder early this year. It can be seen as a unique model for modern decentralized capital investment.

DAICO as a word is derived from Decentralized Autonomous Organiztion DAO and the Initial Coin Offerings ICO that many of us in this forum is well conversant of.  DAICO crowdfunding model helps to put in place strict management conditions for ICO projects in other to protect the interest of investors. Through DAICO, investors of a project can vote for reimbursement of their contributions if they are not satisfied with the development process of the project or if the project team are not working according to the timeline of the project roadmap.

This model will subject the project team to a degree of responsibility to the investors and gives more sense of security to investors who now has the power to vote for refund.

How It Works
DAICO start like conventional ICO. The project team present and advertise their project to potential investors and those who have interest in the project send Ethereum or any other accepted means of buying and receive project token. The token can also be traded after the ICO like the way it is now.

What makes DAICO different is in the sequel , after the calling phase, with a special inbuilt mechanics called TAP which will be put to use. With TAP, investors of the project will be able to control the capital (financial control) employed by the team of the project. This kind of inbuilt control mechanism is not available in the traditional ICO model which allow team a project to spend raised funds the way they like without giving account to anyone. But with DAICO, there is capital control which will be according to two conditions: the amount provided in each TAPs and the number of TAPs.

Whenever the project team needs more capital for the project develop either to recruit, expand or any other development phase, they must ask for TAP. After asking for TAP, investors will now vote in support or against it. With this, the project community of investors will now be able to managed their investments and know exactly what their funds is being spent on per time.


Advantages Of DAICO
First advantage of DAICO is that it allows investors to control the invested capital more closely and be a deciding factor in the development of the project. They also have special power to end the entire project by voting for withdrawal of the remains funds, in case they are not satisfied with the project and they don't want it to continue. If the project team are working according to the timeline of their roadmap, they will receive the next tap form the investors group to continue working towards the next milestone. Also if the team is stagnant or has a signal of fraud, investors can withdraw the remaining balance.

In DAICO, power is giving back to investors and they have a significant role and influence to play in the development timeline of the project. If they are not satisfied with the way the project is been run, they can set up a revocation and repayment contract. With this, thr risk of investing ICO projects has been greatly reduced. There will no be cases like project team disappearing with ICO funds after the ICO without working on the project

In conventional ICO model, most time after raising huge funds, the excitement and motivation to continue the project fades away or at least, the activities on the project reduced significantly but DAICO helps in making the team stay motivated and ready to work out what they promised to do throughout the lifecycle of the project.

Thanks for taking your time to read this
3  Other / Politics & Society / Will Trump Be Re-elected? on: July 31, 2018, 01:20:55 PM
In less than two years time, Americans will go to the poll again and elect their president. Looking at how the event unfolded in the last election which brought Donald Trump as the president of the most powerful nation in the world, then many analyst predicted that Trump will not win the election which he later won, the prediction of 2020 election has started again but my question is will Trump go against the odds once again and win his re-election  bid?
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