This DAICO, proposed by Vitalik Buterin, seems to become a revolutionary ICO fundraising model that merges some of the benefits of Decentralized Autonomous Organizations (DAOs). The main goal of DAICO is upgrading and making the initial ICO concept more transparent and secure.
Here is how DAICO combines DAO and ICO models:
DAO:
- Leverages wisdom of a crowd
- Cannot trust a single centralized team
- Funding spreads over time
ICOs:
- Founded around one mega project
- No 51% risk of attack
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DAICO: Ethereum’s Vitalik Buterin’s DAO + ICO Token Model?How do you think will this innovation seriously affect existing ICO market?
