The Abyss DAICO Voting System Explainer
One of the core elements of The Abyss fundraising model (DAICO), distinguishing it from numerous industry ICOs, is the voting system, which is 100% controlled by the DAICO smart contract. It is through a voting system that the team can raise its monthly budget (the tap) needed for supporting the platform development and other project purposes. Depending on the voters’ (token holders’) decision, the tap is either increased, or not. Additionally, the DAICO voting system allows token holders to start a refund poll in case the developing team fails to implement the project. With this blog post, we’ll give you a step-by-step instruction on how to vote for tap increase and the refund, and will also show how to create the refund poll using Etherscan and MyEtherWallet.
https://medium.com/theabyss/the-abyss-daico-voting-system-explainer-c6ae140bbf4
