DdmrDdmr
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There are lies, damned lies and statistics. MTwain
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March 02, 2018, 05:32:13 PM Last edit: March 02, 2018, 05:42:36 PM by DdmrDdmr |
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Due to the fact that each ICO tends to create their own coin/token, and to the fact that a great percentage of companies financed through ICOs do not fulfill their projects, we find ourselves in a situation whereby there are more and more coin/tokens that have cero value.
Vitalik Buterin, cocreator and founder of y fundador de Ethereum, one of the biggest gurus in crypto currency, suggested improving the ICO procedure, giving the guidelines for the creation of ICO 2.0. The outcome is the DAICO Model.
The base idea of a DAICO is to be able to go through ICO procedures in a way that is much safer for invertors. Polls are introduced into the system allowing token holders to participate in the core financial decision process, allowing the investor to cast his vote under certain circumstances.
For example, in a DAICO, investors as a whole can control the resource flow that the DAICO company has access to at a given stage in the project. Investors can open or even turn off completely the flow of resources allocated to the project. Thus, companies have to comply in a much higher degree with their road map and come up with good products and proof of work along the way, since investors could shut down resources and even vote to refund the remaining resources to the token holders if the project goes downhill.
This should give DAICOs more value, since it makes them more serious and compromised than regular ICOs.
The Abyss is the first DAICO of its kind, taking place next week. It will be interesting to follow how the new parameters play out regardless of whether one participates or not in this particular DAICO.
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