|
March 06, 2018, 04:50:10 PM |
|
In my opinion, the main difference is access to funds.
With ICO, after completing token sales, developers have complete access to all donated funds. Developers need to calculate in advance how much it will take to produce a minimum eligible product and once they reach this amount, called 'soft cap', they can start working on the product and spend money on whatever they think it needs to do. If they do not reach this soft cover early, they should return the money. But if they do, there is no more real obligation.
With DAICO, contributors can vote on resolutions (during the development phase) to fix faucet or return the remaining donated funds (self-destruction of the contract).
|