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Decentralized Autonomous Initial Coin Offering

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Meaning of Decentralized Autonomous Initial Coin Offering

It is a type of ICO which reduces direct access of total fund raised by the development team but instead the pool of fund is controlled by the investors and released as at when due at different stages of the project development to reduce risk of giving total control to the team, encourage more commitment to the development for long term and also refund investors in case of obstructed development.

DAICO has been credited to be Vitalik Buterin brain child in January, 2018. First use case project is Abssy.

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