Vitalik Buterin offers a new model of decentralized fundraising ‒ DAICO. The term implies the integration of the best properties of the ICO and the concept of decentralized autonomous organizations (DAO). Here’s how he sees the essence of the idea of Buterin: “The DAICO contract is issued by a team of developers to raise funds for the development of the project. The contract starts in the “donation mode” via a mechanism through which any person can send it to the ETH address and receive tokens in return. This can be a sale via CoinMarketCap, a Dutch auction, an interactive offer of coins, dynamic sales under the rules of KYC or any other mechanism. Once the term of contributions is completed, users can no longer contribute ETH. Beginning from this moment, the balance of the initial tokens is determined, after which they can be traded.”
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