Decentralized Autonomous Initial Coin Offering (DAICO) is an accountability tool; the brainchild of Vitalik Buterin, put forward in January 2018 as an improvement to the Initial Coin Offerings (ICO). It is built upon the foundations laid in the DAO blockchain; DAICO enhances security on the chain by offering features such as:
- Never having complete trust in a centralized team at any point
- Allowing for platform participants a voice on the utilization of funds
- The ability for funds contributed to being refunded
Trials for this new technology are already underway and the gaming platform, Abyss is the first to apply this system.
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