DaoCoin promises transparency and efficiency, but how do they plan on doing it? Funds are held in custody by trusted third-party companies worldwide and audited by accounting firms on a monthly basis. Both community operation and reserve management are independent of each other, and a mature trust mechanism is applied. Some of the most prestigious third-party companies help manage the security of the fund reserves. The firm provides real-time information on the Fund-Token matching is available both via the website and the API. Records of issuance and redemption are available on the blockchain and can be tracked by community members. Audits are done by trustworthy third-party auditors, who publish monthly audit reports to ensure transparency and openness in asset management. Token generation contracts are audited by third-party firms as well. The smart contract audits combine compliance, security, and a comprehensive checklist of known
