How are you doing my dear STEEMIANS ?
This is my new post about actual news in Cryptosphere. From many news last week,
for me, the most exciting one, and also most interesting is from Vitalik Buterin
about DAICO. So, what is DAICO?
So, as you already know, well known russian-canadian programmer,
Vitalik Buterin, recently outlined a new decentralized fundraising model
for the Ethereum network called a - DAICO.
Let me explain; idea is to create a more better way of controlling an ICO, which is
the current model that is used for fundraising on the Ethereum network.
He sad that he accomplishes this by combining the old ICO concept with a
Decentralized Autonomous Organization (DAO), an organization
that is run by hardcoded rules.
ICOs allows a team of developers to find investors who see
a need for their proposed idea and invest in it directly.
This allows them to bypass traditional fundraising methods like
Initial Public Offerings (IPO) and venture capital.
This produced great gains on their initial investment,
which added boost to what’s been labelled the ‘ICO craze’.
To-date there has been over $3 billion raised by ICOs and still growing.
Vitalik's new DAICO is even better; it improves greatly on the existing ICO model
and gives investors a new level of control and protection against fraud.
DAICO starts out very similar to an ICO, but the difference between a DAICO
and an ICO begins after the contribution period, when a mechanism,
called a ‘tap’, kicks in. TAPS allow token holders to control how much
funding the team has access to.
Start your next project with DAICO !
So, i think, 2018 might be the year of the DAICO.
The idea behind DAICO is that the community who invested in
has control over their investment and will know that their
money is being spent wisely. Token holders can also vote to cancel a DAICO,
and get the remainder of their investment back. We will see.
More innovation means more exciting times; for us to come and
for the blockchain industry in general.
If you have any questions about DAICO or ICO, please, contact me on
Discord 24/7, user cryptomonitor#0447
Support STEEMER.NET Project for STEEM
https://steemit.com/adsactly/@cryptomonitor/steemer-net-project-news-updates-account-transfers-history-in-steemer-net-part-4-18-01-2018
Please, vote @adsactly-witness for your Steemit witness. We will represent you well. If you are unsure as to how, please ask in our Discord channel (click on the big coin)
