Decentralized Autonomous Initial Coin Offering (DAICO)

DAICO combines the principles of DAOs (Decentralized Autonomous Organizations) and ICOs (Initial Coin Offerings) to create a more transparent and secure fundraising model. Proposed by Ethereum co-founder Vitalik Buterin, a DAICO allows token holders to have more control over the funds raised by voting on whether to release more funds to the project team or refund the remaining money. This model seeks to prevent scams and ensure accountability in blockchain projects, unlike the unregulated nature of traditional ICOs.