Daico means Decentralized Autonomous Organizations and Initial Coin Offering. It is created to improve the features and accountability in the ICO model of fundraising. It consists of two-part.
- In the first part, investors are allowed to send their Ether to the project team. They receive tokens in return, and when the crowd sale ends, they won’t allow any more investments.
- This part consists of a mechanism where funds are released to the project team through phases.
Explore most asked questions and answers related to Blockchain from here: Best Questions And Answers On Blockchain