Fresh dirt

  • Explanation of DAICOs, ICO + DAI

    The following is a quick exposition of an idea I had for improving the ICO model by merging in some of the benefits of DAOs, but doing so in a way that minimizes complexity and risk. The idea is as follows. A DAICO contract is published by a single development team that wishes to raise funds for a project. The DAICO contract starts off in “contribution mode”, specifying a mechanism by which anyone can contribute ETH to the contract, and get tokens in exchange. This could be a capped sale, an …