Posts tagged DAO
ICO a DAO - Can Decentralized Autonomous Organizations Save ICOs?

In January 2018, Ethereum co-founder Vitalik Buterin outlined a proposal for eliminating the downsides of many initial coin offerings (ICO). Buterin wrote, “the following is a quick exposition of an idea I had for improving the ICO model by merging some of the benefits of DAOs.” The thought experiment highlighted how a “DAICO” could eliminate the temptation for exit scams and leverage the wisdom of the crowd to distribute project funds. In the following post, we will dive into some of the ways in which a DAICO (an ICO for a decentralized autonomous organization, short DAO) can improve on ICOs and better leverage positive community sentiment.

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Sebastian SchuhlDAO, ICO