Explanation of DAICOs

Why not go further and mutually work for merit not currency? :wink:

smart contract/continuous version of a traditional business model (alpha):
https://github.com/disclosure-exchange/smart-contracts/wiki

currencyless economic model that solves war/deficit/oppression cycles of all sorts (pre-alpha):


And add governance by forking not voting?

Intermission - A DAO Story (between alpha/beta)


Beta testing starting next week :slight_smile:

Here is the exact situation I described above playing out:

Great post. I think the model is very clear. I think generally I am concerned with these mechanisms of fundraising.

What is the benefit for a project in conducting an ICO as opposed to simply launching on a decentralized exchange directly? How does having a contribution period benefit the project, stakeholders, or broader ecosystem?

sDAI can also help optimise locked capital utilization.