Designing DAICO model

[miohtama]

For the formal model please check out my earlier post regarding different legal implications of DAICO model:

Legal and business implications of DAICO like models

I have been doing some pondering around the DAICO concept to understand how to shovel it to the real life business challenges. I really love the idea of having more investor protection when raising significant amounts of funds from the public investors, as the reputation, if there where any begin with, so called ICO industry is very tarnished. DAICO brings its own share of issues. I feel we cannot solve all the problems today, but we can discuss different scenarios. As always, things will be ro…

Also currently TheAbyss is running DAICO: https://www.theabyss.com/

They removed Oracles from the refund voting process. The refund starts automatically once per quarter, up to 1.5 years if I recall correctly. This was because in real life it was hard to find people who volunteer to be Oracles. Furthermore TheAbyss has some hard coded addresses that cannot vote (reserve pools).

Furthermore I recmmend that the first step of tap is asymmetric and notably higher than subsequent steps. This is because you need to make all sort of payments after the token sale is over. Most notable the gatekeeper payments like 1-3M USD for Binance and such for listing the token on exchanges.