DAICO development services
We develop complete DAICO infrastructures to help businesses run fundraising campaigns according to this new, progressive model.
DAICO standing for Decentralized Autonomous Initial Coin Offering is a new model of ICO giving more control to the investors and allowing them to monitor the spending. The DAICO model inspires more trust in the project, gives its investors confidence and, generally, lowers the possibility of fraud.
The concept of DAICO was created by Vitalik Buterin, the founder of Ethereum, as a next level of ICO. The main highlights of the DAICO model show its basic differences from the traditional ICO:
- No funds can be withdrawn without the investorsÃ¢â‚¬â„¢ consent
- The investors can lower the withdrawal rate or terminate the project if they are not satisfied with its progress
- The development team cannot increase the withdrawal rate at their discretion
- All funds are refunded to the investors if they decide to terminate the project
With Adoriasoft, you will be able to run your ICO with a higher degree of trust by your investors and attract more funds by allowing the investors to actively participate in the project management.
How DAICO works
To enable the investorsÃ¢â‚¬â„¢ control over the raised funds, the DAICO smart contract contains the Ã¢â‚¬Å“tapÃ¢â‚¬Â parameter determining the withdrawal rate. By manipulating the DAICO tap, the investors and developers control the funds spending:
- The investors set the initial withdrawal rate for the development team
- The investors can raise the DAICO tap if they are satisfied with the way the project progresses
- The developers can lower the tap if they believe the project needs a more moderate withdrawal rate
As a result, DAICO creates a democratic model of ICO management allowing both the investors and the developers to participate in the decision-making. Unlike ICO where the investors have no control over the project after the fundraising in complete, DAICO is more transparent and secure.
At the moment, DAICO development is supported on the Ethereum platform only. Our expert team of Ethereum professionals will ensure the top quality of your DAICO project.
DAICO model advantages
- – Higher investor confidence
- – Higher investor motivation through the ability to influence the project development flow
- – Increased spending transparency
- – Higher development team motivation due to the investorsÃ¢â‚¬â„¢ control
- – Increased project effectiveness due to joint decision-making
DAICO development services we provide
- – DAICO smart contract development
- – DAICO token development
- – DAICO investor cabinet development
- – DAICO website creation
- – Marketing campaign planning and implementation
Adoriasoft has been on the software development market since 2010. During that time, we have gathered a distributed team of people who are true professionals in their fields of study. The joint expertise of our team forms a solid foundation for successful delivery of complex projects in the extremely demanding and dynamic market of crypto technology and distributed applications.
We are closely following the evolution of the blockchain and crypto technology sector and understanding the concerns that todayÃ¢â‚¬â„¢s business has about the accepted fundraising models. We are committed to bringing trust and transparency to crowdfunding, and welcome all initiatives focused on increasing the democracy and responsibility.
Our interest towards DAICO and the research we do in this area have resulted in the accumulation of sufficient knowledge of this new approach to ICO campaign organization. We will be glad to share our expertise with you and help you set up a truly effective and transparent fundraising campaign for your project.
We are both a blockchain development and blockchain consulting company committed to introducing and popularizing the blockchain technology in various industries. Browse our website for more information about us and the projects that we have delivered.