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
![Explanation of DAICOs](https://cdn-ak-scissors.b.st-hatena.com/image/square/1cbf94a765b6c015408ccb135765404fd1e484c6/height=288;version=1;width=512/https%3A%2F%2Fethresear.ch%2Fuploads%2Fdefault%2Foriginal%2F1X%2Fd422da54d200e5dc8e119de3a65ec885a542b4c3.png)