What is a DAICO?

A DAICO an improvement on the ICO fundraising model that incorporates certain aspects of DAO’s. It was proposed by Vitalik Buterin in January 2018 as a way to make ICO’s more secure by involving investors in the initial project development process. It will further enable token holders to vote for the refund of the contributed funds if they are not happy with the progress being made by developers. For projects that implement the DAICO concept, it will force a level of accountability on developers and give token holders additional peace of mind that they are guaranteed to either see at least a minimum viable product or get their money back.