Decentralized Autonomous Initial Coin Offerings (DAICO)

Decentralized Autonomous Initial Coin Offerings (DAICO) is an approach to decentralized project fundraising that integrates a kind of governance into the ICO process and gives backers the chance to vote on whether their money should be returned if specific criteria are satisfied.

It was proposed in 2018 by Vitalik Buterin, the inventor of Ethereum (ETH), with the goal of fusing concepts from initial coin offerings (ICOs) and decentralized autonomous organizations (DAOs) in order to boost investor confidence in the latter and give them more control over how the funds raised are allocated.