DAICO vs ICO: Differences Explained

in #blockchain6 years ago

The very first ICO was held just over 5 years ago, when J.R. Willett pioneered the idea for his startup Mastercoin. That was 2013, and just a few short years later there have been over 1,500 ICOs to date.

ICOs follow the fundraising model of a traditional IPO, but instead of a stock, it is a new crypto or blockchain-based token offered by the company in exchange for investors’ funds. Usually, there is a specific business case or new functionality promised.

Unlike on the stock market, you don’t have to actually build a successful company before the ICO. However, companies must complete their research, concept, strategy, roadmap and marketing/PR plan. The investment-seeking startup should clearly communicate to potential investors how their product is going to solve the outlined problem.

EOS has raised over $4 billion dollars so far using the ICO model, and other successful examples include Ethereum ($18.4 million in 2014), ARK ($5 million in 2016) and Bankera ($151 million 2018). More than the initial money raised, you can also measure success by the return on that initial investment, which is as high as 598,000% (NXT).

Read The Full Entry


Openledger delivers the blockchain services and custom blockchain development that powers real business transformations.

Create new business tools based on revolutionary decentralized networks that change your industry forever.

Follow us:

::: Twitter ::: Facebook ::: LinkedIn ::: YouTube :::

Sort:  

✅ Enjoy the vote! For more amazing content, please follow @themadcurator for a chance to receive more free votes!