TOKEN SALE (COT)
1 COT = 0.5 $ (USD)
JUNE 22 - JULY 28 2018
MINIMUM TRANSACTION AMOUNT
0.01 BTC
LAUNCHING
JUNE 22 TO JUNE 27
1 COT = 0.4$ (USD)
IMPORTANT: Once the date of sale of COTs for each Stage has elapsed, it will not be possible to take advantage of the previous offer.
STAGE 2
JUNE 28 TO JULY 03
1 COT = 0.45$ (USD)
STAGE 3
JULY 04 TO JULY 10
1 COT = 0.475$ (USD)
CLOSING
JULY 11 TO NOVEMBER 28
1 COT = 0.5$ (USD)
It is an improvement in the ICO fundraising model that incorporates certain aspects of DAO. The idea was suggested by Vitalik Buterin in January 2018 and aims to make the ICO safer by involving investors in the initial process of project development. It will also allow the tokens' holders to vote for the refund of the contributed funds if they are not happy with the progress made by the developers.
For projects that implement the concept DAICO, it will force a level of responsibility on the part of the developers and give the token holders more peace of mind that they are guaranteed to see at least a minimum viable product or recover their money.
https://cointelegraph.com/explained/what-is-a-daico-explained