The DAICO system is an innovative fundraising model that incorporates some of the benefits of distributed autonomy (DAO) to make the initial ICO concepts more transparent and secure, a model proposed by Etherium founder Vitaly
An innovative fundraising model aimed at making the ICO safer by introducing a voting system and involving project participants in the voting process
Briefly,
- If you misrepresent the direction of the project or how to use the funds, you can appeal to the donors to improve them
- You may not pay the investment money. ^^ (The investment is not paid at once, but it is paid sequentially according to the progress of the roadmap.)
The first ICO that introduced this DAICO system is "Abyss"
Abyss Token Sale represents an improved and improved DAICO mechanism for donors to control their withdrawal and provides an option to discontinue the project and refund the donation if the team fails to implement it.
Through all of this, The Abyss project will be the world's first token sale to pioneer and promote the DAICO concept.
In other words, Abyss will be the first issue in the world that is the first release of the DAICO model that minimizes the risk of ICO
Abyss' ICO enters the ICO phase 2/7, eliminating the pre-sale phase
That's as good as it is!
There is a 25% bonus on the first day
We are currently pre-registered.
Abyss pre-registration --> https://www.theabyss.com/invite/ut2lc3
Below is the latest from Abyss official blog
to sum up..
Increase minimum minimum to 0.01 Ether -> 0.1 Ether
We have divided the hard cap into (International) World and USA.
International hardcaps - 3 more, US hardcaps - 2 more, buy only US authorized sellers
The token is a lockup for 1 year.What is meaningful ...
I will accept BNB tokens.
Hard cap is 300,000 BNB without moderate / minimum 1000BNB
-> It seems to be giving the sauce in a secret manner.
My brain is special ~ ^^
=== Original ===
Token Sale (DAICO) Introducing the update pack in a week before the end of the week. This update is very important. Please, note:
Our Thomas Sale Advisor suggested extending the project's DAICO for a month and ending on April 1, 2018.
Therefore, the bonus program is modified to 1 day (25%), 2-7 days (15%), 8-22 days (10%), 23-40 days (5%) days 41+ (no bonus);
The first version of the game package platform will be launched in February 2018, beginning in December 2017 at the Token Sale
When we received many requests from contributors, we also decided to run an effective KYC (Know Your Customer) program for everyone. In addition, US citizens must pass the accreditation process. Each guideline for passing the KYC / AML course follows. Due to the cost of introducing KYC / AML and identifying each contributor, the minimum contribution increases from 0.01 to 0.1 ETH.
As our interest in our projects grows, we can now use whitelists. Everyone who successfully registers and passes KYC / AML procedures is included in the whitelist and is guaranteed the right to participate. We reserve the right to suspend whitelisting at any time.
Our project is ethereal based. When fully adopting the DAICO model. The initial hardcaps were based on a completely different market situation and did not want to change it every time the ETH price fluctuates. In December, the ETH was $ 500, and at that time, we set up 100,000 ETH hard caps. Overall, it was about $ 5 billion. Then the price of ETH rose to 100,000 ETH for 100,000 ETH. Now with a positive outlook for February, we are reducing it.
The hard cap is now divided into several parts
International and US;
International hard cap is 30 000 ETH. From DAICO 8th, there is no minimum and no minimum. By reaching 30 000 ETH by March 1, international participants will be able to continue participating until the token sale (DAICO) full hard cap is met.
Hard cap is US (20) 000 ETH day minimum and maximum contribution, 1-7 persons 1 and 100 ETH respectively. From 8 to the day after the start, the minimum contribution but no cap remains the same. If the United States reached by hard cap on March 1, from this day on until the authorized United States participants will still be able to contribute to the Token Sale (DAICO) full hard cap is met. Token-accredited investors sold to the US in accordance with relevant US securities regulations will be frozen for one year
We now accept Binance (BNB) tokens and create a minimum hard cap of 300 BNB or more (300 000 BNB), but there is no limit. BNB tokens do not have a vesting period, and after the crowdsale is over, the development team can withdraw (if necessary) according to the purpose of the project. We will establish a BNB course a few days before the token sale, depending on the ETH market ratio.
Please note that BNB tokens are the only international (non-US) company to be allowed in ABYSS tokens that will last for a full period of 1 year, with a full six months to six months, a cliff of six months
Reserve Bank (FRB) tokens (18% of total token supply) will be frozen for 6 months. These reserves are used to accelerate ecosystem growth in the early stages of platform operation and provide motivational rewards to players to provide a remarkable new game.