Yes I have seen in one of the articles about DAICO. DAICO is a mechanism by which contributors can send funds to the project in exchange for network-specific tokens.
RE: Reverse Initial Coin Offerings Can Remove Scams From the Industry - NullTX
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Reverse Initial Coin Offerings Can Remove Scams From the Industry - NullTX
No, it is more a guaranteed that the project is moving forward and developers have access to a certain amount of money at each milestone accomplished.
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