Investors need more control over ICOs
At least, that's according to ethereum creator Vitalik Buterin. One of the early thinkers to shape the crypto funding mechanism concept, he hasn't quite put the idea aside, last month proposing it could be combined with a decentralized autonomous organization (DAO) to best allow investors to have a say in how money raised gets handled.
Flash forward to today and what Buterin called a "DAICO" is already being developed, with gaming startup The Abyss building its own version for its upcoming token sale.
"This idea found a free place in my heart," said Konstantin Boyko-Romanovsky, the project's founder. "We really want to make something beautiful."