Hello,
I think one of best use case of Dero will be ICOs, nowadays with spreading blockchain every one want to join the wave. easiest way to Fundraising is ICO.
but every ICO have many problem that can solve with smart contract and PRIVACY. the main problem is trust, with huge number of scam ICOs nobody knows trust a coin or not! with the mechanism that call DAICO it can be solved easily.
What is a DAICO?
It’s an improvement on the ICO fundraising model that incorporates certain aspects of DAO’s.
The idea was suggested by Vitalik Buterin in January 2018 and is aimed at making ICO’s more secure by involving investors in the initial project development process.
It will further enable token holders to vote for the refund of the contributed funds if they are not happy with the progress being made by developers.
For projects that implement the DAICO concept, it will force a level of accountability on developers and give token holders additional peace of mind that they are guaranteed to either see at least a minimum viable product or get their money back.
How does a DAICO work?
It starts off as a Smart Contract in contribution mode.
The DAICO contract will have a mechanism where contributors can send funds to the project in exchange for network specific tokens. When the crowdsale period ends, the contract will prohibit anyone from contributing any further, i.e., normal token sale.
There is one variable that comes into effect after the contribution period has ended called the tap variable. This tap in the contract can be programmed to predetermine the amount (per second) that developers can withdraw from the token sale funds.
Initially, the limit will be set to zero, but contributors can then vote on a resolution to increase the tap.
How is it different from an ICO?
The main difference is access to funds.
With an ICO, once the token sale finishes, developers have complete access to all the contributed funds. Developers have to calculate in advance how much is necessary to produce a minimum viable product and once they reach this amount, called ‘the soft cap’, they can start to work on the product and spend the money on whatever they deem necessary. If they don’t reach this initial soft cap, they have to refund the money. But if they do, there’s no further real obligation.
With a DAICO, contributors can vote on resolutions (during the development phase) to either increase the tap or to return the remaining contributed funds (self-destructing the contract).
* this part was copied from What is a DAICO, Explained, cointelegraph
this method is implemented by
https://www.theabyss.comICOs that use Dero can easily bring millions of user to project with no marketing and effort from Deroproject team. with smart contract and PRIVACY that Dero bring, the main option for hold ICO for both investors and projects will Dero! and Dero can easily take place of Ethereum in this filed!
but we have several issue with using non PRIVACY coins that Dero can solve it !
the biggest ICO that happen in blockchain is Telegram ICO that raised $1.7 billion but recently news come out that SEC(U.S. Securities and Exchange Commission) may not allow Telegram to open public ICO . because of PRIVACY of Deroproject this problem can easy solved !
I think this will be one of main use case of this project.
sorry for my bad english.