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Crypto 101: What is Decentralized Autonomous Initial Coin Offering(DAICO)Decentralized Autonomous Initial Coin Offerings (DAICO) is a new fundraising method that seeks to combine the best features of Decentralized. Decentralized Autonomous Initial Coin Offerings (DAICO) is a means of decentralized project funding that incorporates governance into the ICO procedure. Introduced by Ethereum co-founder Vitalik Buterin in January , DAICO combines Decentralized Autonomous Organizations (DAO) and Initial Coin.