Vitalik Buterin’s DAICO concept and Hyroshi Kobayashi’s CryptoKami platform for ICOs have the same goal in terms of increasing the power of the contributor community over ICOs, thus reducing the risk of scams or insufficient effort by the development team. Their goals are quite similar but the two solutions have different features.
The conduct of all ICOs on the CryptoKami platform must comply with the Compulsory Reserve Mechanism under the Comreme Algorithm via a regulatory contract in order to effectively protect the project owner and contributor community throughout the life of the company or organization.
Comparative Tap Mechanism of DAICO with CryptoKami solution are Compulsory Reserve Mechanism under Comreme Algorithm via Regulatory Contract .
DAICO will launch a smart contract in the contribution mode. The DAICO contract has a mechanism for individuals to contribute capital to the project in exchange for specific network tokens.
When the crowdsale finishes, the contract will not allow anyone to contribute, i.e., it will allow only normal token sales. The Tap Mechanism will continue to be effective after the capital contribution period ends. Tapes in the contract can be programmed to pre-determine the amount (per second) the development team can collect from the token sale.
Initially, the limit is set to 0 but then the investor can vote for an enhanced tap decision.
Thus, the Tap Mechanism is only valid until the total amount contributed to the project is fully used or is automatically returned to the contributors.
COMPULSORY RESERVE MECHANISM
( KAMI tokens & KAMIs tokens and the Compulsory Reserve Mechanism base on Comreme Algorithm via a Regulatory contract )
CryptoKami creates KAMI tokens and KAMIs tokens. Contributors not only hold KAMI tokens but also KAMIs tokens to represent additional power and financial interests, i.e., the holders of KAMIs tokens have the right to vote on organization/company decisions.
These two tokens are the two protocols that create the next token pair for subsequent ICOs on the CryptoKami platform. ICOs will follow a pattern based on pairs of tokens provided by CryptoKami the API and, as stated previously, must comply with the Compulsory Reserve Mechanism under the Comreme Algorithm via a regulatory contract in order to function as an effective anti-scam mechanism protecting the project owner and contributor community throughout the life of the company or organization.
Vitalik Buterin’s DAICO concept launched in January 2018 and the CryptoKami project began in 2017. DAICO is similar to the CryptoKami platform, and both create a more secure and responsible ICO environment. However, it seems that CryptoKami is a more complete solution, and a more consistent and longer-term strategy.
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.