RICO was developed so that developers can flexibly design various ICOs and run them completely on smart contracts.Write here...
Responsible Initial Coin Offering ("RICO") is an ICO framework that enables anyone to easily and freely build a decentralized ICO. RICO was developed so that developers can flexibly design various ICOs and run them completely on smart contracts. With RICO, it is possible to compress the enormous labor required for an ICO and to focus on product development. RICO powered ICOs run upon the Ethereum Blockchain.
By using RICO, your ICOs will be completely transparent and fair for all supporters. Since 2017, ICOs have spread rapidly. However, some of these are fraudulent or leave supporters in a disadvantage. Most normal people can not detect this and end up losing money. If this continues, more and more authorities around the world will judge that ICOs are dangerous and might want to centralize the market by making regulations more strict.
The way to solve problems with current ICOs is to realize a standard method upon which ICOs can be built fairer and more transparent. If fair and highly transparent ICO methods spread, there is the possibility of eliminating fraudulent projects through simple trustless principles.
With RICO it is possible to start a more responsible ICO by introducing a model in which the ICO project owners will bear the cost of issuing the first token. Also, RICO also supports the "DAICO" model announced by Vitalik Buterin in the beginning of 2018.