ICOVO - The World’s First ICO Platform Implementing DAICO
While the revolution of cryptocurrency is gaining wide acceptance, ICOVO creates a decentralized platform and application that facilitates the selection of investors and protects their funds with the help of intelligent contracts that distribute funds to start-UPS, conducting their ICO as they move along the roadmap in stages.
"Well, ICOs are a type of crowdfunding or crowd investing tool conducted entirely on the blockchain. Originally, the main idea of an ICO was to fund new projects by pre-selling coins/tokens to investors interested in the project. Entrepreneurs present a whitepaper describing the business model and the technical specifications of a project before the ICO. They lay out a timeline for the project and set a target budget where they describe the future funds spending (marketing, R&D, etc.) as well as coin distribution (how many coins are they going to keep for themselves, token supply, etc.). During the crowdfunding campaign, investors purchase tokens with already established cryptocurrencies like Bitcoin and Ethereum.
As opposed to traditional crowdfunding where the investment is considered to be a donation or a pre-buy of a product, ICOs give the supporters the possibility of a return of investment when selling their coin later at a possibly higher price."
That being said, ICOVO has as its mission to expand the range of ICO investors and the ICO market itself. ICOVO will solve problems by eliminating barriers to the process of participating in ICOs so that anyone can easily participate.
What exactly is ICOVO?
As said earlier, ICOVO is the world’s first and only ICO platform that can actualize healthy ICOs. Each country’s government is advancing regulation in order to create a healthy environment for ICOs, but this is difficult to achieve for borderless ICOs using only centralized regulation. They will solve fraud and decrease in project motivation the problems raised by ICOs through the decentralized approach of DAICO. With the mission of having all ICOs use DAICO, They will develop and open source DAICOVO, which is aligned with the thinking behind DAICO. In addition, They will issue OVO tokens, which will be specialized as a currency for procuring ICO investments.
Ethereum, which has a high distribution amount and is universal, is currently used as the main currency for procurement, but They will provide benefits for ICO investors for using OVO for participating in projects on the ICOVO platform.
THE MISSION AND VISION
ICOs are at the crux of the ecosystem necessary for hatching innovative blockchain-related startups.
ICOVO will support a healthy ICO which will make a future by offering ICOVO Web, ICOVO App and DAICOVO.
Details are listed below in three points:
Increase ICO Transparency and Protect Investors
Reduce Barriers for ICO Participation
Increase Project Durability
HOW IT WORKS?
ICOVO aim to protect ICO investors by introducing a fundraising management system and increasing the transparency of ICO project founders as well as the projects themselves. The core of its service is the DAICOVO smart contract, which is based on the concept of DAICO, which was advocated by Ethereum co-founder Vitalik Buterin in January 2018. This will guarantee the protection of ICO investors at all time. It's implementation will be done through the ICOVO platform. The platform will also implement KYC/AML for invesstors and project founders. The whitepaper versioning will use the IPFS and the blockchain will ensure there are no changes to the whitepaper and agreement.
OVO is the world’s only token specialized for ICO fund procurement. Its value increases the more sound ICOs are undertaken on the ICOVO platform, so OVO will serve as a symbol and index of the health of the ICO environment. In addition to creating a healthy ICO environment with DAICOVO and OVO as its core, ICOVO has as its mission to expand the range of ICO investors and the ICO market itself. ICOVO will solve problems by eliminating barriers to the process of participating in ICOs so that anyone can easily participate. They will be solved through providing ICOVO App (iOS/Android), which integrates the world’s only wallet optimized for ICOs, and ICOVO Web, which will increase usability when participating in ICOs through personal computers. Through the provision of its four services – DAICOVO, OVO, ICOVO App, and ICOVO Web – ICOVO will build an ecosystem for reliable blockchain-related startups.
Only pre-approved project that agreed to DAICO concept will be allowed to raise funds through the platform. The platform will also issue OVO tokens, which will be specialized as a currency for procuring ICO investments with some percentage discount. OVO token is the world’s only token specialized for ICO fund procurement. Its value increases the more sound ICOs are undertaken on the ICOVO platform, so OVO will serve as a symbol and index of the health of the ICO environment.
The platform competitive advantages are its vision based on original ideology and the vast human capital of the three founders in terms of management capability, technological strength, and glocalization ability accumulated from their wide-ranging experiences.
What exactly is DAICO?
A key principle of ICOVO project is DAICO or Decentralized Autonomous Initial Coin Offering. The developer team sells its tokens during DAICO as it was in ICO. But DAICO is more transparent and safe comparing to ICO. A smart contract is running DAICO that regulates payment issues. It also controls the amount of money that the team can access. The token holders have decision-making right. In case of any needed changes in the project plan, the team places the offer and waits for holders votes. The contract completely excludes the possibility of total fraud. If token holders see the team is not able to perform the objectives, they can initiate a return of remaining funds.
The main core of the platform is of course DAICOVO smart contract, which was positively expressed by the Creator of Ethereum Vitalik Buterin. To invest in projects, participants will be able to use their own OVO tokens, which will give certain benefits. Now you can download their application for iOS operating systems(https://itunes.apple.com/us/app/icovo/id1393849523) and Android.
It contains the following useful features:
A personal wallet that supports ERC 20 tokens and the issuance of a private key, which is stored only in the user's phone;
Decentralized exchanger between users;
Universal voting function;
ICO panel, where you can get the opportunity to register in white lists, view technical documentation and information about startups, KYC service, which will be enough to pass once and upload photos, documents.
DAICOVO is planned to be released as open source and this gives a great advantage to the ICO founders by making many functions free of charge: setting parameters, creating a digital token icon, deploying, conducting airdrops, connecting referral programs. The KYC procedure is required to pass not only investors, but also the organizers of the projects, which further enhances the protection.
Download! Get Free Tokens
Wallet supporting ETH/ERC20
Private Key securely stored in the device
Decentralized exchange integrated
ICOVO App version 1.2.0 / January 1, 2019
Voting / Drafting function
DAICOVO (DAICO) interface
ICOVO App version 1.1.0 / September 15, 2018
ICOVO App and ICOVO Web
ICOVO App is Android and iOS compatible application with ERC20/ERC223 wallet. It allows the project's founders to manage their funds and voting. Token holders can easily invest in different ICO and manage their tokens. The system will not save private keys on its server. ICOVO Web will have a list of all DAICO projects.
The advantages of the project for investors:
• Investors’ protection against fraud
• KYC/AML procedure of project founders for additional transparency
• ICO projects transparency and creation of standards
• Decentralized token management, decentralized whitepaper storage in IPTF
• Reduce barriers for ICO participation by utilizing once performed stored KYC
Advantages for ICO founders:
Founders of ICO receive besides the trust of investors a free service such as design and parameters settlement, token compelling and other. Additional service includes business plan analysis, white paper review and translation to multiple languages, legal check by a Swiss lawyer and press release
TOKEN SALE AND ICO DETAILS
OVO token is a utility token used for various services and purchasing different ICO tokens at 25% discount. ICO investors who use OVO to purchase tokens for projects drafted on the ICOVO platform get a 25% discount compared to using ETH. OVO is an exchange-listed token, its price fluctuates against ETH, for this reason, the rate for the 25% discount against ETH is set at whatever the rate is just before each drafted project's token sale begins (resulting in the discount rate continuing to fluctuate throughout the token sale).
In addition, 30% of the amount raised by the planners is paid in OVO while the remaining 70% is paid in ETH.
Name: OVO Token
Token type: ERC20/ERC223
Total supply: 200,000,000
ICO price: 1 OVO = 0.3 USD
Token Sale Soft Cap (Reached): 5,868 ETH
Token Sale Hard Cap: 60,360 ETH
Token Sale Target: 33,533 ETH
OVO Token Sale Website: https://icovo.io/signup/
OVO Token Sale Timeline:
MEET THE AMAZING TEAM BEHIND THIS GREAT PROJECT
For more information, please visit the links below:
Author: Tosin David
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1180815