ICOVO - Creating a Healthy ICO Environment with DAICOVO and OVO

tempe (40)in #bitcoin • 6 years ago

INTRODUCTION

Some projects have taken quick profits from investors or tricked them, they are as if making an ICO period to convince investors that this project really exists, but after investors give money, they run away, even fraudsters use other people's identities. With ICOVO, Project founders can register their projects at ICOVO Web, so investors no longer need to be afraid to follow the ICO that is running, because they are really protected by ICOVO. KYC / AML is also very needed and is a criterion for listing. And, IPFS and Blockchain will managing ICO projects listed on ICOVO Web.

WHAT IS ICOVO ?

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.

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.

ICOVO ECOSYSTEM

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.