ICOVO - The World's First ICO Platform Implementing DAICO

khoai (25)in #blockchain • 6 years ago

Nowadays, the cryptocurrency market is developing with dizzy speed, more and more new people know and join this market, this opens business and investment opportunities for Blockchain companies as well as crypto traders, investors. In this market, we can't help mentioning ICO, it's a way for Blockchain startups raising finance for developing and achieving their products, visions. In 2016, ICOs raised only about $98M, however, in 2017, this number amazing increased, up to $6B. This giant number shows that this market is developing very fast and it has great attraction. ICO investing is favorite choice of most cryptocurrency investors, especially new investors and newcomers of this market, they believe that it is the easiest and fastest way to make profits from cryptocurrency market. However, in fact, ICO investing is not easy, novice investors could investment losses, fall in scam and low quality projects. This industry still exists vulnerabilities, lack of information, vague regulations. These things make bad effects, capital losses, investors are less interested with ICO market. That's why ICOVO born.

ICOVO, website https://icovo.co, is a Blockchain platform designed specifically which aims to solve the fatal flaws of current ICO market. To do this, ICOVO offers three special solutions: ICOVO Web, ICOVO App, and DAICOVO. ICOVO Web helps increase the transparent of ICO and protecting ICO investors. ICOVO App removes the barriers of joining ICO projects. DAICOVO increases project durability.

There are a lot of serious problems that ICO investors and ICO projects are both facing, some projects do not refund investor's money despite of their projects has been cancelled or turn to failure, it's clearly scam. ICO projects use fake team profiles to cheat their investors. ICO investors use fake images, identities to pass the KYC process. The ICO market is lack of information, new scam ICO born everyday and stole investor funds. Investors don't know what project is worth to invest, what channel and/or site to get legit news. There is not a general framework for ICO projects, they want to attract investors by designing eye-catching documents in their own way, this make investor meet difficulty in discern and compare between ICOs to take investment decision. This also abetting scammers to copy and plagiarize whitepapers to run scam ICO. Investor usually have no right to raise idea, decide things related to the project, such as refund, how the procured funds would be used. To run a new ICO, there are tons of work need to completed such as KYC/AML and token issuing system, but in fact this work can be done easily by using existing source, ICOVO offers this.

How will ICOVO resolve the above problems? Firstly, ICOVO will create a new global standard for ICO platforms to protect innovative Blockchain startups and ICO investors. These standards will firstly be adopted on ICOVO paltform. ICOVO will be the next-generation global standard for ICO platforms that is truly valuable to both innovative blockchain-related startups and ICO investors. DAICOVO makes refunding possible. ICOVO Web provide information about ICO projects in a same framework, it helps investors easily to find and research, compare between ICO projects. ICOVO Web using blockchain and IPFS technology to detect fake, copy and plagiarizing whitepapers. ICOVO App helps verifying KYC/AML process become easily, analyzing and tracking ICO process, public information if required. ICOVO App, which is optimized for ICO, will help investor to invest and manage their tokens. So, as we see, to boost the ICO market, ICOVO offers three solutions, let's learn deeper in these solutions.

DAICOVO - Smart contracts implementing the DAICO model
DAICOVO smart contracts are optimized and designed specifically for ICO through DAICO model. Projects which launch ICO using DAICO on ICOVO will be received free services such as token design, DAICOVO parameter setting, compilation, and deployment.
ICOVO App - mobile app with wallet optimized for ICOs
ICOVO app will be available on both Android and IOS smartphone. This is the world first mobile cryptocurrency wallet that can easily manage ICO list information and all ERC20/ERC223 token. This wallet works smoothly with DAICOVO. ICO holders can run ICO without developing new wallets or preparing third-party wallets for their tokens. ICOVO App also has uploading KYC/AML images function, preventing fraud, edited images.
ICO Web - ICO listing site that completely protects investors
It's a website where ICO holders can list their projects. To get listed, the projects must meet the minimum requirements of ICOVO, these requirements include whitepaper with fixed format, KYC/AML plan, project progress and timeline. ICO Web uses IPFS technology to check whitepaper, detect plagiarism whitepaper, through this, investor can expose scam ICO, if find this, investor can vote and ask for money refunding.

ICOVO will require KYC for both investors and ICO holders. KYC documents can be National ID or passport. ICOVO also shares the progress of ICO by publishing on social media, news channels and GitHub, this aims to increase the transparency of ICO projects.

OVO is a ERC20/ERC233 utility token issued by ICOVO. OVO has many functions in ICOVO platform. Investors can invest in ICO projects using OVO and receive 25% discount compared to purchasing with ETH. OVO also can be used to vote on ICOVO platform. For more functions of OVO, you can find in token sale whitepaper: https://icovo.co/whitepaper/wp_tokensale_en.pdf

OVO Token information:

Name: OVO Token
Token type: ERC20/ERC223
Symbol: OVO
Total supply: 200,000,000
ICO price: 1 OVO = 0.3 USD
Decimals: 10
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:

In conclusions, we can see that ICOVO provide a new standard platform that has perfect solutions for ICO projects and investors. ICOVO will boost the ICO market in a positive and healthy way, solve the existing problems, create the future. ICOVO is what exactly blockchain startups and investor need.
If you are interested to research more and join ICOVO, below are some official links of ICOVO: