ICOVO: IMPLEMENTING SOLUTION TO CRYPTOCURRENCY FRADULENTS
Morning Cryptics,
It's obvious that the aggregate sum of assets administered in daily crypto blockchain is more a surprise as it's ranging from more than $400m and upward but most of crypto ICO's don't usually kept their words as promised.They tend to change the objectives of their project at the middle of the journey.Some developers even end up running away with investors cash/money and investors will be the losers. The purpose of this project is to bring solution to such problem by creating a project that will evolve and flourish reliable ICOs.
WHAT IS ICOVO?
AICOVO is the overall world number one ICO platform that can detect reliable ICOs.The crypto countries are been observed trying their effort to administer regulations in crypto world so as to overide the unhealthy ICOs but to no avail because of the centralize regulation used by boarderless ICO projects.The project aimed at bringing solution to the fraudulent ICOs and other crypto issues raised by ICO developers via the decentralized technique and system of DAICO.All DAICO will be utilize for all ICO's that comes through the system and their will be a creation of an open source DAICOVO which is positioned with the thinking behind DAICO.
Further more, the project team will provide OVO token that will function as a currency for purchasing or investing in ICO.
ICOs (Initial Coin Offering) are sort of investment that's referred to as crowd funding that's administered or operated on blockchain technology. The purpose of ICO was to generate or create new projects by trading coins and token to the focused investors.
DAICO is also refers to as DAICOVO and DAICO means Decentralized Autonomous Initial Coin Offering. It's a smart contract and the essential basis of DAICO that's brought about by Vitalik Buterin well known as Ethereum co-founder to provide security to investors. The DAICO will be utilize by AICOVO to provide protection for investors.
The project...AICOVO developed a decentralized application and platform that will assist in choosing the most suitable investors and secure or protect their funds with the assistance of smart contract and issue funds to start-ups as the ICO is moving forward toward roadmap. This method was implemented in order to detect healthy and sick to fraudulent ICOs and it will enable the promising ICOs to exist as the teams won't have the ability to eliminate their project and runaway with investors fund.The investors will also have the ability and right to make decisions if it happens that there will be changes of plans by the team members. If a particular project failed to achieve it's objective, the investors can initiate the refund of their investment.
HOW IT WORKS.
ICOVO is an ICO advocate platform founded on DAICO termed as DAICOVO and it's comprises of ICOVO Web and ICOVO App.It's also a smart contract containing token contract, token sales , voting and a pool contract.All the mentioned contract interact with one another and autonomous (independent).
Facts, documents with information needed for a token sale contract will be acknowledged or submitted by project developers, a smart contract will be created.Afterwards, the project proceed to initial coin offering or contribution mode where interested investors can purchase the token with either OVO or ETHEREUM.After token sale and payment of commission to ICOVO, the unlocked money will be withdrawn by the team then the project proceeds to voting mode.In voting mode, the investors can either vote for or against the team proposals.Their will be caution taking in order to prevent fraud during voting... which is the process of moving some tokens to a certain address and then returned back when voting is terminated, discounted or ended.
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.
ICOVO ICO DETAILS
ICOVO Token Symbol is OVO and it's a utility token for purchasing different ICO token at discount rate of 25%.It's an ERC20/ERC223 Token based on ETH blockchain with total supply of 200million OVO. Total token available for sale is 210million OVO with Soft Cap of 5,868 ETH and Hard Cap of 60,360 ETH.Price of 1 OVO is equal to 0.3 dollar.Presale commence September 24, 2018 and minimum purchase is 100 dollar while crowdsale starts from October, 10, 2018 to November 30, 2018.
For more information,please visit
Website: https://icovo.co
Whitepaper: https://icovo.co/whitepaper/20180831_wp_service_en.pdf
Twitter: https://twitter.com/ICOVOCO
Telegram: https://t.me/icovoco
ANN Thread: https://bitcointalk.org/index.php?topic=4468796.0
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1333114;sa=summary