Icovo: Promoting better ICO activities management through the use of Blockchain itself

hypervira (46)in #ico • 6 years ago

In almost all crypto-related projects doing an ICO as a source for crowd-funding has become truly rampant. It has become the most turned to solution for a lot of start-ups because it is convenient, both to project owners and investors, as well as it has successfully generated a lot of funding to kickstart one good project.

For many startups, this has been their aid in actualizing their visuals and to let the world know of their solutions. For investors, going through ICOs gained them a lot of investment opportunities for having been a part of the project’s growth during its early stage means more profit when the ICO ends successfully.

But despite the success of various ICOs, there remains challenges embedded therein that when addressed could promote better project health and management, which in the long run would mean a clearer business path and more profit. With a similar vision, ICOVO is now ready to support startups’ ICO endeavors and help them succeed along the course.

ICOVO aims to support ICOs to provide a healthier project management. Having been able to understand how ICOs are an integral part for every startups, the team behind ICOVO hopes to provide a platform that will make ICO management less time-consuming but more generating, more transparent for investors to fully see the real value of a business project and let investors understand the whole ICO process without going through an ordeal.

Today’s generation of investors had seen the enormous growth of businesses venturing in the use of Blockchain technologies. With this, many are investing quite a portion of their wealth to promising crypto startups. And the use of ICOs has greatly helped in this area. ICOs are the stepping stones for businesses to market their ideals and solutions in hope to find compatible investors. This is why ICOs are vital and an important part of a business or project who wishes to excel among others.

Despite the said integral role of ICOs, a lot of startups fail and one probable solution is the inefficient ICO management. ICOVO wishes to address and lessen startups failing their ICOs by providing a transparent ICO management platform, reducing the barriers of ICO participation and providing efficient solutions to drive durability.

ICOVO increases ICO transparency and protects investors through its solution, DAICOVO, which is a decentralized token management solution. DAICOVO utilizes the Tap System technology where developers are being driven by smart contracts that set an amount that can be withdrawn per unit of time. This ensures that investors are properly compensated for their investment and stops developer from running of the raised funds. ICOVO will also help provide a decentralized whitepaper versioning system that stores older versions to the Blockchain to avoid tampering. ICOVO will also do KYC/AML on project members for investors to see and quantified activity updates data of an ICO.

To reduce the barriers of entry for ICO participation, ICOVO will be providing a unified investment process and format for information disclosure. A local digital wallet will also be provided through the ICOVO App which has a simple UI that makes all related ICO processes a lot easier to understand by investors. A unified format for whitepapers will also help investors read through the deepest details they need to know in a startup project.

ICOVO’s solution in increasing project durability lies on the use of its very own Tap System technology. The Tap System implements the DAICOVO ideals which help developer gain the motivation to finish the project at its highest peak.

Challenges Solved

ICOVO helps address traditional challenges incorporated in ICO management. Below image summarize the different challenges involved and how ICOVO will address them.

The ICOVO Solutions

ICOVO’s solutions include the DAICOVO, the ICOVO App and the ICOVO Web.

For business startups who would like to do their ICO on the ICOVO Web, ICOVO will provide the issuing, selling and management of tokens as well as the provision of smart contracts.

The ICOVO App holds the digital wallet of the ICOVO platform. Running on blankets of security protocols, this eliminates the need for startup to create their own digital wallet for their own project. This cuts of cost and time of development.

The ICOVO Web lists all current and available ICOs for investors to see. Listed ICOs are guaranteed to have passed necessary requirements embedded within the ICOVO platform and strict adherence means available ICOs are guaranteed to be promising and trust-worthy,