ICOVO ICO - PROJECT PREVIEW

The company is gaining great momentum. ICOVO is the world’s first and only ICO platform that can actualize healthy ICOs. The core of its service is the DAICOVO smart contract, which is based on the concept of DAICO.

What Is ICOVO

ICOVO is the world’s first and only ICO platform that can actualize healthy ICOs. ICOVO will make possible to resolve the issues indicated above by creating a platform that have the interest of the project and the interest of investors at heart. In order to achieve this, the platform will make use of KYC/AML, whitepaper versioning, and DAICOVO.

About DAICOVO

Since the first ICO of Ethereum on Sep 2, 2014, ICOs have been killing it as a new, democratic and open way to raise funds. For example, early this year, LoopX(a peer to peer trading platform) raised approximately 4.5 million dollars. If you were in a world of a crypto, this might not sound impressive. But this is still significant considering our traditional fund raising schemes. ICO fundraising surpassed angel & seed stage Internet VC funding globally as of July 18th, 2017 already.

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.

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.

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. It will also have a mechanism which will enables investors to seek for refunds whenever the project don't work according to their roadmap.

Problem
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.

Solutions

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.

ICOVO Features

The final objectives of this platform is to to make all ICOs use DAICO platform and infrastructure, So the project team will develop an open source called DAICOVO,and it is aligned with the concept behind DAICO .at the same time they issue OVO coins, I think you have already heard about it . So it will be specialized mostly as a current which is for procuring these ICO investments by investors.

This token is very significant. This OVO token is the world’s first and only token which specialized for ICO fund procurement sectorThe value of the token increases when the more sound ICO projects are undertaken on this ICOVO structure,

Most issues will be solved through actually providing ICOVO Application and it is issued for both android and iOS versions. ,and we can say it is the worlds one and only wallet which optimized for ICOs only, when considering ICOVO Web, it will increase usability when people participating in ICOs through their personal computers and mobile phones. So with the help of these features, ICOVO platform will build an realaible ecosystem for promising blockchain-related project startups.

Icovo App