DAICO = ICOVO = ICO
Hello, dear fans of cryptocurrencies, start-ups and earnings on the Internet. Today we will talk about such a rather interesting and unusual project, like ICOVO.
The ICOVO platform, whose name is made up of two words - ICO and DAICOVO.
If everything is clear with ISO, it is a preliminary sale of tokens in any startup before its opening, in order to attract investment, but what is DAIVOVO? This is a protocol of a smart contract, based on the idea of DAICO, proposed by the expert on the Ethereum Vitaly Buterin.
The essence of the ICOCVO https://icovo.co/ project in a few words looks like this:
- Owners startup register their offspring on ICOVO and pass moderation. After approval, they are given the right to open their ISO company within the ICOVO platform.
- Investors registered with ICOVO choose the ones they like start-ups and invest in them money.
- Depending on the percentage of the amount collected, 2 options are possible developments - the project is successful and when the "hardcap"
- The ICO campaign closes automatically, and the collected funds paid to the developers of the startup. Or the project is unsuccessful and does not reach even the lower threshold - "software" - then all Investments are returned back to investors.
But not everything is so simple. The goal of the ICOVO project is to increase investor confidence in young blockchain start-ups, and for this they use some mechanisms:
- Before the start of the ICO campaign, startup owners needing investments should provide ICOVO administrators with their own road map and Whitepaper, after which they are frozen on the platform, without the possibility of making changes. Of course, the developers will be able to edit its website - but it is clear that this will undermine the credibility of their project.
- After a successful fund-raising and the completion of an ISO campaign, the administration of ICOVO will pay to the owners of the start-up not immediately, but gradually, as the stated objectives are met and points recorded in the Roadmap (which can not be changed!)
Investors will have the opportunity to vote for changes that it is necessary to make a contribution to the project in which they made investments. The there is, which is the point of the road map, for example, mobile application or adding support for some currencies, can be
accelerated or interchanged with other, less important items, by voting of investors.
- All of the above makes it possible to understand that the full launch of the ICOVO project and its wide distribution will lead to a significant increase in investor confidence in new and young blockbuster start-ups. This will also allow depositors to avoid getting scammers and scammers, and any project in which they invested and that did not meet their expectations will be promptly punished and all investments will be returned to investors.
For young developers, this also represents an excellent opportunity to attract excellent financial investments in their projects, quickly find support and complete the development at the appointed time. In addition, the retention of developers in the jagged gloves by the administration of ICOVO will also have a positive impact on start-ups.
From this it becomes clear that the ICOVO https://icovo.co/ site is a real boon for the modern blockbuster industry and the cryptocurrency world as a whole. Indeed, thanks to this creation of Japanese (for the most part) developers, the world will be able to see a lot of new interesting and useful start-ups.
It is also worth mentioning that the project is currently at the moment of beta testing, new functions are introduced, fixed bugs and the company's own campaign is conducted. Public launch and release of the project and exit from the beta stage are expected in the first quarter of 2019, but this depends on the amount of sponsorship collected during the ICO.