Hello steemit community, in this article I will present an interesting ICO analysis, called ICOVO, based on the following criteria:
Service Overview and Organization
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, which was advocated by Ethereum co-founder Vitalik Buterin in January 2018.
Each country’s government is advancing regulation in order to create a healthy environment for ICOs, but this is difficult to achieve for borderless ICOs using only centralized regulation.
We will solve fraud and decrease in project motivation – the problems raised by ICOs – through the decentralized approach of DAICO.
With the mission of having all ICOs use DAICO, we will develop and open source DAICOVO, which is aligned with the thinking behind DAICO.
In addition, we will issue OVO tokens, which will be specialized as a currency for procuring ICO investments.
Ethereum, which has a high distribution amount and is universal, is currently used as the main currency for procurement, but we will provide benefits for ICO investors for using OVO for participating in projects on the ICOVO platform.
OVO 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.
In addition to creating a healthy ICO environment with DAICOVO and OVO as its core, ICOVO has as its mission to expand the range of ICO investors and the ICO market itself. 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.
Through the provision of its four services – DAICOVO, OVO, ICOVO App, and ICOVO Web – ICOVO will build an ecosystem for reliable blockchain-related startups.
DAICOVO: Smart contracts
implementing the DAICO model
In addition to the functions required by ICO project founders such as issuing, selling, and managing unique tokens, DAICOVO offers smart contracts optimized for ICOs adopting the DAICO model. For ICO project founders who use DAICOVO to do their ICO on ICOVO Web, all of the required work, including token design, DAICOVO parameter setting, compilation, and deployment, is free. We plan to release DAICOVO as open source.
Proposed by Ethereum co-founder Vitalik Buterin on January 6, 2018, a DAICO is a model that uses decentralized methods to prevent planners from dishonestly using funds raised through an ICO. In ICOs using tokens that conform to the ERC20 standard, smart contracts are used to limit the amount of funds raised that project founders can withdraw per unit of time, and if the project is canceled for whatever reason, the remaining funds can be returned to the ICO investors if a consensus is reached
ICOVO App: A smartphone app featuring a wallet optimized for ICOs
ICOVO's iOS/Android features a multi-token multi-account wallet compatible with ETH and ERC20 tokens based on the safe private wallet, Wallet format with the purpose of enhancing security by storing the private key only in the mobile device not online, that has been released and is already in use by many, Tachyon, developed from scratch by our CTO Nishimura.
ICOVO App have the one stop solution for investors and project founders. Project founder don't need to develop it anymore.
ICOVO App also have dashboard features,KYC/AML,Whitelist registration, Whitepaper viewer,ICO project list integrates with ICOVO Web and Photo ID uploader.
Furthermore it include DAICOVO user interface and has the interface for Decentralized Exchange(DEX) where users can trade their tokens.
Increase ICO Transparency and Protect Investors
We 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.
Decentralized Token Management
We will create DAICOVO, an original smart contract incorporating DAICO’s fundamental idea of decentralized token management.
We will introduce a system that only allows withdrawals according to the capital demand of a project’s pre-loaded schedule through a Tap system (setting an amount that can be withdrawn per unit of time). This will prevent developers from running off with raised funds.
In the event that an investor notices a problem with the project, they are able to retract their investment that was raised under agreement as a refund.
Decentralized White Paper Versioning
Versioning for White Paper not to be tamperd is managed by InterPlanetary File System (IPFS).
Team Member KYC/AML
We will increase ICO project team member’s transparency by providing ICO project team member’s KYC/AML on ICOVO website in a centralized method.
Visualize Activity Situation
We will increase project transparency by quantifying social media activity and GitHub updates on ICOVO’s website.
Token and Token Sale
Overview and Purpose
ICOVO will issue its own token—OVO (OH-vo)—that can be used on our ICO platform ICOVO. OVO has some utility functions. ICO investors can purchase ICO project tokens at a 25% discount compared to purchasing with ETH. It can also be used to pay for co-working spaces and other services ICOVO provides. Moreover, OVO can be used to exercise voting rights for raising the Tap (amount that can be withdrawn per second) or returning a procured funds back to the investors. The OVO token does not possess the functionality of assets such as securities, and its distribution is not linked to ICOVO’s profits.
A brief overview of OVO:
Token Sale and Participation Process
The closed sale is scheduled to start on 15 May, 2018. Tokens that are left unsold will be sold in the presale and crowd sale. Whitelist registration started on 22 June, 2018. The crowd sale will be held to sell the tokens that were left unsold from the presale. Tokens left over from the crowd sale will not be issued. What follows are summaries of each sale:
ROAD MAP
2018
- PRODUCT : ICOVO Project was started. ICO Platform Implementing DAICO was designed.
- DAICO : DAICOVO which is a customizable smart contract integrating DAICO was designed.
- PROMOTION : Corporate site was opened. Press releases in Switzerland, Singapore Japan were distributed.
- ICO : Preparations for ICO was started.
- ICO : White List registration, KYC/AML and CrowdSale will be started.
- APP : ICOVO App version 1.0.0
- June 22, 2018: Features such as local wallet and Dashboard (KYC/AML, Whitelist registration) implemented.
- PROMOTION : Events in Zug , Tokyo and Singapore will be held.
- WEB : ICOVO Web version 1.0.0 implementation for ICOVO’s Dashboard will be launched.
- ICO : CrowdSale will be started and OVO token will be listed on exchange.
- APP : ICOVO App version 1.0.5
- September 15, 2018: DAICOVO interface, draft, voting features added.
- PROMOTION : ICOVO News Media (icovo.net) will be opend.
- DAICO : DAICOVO version1.1.0 implement of Whitepaper versioning will be launched.
- WEB : ICOVO Web version 1.2.0 implement of management Mypage for drafter will be launched.
- APP : ICOVO App version 1.2.0
- January 1, 2019: Dashboard (Whitepaper explore, ICO project list) and Decentralized Exchange(DEX) integration feature added.
- PROMOTION : Co-working space for innovative blockchain-related startups will be opened in Zug, Switzerland.
- DAICO : DAICO version 1.2.0 implement of parameters setting will be launched.
2019
- PRODUCT : ICO support service will be started.
- WEB : ICOVO Web version 1.2.1 will be launched.
- APP : ICOVO App version 1.2.1 will be launched.
- DAICO : DAICOVO version 1.2.1 will be launched.
- PROMOTION : Co-working space for innovative blockchain-related startups will be opened in Tokyo.
- ICO : 6 months hard-lock term’s of token will be ended.10% bonus token will be distributed to OVO token holder.
- GLOBALIZATION : We will check the situation of country law and start global deployment.
To find out more. You can connect more with ICOVO at the link below:
WEBSITE || WHITEPAPER || FACEBOOK || TWITTER || TELEGRAM ||
Author: SanZoldyck
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