ICOVO is a one-stop ICO support service providing DAICOVO, a platform for managing the issuance of tokens in ICOs using Ethereum’s ERC20/ERC223-compliant DAICO framework.
ICOVO has ICOVO Web which is a website for ICO project founders to list their ICOs for investors. It thoroughly protects ICO investors and lists only ICO projects that comply with ICOVO requirements. The criteria for listing on ICOVO are the utilization of DAICOVO, planner KYC/AML as required by ICOVO, and disclosure of the progress of the project.
The ICOVO team understand that ICOs are very important in empowering good and innovative startups on the blockchain technology hence the need to encourage the process of fundraising through ICOs instead of trying to eliminating them. The ICOVO project has created DAICOVO, a unique smart contract integrating DAICO’s basic concepts of decentralized token management. The DAICO was introduced by Ethereum co-founder Buterin Vitalik to provide a decent ICO stage for investors and to ensure that projects designed on the Ethereum blockchain and aimed at raising funds through the ICOs are genuine and will not pose risk of fraud to the investors
It is not easy to make a healthy and quality ICO, and it really requires a lot of money that also start from caring for the web and others, and, ICOVO will develop and open DAICOVO sources, which are in line with the thoughts at DAICO and with the mission of having all ICOs use DAICO. The ICO project founders who use DAICOVO to do their ICOs can get free access to the ICOVO Web, all work required, token design, DAICOVO parameter settings, compilation, and deployment.
A genuine intelligent contract that combines DAICO’s fundamental ideas that address DAIC in the management of decentralized tokens will be made by ICOVO, namely DAICOVO. To prevent developers from running out of funds, ICOVO will also introduce systems in accordance with capital requests from Java pre-loading projects through the Tap system.
MISSION AND VISION OF ICOVO
ICOVO mission is for ICOVO to become a global standard for ICO platforms for innovative blockchain-related startups and ICO investors.’ To realize this mission, ICOVO vision is to provide a solid ICO foundation, expand the ICO investor base, and improve project continuity after ICOs
COMPONENTS THAT MADE UP ICOVO
There are three components that made up the ICOVO platform. they are;
I. DAICOVO smart contract
II. ICOVO web
III. ICOVO app
DAICOVO SMART CONTRACT: The DAICOVO smart contract is the core of this system, and token holders will be able to interact with the smart contract through our applications. In this section, we will cover this system in detail.
ICOVO WEB: ICOVO Web is a website for ICO project founders to list their ICOs for investors. It thoroughly protects ICO investors and lists only ICO projects that comply with ICOVO requirements. The criteria for listing on ICOVO are the utilization of DAICOVO, planner KYC/AML as required by ICOVO, and disclosure of the progress of the project.
ICOVO APP: The UX we propose takes security into consideration by having users browse ICO project information on their computers and, if they identify a project they like, finding it on their smartphones with the synchronized bookmarks and using the much safer local, wallet-equipped app to invest. Of course, the smartphone app is designed to offer a standalone UX as well.
REASONS WHY CRYPTOCURRENCY INVESTORS SHOULD CHOOSE ICOVO
The ICOVO platform has put in place a framework that will allow investors to pull out and request a refund of their assets if it became obvious that the project they invest in is no longer being steered according to the roadmap published. This measure is design to prevent project developers from bailing and running away with the raised fund.
Increase ICO Transparency and Protect Investors: investors will no longer wate their money on unhealthy ICO or ICO that does not have future.
Increase Project Endurance: ICO project will endure much and be very optimistic.
Reduce Obstacles to ICO Participation: the fear of losing money to invest in ICO that will not be successful is reduced thereby making it possible for cryptocurrency investors to invest with no or little risk.
ICO PROBLEMS THAT ONLY ICOVO CAN SOLVE
the table below shows the ICO problems and the solution brought by ICOVO
FOR MORE INFORMATION
Author: ADEWUYI BLESSING ELIJAH
Author bitcointalk username: ABE crypto