Today I would like to tell you about a project that should increase users' confidence in ICO projects and in general make crypto-investment investments safer.
Sounds good, what, let's understand!
Why is this necessary?
Probably everyone who came across ICO knows that at the moment most of such sales of tokens do not justify their expectations. Often there are teams that either do not return money without collecting software, or try to trick it out by selling tokens, overestimating the tokenize indicators for advertising their product.
Icovo - This is truly an innovative platform that will use smart DAICO contracts for the launch and conduct of ICO.
Thanks to this project, each investor can easily track all the funds that were collected during the token. This will increase investor confidence in the ICO and reduce the risks faced by people investing their money in the ICO.
This in turn can greatly stimulate the market, as many people are simply afraid to invest in ICO at the moment.
What is it - Daico?
DAICO is the concept of a smart contract that was proposed by the founder of Ethereum, Vitalik Buterin. And it will be implemented through the ICOVO platform.This is a very interesting concept, which has some features:
Firstly I would like to tell you about the most important point: if the ICO follows this concept, then the developers of the platform or project do not have instant access to all the means that they are transferred by investors.
This flows at the time that tokens are not available for sale to developers for a while after the sale of coins.
(There were real cases when developers sold their coins, leaving the project to the will of fate)
Where does the money go?The money is collected in a smart contract and issued to developers in portions, for achieving and fulfilling the conditions of the road map. If the simple, then for the implementation of each step in the road map issued a certain amount of money, and this in turn will make developers work faster to get their money.
And what if you did not collect the software?
In this case, all money automatically passes to investors, which is very convenient. Each investor will know that in case of what he will not be fed breakfast, and he will calmly get his money back.
In addition, when HardCap is reached, the sale of tokens automatically stops, so as not to dilute developers with super profits.
In good and popular projects, this will increase the excitement, because people will know that they only have time until the maximum amount of fees, then they will not be able to invest anymore.The following photo shows the schematic representation of how the platform will work:
General management
In addition, the platform will be the possibility of general management of common money by voting by investors about the issues of more efficient use of collected money. Thanks to this, people will be able to control the developers, and move the development of the project to where the community will demand. Democracy in action =)This is very cool, because at the moment in most ICO all investors are in the role of asking and can not affect where the project will move.
Mobile app
The platform will also offer its users a mobile application - a purse that will be available on iOS / Android and will be optimized specifically for ICO.
The wallet will support the ERC 20 tokens and of course the Ether itself.
In terms of security, the following will be done:
All keys will be stored on users' devices, which will greatly reduce the possibility of hacking from the outside.Also in the application will be:
ICO Dashboard
DAICOVO user interface with a decentralized exchange, where everyone can exchange their tokens.
List of selected ICO projects
conclusions
I believe that this project has an excellent future with active development. If the developers are not lazy, then in the end should be a very, very interesting project that should change the opinion of the ICO as a whole for those who are still poorly familiar with the market.
I highly recommend that you take a look at this project, but as always, think with your head before investing.
Thank you for staying with us. Good luck!
Web: https://icovo.co/
Whitepaper: https://icovo.co/whitepaper/20180831_wp_service_en.pdf
Linkedin: https://www.linkedin.com/company/icovo/
ANN: https://bitcointalk.org/index.php?topic=4468796.0
Reddit https://www.reddit.com/r/ICOVO/
Twitter: https://twitter.com/ICOVOCO
Facebook: https://www.facebook.com/icovoco/
Telegram: https://t.me/icovoco
Medium: https://medium.com/icovo https://text.ru/antiplagiat/5b97ecb282271
Athour https://bitcointalk.org/index.php?action=profile;u=1950107
Telegram @miw1991