What is ICOVO?
In order to achieve our mission of soundly cultivating ICOs into “the very core of the ecosystem necessary for hatching innovative blockchain-related startups” that will create the future, ICOVO must become a next-generation global standard for ICO platforms that is truly valuable to both innovative blockchain-related startups and ICO investors. At the same time, we will make the ICOVO framework the global standard by proposing a new, centralized-decentralized hybrid management framework to central governments around the world currently seeking to develop healthy ICO environments through centralized methods.
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 VitalikButerin 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.
The platform competitive advantages are its vision based on original ideology and the vast human capital of the three founders in terms of management capability, technological strength, and glocalization ability accumulated from their wide-ranging experiences. The biography of the founders and other team members can be found here.
Service Overview:
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, the ICOVO App, which includes a wallet function that can manage all ERC20/ERC223-compliant tokens, KYC/AML functions for ICO investors, Block Chain and IPFS-based whitepaper versioning, and ICO Web, an ICO listing site with ICO project management functions, as well as other ICO necessities such as reviews of whitepapers and other documents, legal checks, engineer work from DAICOVO parameter adjustment to deployment, and Offering all of this on a one-stop basis will reassure ICO investors, lend credibility to ICO project founders, and make ICOs more sound, while at the same time lowering the barrier to entry in ICOs by consolidating the participation process .
Vision:
ICOVO aims to solve this problem by using an autonomously operating system that does not depend on individual expertise. The system is a hybrid of the centralized client-server model and a decentralized P2P model featuring majority consensus. The centralized system is used to increase the transparency of ICO planners and projects. Specifically, this is achieved as planners’ identities are confirmed through ID verification and GitHub updates are quantified and displayed on ICOVO Web to make the actual status of the project more transparent. The decentralized system is used to prevent scams where ICO planners immediately withdraw funds and disappear after token sales.
Website: https://icovo.co
WhitePaper: https://icovo.co/whitepaper/20180831_wp_service_en.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=4468796.0
Telegram: https://t.me/icovoco
Twitter: https://twitter.com/ICOVOCO
Facebook: https://www.facebook.com/icovoco
My Bitcointalk Username: annariley
My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2188068