Most of them are trying to fool you
Today we can see a lot of ongoing ICOs, but most of them will fail in several month and tell their investors a lot of unpleasant news. According to statistics, only 1 ICO of 10 makes it to the soft-cap. As you might guess, amount of successful projects is even less. Who is responsible for such terms and what could be done to improve the situation? These are two questions that we are going to answer in this article.
Every person, who had attended in ICO for just once, knows about KYC and AML procedures. During last six month, they become obligatory part of every ICO and it is great. Such operations allow to eliminate usage of stolen money and to prevent terrorism. You may hear about many cases, when weapon or drugs were sold for BTC.
In the same time, teams do not have to pass any procedure that allows investors to check their personality. Just imagine that you have to trust person your sensitive data, while this person cannot even prove that he or she is real. Most widespread case is when several members of team behind the ICO are real, while other are fakes. We had made small research and found out that most of teams are ready to give their data and to undergo check, but they do not see any reliable system, which can handle with this task. Such situation is perfect of appearance of ICOVO.
Single point of truth
Since both sides of the ICO are ready to give their data, there is need in portal, which will be reliable enough to become some kind of intermediary. The question of trust comes once again, but, fortunately, the most innovative technologies allow to create reliable and trustless solutions. ICOVO teams understand it and they are ready to create the project, which is about to changing the ICO market forever.
Just imagine that every team behind the ICO will have to undergo checks to start crowdfunding campaign. Such simple change can eliminate thousands of scammers and other fake ICOs, which have only one goal – stealing of your money. In addition, you will be able to check skills of team members and information about their participation in other projects. With such tools, making conclusions about prospects of certain ICO will be much easier.
Moreover, when all the ICO will be within ICOVO ecosystem, every investor will be able to save a lot of time, which had been spent on KYC performance. In most cases, teams attracted third party to perform KYC, which was connected with risks of loosing your data. In addition, you have to give your data every time you have taken part in the ICO. Thanks to ICOVO, you will need to undergo KYC only once, when you are registering the platform itself. There will be no need to wait any more. We recommend you to visit ICOVO website to find out more about this amazing project!
Website: https://icovo.co/
ANNTHREAD: https://bitcointalk.org/index.php?topic=4468796.0
WhitePaper: https://icovo.co/whitepaper/20180620_icovo_wp_service_en.pdf
Twitter: https://twitter.com/ICOVOCO
Facebook: https://web.facebook.com/icovoco/
Reddit: https://www.reddit.com/r/ICOVO/
Telegram: https://t.me/icovoco
Author Proof post 2769: https://bitcointalk.org/index.php?topic=4995911.msg45502867#msg45502867
Author Early_Waffle: https://bitcointalk.org/index.php?action=profile;u=1380108