INTRODUCING ICOVO
Before we dive into the Review of ICOVO, let’s have a general look at the crypto market and the problems that ICOs investors face.
The cryptocurrency market has seen vast expansion in the last two years with continued increase in market capitalization and in the number of cryptocurrency coins and tokens (which collectively total more than 1,900). This is a result of media hype and media coverage of the crypto market, as well as its unregulated nature that has allowed vast participation by even the most uninformed of retail investors.
THE PROBLEM
The lure of quick and supposedly easy money has not only caught the attention of genuine companies and investors in this space, but has also attracted nefarious entities who want to grab a share of this market. With no regulation to check what is coming into this market as an investment product, a lot of scams have taken over. This poses a real problem in the crypto market.
We now have a situation where many scam crypto ICOs are in the crypto world, and the majority of crypto investors are retail, unsophisticated investors without the knowledge of how to decipher the scam crypto investments from the real ones.
Lack of regulation in the ecosystem has also created a situation where there is no trust entity to validate the thousands of new cryptocurrency-based projects that are entering the crypto space on a daily basis.
Trusted and accurate information channels that can serve as valid sources of informative and educational content for the unsophisticated, retail investors are lacking.
THE SOLUTION
The government of each country 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. For this reason, a sustainable solution is birthed and this is ICOVO.
ICOVO will solve the existing ICOs problems by eliminating barriers to the process of participating in ICOs so that anyone can easily participate.
ICOVO has been launched as a platform that will serve as a source of authentic and reliable information within the ecosystem. ICOVO is the world’s first ICO platform which is implementing DAICO 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.
In essence, ICOVO is a platform that makes ICO better!
ICOVO has as its mission; that is to expand the range of ICO investors and the ICO market itself. ICOVO’s 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 globalization ability accumulated from their wide ranging experiences.
The ICOVO solution will be provide through 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.
The above will be achieved through the provision of its four services, which include:
DAICOVO
OVO
ICOVO App, and
ICOVO Web
ICOVO will build an ecosystem for reliable blockchain-related startups.
INITIAL COIN OFFERING OF ICOVO
ICOVO will issue its own token, OVO that can be used on the ICO platform, ICOVO. OVO has some utility functions which are highlighted below:
i. ICO investors can purchase ICO project tokens at a 25% discount compared to purchasing with ETH.
ii. It can also be used to pay for co-working spaces and other services ICOVO provides.
iii. 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.
Token Type: ERC20/ERC223
Token Ticker: OVO
Total Supply: 200 million OVO
Token available for sale: 120 million OVO
Token Price: 1 OVO = 0.3 USD
Smallest unit: nOVO (nano OVO) = 0.000000001
Presale Period: 24th September - 8th October, 2018.
Crowd Sale Period: 1st November – 17th November, 2018.
Soft Cap: 5,868 ETH
Hard Cap: 60,360 ETH
Payment Gateway: Ethereum (ETH)
TOKEN DISTRIBUTION
ROADMAP
THE CORE TEAM
In conclusion, ICOVO will support a healthy ICO which will make a future by offering ICOVO Web,ICOVO App and DAICOVO, this is achievable basically through the three ways below:
Increase ICO Transparency and Protect Investors
Reduce Barriers for ICO Participation
Increase Project Durability
As an investor, based on experiences from the crypto world, I strongly believe that the valid ideas behind the ICOVO project is a sophisticated one and so far is enough to justify why you need to be part of its community and become OVO Token holder now when its price is still much cheaper to afford!
For more information about the project and how to purchase the OVO Token, kindly get connected with these links:
WEBSITE: https://icovo.co/
SERVICES OFFER: https://icovo.co/whitepaper/20180831_wp_service_en.pdf
TOKEN SALE: https://icovo.co/whitepaper/20180831_wp_tokensale_en.pdf
TWITTER: https://twitter.com/ICOVOCO
FACEBOO: https://www.facebook.com/icovoco/
TELEGRAM: https://t.me/icovoco
REDDIT: https://www.reddit.com/r/ICOVO/
ANN THREAD: https://bitcointalk.org/index.php?topic=4468796.0
WRITER'S DETAILS
BitcoinTalk Username: cryptoblezin
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2178561;sa=summary
ETH Address: 0xC89b8Dd7e3E137DB108575EeAe301E52b6C72d9F