Some countries have prohibited ICOs to protect investors, but with the appropriate regulations in place, investors can be safeguarded. Centralized governments can draft regulation provisions by utilizing specialists, but the problem is with management and supervision at the execution phase. Due to a lack of resources and the borderless nature of ICOs, it is difficult for centralized governments to effectively supervise administration with non-standardized methods.
What Is ICOVO ?
ICOVO is the world’s first and only ICO platform 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. Each country’s government 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. We will solve fraud and decrease in project motivation – the problems raised by ICOs – through the decentralized approach of DAICO.
The core of ICOVO's service is the DAICOVO smart contract, which is based on the concept of DAICO. With the mission of having all ICOs use DAICO, ICOVO will develop and open source DAICOVO, which is aligned with the thinking behind DAICO.
In addition, ICOVO will issue OVO tokens, which will be specialized as a currency for procuring ICO investments. OVO is a 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.
In addition to creating a healthy ICO environment with DAICOVO and OVO as its core, ICOVO has as its mission to expand the range of ICO investors and the ICO market itself. ICOVO plans to solve problems by eliminating barriers to the process of participating in ICOs so that anyone can participate. They will be solved through providing the ICOVO App (iOS/Android), which integratesa wallet optimized for ICOs, and ICOVO Web, which will increase usability when participating in ICOs through personal computers.
How ICOVO DAICO-Based Initial Coin Offering Platform Works
DAICOVO is a smart contract that is based on the DAICO idea, which was proposed by Vitalik Buterin, the founder of the Ethereum blockchain. This will help to ensure that ICO investors are protected at all times. It is going to be implemented via the ICOVO platform. Besides that, AML/KYC will be implemented for investors and project founders. The whitepaper versioning will use the IPFS and the blockchain will ensure there are no alterations.
Only the ICO projects, which are pre-approved, and that implements the DAICO will be allowed on this platform. For these projects, the ICOVO tokens called “OVOV” will be issued for a 25% discount relative to the value of the ETH tokens. To resolve the issues of high barriers to ICO participation, the platform will issue the optimized “ICOVO App” and “ICOV Web.” This will replace the MyEtherWallet, which can be a bit confusing for newbies.
The ICOVO App and ICOVO Web will come with a simplified UI that is easy to use by anyone. It will include a wallet that conforms to the ERC20/ERC223 tokens standards. Besides that, it will have a mechanism DAICOVO that enables refunds to investors via a voting process. This will ensure that all that is needed to be part of an ICO can be accessed in just one place.
ICOVO OVO Token ICO Details
ICOVO ICO investors WHO use OVO to buy tokens for comes written on the ICOVO platform get a twenty fifth discount compared to exploitation ETH. as a result of OVO is AN exchange-listed token, its value fluctuates against ETH. For this reason, the speed for the twenty fifth discount against ETH is ready at regardless of the rate is simply before every written project's token sale begins (resulting within the discount rate continued to fluctuate throughout the token sale). additionally, half-hour of the quantity raised by the planners is paid in OVO whereas the remaining seventieth is paid in ETH.
Type: ERC20 – Utility
Crowdsale: November 1st
Minimum Investment: $50
Soft cap: 5,868 ETH Reached
Hard Cap: 60,360 ETH
Payments Accepted: ETH
Tokens for sale: 120,000,000
The initial total supply of OVO is 200 million tokens with the following token distribution:
17% team members and contributors
30% closed sale
30% presale and crowd sale
The team is planning to use the token sale proceeds as follows.
3% working capital
5% development capital
10% advertising and publicizing
72% marketing capital
10% team members and contributors
MISSION & VISION
ICOs are at the crux of the ecosystem necessary for hatching innovative blockchain-related startups.
ICOVO will support a healthy ICO which will make a future by offering ICOVO Web、ICOVO App and DAICOVO. Details are described below in three points.
1. Increase ICO Transparency and Protect Investors
2. Reduce Barriers for ICO Participation
3. Increase Project Durability
The ICOVO Team
ICOVO is led by CEO Akihiro Yamase, serial entrepreneur and venture capitalist. The rest of ICOVO’s team is made up of 12 corporate leaders, developers, and marketing “evangelists”. All team members have clear work histories in a variety of technology companies, within and without the blockchain industry.
For more information, please visit the link below:
Website : https://icovo.co/
Facebook : https://www.facebook.com/icovoco/
Twitter : https://twitter.com/ICOVOCO
Ann Thread : https://bitcointalk.org/index.php?topic=4468796.0
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1783327