Blockchain technology backed cryptocurrencies are on the rise today. The popularity and innovative technology of cryptos gaining everyday. Many people are wants to become early investors in crypto projects. That's why they are continually seeking an opportunity to invest in the ICO's (Initial coin offering) to get maximum profit in future. But however today most of the ICO's are not performing well and some ICO's are gone scam, where investors loss their money.
There are many problems with the ICO's which makes it unhealthy for investment such as,
• lack of transparency in the usage of project funds
• lack of trusted information about project team and organizers
• no financial report on expenditures of funds in project developement
• complicated procedures in ICO investment
• too much unrealistic commitments in whitepaper
• no ways to get back investments from scam ICO's
To provide solution to these problems ICOVO is came up with an unique solutions with DAICOVO.
Project objective
The main objective of the project is to make ICO's more transparent and to protect investors from scam. ICOVO is here to reduce the barriers in the ICO investment. ICOVO provides more detailed project information for investors to choose. It manages all the tokens in decentralized way where investors funds are protected. ICOVO is committed to make ICO's investor friendly. ICOVO is here to preserve the futuristic blockchain startups for investors.
Principle of operation
ICOVO has a mission "No ICO, No Future". ICOVO is here to increase to confidence of investors in the blockchain startup ICO's, which intern help to developers. To do this ICOVO implemented DAICOVO model which is based on DAICO proposed by Vitalik Buterin in 2018. In DAICO model a decentralized method is used to prevent any scams. Smart contract integration limit the withdrawal of funds for organizers. If the project got cancelled for any reason, then all the funds were returned to ICO investors.
ICOVO has set a standard for ICO's to maintain the quality of innovation. Such as overview of project documents, MVP (minimum viable product) creation, achieving milestones in specified time and providing developers, organizers KYC details to further improve transparency. Thus with this details, investors can check all the project information and to make investment decision.
ICOVO has developed a wallet optimised for ICO's. The wallet supports ERC20/ERC223 tokens and it is DAICOVO compatible. Thus with this wallet investors not only store but can also manage their funds. Users can also convert their tokens through decentralized exchanges. ICOVO had developed it's own photo uploader to eliminate any fraud or tempering of documents in KYC verification. Moreover with ICOVO wallet users can withdraw their funds if they find project is not developing. With this wallet developers are limited to withdraw funds raised in ICO such that investors have control over most part of their investment.
ICOVO app provides easy access to ICOVO wallet for investors. And ICOVO web, a website for founders to list their ICO which follow with ICOVO standards. The project founders are also needed to verify their KYC to bring trust. The ICO whitepaper is versioned with IPFS system so that it cannot be tempered.
ICOVO uses OVO tokens in it's platform. Investor who uses OVO tokens to purchase ICO coins listed on the platform will receive 25% discount.
ICO details and timelines
• Token ticker: OVO
• Platform: ERC20
• Tokens for sale: 200 million
• Price: 1 OVO = 0.3 USD
• Softcap: 5868 ETH
• Hardcap: 60360 ETH
• Pre sale dates: 28th September to 8th October 2018
• Main sale dates: 1st to 17th November 2018.
Team
Conclusion
ICOVO is aiming to preserve ICO's and to protect investors. With DAICOVO model ICO's will become more transparent and trusted. Investors will now confidently invest in the ICO's. Their funds are completely protected with ICOVO wallets. With ICOVO investors can monitor project developments, if any uncertainty happens they can withdraw their funds at any time. ICOVO is a very promising project to invest now.
Learn more about ICOVO:
Website: https://icovo.co
Read 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
Facebook: https://www.facebook.com/icovoco/
Twitter: https://twitter.com/ICOVOCO
Reddit: https://www.reddit.com/r/ICOVO/
Medium: https://medium.com/icovo
LinkedIn: https://www.linkedin.com/company/icovo/
Discord: https://discordapp.com/invite/Xus8usH
GitHub: https://github.com/icovo
About Author:
Bitcointalk username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
