Initial coin offerings (ICOs) have emerged as a highly popular new way to fund blockchain startup projects. However, as we have witnessed in the past twelve months, the ICO market is ripe with fraud, mediocre projects, and hacks.
To improve the current model of the ICO, Vitalik Buterin, founder of the Ethereum platform, has suggested a new fundraising model that improves on the concept of the ICO, called DAICO.
ICOVO aims to be the first ICO platform in the world that will resolve this problem. To achieve this, the platform will utilize KYC/AML, whitepaper versioning, and the concept of DAICO, called DAICOVO.
What Is ICOVO?
ICOVO is an 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. It is a versatile platform facilitating the launch of DAICOs and integrating all the functionality necessary for running ICO campaigns.
DAICO is a word association between the Decentralized Autonomous Organization (DAO) and the Initial Coin Offerings (ICO). It’s an improvement on the ICO fundraising model that incorporates certain aspects of DAO’s. The idea was suggested by Vitalik Buterin in January 2018 and is aimed at making ICO’s more secure by involving investors in the initial project development process. It will further enable token holders to vote for the refund of the contributed funds if they are not happy with the progress being made by developers. For projects that implement the DAICO concept, it will force a level of accountability on developers and give token holders additional peace of mind that they are guaranteed to either see at least a minimum viable product or get their money back.
With the mission of having all ICOs use DAICO, ICOVO will develop and open source DAICOVO, which is aligned with the thinking behind DAICO. 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.
To improve the current model of the ICO, Vitalik Buterin, founder of the Ethereum platform, has suggested a new fundraising model that improves on the concept of the ICO, called DAICO.
ICOVO aims to be the first ICO platform in the world that will resolve this problem. To achieve this, the platform will utilize KYC/AML, whitepaper versioning, and the concept of DAICO, called DAICOVO.
What Is ICOVO?
ICOVO is an 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. It is a versatile platform facilitating the launch of DAICOs and integrating all the functionality necessary for running ICO campaigns.
DAICO is a word association between the Decentralized Autonomous Organization (DAO) and the Initial Coin Offerings (ICO). It’s an improvement on the ICO fundraising model that incorporates certain aspects of DAO’s. The idea was suggested by Vitalik Buterin in January 2018 and is aimed at making ICO’s more secure by involving investors in the initial project development process. It will further enable token holders to vote for the refund of the contributed funds if they are not happy with the progress being made by developers. For projects that implement the DAICO concept, it will force a level of accountability on developers and give token holders additional peace of mind that they are guaranteed to either see at least a minimum viable product or get their money back.
With the mission of having all ICOs use DAICO, ICOVO will develop and open source DAICOVO, which is aligned with the thinking behind DAICO. 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 DAICOVO Platform Works
DAICOVO is a smart contract that is based on the DAICO idea. 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 “OVO” 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 “ICOVO 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.
The development of this project started in 2018 and despite the fact that it is still in development offers have started trickling in. Project founders have been requesting the chance to have their projects hosted on the ICOVO platform. ICOVO will host its own ICO and issue the OVO tokens around July 2018. Besides that, there will be an airdrop.
ICOVO Token (OVO)
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.
Token Detail
Token Ticker: OVO
DAICOVO is a smart contract that is based on the DAICO idea. 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 “OVO” 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 “ICOVO 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.
The development of this project started in 2018 and despite the fact that it is still in development offers have started trickling in. Project founders have been requesting the chance to have their projects hosted on the ICOVO platform. ICOVO will host its own ICO and issue the OVO tokens around July 2018. Besides that, there will be an airdrop.
ICOVO Token (OVO)
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.
Token Detail
Token Ticker: OVO
Platform: Ethereum
Token type: ERC20
Total Tokens: 200,000,000
Token for sale: 120,000,000
TOKEN SALE: 24 SEP – 1 DEC
ICO Token Price: 1 OVO = 0.30 USD
Accepts: ETH
Min/Max Personal Cap: 50 USD / 250000 USD
Soft cap: 5,868 ETH Reached
Hard Cap: 60,360 ETH
ANN THRREAD: https://bitcointalk.org/index.php?topic=4468796.0
TELEGRAM: https://t.me/icovoco
TWITTER: https://twitter.com/ICOVOCO
FACEBOOK: https://www.facebook.com/icovoco/
Bitcointalk Profile: Tpq01349
ETH Address: 0xA73fA2565C18218AC6510c8CD3B220F5794f3B84
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