ICOVO - Towards Better ICO
Those who found themselves in the 21st century should be thanking their stars for making them witness impressive technologies. Who could have thought that a platform that would cause revolution and question status quo of centralized platforms would ever spring up? The blockchain, a brainchild that was first cited in a whitepaper had ten years down the pipeline brought immense technologies to its users.
It is popular for cryptographic currencies and the latter doesn’t just come into being. The conventional method is embarking on Initial Coin Offerings (ICOs) after which raised funds are used in future development of such currencies. ICOVO is one of such projects but this time around, it is hedging problems encountered in funding cryptographic currencies.
The ICO system is relatively viable save for underlined issues that question the transparency of ICOs. A lucid example is Dogecoin. It was meant to be a reward for social activities but took another dimension and later became a cryptographic currency. From this, it can be deduced that the currency wasn’t prepared for what later became of it.
You might have taken part in some ICOs and pledged certain funds. Though it is hardly seen but when the kite flown by an ICO doesn’t fly, funds that had already been gathered are usually not returned to investors. Another issue is identification of scams because countless currencies are coming up and some are masking their downsides under the decentralization flag hoisted by the blockchain.
Most importantly, whitepapers indicating the milestone and aims of an ICO might be tampered with just as discrepancies in whitepapers makes the system problematic to comprehend. In the light of these challenges, ICOVO promises to meet pain points.
What is ICOVO?
ICOVO might pass for one of such projects using the smokescreen of decentralization in maneuvering its way into the crypto sphere. However, the project we have here is bringing full-scale decentralization to crypto funding just as it hopes to fish out scam projects.
Working in Tandem with DAICO
Before ICOs are floated, the team behind the project must have minted some tokens to be distributed evenly among investors who donate funds. In view of recent scams where ICOs are shut down and funds not returned to investors, a new means was proposed. Specifically on the 6th day of January 2018, Vitalik Buterin, co-founder of one of the most successful cryptographic currencies (Ethereum) proposed that investors should have their funds back when an ICO fails and founders should have limited access to funds. This gave birth to a concept called DAICO and ICOVO is the first platform to use same. Through this medium, the platform hopes to apply decentralization with the aim of regulating show funds are moved by founders and also returns funds to investors once consensus is reached after an ICO fails to fly.
The ICOVO App
ICOVO realized that many countries place strict restriction to crowd-funding for cryptographic currencies and most keen observers barely have enough knowledge to keep them afloat. To this end, ICOVO opted for a system that would make ICOs easy for any interested party. The solution was hinged on the ICOVO App. The app features user-friendly interface that makes mobile participation in ICOs possible. The app also features ICO-optimized wallet that is in conformity with the ERC-223 and ERC-20 token standards.
Smart Contracts
Finally, ICOVO has another unique product to be released as a smart contract. Known as DAICOVO, smart contracts that are patterned after DAICO will be released towards helping ICO founders in seamless sales and management of tokens.
Token Sales Information
Ticker: OVO
Platform: Ethereum
Token Standard: ERC-20
Type: Utility Token
Soft Cap: 5, 868 ETH
Hard Cap: 60, 360 ETH
Token Supply: 200 million
Exchange Rate: 1 OVO= $0.30 USD
Accepted: Ethereum
Registration Country: Switzerland
Not Participating: The United States
Meet the Team
Conclusion
ICOVO brings revolution and optimum decentralization to Initial Coin Offerings. It won’t be business as usual given the fact that founders will not find it easy floating scam projects and eloping with raised funds. The ICOVO App will also be helpful towards integrating many investors that are willing to take part in ICOs. This time around, they’re availed access to guidelines for crypto trades.
USEFUL PROJECT LINKS
website : https://icovo.co
Whitepaper docs : https://icovo.co/whitepaper/20180620_icovo_wp_service_en.pdf (service) and https://icovo.co/whitepaper/20180706_icovo_wp_tokensale_en.pdf (token sale)
Bitcointalk ANN : https://bitcointalk.org/index.php?topic=4468796.0
YOUTUBE :
Twitter : https://twitter.com/ICOVOCO
Medium : https://medium.com/icovo
Facebook : https://www.facebook.com/icovoco/
Telegram: https://t.me/icovoco
LinkedIn : https://www.linkedin.com/company/icovo/
Writer's bitcointalk username : deodivine1
Writer's bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1390292
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Hello @deodivine, ICOs with future and have a viable nature need all start up support they need, have you heard about Trade.io Angel Investment Program? This is basically what they do. You can get more info on this. Meanwhile trade.io is offering a ZERO CHARGE on transactions made through trade.io platform, it is not a bad idea to check it out :)