ICOVO is the world’s first ICO platform Implementing DAICO that can actualize healthy ICOs.

nguyenshaphia (25)in #icovo • 6 years ago (edited)

What is ICOVO?

They will solve fraud and decrease in project motivation – the problems raised by ICOs – through the decentralized approach of DAICO. They will develop an open source DAICOVO, which is aligned with the thinking behind DAICO. In addition, we will issue OVO tokens, which will be specialized as a currency for procuring ICO investments. ICOVO has as its mission to expand the range of ICO investors and the ICO market itself. ICOVO will solve problems by eliminating barriers to the process of participating in ICOs so that anyone can easily participate. 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. ICOVO platform brings DAICO to life, proposed by Ethereum co-founder Vitalik to protect ICO investors

DAICOVO: Smart contracts implementing the DAICO model

What is DAICO?
DAICO is a model that uses decentralized methods to prevent planners from dishonestly using funds raised through an ICO. ICOs using tokens that conform to the ERC20 standard, smart contracts are used to limit the amount of funds raised that project founders can withdraw per unit of time, and if the project is cancelled for whatever reason, the remaining funds can be returned to the ICO investors if a consensus is reached.

For ICO project founders who use DAICOVO to do their ICO on ICOVO Web, all of the required work, including token design, DAICOVO parameter setting, compilation, and deployment, is free.

What are the features of ICOVO

ICOVO Web: An ICO listing site with thorough ICO investor protections
ICOVO Web thoroughly protects ICO investors and lists only ICO projects that comply with ICOVO requirements. The biggest feature is whitepaper versioning using IPFS. All the whitepapers of ICO projects listed on ICOVO Web are managed by IPFS and Block chain.(IPFS stands for the InterPlanetary File System. It is being developed by Interplanetary Networks with the help of the open-source community. It is a P2P distributed file system that connects multiple computing devices in the same file system to achieve distributed storage of files.) The criteria for listing on ICOVO are the utilization of DAICOVO, planner KYC/AML as required by ICOVO, and disclosure of the progress of the project. In order to increase the transparency of ICO project activity, ICOVO shares the state of progress on the project by quantifying and displaying the project's use of GitHub, social media, and other major tools. The KYC required by ICOVO, which includes passport-based ID verification and AML, applies not only to the investors but also to the ICO project founders. The ICOVO App is synchronized with the ICO list information and bookmark function so that ICO investors can achieve participation all in one place. They also provide ICO project founders with a white-label dashboard for investors including a referral program, airdrop program, KYC/AML. ICOVO also requires a uniform format for certain essential whitepaper items so that each ICO project planner's whitepaper can be read in a unified format.

ICOVO App: A smartphone app featuring a wallet optimized for ICOs
ICOVO App have the one stop solution for investors and project founders. ICOVO App also have dashboard features,KYC/AML,Whitelist registration, Whitepaper viewer,ICO project list integrates with ICOVO Web and Photo ID uploader. ICOVO's iOS/Android features a multi-token multi-account wallet compatible with ETH and ERC20 tokens based on the safe private wallet.
ICOVO App A smartphone app featuring a wallet optimized for ICOs.jpg

Reduce Barriers for ICO Participation

Reducing labour for KYC: When they participate in ICO project token sales on the ICOVO App, they perform KYC only once as ICOVO will share the information with the ICO project founders. Eliminate the need for ICO investors to do KYC each time they invest.
Implementing Local Wallet: Implementing a safe local wallet in ICOVO's original ICO-specialized smartphone app, the ICOVO App, helps with understanding the participation process for complicated token sales and managing tokens.
Unifying Formats: Accessibility is enhanced by offering a summary of all the projects using the same format. ICO project pages and summaries of whitepapers on ICOVO’s website presents information concisely, making it easier to understand for investors.
Increase Project Durability
Funds can only be withdrawn according to a project’s pre-loaded schedule by Tap by introducing a system of original smart contracts implementing DAICOVO
Increase ICO Transparency and Protect Investors
Team Member KYC/AML: They will increase ICO project team member’s transparency by providing ICO project team member’s KYC/AML on ICOVO website in a centralized method.
Decentralized White Paper Versioning: Versioning for White Paper not to be tamperd is managed by InterPlanetary File System (IPFS). IPFS stands for the InterPlanetary File System. It is being developed by Interplanetary Networks with the help of the open-source community. It is a P2P distributed file system that connects multiple computing devices in the same file system to achieve distributed storage of files. In recent years it has been used to store large files directly on the blockchain
Decentralized Token Management
They will introduce a system that only allows withdrawals according to the capital demand of a project’s pre-loaded schedule through a Tap system. This will prevent developers from running off with raised funds. They will create DAICOVO, an original smart contract incorporating DAICO’s fundamental idea of decentralized token management. In the event that an investor notices a problem with the project, they are able to retract their investment that was raised under the agreement as a refund.

Details about OVO token

• Ticker: OVO
• Token type: ERC20
• ICO Token Price: 1 OVO = 0.30 USD
• Fundraising Goal: 14,300,000 USD (60,360 ETH)
• Total Tokens: 200,000,000
• Available for Token Sale: 60%
• Whitelist: YES (SINCE 22 JUN, JOIN )
• Know Your Customer (KYC): YES (PERIOD ISN'T SET)
• Сan't participate: USA
• Pre-sale Bonus: 40%
• Bonus for the First: UP TO 10%
• Min/Max Personal Cap: 50 USD / 250000 USD
• Accepts: ETH

Project development team

In general, each member has his or her own expertise. With extensive experience hosting innovations in the internet infrastructure industry, mining industry, music industry, IoT-related enterprises, and AI-related. For example, some people like Yamase (CEO), Sasaki (CDO), Nishimura (CTO), Kumada (CFO), Oliver (CAO) and Obata (COO) Especially Akihiro Yamase who established Yamase Holdings Inc. in February 2015 with the aim of investing in startups and holding shares of subsidiaries. In September 2014 he established Peace Voice Entertainment Inc., a J-pop artist management company. In June 2016 he established upLive Inc., a self-promotion and AI musical composition application provider for artists. All companies were established in Tokyo.