ICOVO And How To Get OVO Tokens

yunitafajaryani (8)in #bitcoin • 6 years ago

Looking at the development of the financial industry which is rapidly increasing every year, innovation and revolution are also widely scattered on the internet brought by several well-known companies and companies that are just starting a business. When bitcoin is present with its blockchain technology, dozens of companies are flocking to build new crypto currencies with blockchain that is different from the others. The level of user interest in crypto currencies can have a positive effect on some industries and businesses. The initial step before starting the crypto currency project is by making white paper, building teams, creating websites, creating logo and decoration designs, determining the market and blockchain to be used, and of course starting to run the ICO sales program.

For some blockchain startups, many obstacles that have to be faced related to starting the ICO to achieve this ICO project are successful and able to achieve sales targets. Finding investor confidence is the most difficult because many ICO programs are proven to be deceptive. Therefore, there is a platform that will help ICO startups in managing the ICO to make it more professional and trusted, namely the ICOVO platform.

Proposed by one of the founders of Ethereum, Vitalik Buterin on January 6, 2018, DAICO is a model that uses decentralized methods to prevent planners from using dishonest funds through ICOs. In the ICO using tokens that are in accordance with ERC20 standards, smart contracts are used to limit the amount of funds collected that the project founder can withdraw per unit of time, and if the project is canceled for any reason, the remaining funds can be returned to the ICO Investor if consensus is reached.

ICOVO is an ICO management platform that implements the DAICO system by creating a new crypto currency, the OVO token as a facility to enjoy all services in the ICOVO application. The use of blockchain is certainly used in this project. Smart contracts are able to provide strong, fast, safe, and open transactions to users, both ICO founders and potential investors. The core of ICOVO is to help all new ICO project managers to run ICO programs more easily by using several full features such as ICO website creation, ICO sales applications, ICO marketing, and KYC management and much more.

ICOVO implements the DAICO system so as to provide investors with confidence and security from a scam ICO program. DAICO is a decentralized application that can prevent ICO startups from committing funds theft. For example, if an ICO finds a fraud, the funds will not be taken, but will be returned to the investor. This is why ICOVO is able to provide a level of trust and asset protection for investors.

Our Mission and Vision

Mission: "Without ICO, Without Future"

The ICO is the core of the ecosystem needed to hatch

innovative startups that are linked to blockchain. This mechanism is for the future

must not be destroyed, but be careful enough. Most whitepapers do not include financial information such as balance sheets. That's because ICO investors, unlike equity investors, aren't interested in the latest returns. They read the vision outlined in the white book, analyzed the code uploaded on Github for integrity, and assessed whether or not the project would have a major impact on society. Their evaluation criteria are not based on a growth model perpetuating the status quo, but are more innovative, examining the ability to revolutionize service or technology.

As a result, funds gather in projects that provide services or technology with the concept of decentralization that will change the foundations of our existing society in reverse, rather than where returns are expected. The reason for this large investment is because ICO investors are completely different from equity investors. They are dysphoric and doubtful about the current state of society, and have a sense of duty to create an abundant future. Twenty or thirty who really understand the technological potential to achieve this is very important. They hold on to Bitcoin, Ethereum and other AltCoins before the initial price surge, and reap huge capital gains. This number cannot be achieved by twenty or thirty things that conventionally work in the current structure of society

Cryptocurrency allows for enormous amounts of wealth to be transferred, giving these investors the power to change society. As a result, the next generation of young investors with flexible thinking and deep understanding of technology has emerged. Their funds are invested in "innovative start-ups related to blockchain". Thus, the ICO is not a milling fund raising tool, but an important part in creating an ecosystem that incubates the start-up associated with blockchain that will create the future. We must not prematurely destroy the instruments that create this future by reason of lack of investor protection, or need to perpetuate the central government authority.

Vision: Global Standards for the ICO Platform

Create global standards for ICO platforms for blockchain related to innovative startups and ICO investors.

Encourage ICO

Protect ICO investors and restore the ICO by increasing the transparency of the management of funds collected through ICO, the founder of the project, and the project itself.

Some countries have banned ICOs to protect investors, but with the right regulations in place, investors can be safeguarded. A centralized government can formulate regulatory provisions by utilizing specialists, but the problem is with management and supervision in the execution phase. Because of the lack of resources and the boundless nature of ICO, it is difficult for a centralized government to effectively supervise administration by non-standardized methods. ICOVO aims to solve this problem by using an autonomous operating system that does not depend on individual expertise. This system is a combination of centralized client-server models and decentralized P2P models that display majority consensus. A centralized system is used to improve the transparency of ICO planners and projects. In particular, this is achieved when the identity of the planner is confirmed through verification of ID and GitHub updates are calculated and displayed on ICOVO Web to make the actual project status more transparent. A decentralized system is used to prevent fraud where ICO planners immediately withdraw funds and disappear after selling tokens. Fraud is prevented through DAICOVO, DAICO implementation.

Reduce Obstacles to ICO Participation

Increase ICO participation and access by making the investment process and information disclosure format uniform across the board. The ICO market is expected to be largely led by twenty or thirty things that are highly educated on blockchain technology, but to strengthen the ICO market and increase its fluidity, it is important to expand the reach of investors. This is needed to enable more middle-aged or older investors with only a basic understanding of blockchain technology to participate.

There are two big problems.

First, the steps needed for investors to participate in the ICO vary from project to project and are difficult to understand. Similar to crowdfunding platforms or securities company websites, the investment process must be uniformly simplified. The key to the solution is an optimized wallet for ICO that integrates an easy-to-use user interface (UI) and an exceptional user experience (UX).

ICOVO will solve this problem through the ICOVO Application. The ICOVO application is optimized for ICO with the world's first ICO and wallet feature list (as of January 2018) where all tokens that meet the ERC20 / ERC223 standard can be managed. Anyone who owns a smart phone can invest in an ICO project through the ICOVO Application. Combined with the ICOVO website, which can be accessed by computers, ICO participation becomes easier.

Second, the whitepaper format and information available online vary, making it difficult to compare and collect information efficiently. Some variability is expected because each project is built based on its own ideology, but there are many elements that are usually divided such as vision, market, concept, service outline, project delivery technology, competitive advantage, risk, token sales, allocation of tokens, award programs, use of funds acquired, and team.

Being able to see general aspects in the same format makes it easier to compare multiple projects.

ICOVO Web and ICOVO App solve these two problems, providing ICO investors with fun UX.

Current Issues to Complete

From an ICO investor perspective:

Problem: Even if the ICO project is canceled or frozen, the funds are not returned.

Solution: Using DAICOVO allows refunds.

Problem: It is difficult to identify fraudulent ICO projects.

Solution: KYC / AML and disclosure of project progress as required by ICOVO can be used as a guide for assessment.

Problem: Passports photographed for KYC can be easily forged with photo editing software.

Solution: The ICOVO App-specific KYC / AML photo uploader prevents photo editing.

Problem: Different whitepaper formats make it difficult to compare ICO projects.

Solution: ICOVO Web provides general information for all projects in the same format.

Problem: Whitepaper can be damaged.

Solution: ICOVO Web uses Blockchain and IPFS to make it impossible to tamper with whitepapers, so you can always see white books published before ICO even if you don't save them.

Problem: ICO investment has high barriers to entry.

Solution: The ICOVO application is optimized for ICO tokens, so using it makes it easy to participate in the sale of tokens and manage tokens.

Problem: It is difficult to compile and vote for things like DAICO refunds.

Solution: The ICOVO application makes it easy to participate in the preparation and voting of the management of funds obtained.

From the perspective of the founder of the ICO project:

Problem: The token issuance system must be developed to carry out ICOs.

Solution: Using DAICOVO and the ICOVO Application makes development unnecessary.

Problem: In order for ICO to succeed, ICO investor confidence must be obtained.

Solution: Implementation of DAICOVO and KYC / AML as well as project progress disclosures as required by ICOVO convey that the project is on board and sincere.

Problem: Sometimes planners need ICO advice.

Solution: ICOVO offers free consultation for everything from business model planning to ICO.

Problem: Planners lack funds to conduct ICOs.

Solution: ICOVO's initial cost is only 10,000 USD. If the ICO is successful, there is a fixed rate of success; if it fails, there is no fee outside the initial fee.

Problem: Planners do not have a system to implement KYC / AML for a large number of ICO investors in Indonesia in a short time.

Solution: ICOVO implements KYC / AML on behalf of planners.

ICO

The ICO is the core of the ecosystem needed to hatch innovative startups related to blockchain. ICOVO will support a healthy ICO, which will create the future, by offering ICOVO Web, ICOVO App, and DAICOVO. Details are explained in three points below.

Increasing ICO Transparency and Protecting Investors:

We aim to protect ICO investors by introducing a fundraising management system and increasing the transparency of the founders of ICO projects and self-projects.

Decentralized Token Management:

We will make DAICOVO, a genuine intelligent contract that combines DAICO's fundamental ideas about managing decentralized tokens.

We will introduce a system that only allows withdrawals based on the Tap system (setting the amount that can be drawn per unit time). This will prevent developers from running away with funds raised.

If an investor sees a problem with the project, they can withdraw their investment raised under the agreement as a refund.

Decentralized Whitepaper Version:

The whitepaper version is managed by the InterPlanetary File System (IPFS) and blockchain to prevent interference.

KYC / AML Team Members:

We will increase the transparency of members of the ICO project team by giving KYC / AML members a centralized ICO project team on ICOVO Web.

Visualize the Activity Situation:

We will increase project transparency by measuring social media activities and GitHub updates on ICOVO Web.

Reduce Obstacles to ICO Participation:

We will create a better investment environment and reduce barriers to ICO participation by integrating investment processes and formats for information disclosure.

Application of Local Wallet:

Applying a secure local wallet (Wallet format with the aim of increasing security by holding private keys only on mobile devices not online) at the original ICOVO ICOVO special smartphone application, ICOVO App, helps by understanding the participation process for the sale of complex tokens and managing tokens.

Unify Format:

The ICO project page and the whitepaper summary on the ICOVO website provide concise information, making it easier to understand for investors. Accessibility is enhanced by offering a summary of all projects using the same format.

Reducing labor for KYC:

We will eliminate the need for ICO investors to do KYC every time they invest. When they participated in the sale of ICO project tokens on the ICOVO Application, they only did KYC when ICOVO would share information with the founders of the ICO project.

Increase Project Endurance:

We will support the motivation of the project founder to release the product and increase the resilience of the project by introducing a system where the founders of the project can only withdraw tokens in accordance with the Tap (the amount that can be withdrawn per unit of time).

Fundraising ≠ Purpose:

By introducing a genuine intelligent contracting system that applies DAICOVO where funds can only be withdrawn according to Tap, the motivation to complete the project is maintained.

HOW TO GET OVO TOKEN

The OVO token is built on the ETH blockchain with the ERC20 standard. OVO tokens are applied to web platforms and applications on smart phones. The token is stored in the ICOVO wallet application.

OVO tokens are tokens that are used to activate all ICOVO management services. For investors, the advantage of buying tokens in an ICO that enters the ICOVO ecosystem by using OVO tokens is given a bonus and a fairly high price discount of up to 40%. For users, getting an OVO token can be done in various ways, namely:

Participate in ICO

This is the easiest way to get an OVO token. Users only need to purchase tokens on the official website of ICOVO with a minimum purchase using ETH which is equivalent to 100 USD. OVO tokens are sold at a price of 0.3 USD per 1 OVO and not including the bonus given. Sales of tokens are completed at a predetermined time or when Hardcap is reached. To get OVO tokens this way, please visit the following link. https://icovo.co/

Following the Bounty Program

The bounty program is an alternative for those of you who want to get an OVO token without spending any funds but must do the tasks that must be completed. You must complete the criteria before joining this bounty program. There are 5 categories of bounty campaigns that you can choose: Translator, Signature, Facebook, Reddit, Twitter, Articles and Blogs, and Youtube Videos. The better the quality and quantity of your work, the more OVO tokens can be obtained. OVO tokens will be given after the ICO sale ends. To participate, please visit the link below.

https://bitcointalk.org/index.php?topic=4995911

Follow the Airdrop Program

This is also the easiest alternative to get a free OVO token, just by completing a small task, 20 OVO tokens go directly to your ICOVO account.

https://icovo.io/airdrop/

Following the Referral Program

The last way to get an OVO token is to find a friend to buy an OVO token through the referral link that you have. The more members you buy OVO tokens, the bigger the prize you can get. 10% of purchases by members will be given to you. Please click on the following link.

https://icovo.io/referral/

Understanding Our Target Market

Target Market Size

The ICO support service market has grown year by year with an explosive rate of 3800% That is 96 million USD in 2016, but in 2017 it grew rapidly around 3800% year on year to 3.7 billion USD. In terms of the number of ICOs, there are about 5 times more in 2017 as in 2016, up from 46 to 235. The increasing number per ICO also increased dramatically; while the average in 2016 was 2.1 million USD, the average in 2017 was around 7 times more than 15.7 million USD (see picture below).

Assuming that ICO support services follow a profit model that takes 10% of the amount proposed by planners as a cost of success, considering the market size mentioned above, the potential market size of ICO support services is estimated at 9.6 million USD in 2016 and 370 million USD in 2017. If the market continues to grow at the 2016-2017 pace of 38x year on year, the potential market size of ICO support services will reach 771.5 trillion USD by 2021 (see table below).

The figures above are all quoted from CoinSchedule (https://www.coinschedule.com/). The numbers for 2016 and 2017 are displayed on the CoinSchedule website as of January 10, 2018, but the amount was revised on April 12, 2018. The above does not reflect the revised figures. In addition, the ICO market analysis varies, and while we are skeptical of the accuracy of the numbers, we have concluded that the analysis above applies to the purpose of understanding the overall trend. Please consider it as an indicator to determine ICO market trends.

That is the discussion about ICOVO and how to get OVO tokens. ICOVO embodies a safe, easy and reliable ICO market for investors. For the sake of this convenience, I advise you to contribute to the ICO.

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