Icovo- Actualizing Healthy ICOs
Introduction
ICO is an acronym that stands for Initial Coin Offering or Initial Currency Offering. ICO is a type of funding system that makes use Cryptocurrencies. Usually, the process is done through funding by many individuals or pooling their money together for a common goal usually through the internet, in other words Crowdfunding but these days, private ICOs are becoming more widespread and known. A quantity of cryptocurrency is sold in an ICO in the form of tokens or coins to investors who are interested. This is done in exchange for legal tenders and in other Cryptocurrency such as Ethereum or Bitcoin. Coins sold are advertised as the functioning units of currency if and when the ICOs funding goal is met and the project is put in operation.
Almost half of the ICOs existing today are scams and fraudulent and also prone to security law violations and as a result of this, investors are deterred from investing in such due to the risk of fraud. Less than half of all ICOs usually survive four months after the offering while almost half of ICOs that was sold in the year 2017 failed by February 2018. In spite of the records that shows the failure and fall in the price of cryptocurrencies, the money raised through ICO amounted to $7 billion dollars from the month January to June 2018.
About ICOVO
ICOVO is the World's first platform that promotes and actualises healthy ICOs free from scams. In the year January 2018, Vitalik Buterin who is the co-founder of Ethereum advocated Icovo. During that time, DAICOVO was the core of the service and was based on DAICO concept, notwithstanding ICOVO will solve the problem of fraud and decrease in project motivation through the decentralized system DAICO.
The Current Challenges
Issues of fraudulent ICOs that promotes projects that are fake in order to attract investors and then scam them. After investments are made, the projects will immediately close. So, it is difficult to know which ICOs are originals and which ones are fake. This is an hindrance to both investors who are really interested in investing and also to real ICOs.
- Also, there are large commissions and numerous financial costs and not everyone wants to spend a large sum of money to advertise projects with dubious services.
- There is also a lack of an adequate platform to launch a personal ideas. It is a difficult struggle to collect and gather funds that is needed to implement the plan.
- There is the issue of regulations. Since countries differ, there are different project requirements for each country and there is no single instrument.
- There are existing barriers associated with participating in ICOs investments.
The Solution With ICOVO
The Icovo platform allows the full development of one's ideas.
It will be a unique platform that will only bring projects that have been proven to be genuine and free of scam for investors. Investors will be able to reap real reawrds from their investment. All the users of ICOVO will be protected from fraud and any contract carried through it will be guaranteed full protection of both fund and data.
ICOVO App & Token Information
OVO tokens are the native tokens that will be used for all transactions in the ICOVO platform, it will be used and specified as the official currency for procuring ICO investments. ICOVO will also eliminate the barriers associated with participating in ICO by providing the ICOVO app. ICOVO is offering users an opportu nity to earn free tokens when they Download the App.
Wallet Details
Wallet supports ETH/ERC20
Private Key securely stored in the device
An integrated decentralised exchange
ICOVO App version 1.2.0 / January 1, 2019
Voting / Drafting function
DAICOVO (DAICO) interface
ICOVO App version 1.1.0 / September 15, 2018
ICO Details
Token ticker: OVO
Platform: Ethereum
Tokens for sale: 200 million
Price: 1 OVO = 0.3 USD
ICO Softcap: 5868 ETH
ICO Hardcap: 60360 ETH
Pre sale dates: (28/09 - 8/10) 2018
Main sale dates: 1st - 17th November 2018
Meet The Team
Conclusion
Having a hard time deciding on what ICOs to participate and invest in from the numerous ones available due to the prevailing risk of fraud and scam? Worry no more because ICOVO is the only one that will provide you a healthy ICO investment.
For more information and to participate on the Icovo token sale, kindly click on the links below;
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
Authors Details
Bitcointalk username: kingairdrop
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1862137
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