WHAT YOU SHOULD KNOW ABOUT THE ICOVO PROJECT

Hello to all. Today I will introduce you to the ICOVO project. This is such a comprehensive service to support ICO projects. The ecosystem consists of 3 components: the smart contract DAICOVO, ICOVO Web and ICOVO App. Consider more.



DAICOVO

This is the basis of the system, a smart contract for decentralized management of issued tokens, which allows the project founders to withdraw funds only in such amounts and at the time indicated by the contract. With the help of the application, tokens holders will be able to influence the contract. The DIACOVO smart contract consists of the following contracts: a tokens contract, a tokens sales contract, a reserve contract and a voting contract that, being independent, interact with each other.
Investors will be able to acquire tokens by listing the Ethers (ETH) or OVO to the address specified in the smart contract. After paying the fee to the system, the founder of the tokens will be able to withdraw funds collected by the reserve contract through the ICOVO App, depending on the amount of this amount.

ICOVO App

This application for smartphones compatible with Android / iOS, with an internal secure wallet for ERC20 / ERC223 tokens. The application is compatible with DAICOVO, allowing project founders to easily design and conduct voting to manage funds. The wallet will allow you to invest and manage acquired tokens. Deterministic wallet can generate an infinite number of addresses (a pair of public and private keys). The system will not store private keys on the server, excluding losses during the hacker hacking of the central server.
To combat fraud in voting, there is a limit on the purchase of tokens, voting by transferring funds to a specific address (these funds will be returned to the sender after the voting is completed) and the amount of the fee is limited.



ICOVO Web

This is the site of listed ICO projects with investor protection. Investors are always in the right to verify the implementation of the project in accordance with its white paper (whitepaper), and if not, open the vote and vote for a refund. Project founders, using DAICOVO to sell their tokens, will be able to use services for free, including design, setting parameters, compiling and placing tokens. Additional services will include business plan analysis, white paper review, legal review by a Swiss lawyer, translation into multiple languages and distribution of a press release.



Advantages of the project:

• Transparency of ICO projects through the creation of global standards and an autonomous operational system, independent of the competence of individuals. This system is a combination of a centralized client-server model and a decentralized p2p model (equal to equal).
• Decentralization of token management. Withdrawal of funds by the organizing team of the ICO will only be possible during designated periods of time in accordance with the conditions. This will prevent the possibility of the disappearance of developers with the collected funds.
• Decentralized storage of white paper (whitepaper) in IPTF (InterPlanetary File System) and protection against its forgery.
• KYC / AML identification of team members. KYC (Know Your Client) - Verification of the person through the provision of passport information. This is one of the components of AML (anti-money laundering) - methods of protection against money laundering and terrorist activities.
• Ability to follow ICOVO Web for project activity on social networks and updates on GitHub
• Facilitate participation by all users. Opportunity for all users to go through the KYC procedure only once.
• Easy-to-compare standard resume format for various ICO projects.



Briefly about OVO and crowdsale tokens (sale)

OVO - utility tokens of the system, required participation in the voting, for the purchase of tokens of various ICO at a discount of 25% compared with ethereum (ETN). The budget of any ICO will be paid to the founders in the OVO (30%) and ETH (70%)
⇨ Ticker (short name): ОVO
⇨ Token Type: ERC20 / ERC223
⇨ Total Cap (total): 200,000,000 OVO
⇨ Soft Cap (Minimum target): 5868 ETH
⇨ Hard Cap (Maximum Target): 60360 ETH
⇨ Presale: 09/24/2018-08/10/2018
⇨ Minimum investment for presale: $ 100
⇨ Crowdsail: Stage 1 (01/01/2018-07.11.2018) - 10% bonus
⇨ 2 stage (09.11.2018-15.11.2018) - 5% bonus
⇨ Stage 3 (11/17/2018- 11/30/2018) - without bonuses
⇨ Minimum crowdsale investment: $ 50
⇨ Payment method: ETN
⇨ Price: 1 OVO = 0.3 USD

For more details:

Website: https://icovo.co/
Whitepaper: https: //icovo.co/whitepaper/20180831_wp_service_en.pdf
Twitter: https://twitter.com/ICOVOCO
Telegram: https://t.me/icovoco

Written by Goodnuel

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