ICOVO: PROTECTING ICO INVESTORS.

nedbee (46)in #blockchain • 6 years ago (edited)

INTRODUCTION
Initial coin offering (ICO) is a way of raising fund by project developers and also getting people involved in the development of the projects either as share holders or as investors as the case may be, depending on the type of token created , either utility or a security token
CHALLENGES FACED BY ICO INVESTORS
You will agree with me that a lot of projects spring fourth everyday with their ICOs, some succeed and some do not succeed. ICOVO is therefore designed to handle the loop holes in Token sales.
Nevertheless, as important as ICO is to projects, there have been a lot of challenges associated with it. Some of which are:

Investors lose their funds: in most ICOs, investors lose their funds due to the fact that the token sales didn’t reach soft cap and developers decided to abandon the projects without refunding all of investor’s money.
Scam ICO: some people group themselves and pretend to develop a project only to run away with investors money after successfully selling out their token and this has discouraged a lot of crypto enthusiasts from investing in any ICO. With ICOVO this will be a thing of the past.
RESTRICTIONS THROUGH REGULATIONS: some countries such as the United States and others have restricted citizens from participating in ICOs due to the risk involve. ICOVO will look into this and find a way out.
CENTRALIZATION: Most ICOs are conducted in a centralized manner even on a decentralized world of cryptocurrency and the blockchain technology. This centralized nature also affects the smooth, efficient and transparent running of the ICO programs.

UNIUQE REASONS WHY YOU SHOULD EMBRACE ICOVO PROJECT
ICOVO is designed with great features that are meant to solve problems facing ICOs and investors. ICOVO will create system that will effectively manage the funds raised by developers during Token sales. This will be done to check mate those negative factors limiting successful ICOs presently. These unique features include:

OPTIMUM TRANSPARENCY: ICOVO platform will ensure a transparent mode of conducting ICOs that will be void of fraud.
A SELF OPERATING SYSTEM: ICOVO has designed a system that will require very little or no professionalism to operate.
IDENTITY VERIFICATION: ICOVO platform is designed in such a way that identities of project developers are verified and confirmed. This is done by displaying their Github updates on ICOVO websites. This feature also encourages transparency of such ICO.
DECENTRALIZATION: in order to prevent ICO developers from the act of scam, withdrawing and running away with investors’ funds after ICO, ICOVO put in place a decentralized platform that will monitor the withdrawal and use of funds.
REDUCTIONS IN BARRIER FOR ICO PARTICIPATIONS: the unique features of ICOVO will help in reuducing barriers for some individuals whose country regulations forbid them from participating in ICOs. This will be done by creating a better, transparent and trusted environment which encourages investments.

BENEFITS OF ICOVO TO DEVELOPERS
ICOVO platform is not only designed to benefit investors, but project developers also have unique benefits from ICOVO, such as:

ENCOURAGE PROJECT DURABILITY: some ICO planners and project developers tend to abandon the projects after token sales. They become confused with the huge amount raised, and sometimes tend to divert from the actual road map. ICOVO has put modalities in place by creating a platform that will effectively manage ICO funds and motivate developers to continue developing their initial proposed project following their timeline.
TOKEN MANAGEMENT: ICOVO is designing DAICOVO as an original smart contract which has to do with DAICO’s fundamental idea of decentralized method of token management. This will be done by only permitting developers to withdraw funds according what the project requires per time depending on the road map.
UNIQUE FEATURES OF ICOVO
1.ICOVO APP REDUCES STRESS OF KYC: with ICOVO investors would not need to go through KYC each time they want to invest in ICO.with the ICOVO application, investors will only need to do KYC once on ICOVO platform. Subsequent participation in ICO would not require another KYC.
This is indeed a big relieve as KYC verification has been hindering some people from investing in ICO , either due to delay in verifying their documents or other factors pertaining to KYC.
ICOVO LOCAL WALLET: the ICOVO smart phone app is designed to enable intended investors to easily understand how to participate in any token sale on the platform and be able to safely and securely participate and store their tokens.

NOW LETS CONSIDER ICOVO TOKEN SALES:
Token presale is ongoing, meanwhile soft cap is already achieved.
Presale stated on 24th sept 2018 and will end on 08th October 2018.
Token available for sale: 4,200,000 OVO
Rate: 0.0015 ETH/ OVO with bonus of 40%
Accepted currency: ETH
Minimum purchase: 0.5ETH
Maximum purchase: 1,250ETH
Those tom participate: those who are whilelisted

CONCLUSION:
I will like to conclude by saying that the idea behind this project is very unique and innovative. The fact that ICOVO is designed to solve ICO problems makes the project an essential one for every crypto investor.
There is therefore no doubt that this project will encourage mass adoption of cryptocurrency and the blockchain technology. This is one project every crypto enthusiast should embrace and support as ICO is a backbone for crypto investments.
This article cannot capture all the unique features, potentials and benefits of ICOVO, I therefore advise readers to also visit the well designed website (https://icovo.co/) and ICOVO self explanatory white paper (https://icovo.co/whitepaper/20180831_wp_service_en.pdf )or a comprehensive information and how to participate in this innovative project.

ICOVO ROAD MAP