ICOVO incubates the innovative blockchain-related startups

Some countries have prohibited ICOs to protect investors, but with the appropriate regulations in place, investors can be safeguarded. Centralized governments can draft regulation provisions by utilizing specialists, but the problem is with management and supervision at the execution phase. Due to a lack of resources and the borderless nature of ICOs, it is difficult for centralized governments to effectively supervise administration with non-standardized methods.

Why ICOVO

ICOVO will incubate “innovative blockchain-related startups” by providing an ICO platform “ICOVO” that aims to solve problems that ICOs face.

What problem will ICOVO Aims to Solve

• Even if the ICO project is canceled or frozen, funds are not returned.
• It is difficult to identify scam ICO projects.
• A passport photographed for KYC can easily be falsified with photo editing software.
• Different whitepaper formats make it difficult to compare ICO projects.
• Whitepapers can be tampered with.
• ICO investment has a high barrier to entry.
• It is difficult to draft and vote for things such as a DAICO refund.
• A token issuing system must be developed to do an ICO.
• For an ICO to be successful, the trust of ICO investors must be gained.
• Sometimes planners need ICO advice.
• Planners lack the funds to conduct an ICO.
• Planners lack a system to implement KYC/AML for a large number of ICO investors in a short amount of time.

How Can ICOVO Solve these Problems

• Using DAICOVO makes refunding possible.
• KYC/AML and project progress disclosure as required by ICOVO can be used as a guide for judgment.
• The ICOVO App's dedicated KYC/AML photo uploader prevents photo editing.
• ICOVO Web provides the information common to all the projects in the same format.
• ICOVO Web uses Blockchain and IPFS to make it impossible to tamper with the whitepaper, so you can always view the whitepaper published before the ICO even if you didn't save it.
• The ICOVO App is optimized for ICO tokens, so using it makes it easy to participate in token sales and manage tokens.
• The ICOVO App makes it easy to participate in drafting and voting on the management of procured funds.
• Using DAICOVO and the ICOVO App makes development unnecessary.
• Implementation of DAICOVO and KYC/AML as well as disclosure of project progress as required by ICOVO conveys that the project is above board and sincere.
• ICOVO offers free consultation on everything from business model planning to ICOs.
• ICOVO's initial charge is only 10,000 USD. If the ICO succeeds, there is a fixedrate success fee; if it fails, there are no fees beyond the initial charge.
• ICOVO implements KYC/AML on behalf of the planners.

The Big Feature is IPFS

The biggest feature is whitepaper versioning using IPFS. All the whitepapers of ICO projects listed on ICOVO Web are managed by IPFS. Whitepaper versioning through IPFS storage makes it impossible to tamper with whitepapers later on. This means that even if investors fail to download the whitepaper before the ICO or lose it, they can always verify whether the project is proceeding according to the original whitepaper, and if it is not, they can draft and vote to have their money refunded.
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. Furthermore, 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.

ICOVO also requires a uniform format for certain essential whitepaper items so that each ICO project founder's whitepaper can be read in a unified format. The ICOVO App is synchronized with the ICO list information and bookmark function so that ICO investors can achieve participation all in one place.

Project Details

Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4468796.0
Website: https://icovo.co/
Whitepaper: https://icovo.co/whitepaper/20180831_wp_service_en.pdf
Telegram Group: https://t.me/icovoco
Twitter: https://twitter.com/ICOVOCO
Facebook: https://www.facebook.com/icovoco/

ETH: 0x83d621b5615DfAa5E150Bc85eFC1bc938E8c21eB
Bitcointalk username: The Planner
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2037457