ICOVO - The World’s First ICO Platform Implementing DAICO
Executive Summary
ICOs are at the crux of the ecosystem necessary for hatching innovative blockchain-related startups.
ICOVO will support healthy ICOs, which will create the future, by offering ICOVO
Web, ICOVO App, and DAICOVO.
Details are described in the three points below :
- Increase ICO Transparency and Protect Investors:
We aim to protect ICO investors by introducing a fundraising management system and increasing the transparency of ICO project founders as well as the projects themselves.
- Reduce Barriers for ICO Participation:
We will create a better investment environment and reduce barriers to ICO participation by unifying the investment process and the format for information disclosure.
- Increase Project Durability:
We will sustain project founders' motivation for product release and increase project durability by introducing a system in which project founders can only withdraw tokens according to the Tap (an amount that can be withdrawn per unit of time).
What is ICOVO ???
ICOVO is the world’s first ICO platform Implementing DAICO that can actualize healthy ICOs.
The core of its service is the DAICOVO smart contract, which is based on the concept of DAICO, which was advocated by Ethereum co-founder Vitalik Buterin in January 2018.
Each country’s government is advancing regulation in order to create a healthy environment for ICOs, but this is difficult to achieve for borderless ICOs using only centralized regulation.
We will solve fraud and decrease in project motivation – the problems raised by ICOs – through the decentralized approach of DAICO,visit https://icovo.co/ more information.
What is DAICO?
Since the first ICO of Ethereum on Sep 2, 2014, ICOs have been killing it as a new, democratic and open way to raise funds. For example, early this year, LoopX(a peer to peer trading platform) raised approximately 4.5 million dollars. If you were in a world of a crypto, this might not sound impressive. But this is still significant considering our traditional fund raising schemes. ICO fundraising surpassed angel & seed stage Internet VC funding globally as of July 18th, 2017 already.
ICOVO App
Service Overview and Organization
ICOVO is the world’s first and only ICO platform that can actualize healthy ICOs. The core of its service is the DAICOVO smart contract, which is based on the concept of DAICO, which was advocated by Ethereum co-founder Vitalik Buterin in January 2018.
Each country’s government is advancing regulation in order to create a healthy environment for ICOs, but this is difficult to achieve for borderless ICOs using only centralized regulation.
We will solve fraud and decrease in project motivation – the problems raised by ICOs – through the decentralized approach of DAICO.
With the mission of having all ICOs use DAICO, we will develop and open source DAICOVO, which is aligned with the thinking behind DAICO.In addition, we will issue OVO tokens, which will be specialized as a currency for procuring ICO investments.Ethereum, which has a high distribution amount and is universal, is currently used as the main currency for procurement, but we will provide benefits for ICO investors for using OVO for participating in projects on the ICOVO platform.
OVO is the world’s only token specialized for ICO fund procurement. Its value increases the more sound ICOs are undertaken on the ICOVO platform, so OVO will serve as a symbol and index of the health of the ICO environment.In addition to creating a healthy ICO environment with DAICOVO and OVO as its core, ICOVO has as its mission to expand the range of ICO investors and the ICO market itself. ICOVO will solve problems by eliminating barriers to the process of participating in ICOs so that anyone can easily participate.
They will be solved through providing ICOVO App (iOS/Android), which integrates the world’s only wallet optimized for ICOs, and ICOVO Web, which will increase usability when participating in ICOs through personal computers.Through the provision of its four services – DAICOVO, OVO, ICOVO App, and ICOVO Web – ICOVO will build an ecosystem for reliable blockchain-related startups.
DAICOVO: Smart contracts implementing the DAICO model
ICOVO App: A smartphone app featuring a wallet optimized for ICOs
ICOVO's iOS/Android features a multi-token multi-account wallet compatible with ETH and ERC20 tokens based on the safe private wallet, Wallet format with the purpose of enhancing security by storing the private key only in the mobile device not online, that has been released and is already in use by many, Tachyon, developed from scratch by our CTO Nishimura.
ICOVO App have the one stop solution for investors and project founders. Project founder don't need to develop it anymore,to read more about the following Whitepaper https://icovo.co/whitepaper/20180831_wp_service_en.pdf
ICOVO App also have dashboard features,KYC/AML,Whitelist registration, Whitepaper viewer,ICO project list integrates with ICOVO Web and Photo ID uploader.Furthermore it include DAICOVO user interface and has the interface for Decentralized Exchange(DEX) where users can trade their tokens.
ICOVO Web: An ICO listing site with thorough ICO investor protections
ICOVO Web is a website for ICO project founders to list their ICOs for investors. It thoroughly protects ICO investors and lists only ICO projects that comply with ICOVO requirements. The criteria for listing on ICOVO are the utilization of DAICOVO, planner KYC/AML as required by ICOVO, and disclosure of the progress of the project.
The biggest feature is whitepaper versioning using IPFS. All the whitepapers of ICO projects listed on ICOVO Web are managed by IPFS and Block chain. Whitepaper versioning through IPFS storage and block chain 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 planner'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.
We also provide ICO project founders with a white-label dashboard for investors including a referral program, airdrop program, KYC/AML and more.
Mission and Vission
ROADMAP
2018
Q1
- PRODUCT
ICOVO Project was started. ICO Platform Implementing DAICO was designed.
- DAICO
DAICOVO which is a customizable smart contract integrating DAICO was designed.
- PROMOTION
Corporate site was opened. Press releases in Switzerland, Singapore Japan were distributed.
- ICO
Preparations for ICO was started.
Q2
- ICO
White List registration, KYC/AML and CrowdSale will be started.
- APP
ICOVO App version 1.0.0
June 22, 2018: Features such as local wallet and Dashboard (KYC/AML, Whitelist registration) implemented.
- PROMOTION
Events in Zug , Tokyo and Singapore will be held.
- WEB
ICOVO Web version 1.0.0 implementation for ICOVO’s Dashboard will be launched.
Q3
- ICO
CrowdSale will be started and OVO token will be listed on exchange.
- APP
ICOVO App version 1.0.5
September 15, 2018: DAICOVO interface, draft, voting features added.
- PROMOTION
ICOVO News Media (icovo.net) will be opend.
- DAICO
DAICOVO version1.1.0 implement of Whitepaper versioning will be launched.
Q4
- WEB
ICOVO Web version 1.2.0 implement of management Mypage for drafter will be launched.
- APP
ICOVO App version 1.2.0
January 1, 2019: Dashboard (Whitepaper explore, ICO project list) and Decentralized Exchange(DEX) integration feature added.
- PROMOTION
Co-working space for innovative blockchain-related startups will be opened in Zug, Switzerland.
- DAICO
DAICO version 1.2.0 implement of parameters setting will be launched.
2019
Q1
- PRODUCT
ICO support service will be started.
- WEB
ICOVO Web version 1.2.1 will be launched.
- APP
ICOVO App version 1.2.1 will be launched.
- DAICO
DAICOVO version 1.2.1 will be launched.
Q2
- PROMOTION
Co-working space for innovative blockchain-related startups will be opened in Tokyo.
- ICO
6 months hard-lock term’s of token will be ended.10% bonus token will be distributed to OVO token holder.
Q3
- GLOBALIZATION
We will check the situation of country law and start global deployment.
TEAM
Details Information Visit :
Website : https://icovo.co/
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://web.facebook.com/icovoco/?_rdc=1&_rdr
Twitter : https://twitter.com/ICOVOCO
Author : araalfaris
Bitcointalk Profile url : https://bitcointalk.org/index.php?action=profile;u=1116890
ETH Wallet : 0xa576694D977F9Bd6d151e7F994e905d7eed82E0F