ICOVO-The World’s First ICO Platform Implementing DAICO

ololatide (11)in #cyptocurrency • 6 years ago

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.

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

Their main vision is to Create a global standard for ICO platforms for innovative blockchainrelated startups and ICO investors

Reduce Barriers for ICO Participation

Improve project durability By allowing project founders to withdraw procured funds only within their capital-raising timeline and once certain milestones have been reached, motivation to release products is sustained.

DAICO

A DAICO is a model that uses decentralized methods to prevent planners from dishonestly using funds raised through an ICO. In ICOs using tokens that conform to the ERC20 standard, smart contracts are used to limit the amount of funds raised that project founders can withdraw per unit of time, and if the project is canceled for whatever reason, the remaining funds can be returned to the ICO investors if a consensus is reached.

IPFS

First proposed by Juan Benet, IPFS stands for the InterPlanetary File System. It is being developed by Interplanetary Networks with the help of the open-source community. It is a P2P distributed file system that connects multiple computing devices in the same file system to achieve distributed storage of files. In recent years it has been used to store large files directly on the blockchain.

SERVICE OVERVIEW

ICOVO is a one-stop ICO support service providing DAICOVO, a platform for managing the issuance of tokens in ICOs using Ethereum's ERC20/ERC223-compliant DAICO framework, the ICOVO App, which includes a wallet function that can manage all ERC20/ERC223-compliant tokens, KYC/AML functions for ICO investors, Block Chain and IPFS-based whitepaper versioning, and ICO Web, an ICO listing site with ICO project management functions, as well as other ICO necessities such as reviews of whitepapers and other documents, legal checks, engineer work from DAICOVO parameter adjustment to deployment, and Offering all of this on a one-stop basis will reassure ICO investors, lend credibility to ICO project founders, and make ICOs more sound, while at the same time lowering the barrier to entry in ICOs by consolidating the participation process

ICOVO App

A smartphone app featuring a wallet optimized for ICOs ICOVO's iOS/Android-compatible smartphone app(ICOVO Wallet in iOS and ICOVO Wallet PLUS in Android) is a native and web hybrid. It includes the world's first (as of January 2018) local wallet that can easily manage ICO list information and all ERC20/ERC223-compliant tokens. It is compatible with DAICOVO and comes with functions that allow project founders to easily draft and conduct voting on fund management.

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

OVO

OVO tokens offering 25% off drafted project token purchases ICO investors who use OVO to purchase tokens for projects drafted on the ICOVO platform get a 25% discount compared to using ETH. Because OVO is an exchange-listed token, its price fluctuates against ETH. For this reason, the rate for the 25% discount against ETH is set at whatever the rate is just before each drafted project's token sale begins (resulting in the discount rate continuing to fluctuate throughout the token sale)

Other services: Other services include business model evaluation, whitepaper review, legal check by a Swiss lawyer, a translation to multiple languages and press release distribution.