REVIEW OF ICOVO PROJECT AND ITS ICO.
Over the past few years, blockchain technology has continued to attract global attention in innovations and the trends don't seem to stop anytime soon.
The majority (if not all) of blockchain based technologies are ushered-in through initial coin offering (ico's); which are necessary for hatching innovative startups in the blockchain industries.
However, the ico market which is growing very fast lacks an efficient mechanism of operations which mostly threatens the fate of investors.
This is why a team of professionals now deem it necessary in providing an efficient system for conducting and managing ico's, this system is called icovo and it is intended to serve as a global standard to ico platforms.
icovo is the first ico platform to implement DAICO.
Icovo as a platform takes priorities in increasing ico transparency and protecting investors, reducing barriers of ico participation and also increasing project durability.
Icovo seeks to solve problems of lack of transparency in the conduct of ico's by leveraging on the potentials of blockchain in tackling the core problems.
For example,
In icovo, hybrid of centralized and decentralized system of operations give rise to an innovative product called DAICO on the icovo platform. DAICO solves the problems of refunding investors if a project is frozen or canceled.
Icovo App is incorporated with a KYC/AML tools including photo uploader that serve as a guide against scam ico projects.
The icovo web also takes care of versioning whitepapers and using IPFS to prevent tampering with whitepapers after it has been written.
Icovo also offers great ico support services to ensure that ico's conducted on the icovo platform comply with a set standard that is investors friendly.
ICO project founders are also given great support.
For example,
Icovo manages the issuance of tokens, token design, DAIVO parameter setting, compilation, and deployment.
A native Erc20/Erc233 compliant wallet is also provided by icovo, thus eliminating the development of a new wallet or the use of third-party wallet.
Other services include whitepaper translation to multiple languages, legal checks, advice, press release etc.
The business model of icovo is hinged on the ovo tokens and new ico projects.
It is projected that the ico market will reach an estimated sum of $771,500,320 by 2021 thus icovo is set to take advantage of such a huge and fast-growing market.
Currently, most ico's are conducted and managed by individuals whose reputation and expertise are mostly questionable.
Icovo has a clear competitive advantage due to an organized structure as well as innovative products that are most likely to meet the demand of ico enthusiasts.
Both B2B and B2C are believed to benefit from the model of icovo platform.
Icovo project has been hyped by many ico investors and experts who believe that the innovative structures of icovo would rightly address its intended business concept.
From the inception of icovo, many milestones have been covered. Unlike most ico project that conduct token sale with a mere idea on papers, icovo have completed the development of key platform products including icovo App, icovo web and DAIVO smart contract implementation of DAICO.
icovo project has also secured some strategic partnership including BBEX and BLUEBELT.
Icovo is headed by Akihiro Yamase as CEO alongside other members including legal advisors.
Members are drawn from a various field of profession and are working collectively for a common interest in ensuring the success of icovo project.
Another interesting factor about icovo is their social presence. Many investors believe that having a viable social presence is crucial for a project success.
Icovo operates social handle such as telegram, Facebook, Twitter, YouTube, etc that connects all their investors for a common interest.
Telegram handle has got about 18.5k members, the Facebook handle has got about 15k followers while Twitter handle has got about 13.1k followers. The huge figure drawn from their social presence may indicate serious interest in the project from investors, which mean if they all invest, then more funds would be raised which will largely contribute to success.
Icovo Team
The icovo ico is ongoing with token sale slated to be closed by 30th November 2018. A projected soft cap of 5,868ETH has been successfully raised with some exchange listing partnership already in place.
Icovo token can be purchased using ethereum at an equivalent price rate of 1 OVO = $ 0.3
In conclusion, icovo project looks promising, their MVP has already been developed with high positive ratings from experts and dedicated ICO rating websites across the blockchain, ico and cryptocurrency industries.
Disclaimer: This piece is intended for promotion and not financial advice, participate at your discretion via the links below
Source/official links
Website: https://icovo.co/
Whitepaper: https://icovo.co/whitepaper/20180831_wp_service_en.pdf
Telegram: https://t.me/icovoco
Facebook: https://www.facebook.com/icovoco/
Twitter: https://twitter.com/ICOVOCO
Authored byTorps1:
https://bitcointalk.org/index.php?action=profile;u=1291920