ICOs are at the crux of the ecosystem necessary for hatching innovative blockchain-related startups. So many things has been said about the development of ICO (Initial Coin Exchange) and the blockchain industries in general but not one has been able to develop a scheme or technology that will guide and protect the ICO investors from the many fake ICO around now. We have read in the past how many ICO developers got away with investors money making the investors loose all their resources. This act is reducing the participation of investors in ICO development as they are not sure how safe their money is. There is need to bring an end to this to bring back sanity to the system and safe every investors from possible scam.

THE ICOVO SOLUTION

To solve the identified problem the ICOVO come up with an innovation that will secures investors of an ICO by actively involving them in the initial development of the project they are investing to. This will not allow the developers to run away with the money after contributions have been made. The ICOVO will support healthy ICOs that will create the future by offering ICOVO web, ICOVO App and the DAICOVO.
The ICOVO 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. The ICOVO will introduce a system that only allows withdrawals according to a Tap system (setting an amount that can be withdrawn per unit of time). This will prevent developers from running off with raised funds. Also on ICOVO there is a maximum number of tokens that can be acquired by a single investor. This is done so that some investor will not be ‘super-powered’ enough to single-handedly influence the Tap policy. This means that a single investor cannot determine what happens to the whole funds contributed to the development of a project.

In the event that an investor notices a problem with the project, they are able to retract their investment that was raised under agreement as a refund. This act will go a long way to safe the investors from predating scammers all over the internet pretending to be ICO developers.
The ICOVO will also create a better investment environment and reduce barriers to ICO participation by unifying the investment process and the format for information disclosure. They will do this by implementing a safe local wallets with the purpose of enhancing security by holding the private key only in the mobile device not online in ICOVO's original ICO-specialized smartphone app, the ICOVO App, helps with understanding the participation process for complicated token sales and managing tokens.

ICO & KYC

Know Your Customer (KYC) is a measure to ensure that anyone who completes the process won’t be able to get involved in Money Laundering else they will be apprehended. Though people do upload false documents or pictures which have been edited but with the ICOVO it becomes impossible as there is the passport based ID verification meaning that passport can only be taken live at the time of verification and not the usual uploading of pictures from the media storage of the phone or computer.

For further information on ICOVO visit
website
whitepaper
telegram
ANN
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Thanks for taking time to read, am tuvic01 on Bitcointalk, you can reach me through: https://bitcointalk.org/index.php?action=profile;u=1541199;sa=summary