ICOVO

kitanodebunmi (36)in #ovo • 6 years ago

image (4).png
ICOs have really grown to be a popular source of crowdfunding and talking about ICOs, a lot of investors have lost a great deal of money all in the name of ICOs. Lots of ICOs have been created lately and mostof these ICOs have turned out to be fraudulent leaving investors at huge loses. The trend with fraudulent ICOs are with project founders going off the grid with the ICO funds generated from the crowdsale, we also have the case of project teams losing any interest in continuing a project, the roadmap of some projects do not even get followed. There really have been lots of fraudulent projects and this led to the introduction of a concept called 'DAICO' earlier this year. The idea behind DAICO is to help fund blockchain projects and alongside protect the investors investing in these projects from being victims of fraud. The DAICO concept makes investing in ICOs less risky than it used to be; now investors are more confident of not losing their money when investing in ICOs.
The ICOVO project would be the first ever project to fully implement the DAICO concept. Imagine what this means for the future of ICOs and the future portfolios of investors.

The Icovo platform is a very different platform from others that already exist; the Icovo platform puts effort in addressing the issues regarding ICOs highlighted above while ensuring that the benefits to the project as well as the investors are the top priorities. I know how this would make any investor feel, this is a revolution to ICOs. The question of how Icovo aims at achieving the protection of ICO investors would definitely come up and Icovo aims at ensuring the protection of ICO investors by the introduction of a fundraising management system. The Icovo project is a blockchain project and there is one thing that is common with blockchain projects and that is transparency; Icovo ensures the transparency of ICO projects so investors would understand exactly what they are investing in. The heart of the Icovo project can be traced back to the DAICO concept and that is the DAICOVO Smart contract.

The ICOVO Ecosystem.
image (5).png

The Icovo platform makes it possible for everyone to participate in ICOs and not all ICO project would be accessible through the Icovo platform, this is precisely where the DAICO concept gets applied as any ICO project that is not in sync with the DAICO concept would not be allowed to reach investors and raise funds through the Icovo platform. In line with past experiences of investors, the Icovo platform possesses a way for investors to request a refund of their investment whenever a project does contrary to its roadmap.

The Icovo platform would issue OVO tokens, tokens that would serve as the designated currency to the Icovo platform. This OVO tokens is the currency that would be used when purchasing ICO investments. The OVO tokens appreciate in value as the number of successful ICOs increase and the procurement of ICO fund cannot be done with any other currency other than the OVO token.

Roadmap.
Q1 2018
-ICOVO Project was started.
-ICO Platform Implementing DAICO was designed.
-DAICOVO which is a customizable smart contract　integrating DAICO was designed.
-Corporate site was opened.
-Press releases in　Switzerland, Singapore Japan were distributed.
-Preparations for ICO was started.
Q2 2018
-White List registration, KYC/AML and CrowdSale will be started.
-ICOVO App version 1.0.0
June 22, 2018: Features such as local wallet and Dashboard (KYC/AML, Whitelist registration)implemented.
-Events in Zug , Tokyo and Singapore will be held.
-ICOVO Web version 1.0.0 implementation for ICOVO’s Dashboard will be launched.
Q3 2018
-CrowdSale will be started and OVO token will be　listed on exchange.
-ICOVO App version 1.0.5
September 15, 2018: DAICOVO interface, draft, voting features added.
-ICOVO News Media (icovo.net) will be opend.
-DAICOVO version1.1.0 implement of Whitepaper versioning will be launched.
Q4 2018
-ICOVO Web version 1.2.0 implement of　management Mypage for drafter will be launched.
-ICOVO App version 1.2.0
January 1, 2019: Dashboard (Whitepaper explore, ICO project list) and Decentralized Exchange(DEX) integration feature added.
-Co-working space for innovative blockchain-related startups will be opened in Zug, Switzerland.
-Co-working space for innovative blockchain-related startups will be opened in Zug, Switzerland.
Q1 2019
-ICO support service will be started.
-ICOVO Web version 1.2.1 will be launched.
-ICOVO App version 1.2.1 will be launched.
-DAICOVO version 1.2.1 will be launched.
Q2 2019
-Co-working space for innovative blockchain-related startups will be opened in Tokyo.
-6 months hard-lock term’s of token will be　ended.10% bonus token will be distributed to OVO　token holder.
Q3 2019
-We will check the situation of country law and start global deployment.