The ICOVO platform will bring DAICO to life, which was proposed by the co-founder of Ethereum as a way to protect investors in ICOs. Despite the tightening of regulation in 2018, the ICO market reached $5.8 billion USD in the first quarter of 2018. It also surpassed the market size of ICOs in 2017, which was at 3.9 billion USD.

ICOVO can be conceived as the marriage of three different products. The first product, DAICOVO is the ICOVO team’s implementation of Buterin’s DAICO idea. Every ICO project will be required to meet certain standards, such as the use of DAICOVO smart contracts, to be listed on ICOVO platform.

The second product, ICOVO App, is all an investor on his or her smartphone needs to invest in ICOs listed in ICOVO. It will feature everything required for a person to invest in a project such as KYC/AML procedures, whitelist registration, and whitepaper viewing. It’s coming with a wallet compatible with Ethereum and ERC-20 tokens which allows the investor to not use any other device or application to participate in sales and to store tokens. A decentralized exchange will allow users to trade their tokens, making ICOVO App a one-for-all solution.

The last product is ICOVO Web, an ICO listing website. Any project will be asked to fulfill ICOVO requirements to be listed on the site, including the utilization of DAICOVO. Possibly resulting in a website with fewer projects listed on compared to its alike, a tool called whitepaper versioning is presented as the most important feature of this product. All whitepapers will be stored by IPFS, ensuring no tampering or change without the investor’s awareness. Furthermore, in such cases platform users will have the chance to have their investments returned.

What Is ICOVO?

ICOVO is essentially an ICO ecosystem that will act as a reliable source of authentic information. This ICO system will implement DAICO to realize better performing ICOs. The core service will be DAICOVO smart contracts, which were advocated by Vitalik Buterin, the co-founder of Ethereum. The primary aim of ICOVO is to make fundraising efforts through ICOs much better than they are at the moment.

ICOVO’s mission is to successfully expand the current ICO market and get a broader range of investors. To achieve this mission, ICOVO has released a dedicated app for both Android and iOS that integrates the first crypto wallet that is specifically optimized and designed for ICOs. Also, the ICOVO Web platform will help increase usability for clients when taking part in initial coin offerings through desktops on personal computers.

Problems

Issues of fraudulent ICOs that promotes projects that are fake in order to attract investors and then scam them. After investments are made, the projects will immediately close. So, it is difficult to know which ICOs are originals and which ones are fake. This is an hindrance to both investors who are really interested in investing and also to real ICOs.

• Also, there are large commissions and numerous financial costs and not everyone wants to spend a large sum of money to advertise projects with dubious services.
• There is also a lack of an adequate platform to launch a personal ideas. It is a difficult struggle to collect and gather funds that is needed to implement the plan.
• There is the issue of regulations. Since countries differ, there are different project requirements for each country and there is no single instrument.
• There are existing barriers associated with participating in ICOs investments.

The Solution With ICOVO

The Icovo platform allows the full development of one's ideas.
It will be a unique platform that will only bring projects that have been proven to be genuine and free of scam for investors. Investors will be able to reap real reawrds from their investment. All the users of ICOVO will be protected from fraud and any contract carried through it will be guaranteed full protection of both fund and data.

ICOVO Apps

• Wallet Supporting Ethereum/ ERC20, This application is actually a private key that functions to protect all of the data stored in the device. In this way, you do not need to be worried anymore about important data stealing since all of them are well secured.
• Decentralized and Integrated Exchange, All of the clients can participate in the exchange of the platform to conduct secure trading. OVO token is all you need to participate in the trading activity and get profit.
• Drafting Function/ Voting, It is DAICOVO interface which is specially designed for all the digital company’s clients.
• ICO Dashboard, By using this application, the clients can have wide access to ICOVO information include KYC/ IML, Whitelist registration, Whitepaper explorer, ICO project list, and photo ID uploader.

How It Works

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 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. This will guarantee the protection of ICO investors at all time. It's implementation will be done through the ICOVO platform. The platform will also implement KYC/AML for invesstors and project founders. The whitepaper versioning will use the IPFS and the blockchain will ensure there are no changes to the whitepaper and agreement.

Only pre-approved project that agreed to DAICO concept will be allowed to raise funds through the platform. The platform will also issue OVO tokens, which will be specialized as a currency for procuring ICO investments with some percentage discount. OVO token 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.

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. It will also have a mechanism which will enables investors to seek for refunds whenever the project don't work according to their roadmap.

The platform competitive advantages are its vision based on original ideology and the vast human capital of the three founders in terms of management capability, technological strength, and glocalization ability accumulated from their wide-ranging experiences

ICOVO Services

• DAICOVO: Smart contracts implementing the DAICO model DAICOVO offers smart contracts optimized for ICOs adopting the DAICO model. For ICO project founders who use DAICOVO to do their ICO on ICOVO Web, all of the required work, including token design, DAICOVO parameter setting, compilation, and deployment, is free.
• 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.
• ICOVO Web: An ICO listing site with through 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.

Token

The token’s main use-case is that the use of OVO tokens to invest in ICOs yields a discount of 50%. The reader should note that it is not necessary to use OVO to participate in ICOs listed in the platform, and he or she can use ETH instead. Considering this, it might be more accurate to think that the main product is the platform, not the token.

Any person who is planning to participate in ICOVO ICO should be aware that a bonus of 40% is offered to pre-sale contributors and only half of the bonus tokens allocated to closed sale investors are locked. The price offered to investors for this stage of closed sale is not public. Together with the fact that approximately one-third of team and contributor tokens will be unlocked immediately, token metrics do not seem favorable. The second one-third will be unlocked after six months and the rest after twelve months.

Token Sales

Token OVO
Price 1 OVO = 0.30 USD
Bonus Available
Bounty Available
MVP/Prototype Available
Platform Ethereum
Accepting ETH
Minimum investment 100 USD
Soft cap 5,868 ETH
Hard cap 60,360 ETH
Country Switzerland
Whitelist/KYC KYC & Whitelist

Token Allocation

17%: Team members
23%: Marketing
30%: Private sale
30%: Crowd sale

Funds Allocation

3%: Working capital
5%: Development capital
10%: Team members
10%: Advertising
72%: Marketing capital

Roadmap

Team

For More Information :

Website : https://icovo.co/
Whitepaper :https://icovo.co/whitepaper/20180831_wp_service_en.pdf
Telegram Group : https://t.me/icovoco
Bitcointalk Thread https://bitcointalk.org/index.php?topic=4468796.0
Twitter: https://twitter.com/ICOVOCO
Facebook: https://www.facebook.com/icovoco/
YouTube : https://www.youtube.com/channel/UCAo9SoUVMIYJNg78pYm3enw
GitHub : https://github.com/icovo

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2443499