ICOVO, the Leading Platform for ICOs Implementing the Concept of DAICO
Vitalik Buterin, who is the founder of Ethereum Blockchain, had first proposed the idea of DAICO. DAICO is the short form for Decentralized Autonomous Organization (DAO) and the Initial Coin Offerings (ICO). The concept of DAICO has been around for a long time but no platform has implemented it before. ICOVO is the leading platform which will bring DAICO to life. DAICO is quite essential when it comes to protecting the ICO investors.
Though tightening was expected to brutal, the ICO market still crossed the milestone of $5.8 billion USD during the initial quarter of this year. It shows how beneficial the ICO investments are and how keen the investors are about new projects. The growth is pretty amazing but the current ICOs face three major issues, which are:
- The lack of funds and investments in an ICO.
- Poor development of projects because the founders lost interest in the concept of the project.
- Unnecessary barriers preventing new investors from entering the ICO market.
ICOVO is designed to be the leading ICO platform that will address and resolve the issues we have just mentioned. This platform can effectively resolve the lack of fund issues for the founders. This platform also has solutions for the lack of interest shown by the founders in their projects. In order to achieve these goals and provide what the investors seek, this platform will use whitepaper versioning, KYC/AML, and DAICOVO. As the ICOVO website and whitepaper states, the founders believe that their solutions will open the gates of the ICO market for numerous new investors.
How does it work?
ICOVO is featuring DAICOVO, a smart contract inspired by the concept of DAICO. This smart contract will assure all the ICO investors that their investments are protected against all sorts’ unfortunate events. In order to prevent alterations the whitepaper versioning will utilize the Interplanetary File System.
The ICOVO platform will not allow all the ICOs to compete and draw the investors. It will provide the investors with pre-approved and assessed ICOV which have implemented DAICO. All the approved projects will receive funds in the OVOV tokens, which is a native token developed for the ICOVO platform.
Hence many investors do not get any opportunity of investing in profitable ICOs, ICOVO will provide them with ICOV Web and ICOVO App which new participants can use to join this platform and then invest in the chosen ICOs.
Featuring user-friendly platform:
Unlike other decentralized platforms, ICOVO is providing the users with user-friendly platforms. Its web platform and DApp will feature simplified user interface. Thus, both experienced and newbie investors can easily operate the ICOVO platforms and use them to access new ICO projects.
Final thoughts:
In order to join the ICOVO platform and use its services every participant will need the OVOV tokens. You can buy this token during the ICO at discounted prices. The ICOVO ICO will take place very soon and you will have some great opportunities of acquiring the token at reasonable cost before its value rises.
Links:
Website: https://icovo.co/
Whitepaper: https://icovo.co/whitepaper/wp_tokensale_en.pdf
Telegram: https://t.me/ICOVOChanel/
Posted from my blog with SteemPress : http://cryptofleck.com/icovo-the-leading-platform-for-icos-implementing-the-concept-of-daico/