Hello friends, meet me again, on this occasion I will discuss the icovo project, Icovo is the first Ico platform in the world to implement Daico, here is the review?
ICOVO is the first and only ICO platform in the world that can actualize healthy ICOs. The essence of the service is the DAICOVO smart contract, which is based on the DAICO concept, which was advocated by the co-founder Ethereum Vitalik Buterin in January 2018.
Every government has developed regulations to create a healthy environment for ICOs, but this is difficult to achieve for unlimited ICOs only with use centralized regulation.
We will resolve project fraud and decrease motivation - issues raised by the ICO - through the decentralized DAICO approach.
With the mission of having all ICOs using DAICO, we will develop and open DAICOVO sources, which are in line with the thinking behind DAICO.
In addition, we will issue OVO tokens, which will be devoted as a currency to get ICO investments.
Ethereum, which has a high distribution rate and is universal, is currently used as the main currency for procurement, but we will benefit ICO investors because it uses OVO to participate in projects on the ICOVO platform.
OVO is the only token in the world specifically for the procurement of ICO funds. The value of increasing the voice ICO is more done on the ICOVO platform, so OVO will function as a symbol and ICO environmental health index.
In addition to creating a healthy ICO environment with DAICOVO and OVO as the core, ICOVO has a mission to expand the reach of ICO investors and the ICO market itself. ICOVO will solve the problem by removing obstacles to the process of participating in the ICO so that anyone can easily participate. They will be completed through the provision of the ICOVO App (iOS / Android), which integrates the world's only wallet that is optimized for the ICO, and ICOVO Web, which will increase usability when participating in the ICO via a personal computer.
Through the provision of four services - DAICOVO, OVO, ICOVO App, and ICOVO Web - ICOVO will build an ecosystem for startups associated with reliable blockchain.
MISSION & VISION The
ICO is the core of the ecosystem needed to hatch
innovative startups related to blockchain.
ICOVO will support a healthy ICO that will make the future by offering ICOVO Web, ICOVO App and DAICOVO.
The details are explained below in three points.
Increase ICO Transparency and Protect Investors
We aim to protect ICO investors by introducing a fundraising management system and increasing the transparency of the founders of the ICO project and the project itself.
Decentralized Token Management
We will make DAICOVO, a genuine intelligent contract that combines DAICO's fundamental ideas about decentralized token management.
We will introduce a system that only allows withdrawals in accordance with capital requests from the project pre-loading schedule through the Tap system (setting the amount that can be withdrawn per unit of time). This will prevent developers from running away with funds raised.
In the event that an investor sees a problem with the project, they can withdraw their investment that was raised under the agreement as a refund.
Decentralized White Paper Version The
version for White Paper does not become a feature managed by the InterPlanetary File System (IPFS).
KYC / AML Team Members
We will increase the transparency of ICO project team members by giving members of the KYC / AML ICO project team on the ICOVO website with a centralized method.
Visualize the Situation of Activities
We will increase project transparency by measuring social media activities and GitHub updates on the ICOVO website.
Reduce Barriers to ICO Participation
Create a better investment environment and reduce barriers
to ICO participation by integrating the investment process and format for information disclosure.
Applying a Local Wallet
Applying a secure local wallet on ICOVO smartphone application ICIO-ICO, helping ICOVO App, helps by understanding the participation process for the sale of complex tokens and managing tokens.
Incorporating Formats
The ICO project page and whitepaper summary on the ICOVO website provide overall information, making it easier to understand for investors. Accessibility is enhanced by offering a summary of all projects using the same format.
Reducing labor to KYC
Eliminate the need for ICO investors to do KYC every time they invest. When they participated in the sale of ICO project tokens on the ICOVO Application, they only did KYC when ICOVO would share information with the founders of the ICO project.
Increase Project Durability
Maintain the motivation of the project founder to release products and increase project resilience by introducing a system in which project founders can only withdraw tokens in accordance with their investment request milestones.
Fundraising ≠ Purpose
By introducing a genuine intelligent contracting system that applies DAICOVO where funds can only be withdrawn according to the project pre-loading schedule by the Tap (setting the amount that can be withdrawn per unit of time), motivation to complete the project founders.
DAICOVO: Smart contracts to implement the DAICO model
In addition to the functions needed by the founder of an ICO project such as issuing, selling, and managing unique tokens, DAICOVO offers intelligent contracts optimized for ICOs that adopt the DAICO model. For ICO project founders who use DAICOVO to do their ICO on ICOVO Web, all work is needed, including token design, DAICOVO parameter settings, compilation, and deployment, free. We plan to release DAICOVO as an open source.
Token and Token Sale
ICOVO will issue its own token - OVO (OH-vo) - which can be used on our ICOVO ICO platform. OVO has several utility functions.
ICO investors can buy ICO project tokens with a 25% discount compared
to buying with an ETH. This can also be used to pay for shared work space and other services provided by ICOVO.
In addition, OVO can be used to use voting rights to increase the Tap (the amount that can be withdrawn per second) or return funds recovered to investors. OVO tokens do not have asset functions such as securities, and their distribution is not related to ICOVO profits.
Token Type: ERC20 / ERC223
Token Function: Utility1: 25% discount relative to ETH
(When purchasing ICO tokens Normal
currency
(At the time of purchase of ICOVO
support services)
Utility2: Voting feature
(Warning: OVO does not function as an
asset in any form )
Ticker: OVO (OH-vo)
The total number of tokens to be issued: 200 million
Set the price at the time of ICO: 1 OVO = 0.3 USD
Smallest unit: nOVO (nano OVO) = 0.000000001 OVO
Issuance date: August, 2018
Soft Cap: 5,868 ETH
Hard Cap: 60,360 ETH
Target: 33,533 ETH
Allotment and Distribution
The sale and participation process of
closed sales tokens is scheduled to begin on May 15 2018. The remaining unsold tokens will be sold in presale sales and crowd.
White list registration starts on June 22, 2018. Crowd
sales will be held to sell unsold tokens from Presale. Tokens left over from crowd sales will not be issued.
The following is a summary of each sale:
Presale
Start date: 2018-09-24 00:00 (UTC)
End date: 2018-10-08 23:59 (UTC)
Tokens to be sold: Maximum 120 million
(All tokens left from sales are closed from those reserved for sale )
Prices and benefits: + Bonus 40%
1 OVO = 0.3 USD
Cryptocurrency that can be
used for purchase ETH (Ethereum) :
Minimum purchase amount: 100 USD
Maximum purchase amount: 250,000 USD
Target group: White
list registrar Starting date white list registration : June 22, 2018
Crowd sales Stage 1: 2018-11-01 00:00 (UTC) - 2018-11-07 23:59 (UTC)
Prices and benefits: + 10% bonus
Stage 2: 2018-11-09 00:00 (UTC ) - 2018-11-15 23:59 (UTC)
Price and benefits: + 5% bonus
Stage 3: 2018-11-17 00:00 (UTC) - 2018-11-30 23:59 (UTC)
Prices and benefits : + 0% Bonus
Token to be sold: Maximum 120 million (remaining tokens from presale)
Cryptocurrency that can be
used for purchase ETH (Ethereum) :
Minimum purchase amount: 50 USD
Maximum purchase amount: 250,000 USD
Target group: White list registrar
Date start white list registration: June 22, 2018
For more information:
Web: https://icovo.co/
Twitter: https://twitter.com/ICOVOCO
Telegram: https://t.me/icovoco
Facebook: https://www.facebook.com/icovoco/
Eth: 0x4a9957c05f4a2ff75c2FD44Fe026Cf31A9EdcE53
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