ICOVO - The World’s First ICO Platform Implementing DAICO

ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.

After my research, I found this project in which I really put my faith: ICOVO. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.

ICOVO is the world’s first and only ICO platform that can actualize healthy ICOs. Each country’s government is advancing regulation in order to create a healthy environment for ICOs, but this is difficult to achieve for borderless ICOs using only centralized regulation. They will solve fraud and decrease in project motivation the problems raised by ICOs through the decentralized approach of DAICO.

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.

DAICO

A key principle of ICOVO project is DAICO or Decentralized Autonomous Initial Coin Offering. The developer team sells its tokens during DAICO as it was in ICO. But DAICO is more transparent and safe comparing to ICO. A smart contract is running DAICO that regulates payment issues. It also controls the amount of money that the team can access. The token holders have decision-making right. In case of any needed changes in the project plan, the team places the offer and waits for holders votes. The contract completely excludes the possibility of total fraud. If token holders see the team is not able to perform the objectives, they can initiate a return of remaining funds.

The main core of the platform is of course DAICOVO smart contract, which was positively expressed by the Creator of Ethereum Vitalik Buterin. To invest in projects, participants will be able to use their own OVO tokens, which will give certain benefits.

FEATURES

A personal wallet that supports ERC 20 tokens and the issuance of a private key, which is stored only in the user's phone;

Decentralized exchanger between users;

Universal voting function;

ICO panel, where you can get the opportunity to register in white lists, view technical documentation and information about startups, KYC service, which will be enough to pass once and upload photos, documents.

DAICOVO is planned to be released as open source and this gives a great advantage to the ICO founders by making many functions free of charge: setting parameters, creating a digital token icon, deploying, conducting airdrops, connecting referral programs. The KYC procedure is required to pass not only investors, but also the organizers of the projects, which further enhances the protection.

ICOVO App and ICOVO Web

ICOVO App is Android and iOS compatible application with ERC20/ERC223 wallet. It allows the project's founders to manage their funds and voting. Token holders can easily invest in different ICO and manage their tokens. The system will not save private keys on its server. ICOVO Web will have a list of all DAICO projects.

BENEFITS FOR INVESTORS AND FOUNDERS

Founders of ICO receive besides the trust of investors a free service such as design and parameters settlement, token compelling and other. Additional service includes business plan analysis, white paper review and translation to multiple languages, legal check by a Swiss lawyer and press release

Decentralized token management, decentralized whitepaper storage in IPTF

Reduce barriers for ICO participation by utilizing once performed stored KYC

Investors’ protection against fraud

KYC/AML procedure of project founders for additional transparency

ICO projects transparency and creation of standards.

TOKEN SALE AND ICO DETAILS

OVO token is a utility token used for various services and purchasing different ICO tokens at 25% discount. ICO investors who use OVO to purchase tokens for projects drafted on the ICOVO platform get a 25% discount compared to using ETH.

Name: OVO Token

Token type: ERC20/ERC223

Symbol: OVO

Total supply: 200,000,000

ICO price: 1 OVO = 0.3 USD

Decimals: 10

Token Sale Soft Cap (Reached): 5,868 ETH

Token Sale Hard Cap: 60,360 ETH

Token Sale Target: 33,533 ETH

OVO Token Sale Website: https://icovo.io/signup/

ROADMAP AND DEVELOPMENT PERSPECTIVE

Above you can see the roadmap — how the team sees their nearest and long-term future.

TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT

Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.