ICOVO is the world’s first and only ICO platform that can actualize healthy ICOs. 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.
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.
We will solve fraud and decrease in project motivation – the problems raised by ICOs – through the decentralized approach of DAICO.
With the mission of having all ICOs use DAICO, we will develop and open source DAICOVO, which is aligned with the thinking behind DAICO.
In addition, we will issue OVO tokens, which will be specialized as a currency for procuring ICO investments.
Ethereum, which has a high distribution amount and is universal, is currently used as the main currency for procurement, but we will provide benefits for ICO investors for using OVO for participating in projects on the ICOVO platform.
OVO 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.
In addition to creating a healthy ICO environment with DAICOVO and OVO as its core, ICOVO has as its mission to expand the range of ICO investors and the ICO market itself. 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.
Through the provision of its four services – DAICOVO, OVO, ICOVO App, and ICOVO Web – ICOVO will build an ecosystem for reliable blockchain-related startups.
DAICOVO: Smart contracts
implementing the DAICO modelIn addition to the functions required by ICO project founders such as issuing, selling, and managing unique tokens, 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. We plan to release DAICOVO as open source.
ICOVO App: A smartphone app featuring a wallet optimized for ICOsICOVO's iOS/Android features a multi-token multi-account wallet compatible with ETH and ERC20 tokens based on the safe private wallet, Wallet format with the purpose of enhancing security by storing the private key only in the mobile device not online, that has been released and is already in use by many, Tachyon, developed from scratch by our CTO Nishimura.
ICOVO App have the one stop solution for investors and project founders. Project founder don't need to develop it anymore.ICOVO App also have dashboard features,KYC/AML,Whitelist registration, Whitepaper viewer,ICO project list integrates with ICOVO Web and Photo ID uploader.
Furthermore it include DAICOVO user interface and has the interface for Decentralized Exchange(DEX) where users can trade their tokens.
ICOVO Web: An ICO listing site with thorough ICO investor protectionsICOVO 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.The biggest feature is whitepaper versioning using IPFS. All the whitepapers of ICO projects listed on ICOVO Web are managed by IPFS and Block chain. Whitepaper versioning through IPFS storage and block chain makes it impossible to tamper with whitepapers later on. This means that even if investors fail to download the whitepaper before the ICO or lose it, they can always verify whether the project is proceeding according to the original whitepaper, and if it is not, they can draft and vote to have their money refunded.The KYC required by ICOVO, which includes passport-based ID verification and AML, applies not only to the investors but also to the ICO project founders. Furthermore, in order to increase the transparency of ICO project activity, ICOVO shares the state of progress on the project by quantifying and displaying the project's use of GitHub, social media, and other major tools.ICOVO also requires a uniform format for certain essential whitepaper items so that each ICO project planner's whitepaper can be read in a unified format. The ICOVO App is synchronized with the ICO list information and bookmark function so that ICO investors can achieve participation all in one place.We also provide ICO project founders with a white-label dashboard for investors including a referral program, airdrop program, KYC/AML and more.
MISSION&VISION
ICOs are at the crux of the ecosystem necessary for hatching innovative
blockchain-related startups.
ICOVO will support a healthy ICO which will make a future by offering ICOVO Web、ICOVO App and DAICOVO. Details are described below in three points.
Increase ICO Transparency and Protect Investors
Reduce Barriers for ICO Participation
Increase Project Durability
Increase ICO Transparency and Protect Investors
We 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.
Decentralized
Token ManagementWe will create DAICOVO, an original smart contract incorporating DAICO’s fundamental idea of decentralized token management.We will introduce a system that only allows withdrawals according to the capital demand of a project’s pre-loaded schedule through a Tap system (setting an amount that can be withdrawn per unit of time). This will prevent developers from running off with raised funds.In the event that an investor notices a problem with the project, they are able to retract their investment that was raised under agreement as a refund.
Decentralized
White Paper VersioningVersioning for White Paper not to be tamperd is managed by InterPlanetary File System (IPFS).
Team Member
KYC/AMLWe will increase ICO project team member’s transparency by providing ICO project team member’s KYC/AML on ICOVO website in a centralized method.
Visualize
Activity SituationWe will increase project transparency by quantifying social media activity and GitHub updates on ICOVO’s website.
Reduce Barriers for ICO Participation
Create a better investment environment and reduce barriers
to ICO participation by unifying the investment process and the format for information disclosure.
Implementing
Local WalletImplementing a safe local wallet in ICOVO's original ICO-specialized smartphone app, the ICOVO App, helps with understanding the participation process for complicated token sales and managing tokens.
Unifying FormatsICO project pages and summaries of whitepapers on ICOVO’s website presents information consicely, making it easier to understand for investors. Accessibility is enhanced by offering a summary of all the projects using the same format.
Reducing labor
for KYCEliminate the need for ICO investors to do KYC each time they invest. When they participate in ICO project token sales on the ICOVO App, they perform KYC only once as ICOVO will share the information with the ICO project founders.
Increase Project Durability
Sustain project founders' motivation for product release and increase project durability by introducing a system
in which project founders can only withdraw tokens according to their investment demand milestone.
Fund acquisition≠GoalBy introducing a system of original smart contracts implementing DAICOVO in which funds can only be withdrawn according to a project’s pre-loaded schedule by Tap (set an amount that can be withdrawn per unit of time), motivation to finish the project founders.
Tokens and Tokens Sale
Overview and Objectives
ICOVO will issue its own token - OVO (OH-vo) - which can be used on the ICO of our ICOVO 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 profitsToken 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 of
200 million OVO tokens issued will be distributed according to the chart below, and some will be locked for a maximum of 1 year
Of the 46 million tokens (23%) allocated to marketing, 20 million unlocked tokens will be used for our referral programs and airways. For tokens to be locked for 6 or 12 months (a total of 26 million), we plan to implement a soft lock.
Furthermore, the number of tokens allocated for closed sales, presale, and crowd sales can change according to sales. 10% bonus tokens will be given to investors holding OVO for 6 months. Another 10% will be given to investors holding OVO for 1 year.
For more information about ICOVO, visit the link below:
Web: https://icovo.co/
Twitter: https://twitter.com/ICOVOCO
Telegram: https://t.me/icovoco
Facebook: https://www.facebook.com/icovoco/
Author: jordan abe
Eth: 0x9D70781Bd6A09c1359C956D5FeAf25483b5b63e9
No comments:
Post a Comment