icovosiji
ICOVO platform brings DAICO to life, proposed by Ethereum co-founder
Vitalik to protect ICO investors
Despite regulations tightening up from 2018 all over the world, in just 3 months of the first quarter of 2018, the ICO market reached 5.8 Billion USD — an increase of over 9790% over the previous year (it was 60 Million USD in Q1 of 2017), easily surpassing all of 2017’s market size of 3.9 Billion USD (source).
However, currently there are three main problems with ICOs:
Project founders running off with procured funds
Projects stopping due to a motivation decline in project founders, and High barriers to ICO participation.
ICOVO is the world’s only ICO platform that can solve these three problems.
It will solve the problems of 1) project drafters running away with the procured funds, and 2) projects stopping in development due to decline in motivation of project founders with DAICOVO, KYC/AML, and Whitepaper versioning.
“DAICOVO” is a smart contract based on the concept of DAICO proposed by Ethereum co-founder Vitalik Buterin in January 2018 to protect ICO investors and will be implemented in the ICOVO platform.
Despite regulations tightening up from 2018 all over the world, in just 3 months of the first quarter of 2018, the ICO market reached 5.8 Billion USD — an increase of over 9790% over the previous year (it was 60 Million USD in Q1 of 2017), easily surpassing all of 2017’s market size of 3.9 Billion USD (source).
However, currently there are three main problems with ICOs:
Project founders running off with procured funds
Projects stopping due to a motivation decline in project founders, and High barriers to ICO participation.
ICOVO is the world’s only ICO platform that can solve these three problems.
It will solve the problems of 1) project drafters running away with the procured funds, and 2) projects stopping in development due to decline in motivation of project founders with DAICOVO, KYC/AML, and Whitepaper versioning.
“DAICOVO” is a smart contract based on the concept of DAICO proposed by Ethereum co-founder Vitalik Buterin in January 2018 to protect ICO investors and will be implemented in the ICOVO platform.
Additionally, KYC/AML
will be implemented for both investors and project founders, while Whitepaper
versioning using IPFS and blockchain will prevent alteration. Only ICO projects
that are pre-approved and will implement DAICO will be hosted, and for those
projects, ICOVO tokens “OVO” will be issued to get a 25% discount relative to
ETH.
The issue of 3) high barriers for ICO participation will be solved through the world’s first ICO-optimized “ICOVO App” and “ICOVO Web”, in place of MyEtherWallet, which can be difficult to use for beginners.
“ICOVO App” and “ICOVO Web” will feature a simple UI that is easy to use for anyone, and includes a wallet conforming to ERC20/ERC223, token purchasing function, and even the mechanism DAICOVO to enable refunds to investor through a voting process — everything needed to participate in an ICO all in one place.
The issue of 3) high barriers for ICO participation will be solved through the world’s first ICO-optimized “ICOVO App” and “ICOVO Web”, in place of MyEtherWallet, which can be difficult to use for beginners.
“ICOVO App” and “ICOVO Web” will feature a simple UI that is easy to use for anyone, and includes a wallet conforming to ERC20/ERC223, token purchasing function, and even the mechanism DAICOVO to enable refunds to investor through a voting process — everything needed to participate in an ICO all in one place.
Development started in January of 2018 and despite details about the service yet to be published, offers from ICO project founders who want to hold an ICO on the ICOVO platform have begun flooding in.
Mission: “No ICO, No Future”
ICOs are at the very core of the ecosystem necessary for hatching
innovative, blockchain-related startups. This mechanism for the future must not
be crushed, but rather carefully preserved.
Vision: Global Standard for ICO Platforms
Create a global standard for ICO platforms for innovative
blockchainrelated startups and ICO investors.
1.
Propel ICOs
Protect ICO investors and reinvigorate ICOs themselves by
increasing the transparency of the management of funds raised through ICOs,
project founders, and projects themselves.
2.
Reduce Barriers for ICO Participation
Increase ICO participation and accessibility by making the
investment process and the format of information disclosure uniform across the
board.
3.
Improve project durability
By allowing project founders to withdraw procured funds only within
their capital-raising timeline and once certain milestones have been reached,
motivation to release products is sustained.
THE PROBLEM
The lure of quick and
supposedly easy money has not only caught the attention of genuine companies
and investors in this space, but has also attracted nefarious entities who want
to grab a share of this market. With no regulation to check what is coming into
this market as an investment product, a lot of scams have taken over. This
poses a real problem in the crypto market.
We now have a situation
where many scam crypto ICOs are in the crypto world, and the majority of crypto
investors are retail, unsophisticated investors without the knowledge of how to
decipher the scam crypto investments from the real ones.
Lack of regulation in
the ecosystem has also created a situation where there is no trust entity to
validate the thousands of new cryptocurrency-based projects that are entering
the crypto space on a daily basis.
Trusted and accurate information channels that can serve as valid sources of informative and educational content for the unsophisticated, retail investors are lacking.
Trusted and accurate information channels that can serve as valid sources of informative and educational content for the unsophisticated, retail investors are lacking.
Project
advisor:
·
Dr.
Tom Frey - Legal Counsel. Partnered at Baumgartner Mächler Rechtsanwälte AG.
Tom is also a senior lawyer at Baumgartner Mächler Lawyers Ltd.
·
Quek Li
Fei - Legal Counsel. Partnered at Colin Ng & Partners.
Project
partner:
·
Alchemy
Baru - a security audit company;
·
CoinDeal
- the exchange platform for cryptocurrency.
This
project is basically a platform that facilitates the running of the DAICO
campaign, as well as consulting and investment activities. This platform has a
mobile application interface for DAICO (proposals and voting)
Project
strength:
·
the
market isn't too competitive.
·
the
market is growing fast.
·
the
project has an experienced team.
Project
weaknesses:
·
The
absence of MVP, but with the project code, available on GitHub. According to
the DAICO interface integrated application team, it will be released on June
22.
·
there are
no strategic partners.
According
to Ernst & Young, the total amount of funds collected by ICO has exceeded $
3.7 billion, which is double the amount of venture investment. Moreover, this
market trend is expected to continue. In accordance with their Global
Crowdfunding Market report, crowdfunding market is projected to grow at 26.87%
CAGR from 2016 to 2020.
TOKEN
DETAIL:
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
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
For More
Information;
Website : https://icovo.co/
Twitter : https://twitter.com/ICOVOCO
Telegram : https://t.me/icovoco
Author :
Hoempoet
0x472C27bB2512Aa8B4815f60237100C0cF7FcF87a
Comments
Post a Comment