ICOVO - The World’s First ICO Platform Implementing DAICO

What is ICOVO?
 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 state government promotes regulation to create a healthy environment for the ICO, but this is difficult to achieve for unlimited ICOs only by using centralized regulation.We will solve 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 world token 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 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 model
 
In 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. 

 

Proposed by Ethereum co-founder Vitalik Buterin on January 6, 2018, a DAICO is a model that uses decentralized methods to prevent planners from dishonestly using funds raised through an ICO. In ICOs using tokens that conform to the ERC20 standard, smart contracts are used to limit the amount of funds raised that project founders can withdraw per unit of time, and if the project is canceled for whatever reason, the remaining funds can be returned to the ICO investors if a consensus is reached

ICOVO App: A smartphone app featuring a wallet optimized for ICOs

ICOVO'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. 


 

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 Management
We 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 Versioning
Versioning for White Paper not to be tamperd is managed by InterPlanetary File System (IPFS).

Team Member KYC/AML
We 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 Situation
We will increase project transparency by quantifying social media activity and GitHub updates on ICOVO’s website.

Token and Token Sale

Overview and Purpose
ICOVO will issue its own token—OVO (OH-vo)—that can be used on our ICO platform ICOVO. OVO has some utility functions. ICO investors can purchase ICO project tokens at a 25% discount compared to purchasing with ETH. It can also be used to pay for co-working spaces and other services ICOVO provides. Moreover, OVO can be used to exercise voting rights for raising the Tap (amount that can be withdrawn per second) or returning a procured funds back to the investors. The OVO token does not possess the functionality of assets such as securities, and its distribution is not linked to ICOVO’s profits. 

A brief overview of OVO:

 

Token Sale and Participation ProcessThe closed sale is scheduled to start on 15 May, 2018. Tokens that are left unsold will be sold in the presale and crowd sale. Whitelist registration started on 22 June, 2018. The crowd sale will be held to sell the tokens that were left unsold from the presale. Tokens left over from the crowd sale will not be issued. What follows are summaries of each sale:

 

For more information, please click the link below:

★ Web ★ Twitter ★ Whitepaper ★ Telegram ★ Reddit ★ Facebook ★ ANN ★


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