ICOVO platform brings DAICO to life, proposed by Ethereum co-founder Vitalik to protect ICO investors

nemori (26)in #ico • 6 years ago

What is ICOVO?

It is an ICO bolster benefit stage that take care of ICO issues and reestablish the ICO biological system, the task needs to help ICO's to be more well known to general society utilizing Blockchain innovation.

DAICO is proposed by Ethereum fellow benefactor Vitalik Buterin on January 6, 2018, it is a model that utilization decentralized techniques to keep organizers from contemptibility utilizing reserves raised through an ICO.

What is 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.

MISSION And 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.

1.Increase ICO Transparency and Protect Investors
2.Reduce Barriers for ICO Participation
3.Increase Project Durability

Features

The core of ICOVO's service is the DAICOVO smart contract, which is based on the concept of DAICO. With the mission of having all ICOs use DAICO, ICOVO will develop and open source DAICOVO, which is aligned with the thinking behind DAICO.

In addition, ICOVO will issue OVO tokens, which will be specialized as a currency for procuring ICO investments. OVO is a 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 plans to solve problems by eliminating barriers to the process of participating in ICOs so that anyone can participate. They will be solved through providing the ICOVO App (iOS/Android), which integratesa wallet optimized for ICOs, and ICOVO Web, which will increase usability when participating in ICOs through personal computers.

How does it work?

ICOVO is an ICO support platform based on DAICO called DAICOVO and includes ICOVO Web and ICOVO App. DAICOVO is a smart contract comprises a token contract, a token sale, a pool and a voting contract. These contracts are independent and interact with each other. The project developers will submit the information needed for a token sale contract, a smart contract will be generated and the project will pass to the contribution mode when an investor can purchase ERC20 type tokens with OVO or ETH. Once the token sale is finished and a commission is paid to ICOVO, the team can withdraw the amount of money unlocked according to the smart contract. The project passes to a voting mode when token holders can place proposal or vote for or against placed proposals. In order to prevent fraud, the voting is performed by sending some tokens to a particular address. After the vote is closed the tokens will be returned.

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.

The advantages of the project for investors:
• Investors’ protection against fraud
• KYC/AML procedure of project founders for additional transparency
• ICO projects transparency and creation of standards
• Decentralized token management, decentralized whitepaper storage in IPTF
• Reduce barriers for ICO participation by utilizing once performed stored KYC

ICO and token details

OVO token is a utility token used for various services and purchasing different ICO tokens at 25% discount.

Ticker name: OVO
Token standard: ERC20/ERC223
Total supply: 200 million OVO
Tokens for sale: 210 million OVO
Soft Cap: 5,868 ETH
Hard Cap: 60,360 ETH
Price: 1 OVO = 0.3 USD
Presale date: September 24, 2018, October 08, 2018,
Presale minimum purchase: 100 USD
ICO date:
Phase 1 with 10% bonus: 1 -7 November 2018
Phase 2 with 5% bonus: 9-15 November 2018
Phase 3 with no bonus: 17-30 November 2018
ICO minimum purchase: 50 USD
Payment method: ETH
Unsold tokens will not be issued

ICOVO ICO investors WHO use OVO to buy tokens for comes written on the ICOVO platform get a twenty fifth discount compared to exploitation ETH. as a result of OVO is AN exchange-listed token, its value fluctuates against ETH. For this reason, the speed for the twenty fifth discount against ETH is ready at regardless of the rate is simply before every written project's token sale begins (resulting within the discount rate continued to fluctuate throughout the token sale). additionally, half-hour of the quantity raised by the planners is paid in OVO whereas the remaining seventieth is paid in ETH.

TEAM

Already with extensive experience building innovative projects in the internet infrastructure industry, dining industry, music industry, IoT and AI-related enterprises under his belt, Akihiro Yamase then delved into the blockchain terrain for the next 2 years, thus laying the foundation for ICOVO's vision in 2018.

Service design, UI/UX design, and Creative Professional Iwao Sasaki with experience at both the local and global level, took on Akihiro's vision and designed the overall ICOVO project, undertaking both the creative and management aspects as CDO (Chief Design Officer).

Soon after, Masahiko Kumada, a Singapore-based Financial Professional currently running several innovative global startups, joined the team as CFO (Chief Financial Officer) in order to drive the financial and global development of Akihiro's vision.

Following Masahiko, one of the top engineers driving the blockchain industry, and who won the Best Innovation Award at the Global Blockchain Summit 2016, Yoshikazu Nishimura, became an advocate of Akihiro's vision. Through collaboration with G.U. Lab, of which Yoshikazu is the CEO, he came on board as CTO (Chief Technology Officer) to provide technical support for the ICOVO project in its entirety.

Finally, Oliver Gomm who has experience operating multiple enterprises in Switzerland joined the team, setting up ICOVO's base in Switzerland, handling legal affairs and General management to fully support the back office operations as CAO (Chief Administrative Officer).

The ICOVO team consisting of the five members Akihiro, Iwao, Yoshikazu, Masahiko, and Oliver is structured to deliver phenomenal service at a higher dimension, through a fusion of their dynamic and exceptional expertise.