ICOVO: THIS IS THE WORLD’S FIRST ICO PLATFORM WHICH IMPLEMENTS DAICO
It is no news that ICOs happen to be the cruix of the ecosystem which is necessary for the hatching of innovative start-ups that are blockchain-related.
Healthy ICOs will be greatly supported by ICOVO, ICOVO will create a good future, by making available ICOVO web, ICOVO app as well DAICOVO.
• ICOVO will help to increase the transparency of ICO and investors will as well become protected.
• Barriers will be reduced for the participation of ICO with ICOVO.
• The durability of projects will also be increased with ICOVO.
THE MISSION OF ICOVO.
ICOVO will raise an innovative start-up that is related to the blockchain, this will be done by the provision of an ICO platform called ICOVO.
ICOVO aims to solve problems faced by ICOS.
THE VISION OF ICOVO.
ICOVO will create a global standard for ICO platforms, which could be used for innovative blockchain related start-ups as well as ICO investors.
EXISTING PROBLEMS TO SOLVE.
FROM THE PERSPECTIVE OF ICO INVESTORS.
• The problem: even after ICO projects gets cancelled or frozen, funds are usually not returned.
Available solution: DAICOVO will make a refunding process a possible one.
• The problem: Scam ICO projects are usually difficult to identify.
Available solution: ICOVO requires the disclosure of KYC/AML project process and this can be used as a guide to judge between projects.
• The problem: The usual required passport photograph could easily be falsified with photo editing software.
Available solution: ICOVO application dedicated KYC/AML photo uploader makes it impossible for editing of photos to take place.
• The problem: Different whitepaper formats made available, makes it difficult for adequate comparism of ICO projects.
Available solution: ICOVO web makes available the information that is common to every project in the same format.
• The Problem: It is possible for whitepapers to get tampered with.
Available solution: ICOVO web makes use of blockchain and IPFS, thereby making it impossible for whitepaper to get tampered with, published whitepapers can as well be viewed before ICO even if it has not been saved.
• The Problem: There is a high barrier to entry of ICO investment.
Available solution: Utilizing the ICO application, makes it very easy for people to participate in token sales and in the management of tokens.
• The problem: The process of drafting and voting for things such as DAICO refund is usually a difficult process.
Available solution: ICOVO application makes it convenient and easy for people to participate in the process of drafting and voting on the management of procured funds.
FROM THE PERSPECTIVE OF ICO PROJECT FOUNDERS.
The problem: In order to carry out an ICO, a token issuing system must be developed.
Available solution: Making use of DAICOVO and ICOVO application makes development an unnecessary process.
The problem: In order for an ICO to become a success, it is necessary and mandatory that the trust of the ICO investors are gained.
Available solution: The process of implementing DAICOVO, KYC/AML and the disclosure of the progress of projects as required by ICOVO. Makes it clear that the project is a sincere one and that the project is above board.
The problem: ICO advice are usually required by planners on some occasions.
Available solution: Free consultation service is offered by ICOVO, ranging from the planning of business model down to ICO.
The problem: Planners sometimes do not have the fund to carry out a successful ICO.
Available solution: ICOVO offers assistance in a great way, the initial charge is fixed at 10,000 USD.If the project succeeds, there is a fixed success rate, but if the project fails, o fee will be required beyond the initial charge.
The problem: Planners do not have a system to implement KYC/AML for a large number of ICO investors within a brief period.
Available solution: KYC/AML are implemented by ICOVO on behalf of the planners.
DESCRIBING ICOVO.
ICOVO is going to become the next-generation of global standard for ICO platforms, which is indeed valuable to innovative blockchain related start-ups as well as ICO investors.
DESCRIBING DAICO.
An ethereum co-founder vitalik Buterin on the 6th of July 2018, described DAICO as a model that makes use of a decentralized methods to stop planners from being dishonest while handling the funds raised through ICO.
DESCRIBING IPFS.
IPFS, means Interplanetary File System.
THE ROADMAP.
Q1 2018: ICOVO project started, ICO platform that implements DAICO was designed.
Q2 2018: KYC/AML, and crowd sale will get started.
Q3 2018: The establishment of crowd sale and OVO token will get listed on exchange.
Q4 2018: The web conversion of 1.2.0.
Q1 2019: ICO platform will begin.
Q2 2019: Promoting the platform.
SOURCE
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Authored by: geeboy88
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