ICOVO | ICO Platform Protecting Investors with DAICO

download (2).jpeg Initial coin offering (ICO) is a type of fund raising for new or upcoming coin or tokens in cryptocurrency. ICO is only available over a stated period of time by the token developer which investor have chances of participating in the sale by buying the token . After investors has purchased the token the developers the send the amount of token worth to them. And after the funds raised will be used for the coin development. ICO has created an enormous positive impact on the crypto market getting it more users and investors but ever since late last year ICO has become a way of scamming investors. Projects developer has made ICO a business. Has research shows that 80% of ICO event in last last year and early this year were scams, and every single ico raising millions of dollars each. This has become a huge loss by ico investors making them loss their money and also creating a bad reputation for the crypto world. The crypto community has since then made some certain strategies to solve this problem but non is solving this problem. ICOs can't be stopped but rather improved because it is very necessary for hatching innovative, blockchain-related startups. This is why ICOVO is here to develop the ICO ecosystem and grant investors confident in the ICO they want to partake in, in this way investors won't have to loss to ICO.

ICOVO is the world’s first and only ICO platform that can actualize healthy ICOs using the DAICOVO smart contract. This smart contract is based on the concept of DAICO which was designed and developed by Vitalik Buterin Ethereum co-founder in January 2018. The aim of ICOVO is to solve the issue of scam/fraud in ICOs and make it healthy for any one to invest in ICOs. DAICOVO was created to solve the problem of fraud which won't allow ICO creators to run away with investors fund, this smart contract is designed to handle this Issue and this is how it works, When ICOVO technology noticed any problem with the project ICO investors can easily retract their money from it. This technology will make the ICO ecosystem more transparent and efficient. Project team will also have to signup their kyc and details about their ICO on the ICOVO platform before they are accepted.

Furthermore, investors won't have to partake in kyc every time they want to participate in ICO because investors will only need to register their kyc once on the ICOVO platform and will be used for every ICO they partake in. The reason for this is protect and secure investors data, many ICOs today requires for kyc and at they end of the day they end up selling users data to third parties which is really bad. With the ICOVO implementation investors data will be more secured and won't spread across to any third-party.
ICO period is another problem, most project team today keep extending days to the initial stated period which has become a usual strategy to make more money for themselves. With ICOVO ico stated period will be the period of time when the ico will be sold and it won't be extended.

Another problem is restrictions, lots of investors are sometimes restricted to participate in some ico due to they aren't resident of the project country but with ICOVO every investors can partake in the listed ico which will render investors more advantages to the current state of ico. The ICOVO technology will also make investor to easily search and view for any ICO originated from their country. Also the features of the project will also be seen by the investor so as to read and understand if they should participate or not. In order to make all this work ICOVO will feature all this listed below with the DAICOVO smart contract.

ICOVO APP
This app is built by the icovo team which is compatible with iOS and Android smartphones. The app is built to help investors track listed ICOs on the ICOVO platform. The app also features wallet which users can keep their ERC20 and ERC23 tokens, tokens purchased by investors will be automatically stored in the wallet , it's fully secured and built with a friendly user interface to enable users get easy access around it. The wallet will support more cryptocurrency as time goes on. The app is available for download on both Android and iOS appstore.

ICOVO WEB
This is where all the actions takes place, project funders will have to read criteria for listing on the platform and have to accept the terms and conditions applicable to it. It is also where investors can see and read about the ICO details and also partake in it. Whitepaper will also be fully secure and investors can download it to read more about the project ICO they want to Participate. The website will also feature a poll section where investors can vote to get their refund if they find out any problem or not interested in the ICO.

OVO
This is ICOVO token and it's solely to be used on the ICOVO web to purchase token from listed ICOs, investors get 25% discount when ever they use OVO to purchase token on the Icovo web compared to using ETH. The token will also be traded on top exchanges and will be paired with ETH.

TOKEN INFORMATION

Ticker: OVO

Total supply: 200 million

Price: 1 OVO = 0.30 USD

Type: Utility-token

Soft cap: 5,868 ETH

Hard cap: 60,360 ETH

Token distribution

30% - team members and contributors

30% - marketing

23% - closed sale

17% - presale and crowd sale