ICOVO — The World’s First ICO Platform Implementing DAICO
Hello dear friends , I want to tell you about a very promising project called ICOVO ,the project is worthy of attention and it is very necessary for the world of cryptocurrencies, so read carefully and do not hesitate to ask questions ! All an enjoyable read my good readers !
Service Overview and Organization
ICOVO is the world’s first and only ICO platform that can actualize healthy ICOs. The core of its service is the DAICOVO smart contract, which is based on the concept of DAICO, which was advocated by Ethereum co-founder Vitalik Buterin in January 2018.
Each country’s government is advancing regulation in order to create a healthy environment for ICOs, but this is difficult to achieve for borderless ICOs using only centralized regulation.
We will solve fraud and decrease in project motivation — the problems raised by ICOs — through the decentralized approach of DAICO.
With the mission of having all ICOs use DAICO, we will develop and open source DAICOVO, which is aligned with the thinking behind DAICO.
In addition, we will issue OVO tokens, which will be specialized as a currency for procuring ICO investments.
Ethereum, which has a high distribution amount and is universal, is currently used as the main currency for procurement, but we will provide benefits for ICO investors for using OVO for participating in projects on the ICOVO platform.
OVO is the world’s only 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 will solve problems by eliminating barriers to the process of participating in ICOs so that anyone can easily participate. They will be solved through providing ICOVO App (iOS/Android), which integrates the world’s only wallet optimized for ICOs, and ICOVO Web, which will increase usability when participating in ICOs through personal computers.
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.
ICOVO Web: An ICO listing site with thorough ICO investor protections
1 ICOVO Web is a website for ICO project founders to list their ICOs for investors. It thoroughly protects ICO investors and lists only ICO projects that comply with ICOVO requirements. The criteria for listing on ICOVO are the utilization of DAICOVO, planner KYC/AML as required by ICOVO, and disclosure of the progress of the project.
2 The biggest feature is whitepaper versioning using IPFS. All the whitepapers of ICO projects listed on ICOVO Web are managed by IPFS and Block chain. Whitepaper versioning through IPFS storage and block chain makes it impossible to tamper with whitepapers later on. This means that even if investors fail to download the whitepaper before the ICO or lose it, they can always verify whether the project is proceeding according to the original whitepaper, and if it is not, they can draft and vote to have their money refunded.
3 The KYC required by ICOVO, which includes passport-based ID verification and AML, applies not only to the investors but also to the ICO project founders. Furthermore, in order to increase the transparency of ICO project activity, ICOVO shares the state of progress on the project by quantifying and displaying the project’s use of GitHub, social media, and other major tools.
4 ICOVO also requires a uniform format for certain essential whitepaper items so that each ICO project planner’s whitepaper can be read in a unified format. The ICOVO App is synchronized with the ICO list information and bookmark function so that ICO investors can achieve participation all in one place.
5 We also provide ICO project founders with a white-label dashboard for investors including a referral program, airdrop program, KYC/AML and more.
MISSION & VISION
ICOs are at the crux of the ecosystem necessary for hatching innovative
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.
- Increase ICO Transparency and Protect Investors
- Reduce Barriers for ICO Participation
- Increase Project Durability
1 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.
1 We will create DAICOVO, an original smart contract incorporating DAICO’s fundamental idea of decentralized token management.
2 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.
3 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.
2 Reduce Barriers for ICO Participation
Create a better investment environment and reduce barriers
to ICO participation by unifying the investment process and the format for information disclosure.
- Implementing Local Wallet — Implementing a safe local wallet in ICOVO’s original ICO-specialized smartphone app, the ICOVO App, helps with understanding the participation process for complicated token sales and managing tokens.
- Unifying Formats — ICO project pages and summaries of whitepapers on ICOVO’s website presents information consicely, making it easier to understand for investors. Accessibility is enhanced by offering a summary of all the projects using the same format.
- Reducing labor for KYC — Eliminate the need for ICO investors to do KYC each time they invest. When they participate in ICO project token sales on the ICOVO App, they perform KYC only once as ICOVO will share the information with the ICO project founders.
3 Increase Project Durability
Sustain project founders’ motivation for product release and increase project durability by introducing a system in which project founders can only withdraw tokens according to their investment demand milestone.
Fund acquisition≠Goal — By introducing a system of original smart contracts implementing DAICOVO in which funds can only be withdrawn according to a project’s pre-loaded schedule by Tap (set an amount that can be withdrawn per unit of time), motivation to finish the project founders.
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.
This is all I wanted to describe to you , I recommend everyone to study white paper and join the social activity of the project and watch the news , they themselves made sure that the project is very necessary for the crypto industry , so here are additional links for you to study , all before new meetings !
Web — https://icovo.co/
Twitter — https://twitter.com/ICOVOCO
Whitepaper — https://icovo.co/whitepaper/20180831_wp_service_en.pdf
Telegram — https://t.me/icovoco
Reddit — https://www.reddit.com/r/ICOVO/
Facebook — https://www.facebook.com/icovoco/
ANN — https://bitcointalk.org/index.php?topic=4468796.0
My bitcointalk — https://bitcointalk.org/index.php?action=profile;u=2001334