ICOVO: A NEW ERA FOR THE ICO PROJECTS

technobody (42)in #icovo • 6 years ago

Hi crypto world, in this article I want to examine ICOVO ICO Project which is going to make a paradigm shift in the cryptocurrency world since its trustworthy ecosystem which will be a platform for investors to invest in new ICO projects.

Nowadays, many people deposit money into the cryptocurrency world. However, we know that this market is still developing in all countries. There are too many confusion and difficulties in this market. A large number of ICOs appear every day, but unfortunately, they are involved in counterfeit projects.

Although ICOs may seem reasonable to buy tokens cheaply, it is always possible to lose all our investments in fake projects. In this confusion and uncertainty in the market, investors need to correct routers to evaluate their money. The ICOVO project that I'm going to talk about in this article is an innovative platform that will help the ICO investments.

ICOVO is the world's first and only ICO platform that will deliver healthy ICOs by ending the current ICO confusion. Countries have made some arrangements to protect their citizens from frauds. However, due to the central structure of ICOs, it is not possible to provide this with country-based regulations. ICOVO's decentralized structure will eliminate the problem of fraud in ICOs.

How Does It Work?

ICOVO is committed to finding solutions to many problems in existing systems. Mainly protecting the ICO investors is the most important goal. This will be done by establishing a fund management system and increasing the transparency of ICO project builders and projects.

The idea comes to the concept of DAICO, presented by the founder of Ethereum, Vitalik Buterin. The other name of the project, DAICOVO, is the name of the smart contract. In ICOs, smart contracts using tokens conforming to the ERC20 standard, enable to limit the amount of funds in case the project is canceled for any reason. So the remaining funds can be returned.

The platform, which guarantees the protection of its investors at all times, will also use KYC / AML for project builders. A new technology will be used to ensure that no changes have been made to the Whitepaper and contracts. The ICOVO App also includes a dashboard, whitepaper viewer, a list of ICO projects integrated with the ICOVO Web, and the installer of Photo IDs. These include the DAICOVO user interface and will have an interface for Decentralized Exchange (DEX) where users can trade their tokens.

Only projects that have previously approved and accept the DAICO concept will be allowed to fund the ecosystem. The platform will also use OVO tokens, a cryptocurrency for discount purchase in ICO investments. OVO Token will be the world's only token specializing in ICO funding tenders.

ICO and Token Information

In the future, it’s planned to integrate all ICO projects into the ICOVO ecosystem. Currently, many ICO projects use Ethereum as the main currency for purchasing, but OVO will benefit ICO investors to participate in projects on the ICOVO platform.

Token type: ERC20 / ERC223
Token: OVO (OH-vo)
Total token amount: 200 million
ICO token price: 1 OVO = 0.3 USD
Soft cap: 5.868 ETH (Reached)
Hard cap: 60.360 ETH
Target: 33.533 ETH

Conclusion:

ICOVO seems to solve the problems by eliminating the barriers to the accession process to the ICOs. According to the information in the roadmap of the project, it will be a great convenience for investors to have a mechanism to demand reimbursement.

The management capability and advanced technological infrastructure obtained from the extensive experience of the platform are promising for the future. Take a close look at this ICO project and ICO platform. Then make your own decision.