ICOVO ICO
What is ICOVO?
At the same time, we will make the ICOVO framework the global
standard by proposing a new, centralized-decentralized
hybrid management framework to central governments around the world currently seeking to develop healthy ICO
environments through centralized methods.
Service Overview and Organization
ICOVO is a one-stop ICO support service providing DAICOVO, a
platform for managing the issuance of
tokens in ICOs using Ethereum's ERC20/ERC223-compliant DAICO framework, the
ICOVO App, which includes a wallet function that can manage all
ERC20/ERC223-compliant tokens, KYC/AML functions for ICO investors, Block Chain
and IPFS-based whitepaper versioning, and ICO Web, an ICO listing site with ICO project management
functions, as well as other ICO necessities such as reviews of whitepapers and other documents,
legal checks, engineer work from DAICOVO parameter adjustment to deployment, and Offering all of
this on a one-stop basis will reassure ICO investors, lend credibility to ICO
project founders, and make ICOs more sound, while at the same time lowering the
barrier to entry in ICOs by consolidating the participation process (see figure
below).
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.*1 DAICOVO is already available as a
open-source software. (https://github.com/icovo/DAICOVO)
ICOVO App: A smartphone app featuring a wallet optimized for ICOs
ICOVO's iOS/Android-compatible smartphone app(ICOVO Wallet in iOS
and ICOVO Wallet PLUS in Android) is a native and web hybrid. It includes the
world's first (as of January 2018) local wallet that can easily manage ICO list
information and all ERC20/ERC223-compliant tokens. It is compatible with
DAICOVO and comes with functions that allow project founders to easily draft
and conduct voting on fund management.
Mission: “No ICO, No Future”
ICOs are at the very core of the ecosystem necessary for hatching
innovative, blockchain-related startups. This mechanism for the future must not
be crushed, but rather carefully preserved.
Cryptocurrency allows for impossibly vast amount of wealth to be
moved, giving these investors the power
to change society. As a result, the next generation of young investors with
flexible thinking and deep understanding
of technology have emerged. Their funds are invested in “innovative blockchain-related start-ups”. As such, ICO is
not a run-of-the mill fundraising tool, but an essential piece in creating an ecosystem incubating
innovative blockchain-related start-ups that will create the future.
We must not prematurely crush this future-creating instrument on grounds
of lack of investor protections, or need
to perpetuate governments’ central authority. ICOVO will incubate “innovative
blockchain-related startups” by providing an ICO platform “ICOVO” that aims to solve problems that ICOs face.
Vision: Global Standard for ICO Platforms
Create a global standard for ICO platforms for innovative
blockchainrelated startups and ICO investors.
1.
Propel ICOs
Protect ICO investors and reinvigorate ICOs themselves by
increasing the transparency of the management of funds raised through ICOs,
project founders, and projects themselves.
2.
Reduce Barriers for ICO Participation
Increase ICO participation and accessibility by making the
investment process and the format of information disclosure uniform across the
board.
3.
Improve project durability
By allowing project founders to withdraw procured funds only within
their capital-raising timeline and once certain milestones have been reached,
motivation to release products is sustained.
Current Problems to Solve
Problem: Even if the ICO project is canceled or frozen, funds are
not returned.
Solution: Using DAICOVO makes refunding possible.
Problem: It is difficult to identify scam ICO projects.
Solution: KYC/AML and project progress disclosure as required by
ICOVO can be used as a guide for judgment.
Problem: A passport photographed for KYC can easily be falsified
with photo editing software.
Solution: The ICOVO App's dedicated KYC/AML photo uploader prevents
photo editing.
Problem: Different whitepaper formats make it difficult to compare
ICO projects.
Solution: ICOVO Web provides the information common to all the
projects in the same format.
Problem: Whitepapers can be tampered with.
Solution: ICOVO Web uses Blockchain and IPFS to make it impossible
to tamper with the whitepaper, so you can always view the whitepaper published
before the ICO even if you didn't save it.
Problem: ICO investment has a high barrier to entry.
Solution: The ICOVO App is optimized for ICO tokens, so using it
makes it easy to participate in token sales and manage tokens.
Problem: It is difficult to draft and vote for things such as a
DAICO refund.
Solution: The ICOVO App makes it easy to participate in drafting
and voting on the management of procured funds.
Roadmap
Team
For More
Information;
Website : https://icovo.co/
Twitter : https://twitter.com/ICOVOCO
Telegram : https://t.me/icovoco
Author :
Ardiansaja
0x42698392A96EF9DB4bC17bc8bd3852Bf89418b4f
