ICOs have quickly come to get the most attention within the blockchain and cryptocurrency industries, bringing with them plenty of unexpected opportunities, risks, and challenges. Investors invest in ICOs hoping to get fast and positive returns. Nevertheless, this increase investor enthusiasm has resulted in numerous scams and frauds, especially since the market is unregulated. ICOVO plans on protecting ICOs by solving challenges and obstacles that they face to ensure that anyone can easily participate in ICOs.
What Is ICOVO?
ICOVO is essentially an ICO ecosystem that will act as a reliable source of authentic information. This ICO system will implement DAICO to realize better performing ICOs. The core service will be DAICOVO smart contracts, which were advocated by Vitalik Buterin, the co-founder of Ethereum. The primary aim of ICOVO is to make fundraising efforts through ICOs much better than they are at the moment.
ICOVO’s mission is to successfully expand the current ICO market and get a broader range of investors. To achieve this mission, ICOVO has released a dedicated app for both Android and iOS that integrates the first crypto wallet that is specifically optimized and designed for ICOs. Also, the ICOVO Web platform will help increase usability for clients when taking part in initial coin offerings through desktops on personal computers.
ICOVO Initial Coin Offering App For Free Coins Core Services
The ICOVO ecosystem will include the following critical services:
- DAICOVO smart contracts
- OVO coin
- ICOVO App
- ICOVO Web
ICOVO OVO Token & ICO Details
The OVO coin, which is issued in ICOVO’s ICO, will be used for performing some utility tasks within the platform as highlighted here below:
- OVO will be used for paying for all services that ICOVO offers, including co-working spaces.
- The OVO coin will also be required for exercising voting rights and returning profits to investors among other functions.
- ICO investors will also buy project tokens with a notable 25% discount if they use OVO coin as compared to buying ICO tokens at full price with ETH.
Parameters Of The ICO
- Token: OVO
- Total supply: 200 million tokens
- ICO rate: 1 OVO = $0.3
- Hard cap: 60,360 ETH
- Soft cap: 5,868 ETH
- Funding goal: 33,533 ETH
- Accepted currency: Ethereum (ETH)
- Presale Dates: 24/9/2018 to 8/10/2018, Bonus: 40%
- Crowd Sale Stage 1: 10/10/2018 to 30/10/2018, Bonus: 10%
- Crowd Sale Stage 2: 1/11/2018 to 15/11/2018, Bonus: 5%
- Crowd Sale Stage 3: 17/11/2018 to 30/11/2018, Bonus: 0%
- 17%: Team members
- 23%: Marketing
- 30%: Private sale
- 30%: Crowd sale
- 3%: Working capital
- 5%: Development capital
- 10%: Team members
- 10%: Advertising
- 72%: Marketing capital
ICOVO will create a healthy environment for effective ICOs through three critical ways, including:
- Increasing transparency of ICOs and protecting investors
- Reducing the barriers of entry to ICO participation
- Ensuring project durability for all ICOs within the ICOVO system
With the high growth rate of ICO support services market, ICOVO is strategically positioned to add more value to the crypto industry. From an investor’s perspective, DAICOVO promises to refund any canceled projects, ICOVOs KYC prevents ICO scams, the web app allows easy comparison of different ICOs and the mobile app makes it easier to take part in voting on how the procured funds will be used.