The world's first ICO platform protecting investors with DAICO
What is ICOVO about?
ICOVO is the world’s first and only ICO platform implementing DAICO 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.
What are the value drivers behind OVO token price?
The OVO token is locked in proportion to the number of project lists increases on the ICOVO Platform, which is the main value driver behind the OVO token price.
The cryptocurrencies that proposed projects listed on the ICOVO platform can use to procure funds are ETH and OVO. Procured funds will be managed by DAICOVO and can be withdrawn by a preset Tap (amount that can be withdrawn per second), though the order of the currency that can be withdrawn is fixed. The mechanism is set up so that ETH shall be withdrawn first, and OVO can be withdrawn only after all ETH has been withdrawn. Thus, OVO will be locked up through DAICOVO to ensure it is not sold immediately in on the market.
What is the value proposition of ICOVO?
Presently, while there are ICO projects that use DAICO, important aspects of DAICO such as the call to vote and voting features, sending transactions to smart contracts, etc. are complex and difficult to use for the average investor. As a result, only blockchain engineers with high tech literacy are using these features. Hurdles to participate in an ICO for non-engineers remain high. This is a big problem for the ICO market.
ICOVO lowers these barriers with its smart contract DAICOVO implemented in the ICOVO App. Based on DAICO, it protects investors and increases transparency (and as a result, leads to higher ICO success rate) by making remaining procured funds refundable with a call to vote and voting feature—all with the easy-to-use user interface of ICOVO App.
The OVO token
The token symbol: OVO
Total Token Supply: 200 000 000 (200 million) OVO
60% of tokens for a total of 120 000 000 (120 million) OVO is available for public sale