ICOVO, ICO platform implementing DAICO

Hello, my friends. It is not a secret that the amount of money involved in cryptocurrencies with blockchain technology is more than 500 billion dollars and it grows every day. But the disadvantage of the ICO projects is that they often develop in a different way than they had been planned and sometimes creators of fraud projects escape with our money. The aim of this project is to develop trustworthiness to ICOs.

What is DAICO?

A key principle of ICOVO project is DAICO or Decentralized Autonomous Initial Coin Offering. The developer team sells its tokens during DAICO as it was in ICO. But DAICO is more transparent and safe comparing to ICO. A smart contract is running DAICO that regulates payment issues. It also controls the amount of money that the team can access. The token holders have decision-making right. In case of any needed changes in the project plan, the team places the offer and waits for holders votes. The contract completely excludes the possibility of total fraud. If token holders see the team is not able to perform the objectives, they can initiate a return of remaining funds.

How does it work?

ICOVO is an ICO support platform based on DAICO called DAICOVO and includes ICOVO Web and ICOVO App. DAICOVO is a smart contract comprises a token contract, a token sale, a pool and a voting contract. These contracts are independent and interact with each other. The project developers will submit the information needed for a token sale contract, a smart contract will be generated and the project will pass to the contribution mode when an investor can purchase ERC20 type tokens with OVO or ETH. Once the token sale is finished and a commission is paid to ICOVO, the team can withdraw the amount of money unlocked according to the smart contract. The project passes to a voting mode when token holders can place proposal or vote for or against placed proposals. In order to prevent fraud, the voting is performed by sending some tokens to a particular address. After the vote is closed the tokens will be returned.

ICOVO App and ICOVO Web

ICOVO App is Android and iOS compatible application with ERC20/ERC223 wallet. It allows the project's founders to manage their funds and voting. Token holders can easily invest in different ICO and manage their tokens. The system will not save private keys on its server. ICOVO Web will have a list of all DAICO projects.

The advantages of the project for investors:

• Investors’ protection against fraud
• KYC/AML procedure of project founders for additional transparency
• ICO projects transparency and creation of standards
• Decentralized token management, decentralized whitepaper storage in IPTF
• Reduce barriers for ICO participation by utilizing once performed stored KYC

Advantages for ICO founders:

Founders of ICO receive besides the trust of investors a free service such as design and parameters settlement, token compelling and other. Additional service includes business plan analysis, white paper review and translation to multiple languages, legal check by a Swiss lawyer and press release

ICO and token details

OVO token is a utility token used for various services and purchasing different ICO tokens at 25% discount.
► Ticker name: OVO
► Token standard: ERC20/ERC223
► Total supply: 200 million OVO
► Tokens for sale: 210 million OVO
► Soft Cap: 5,868 ETH
► Hard Cap: 60,360 ETH
► Price: 1 OVO = 0.3 USD
► Presale date: September 24, 2018, October 08, 2018,
► Presale minimum purchase: 100 USD
► ICO date:
Phase 1 with 10% bonus: 1 -7 November 2018
Phase 2 with 5% bonus: 9-15 November 2018
Phase 3 with no bonus: 17-30 November 2018
► ICO minimum purchase: 50 USD
► Payment method: ETH
► Unsold tokens will not be issued
Prepared by Stavri (Bitcointalk Profile) :
https://bitcointalk.org/index.php?action=profile;u=955201
ETH Wallet: 0xf263f99B27E37e97720b9DdaF525B565E18A89c2

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