ICOVO - The World’s First ICO Platform Implementing DAICO

Executive Summary

ICOs are at the crux of the ecosystem necessary for hatching innovative blockchain-related startups.

ICOVO will support healthy ICOs, which will create the future, by offering ICOVO

Web, ICOVO App, and DAICOVO.

Details are described in the three points below :

Increase ICO Transparency and Protect Investors:

We aim to protect ICO investors by introducing a fundraising management system and increasing the transparency of ICO project founders as well as the projects themselves.

Reduce Barriers for ICO Participation:

We will create a better investment environment and reduce barriers to ICO participation by unifying the investment process and the format for information disclosure.

Increase Project Durability:

We will sustain project founders' motivation for product release and increase project durability by introducing a system in which project founders can only withdraw tokens according to the Tap (an amount that can be withdrawn per unit of time).

What is ICOVO ???

ICOVO is the world’s first 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,visit https://icovo.co/ more information.

What is DAICO?

Since the first ICO of Ethereum on Sep 2, 2014, ICOs have been killing it as a new, democratic and open way to raise funds. For example, early this year, LoopX(a peer to peer trading platform) raised approximately 4.5 million dollars. If you were in a world of a crypto, this might not sound impressive. But this is still significant considering our traditional fund raising schemes. ICO fundraising surpassed angel & seed stage Internet VC funding globally as of July 18th, 2017 already.

ICOVO App

Service Overview and Organization

ICOVO is the world’s first and only ICO platform 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.

With the mission of having all ICOs use DAICO, we will develop and open source DAICOVO, which is aligned with the thinking behind DAICO.In addition, we will issue OVO tokens, which will be specialized as a currency for procuring ICO investments.Ethereum, which has a high distribution amount and is universal, is currently used as the main currency for procurement, but we will provide benefits for ICO investors for using OVO for participating in projects on the ICOVO platform.

OVO is the world’s only token specialized for ICO fund procurement. Its value increases the more sound ICOs are undertaken on the ICOVO platform, so OVO will serve as a symbol and index of the health of the ICO environment.In addition to creating a healthy ICO environment with DAICOVO and OVO as its core, ICOVO has as its mission to expand the range of ICO investors and the ICO market itself. ICOVO will solve problems by eliminating barriers to the process of participating in ICOs so that anyone can easily participate.

They will be solved through providing ICOVO App (iOS/Android), which integrates the world’s only wallet optimized for ICOs, and ICOVO Web, which will increase usability when participating in ICOs through personal computers.Through the provision of its four services – DAICOVO, OVO, ICOVO App, and ICOVO Web – ICOVO will build an ecosystem for reliable blockchain-related startups.

DAICOVO: Smart contracts implementing the DAICO model

ICOVO App: A smartphone app featuring a wallet optimized for ICOs

ICOVO's iOS/Android features a multi-token multi-account wallet compatible with ETH and ERC20 tokens based on the safe private wallet, Wallet format with the purpose of enhancing security by storing the private key only in the mobile device not online, that has been released and is already in use by many, Tachyon, developed from scratch by our CTO Nishimura.

ICOVO App have the one stop solution for investors and project founders. Project founder don't need to develop it anymore,to read more about the following Whitepaper https://icovo.co/whitepaper/20180831_wp_service_en.pdf

ICOVO App also have dashboard features,KYC/AML,Whitelist registration, Whitepaper viewer,ICO project list integrates with ICOVO Web and Photo ID uploader.Furthermore it include DAICOVO user interface and has the interface for Decentralized Exchange(DEX) where users can trade their tokens.

ICOVO Web: An ICO listing site with thorough ICO investor protections

ICOVO Web is a website for ICO project founders to list their ICOs for investors. It thoroughly protects ICO investors and lists only ICO projects that comply with ICOVO requirements. The criteria for listing on ICOVO are the utilization of DAICOVO, planner KYC/AML as required by ICOVO, and disclosure of the progress of the project.

The biggest feature is whitepaper versioning using IPFS. All the whitepapers of ICO projects listed on ICOVO Web are managed by IPFS and Block chain. Whitepaper versioning through IPFS storage and block chain makes it impossible to tamper with whitepapers later on. This means that even if investors fail to download the whitepaper before the ICO or lose it, they can always verify whether the project is proceeding according to the original whitepaper, and if it is not, they can draft and vote to have their money refunded.

The KYC required by ICOVO, which includes passport-based ID verification and AML, applies not only to the investors but also to the ICO project founders. Furthermore, in order to increase the transparency of ICO project activity, ICOVO shares the state of progress on the project by quantifying and displaying the project's use of GitHub, social media, and other major tools.

ICOVO also requires a uniform format for certain essential whitepaper items so that each ICO project planner's whitepaper can be read in a unified format. The ICOVO App is synchronized with the ICO list information and bookmark function so that ICO investors can achieve participation all in one place.

We also provide ICO project founders with a white-label dashboard for investors including a referral program, airdrop program, KYC/AML and more.

Mission and Vission