ziyad07: ICOVO

ICOVO is the first and only ICO platform in the world that can actualize healthy ICOs. The essence of the service is the DAICOVO smart contract, which is based on the DAICO concept, which was advocated by the co-founder Ethereum Vitalik Buterin in January 2018.

Every government has developed regulations to create a healthy environment for ICOs, but this is difficult to achieve for unlimited ICOs only by using centralized regulation.

We will solve project fraud and decrease motivation - issues raised by the ICO - through the decentralized DAICO approach.

ICOVO includes the following services: DAICOVO platform for running DAICOs, ICOVO applications that include wallets, KYC / AML functions, blockchain management, and IPFS. The project also offers an ICO website that will allow ICO lists and will provide recommendations from the project team.

Project advisor:

Dr. Tom Frey - Legal Counsel. Partnered at Baumgartner Mächler Rechtsanwälte AG. Tom is also a senior lawyer at Baumgartner Mächler Lawyers Ltd.
Quek Li Fei - Legal Counsel. Partnered at Colin Ng & Partners.

Project partner:

Alchemy Baru - a security audit company;
CoinDeal - the exchange platform for cryptocurrency.

This project is basically a platform that facilitates the running of the DAICO campaign, as well as consulting and investment activities. This platform has a mobile application interface for DAICO (proposals and voting)

Project strength:

the market isn't too competitive.
the market is growing fast.
the project has an experienced team.

Project weaknesses:

The absence of MVP, but with the project code, available on GitHub. According to the DAICO interface integrated application team, it will be released on June 22.
there are no strategic partners.

According to Ernst & Young, the total amount of funds collected by ICO has exceeded $ 3.7 billion, which is double the amount of venture investment. Moreover, this market trend is expected to continue. In accordance with their Global Crowdfunding Market report, crowdfunding market is projected to grow at 26.87% CAGR from 2016 to 2020.

According to figures provided by Ernst & Young, the total funding withdrawn by the ICO now reaches $ 4 billion, double the amount of venture capital invested in blockchain startups. This figure includes $ 0.5 billion that the Chinese government requires companies to return to investors at the time of their ICO ban.

According to ICOBox, the company that provides ICO services, in Q3 about 80% of all startup investments are obtained from large investors, especially Chinese private investment funds, hedge funds, and venture companies specializing in cryptocurrency. The rest comes from retail investors.

According to the team's analysis, the ICO market grew by 3800% during the period from 2016 to 2017. The value of 2017 was $ 3.7 billion. As for the number of ICOs, in 2017 there were five more crowdfunding campaigns in 2016. The increasing number also increased: In 2016 the ICO attracted $ 2.1 million, in 2017 this number increased seven times and the amount collected exceeded $ 15.7 million.

At the same time, the market for ICO support services is also growing; according to team projections, the value will reach $ 771.5 trillion in 2021.

Coinet (CFP) - a platform that allows innovation technology projects to find investors or run DAICO campaigns specifically to raise funds for their development.
Coincrowd - a protocol for running DAICO.
The Renitheum - protocol for running DAICO..

This project is based on blockchain technology and uses smart contracts. DAICOVO's smart contract consists of four individual intelligent contracts: A sign purchase contract, a sign sale contract, a token issuance contract and a voting contract.

These contracts will function as follows:

Mode of contribution. "All token publishers must provide the following information about their tokens: name, symbol, decimal number, amount of inventory, hard cover, sales schedule, sales model, close per person, initial funds, and tap. After learning this information, Investors will be able to purchase these tokens by transferring ETH or OVO to the address of the smart contract.The ICOVO application wallet will enable them to invest and manage the assets they have purchased.The wallet can generate an unlimited number of addresses (public and private key pairs).
Voting Mode ". After transferring the ICOVO fee to the address of the smart contract, the token issuer will be able to withdraw the proposed funds. The token holder will have the right to submit a proposal and the right to vote. There are two types of proposals that can be made - increase the tap or self-destruction of the contract .

ICOVO is a versatile ICO support service that includes the following elements:

DAICOVO platform. This allows issuance of tokens for ICO purposes using compatible DAICO ERC20 / ERC223 platforms.
ICOVO web. This is an ICO list website that offers the following services: Documentation reviews, legal checks, technical support from DAICOVO parameter adjustments for deployment, and distribution of British, Japanese, German, and Italian press releases in Switzerland, Japan and Singapore.
ICOVO application. It offers the following functions:

wallet to manage compatible ERC20 / ERC223 tokens.
KYC / AML for ICO investors and project founders.
Whitepaper version on IPFS and blockchain.
voting feature is available for investors.

This project uses the latest technology that has proven effective.

Technical road map

The team plans to further develop the technology, collect the data needed and then apply the following solutions:

Q2 2018: ICOVO App release version 1.0.0, wallet, Dashboard for photo ID uploads, and ICOVO Web version 1.0.0.
Q3 2018: release of ICOVO App version 1.1.0, DAICOVO version 1.1.0.
Q4 2018: release of ICOVO Web version 1.2.0, ICOVO App version 1.2.0 with listing options, DAICO version 1.2.0 with parameter adjustment options.
Q1 2019: launch of the ICO platform, ICOVO Web version 1.2.1, ICOVO App version 1.2.1, DAICOVO version 1.2.1.

The OVO token is a utility token that can be used as a payment tool on the platform. This can also be used for investments with discounts, to pay fees, access services, etc.

Tokens and capital distribution

Tokens and funds will be allocated as follows: