ICOVO
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 Procured funds will be managed by DAICOVO and can be withdrawn by a preset Tap (amount that can be withdrawn per second), though the order of the currency that can be withdrawn is fixed. The mechanism is set up so that ETH shall be withdrawn first, and OVO can be withdrawn only after all ETH has been withdrawn.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.
ICOVO ICO Roadmap
Phase 1
2018 Q1PRODUCT ICOVO Project was started. ICO Platform Implementing DAICO was designed. DAICO DAICOVO which is a customizable smart contract integrating DAICO was designed. PROMOTION Corporate site was opened. Press releases in Switzerland, Singapore Japan were distributed. ICO Preparations for ICO was started.
Phase 2
2018 Q2ICO White List registration, KYC/AML and CrowdSale will be started. APP ICOVO App version 1.0.0 June 22, 2018: Features such as local wallet and Dashboard (KYC/AML, Whitelist registration) implemented. PROMOTION Events in Zug , Tokyo and Singapore will be held. WEB ICOVO Web version 1.0.0 implementation for ICOVO’s Dashboard will be launched.
Phase 3
2018 Q3ICO CrowdSale will be started and OVO token will be listed on exchange. APP ICOVO App version 1.0.5 September 15, 2018: DAICOVO interface, draft, voting features added. PROMOTION ICOVO News Media (icovo.net) will be opened. DAICO DAICOVO version1.1.0 implement of Whitepaper versioning will be launched.
Phase 4
2018 Q4WEB ICOVO Web version 1.2.0 implement of management Mypage for drafter will be launched. APP ICOVO App version 1.2.0 January 1, 2019: Dashboard (Whitepaper explore, ICO project list) and Decentralized Exchange(DEX) integration feature added. PROMOTION Co-working space for innovative blockchain-related startups will be opened in Zug, Switzerland. DAICO DAICO version 1.2.0 implement of parameters setting will be launched.
Phase 5
2019 Q1PRODUCT ICO support service will be started. WEB ICOVO Web version 1.2.1 will be launched. APP ICOVO App version 1.2.1 will be launched. DAICO DAICOVO version 1.2.1 will be launched.
Phase 6
2019 Q2PROMOTION Co-working space for innovative blockchain-related startups will be opened in Tokyo. ICO 6 months hard-lock term’s of token will be ended.10% bonus token will be distributed to OVO token holder.
Phase 7
2019 Q3GLOBALIZATION We will check the situation of country law and start global deployment.
