ICOVO (OVO) ICO Review and Rating

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 Procured funds will be managed by DAICOVO and can be withdrawn by a preset Tap (amount that can be withdrawn per second), though the order of the currency that can be withdrawn is fixed. The mechanism is set up so that ETH shall be withdrawn first, and OVO can be withdrawn only after all ETH has been withdrawn.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 Review and Analysis

Review and analysis of ICOVO by ICO analysts:

Strengths

The project has easily readable whitepaper and very concrete roadmap with enough detail
Great benefits to all ICO investors globally would be provided by the project if it is successfully implemented and adopted due to the DAICOVO model, that would help bring transparency and responsibility to ICO projects
The project has established a strong community support with 18k Telegram members and 15k Twitter followers

Potential concerns

Not all team members have professionally crafted LinkedIn profiles and some of them are poorly connected
The project emphasizes 3800% growth in total ICO funds procured from 2016 to 2017, which doesn’t realistically seem too relevant for ICO growth development during 2018
The project has not announced partnerships on the website at the time of the review

ICOVO ICO Rating: BBB

ICOVO rating breakdown by ICO analysts - Learn more about the rating and grading here

Rating category	How to evaluate	Rating
Team legitimity	How experienced is the team in terms of blockchain and project industry track records?	3.25
First Impression	What kind of first impression the ICO website and whitepaper gives?	3.25
Potential of tokenization model	How appealing is the token from both project business and ICO investor's point of view?	3.55
Hard Cap	Is the hard cap of the ICO appealing from investor's point of view?	3.75
Token allocation + Fund allocation	How are the tokens allocated after token generation? How are the funds raised from the ICO going to be distributed in moving forward with the project?	4
Professionalism of the available material	How good are the marketing materials of the ICO?	3.35
Realism of the roadmap compared to the team size and budget	The roadmap is divided into 4 tiers according to different amounts of money raised	3.7
Partnership network	Has the ICO announced partnerships, if so how big and credible companies are they?	1
Background of the managing organization	Has the managing organization a successful track record in business?	NA
Size of social media communities	How big are social media communities, especially Telegram and Twitter following?	4.25
Reviews on other ICO sites and media	Are there other reviews of the ICO available?	4.25
Is it easy to find the relevant information from the provided materials?	Is it easy to find the relevant information from the provided materials?	4

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
End ICO token price: 1 OVO = 0.3 USD

ICOVO ICO Roadmap

Phase 1

2018 Q1

PRODUCT 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 Q2

ICO 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 Q3

ICO 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 Q4

WEB 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 Q1

PRODUCT 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 Q2

PROMOTION 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.