ICOVO

ICOVO - The World’s First ICO Platform Implementing DAICO

ICOVO platform brings DAICO to life, proposed by Ethereum co-founder Vitalik to protect ICO investors

Despite regulations tightening up from 2018 all over the world, in just 3 months of the first quarter of 2018, the ICO market reached 5.8 Billion USD — an increase of over 9790% over the previous year (it was 60 Million USD in Q1 of 2017), easily surpassing all of 2017’s market size of 3.9 Billion USD (source).

However, currently there are three main problems with ICOs:

Project founders running off with procured funds

Projects stopping due to a motivation decline in project founders, and High barriers to ICO participation.

ICOVO is the world’s only ICO platform that can solve these three problems.

It will solve the problems of 1) project drafters running away with the procured funds, and 2) projects stopping in development due to decline in motivation of project founders with DAICOVO, KYC/AML, and Whitepaper versioning.

“DAICOVO” is a smart contract based on the concept of DAICO proposed by Ethereum co-founder Vitalik Buterin in January 2018 to protect ICO investors and will be implemented in the ICOVO platform.

Additionally, KYC/AML will be implemented for both investors and project founders, while Whitepaper versioning using IPFS and blockchain will prevent alteration. Only ICO projects that are pre-approved and will implement DAICO will be hosted, and for those projects, ICOVO tokens “OVO” will be issued to get a 25% discount relative to ETH.

The issue of 3) high barriers for ICO participation will be solved through the world’s first ICO-optimized “ICOVO App” and “ICOVO Web”, in place of MyEtherWallet, which can be difficult to use for beginners.

“ICOVO App” and “ICOVO Web” will feature a simple UI that is easy to use for anyone, and includes a wallet conforming to ERC20/ERC223, token purchasing function, and even the mechanism DAICOVO to enable refunds to investor through a voting process — everything needed to participate in an ICO all in one place.

Development started in January of 2018 and despite details about the service yet to be published, offers from ICO project founders who want to hold an ICO on the ICOVO platform have begun flooding in.

MISSION And VISION

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

ICOVO will support a healthy ICO which will make a future by offering ICOVO Web、ICOVO App and DAICOVO. Details are described below in three points.

1.Increase ICO Transparency and Protect Investors

2.Reduce Barriers for ICO Participation

3.Increase Project Durability

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.

Decentralized Token Management

We will create DAICOVO, an original smart contract incorporating DAICO’s fundamental idea of decentralized token management.

We will introduce a system that only allows withdrawals according to the capital demand of a project’s pre-loaded schedule through a Tap system (setting an amount that can be withdrawn per unit of time). This will prevent developers from running off with raised funds.

In the event that an investor notices a problem with the project, they are able to retract their investment that was raised under agreement as a refund.

Decentralized White Paper Versioning

Versioning for White Paper not to be tamperd is managed by InterPlanetary File System (IPFS).

Team Member KYC/AML

We will increase ICO project team member’s transparency by providing ICO project team member’s KYC/AML on ICOVO website in a centralized method.

Visualize Activity Situation

We will increase project transparency by quantifying social media activity and GitHub updates on ICOVO’s website.

Reduce Barriers for ICO Participation

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

Implementing Local Wallet

Implementing a safe local wallet in ICOVO's original ICO-specialized smartphone app, the ICOVO App, helps with understanding the participation process for complicated token sales and managing tokens.

Unifying Formats

ICO project pages and summaries of whitepapers on ICOVO’s website presents information consicely, making it easier to understand for investors. Accessibility is enhanced by offering a summary of all the projects using the same format.

Reducing Labor for KYC

Eliminate the need for ICO investors to do KYC each time they invest. When they participate in ICO project token sales on the ICOVO App, they perform KYC only once as ICOVO will share the information with the ICO project founders.

Increase Project Durability

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 their investment demand milestone.

Fund Acquisition≠Goal

By introducing a system of original smart contracts implementing DAICOVO in which funds can only be withdrawn according to a project’s pre-loaded schedule by Tap (set an amount that can be withdrawn per unit of time), motivation to finish the project founders.

TEAM

Already with extensive experience building innovative projects in the internet infrastructure industry, dining industry, music industry, IoT and AI-related enterprises under his belt, Akihiro Yamase then delved into the blockchain terrain for the next 2 years, thus laying the foundation for ICOVO's vision in 2018.

Service design, UI/UX design, and Creative Professional Iwao Sasaki with experience at both the local and global level, took on Akihiro's vision and designed the overall ICOVO project, undertaking both the creative and management aspects as CDO (Chief Design Officer).

Soon after, Masahiko Kumada, a Singapore-based Financial Professional currently running several innovative global startups, joined the team as CFO (Chief Financial Officer) in order to drive the financial and global development of Akihiro's vision.

Following Masahiko, one of the top engineers driving the blockchain industry, and who won the Best Innovation Award at the Global Blockchain Summit 2016, Yoshikazu Nishimura, became an advocate of Akihiro's vision. Through collaboration with G.U. Lab, of which Yoshikazu is the CEO, he came on board as CTO (Chief Technology Officer) to provide technical support for the ICOVO project in its entirety.

Finally, Oliver Gomm who has experience operating multiple enterprises in Switzerland joined the team, setting up ICOVO's base in Switzerland, handling legal affairs and General management to fully support the back office operations as CAO (Chief Administrative Officer).

The ICOVO team consisting of the five members Akihiro, Iwao, Yoshikazu, Masahiko, and Oliver is structured to deliver phenomenal service at a higher dimension, through a fusion of their dynamic and exceptional expertise.