The Initial Coin Offering (ICO) is a fund-raising mechanism by startup companies that use blockchain technology. When the ICO, investors buy tokens or crypto coins that can later be used in the startup platform, or traded on the exchange. In 2018 more and more startups are conducting ICOs which are estimated to raise at least $ 6.198 billion according to icowatchlist.com. In response, ICOVO plans to launch a platform to facilitate investors and startups to manage ICOs.
Disclaimer: The author is neither a blockchain programmer nor an investment consultant. The author does not recommend nor is responsible for the profits or losses of investment in this ICO. This article is only limited to information, not financial advice.
The ICO sector is growing very rapidly in 2017-2018. Unfortunately, this development is not supported by regulations or platforms that guarantee the funds collected are used properly. More and more cases of fraud and embezzlement cause anxiety for investors who want to participate. As a result, economic growth using the tokenomics concept is hampered.The author notes that there are various problems that arise as a result of this ICO, namely:
ICOVO comes from the words ICO and OVO (egg), which confirms that this platform is an incubator platform for startup companies. ICOVO uses the DAICO (Decentralized Autonomous Initial Coin Offering) concept suggested by Vitalik in January 2018. Further information about DAICO can be found at https://cointelegraph.com/explained/what-is-a-daico-explained. The point is that DAICO makes ICO safer because:
The ICOVO platform consists of three main parts:
The ICOVO interface allows Investors to obtain valid information regarding whitepapers, teams, prospectuses, and make the investment process in ICO easier. The ICOVO platform uses the OVO token, the ethereum ERC20 token used by the ICOVO platform to vote and invest in ICOs.Investors can buy this token for 0.3 USD during the token sale.
This project has a product prototype that you can download on Google Play and the App Store. Currently this application only functions as an Ethereum wallet, but various features will be added according to the project timeline.
This is the most important factor in assessing ICOVO as a serious project. The author looks at the members of the ICOVO team using genuine identities. This can be seen from the videos published on Youtube, as well as their social media. Moreover, the team is actively participating in the blockchain conference.
Currently the use of digital currency is still limited to speculation and investment tools. Therefore, a platform to facilitate ICO is a simple and very relevant business model. This project has no risk as high as projects that are too futuristic, for example artificial intelligence projects.
The DAICO concept from ICOVO will be able to revolutionize the ICO process
This project has very bright prospects because it can really solve the actual problems. This platform will enable the implementation of a safer, more accountable and decentralized ICO. However, of course everything depends on the timing, adoption and competence of the developer team to build a quality platform.After doing a simple research, this ICO taste writer is NOT a scam, because:
Bitcointalk Profile Account: https://bitcointalk.org/index.php?action=profile;u=1004946
