Blockchain Technology has sparked substantial interest in recent years with a central focus being on the decentralized payment systems. A lot of interest in Blockchain Technology has been attributed to its merits of distributed ledger, value transfer, and resilience to fraudulent activities.
In a sense, the application of smart contracts has led to increasing decentralization and democratization of contractual relationships, effectively leaving no place for the interpretation of the fine-prints in the agreements and generating dramatic cost advantages. Because of this, there has been arising in various tokenized investment platforms such as currency trading, venture capital funds and other tokens that are pegged on assets such as gold and fiat currencies.
Among the various concept of the blockchain technology is the invention of ICO, a process through which new blockchain startups can raise funds for project development easily.
An initial coin offering (ICO) is when a blockchain project sells some of their token to early investors in order to raise capital for the development of that project. Early investors are usually offered bonus incentives, in one form or another. ICOs are popular with investors as they can be very profitable, but historically there have been a number of significant issues with ICOs. It’s with this scene in mind that ICOVO has emerged to provide an end-to-end solution that makes it east and safe for investors to take part in ICOs and stress-free for token issuers to hold them. The main aim of ICOVO is to clean up the ICO space and eliminate the pain points and bad practice that have become the norm.
A research conducted by many cryptocurrency enthusiasts shows that only 8% of ICOs progress to trade on the market (another area which ICOVO cover as ICOs it hosts get listed on its exchange). Furthermore, an additional 6% of ICOs were found to have failed, which means they raised money but not as much as required. In these cases, the investors were refunded. You start to see why ICO Mission Control is so important. ICOs on ICOVO platform will be all thoroughly vetted to ensure they are legitimate projects with a vision for real-world use case, meaning ICO investors on the platform will not have to endure another ICO nightmare.
Cryptocurrency investments can be hazardous, especially to newcomers. There is a lot to learn, and even if you are cautious, sometimes things can go wrong that are out of your control. It’s important to make wise decisions. At ICOVO, the security of the investors is the major priority, and the platform work to ensure the funds are safe.
ICOVO is the world’s first ICO platform and ecosystem and has the goal to fill a gap that the ICO rush has created. ICOVO is NOT another cryptocurrency exchange, but more like a platform for tokens that have been selected because they are likely to appreciate and are part of projects that have a high chance of success. The objective is to increase the likelihood that a buyer will participate in a successful ICO and experience return on their investment.
ICOVO platform provides the opportunity to access ICOs that have been vetted by investment experts and would otherwise be out of reach, with the ease of having a single point of entry into the market for several different tokens. In a normal process, any potential buyer must create a profile and go through KYC procedures for each specific ICO they wish to invest in before it is listed on an exchange. An ever-bigger obstacle for investors is that the best ICOs often never go public, making them unavailable to 95% of the crypto community that is not going to conventions or meetings to participate in ICOs. Finally, ICOVO will help investors choose which ICO to invest in based on fundamentals and experience, overcoming another huge barrier which most investors fail to surpass.
THE TOKEN SYSTEMOVO token is a utility token used for various services and purchasing different ICO tokens at 25% discount. ICO investors who use OVO to purchase tokens for projects drafted on the ICOVO platform get a 25% discount compared to using ETH. OVO is an exchange-listed token, its price fluctuates against ETH, for this reason, the rate for the 25% discount against ETH is set at whatever the rate is just before each drafted project’s token sale begins (resulting in the discount rate continuing to fluctuate throughout the token sale).
Name: OVO Token
Token type: ERC20/ERC223
Symbol: OVO
Total supply: 200,000,000
ICO price: 1 OVO = 0.3 USD
Decimals: 10
Token Sale Soft Cap (Reached): 5,868 ETH
Token Sale Hard Cap: 60,360 ETH
Token Sale Target: 33,533 ETH
THE ROADMAP
THE TEAM MEMBERS
FOR MORE INFORMATION, VISIT THE OFFICIAL LINKS: Websites:
https://icovo.co/ Medium:
https://medium.com/icovo Whitepaper:
https://icovo.co/whitepaper/20180831_wp_service_en.pdf Twitter:
https://twitter.com/ICOVOCO Facebook:
https://www.facebook.com/icovoco/ Telegram:
https://t.me/icovoco Reddit:
https://www.reddit.com/r/ICOVO/ Article By :Username: Crypticidris
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Topic: (ANN) ICOVO - A NEW DIMENSION FOR ICO INVESTMENT. (Read 4375 times)