What is ICO?
The abbreviation ICO stands for Initial Coin Offering. This is a necessary stage for the launch of a new cryptocurrency, during which tokens are distributed and an initial community of project participants is acquired. The distribution of tokens can be conducted for fiat currency or for another form of cryptocurrency. During the ICO stage, the project receives the first money it needs for its stated purpose. Currently, many cryptocurrency projects pursue goals other than simply launching a new currency for trading: there are cryptocurrency projects devoted to a new research or introduction of a new product, there are communities offering some kind of services. The profit resulting from the ICO stage allows the authors to launch these studies, produce a product or provide a service. Also, these funds can be used to advertise the project in order to acquire new participants.
The ICOVO platform
ICOVO is a project that offers a united platform for ICO. In a sense, it is a cryptocurrency for other cryptocurrencies. The project offers its own OVO token, which is used to raise funds from the distribution of tokens of other crypto-currencies. ICOVO uses the concept of Daico, invented by one of the creators of Ethereum, Vitaliy Buterin, which proposes a global, decentralized form of ICO. Here are the goals of the new project:
- Ensuring the reliability of ICO, reducing the likelihood of fraud when creating new cryptocurrency. The ICOVO project does not cooperate with cryptocurrency crooks and allows to achieve maximum transparency and free availability of information on any ICO;
- Facilitation of ICO. No special requirements are needed in order to carry out these activities on the ICOVO platform.
ICOVO's vision of the future
The creators of the ICOVO project see cryptocurrencies as an innovative technology that allows people to quickly move large amounts of funds without the participation of banks, giving investors the opportunity to change the world. Even now a large number of new business projects are emerging, using cryptocurrencies and pursuing scientific, industrial and a variety of other goals. However, ICO, as a necessary stage in creating a cryptocurrency project, is still not a reliable, transparent undertaking. Some countries prohibit ICO entirely, equating them to fraud; in some countries, ICO exists in the grey legal field. In any case, there were no guarantees or protection of rights in the field of ICO. The ICOVO project intends to change this by providing a reliable, universal mechanism for any ICO.
The ICOVO team
ICOVO is primarily a Japanese project, its creators are a group of businessmen and programmers from Japan. The main project manager is Akihiro Yamase, an experienced manager who previously managed to host providers, food processing companies, sound recording studios. The main programmer of the project is Yoshikazu Nishimura, the creator of several successful crypto projects and wallets for them. The specialist in financial security and investments is Masahiko Kumada, a financier who is known for investing in the medical business, microfinance sphere and other enterprises around the world.
Benefits of ICOVO
How the ICOVO project works
Among the technical solutions used in the ICOVO project are the new technology of smart DAICOVO contracts, the ICOVO purse application and the special OVO token. At the moment, the widely used Ethereum token is used as the main token in the project, however, in the future, the OVO token will be implemented and will overtake Ethereum. OVO is a unique token, which is intended solely for collecting funds in the ICO of other cryptocurrencies.
Telegram Group: https://t.me/icovoco
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4468796.0
Author bitcointalk account: https://bitcointalk.org/index.php?action=profile;u=95863
Author bitcointalk proof post: https://bitcointalk.org/index.php?topic=4995911.msg45859790#msg45859790