3 Reasons Why You Better Choose
ICOVO Bounty Program
ICOVO is an ICO platform with an investor protection mechanism. It makes the ICO environment healthier by utilizing DAICOVO smart contracts, which implements the DAICO concept, and an ICO optimized Wallet, the ICOVO App.
People should choose projects with concepts or products that are a first in the world and relationships with influencers in the industry.
The ICOVO project is the world’s first project to implement the DAICO concept proposed by Vitalik Buterin, co-founder of Ethereum, to enable anyone and everyone to use DAICO through a user interface designed for easy usage by non-technical users.
People should choose projects not only with an idea but also with a complete product, or at least at the MVP stage or alpha version stage.
46% of the projects in 2018, Q1 only had ideas. Even if people have skills to come up with a great idea, nobody knows if they are capable of achieving it. ICOVO has a highly skilled development team, and already released commercial versions of their products.
|ICOVO Web||Complete||Complete||On going|
People should choose projects that thinks carefully about token circulation control design, especially to decrease its circulation amount in the market.
Some tokens only have the functionality for substitution by Ethereum and Bitcoin. Those tokens have no demand from the market and its value will not increase. Some tokens will increase its supply amount by its nature, and those tokens tend to decrease its value.
OVO can be used for purchasing other tokens issued by projects on the ICOVO platform. At the rate of Ether on the market, OVO can be used as a 25% discount coupon. Investors prefer to use OVO over Ether when it comes to investing in projects on our platform. We applied the following 3 mechanisms to lower the OVO circulation amount.
- Hard Lockup
52 million tokens that cannot be sold immediately.
- Soft Lockup
10% Free distribution of OVO tokens to token holders that hold on to OVO for 6 months or 1 year
- OVO Tokens Locked Up Through DAICOVO
OVO is locked in proportion to the number of project list increases on the ICOVO Platform.
The mechanism is set up so that ETH shall be withdrawn first, and OVO can be withdrawn only after all ETH has been withdrawn.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 on the market.