ICOVO | ICO Platform Protecting Investors with DAICO

ICOVO could be a one-stop ICO support service providing DAICOVO, a platform for managing the provisionof tokens in ICOs exploitation Ethereum's ERC20/ERC223-compliant DAICO framework, the ICOVO App, which incorporates a case operate that may manage all ERC20/ERC223-compliant tokens, KYC/AML functions for ICO investors, Block Chain and IPFS-based whitepaper versioning, and ICO internet, AN ICO listing web site with ICO project management functions, moreover as different ICO wants like reviews of whitepapers and different documents, legal checks, engineer work from DAICOVO parameter adjustment to readying, and giving all of this on a one-stop basis can reassure ICO investors, lend believability to ICO project founders, and create ICOs additional sound, whereas at a similar time lowering the barrier to entry in ICOs by consolidating the participation method.

In addition to the functions needed by ICO project founders like supplying, selling, and managing distinctivetokens, DAICOVO offers sensible contracts optimized for ICOs adopting the DAICO model. For ICO project founders WHO use DAICOVO to try to to their ICO on ICOVO internet, all of the desired work, as well astoken style, DAICOVO parameter setting, compilation, and readying, is free.

ICOVO's iOS/Android-compatible smartphone app(ICOVO case in iOS and ICOVO case and in Android) could be a native and internet hybrid. It includes the world's 1st (as of Jan 2018) native case that may simplymanage ICO list info and every one ERC20/ERC223-compliant tokens. it's compatible with DAICOVO and comes with functions that permit project founders to simply draft and conduct choice on fund management.

Using the ICOVO App eliminates the necessity for project founders holding ICOs through ICOVO to develop new wallets or prepare third-party wallets for his or her tokens. It conjointly uses its own dedicated KYC/AML picture uploader, that prevents change of state with passport photos and selfies. we tend to designed it in conjunction with ICOVO internet, imagery that ICO project whitepapers are going to be scan on ICOVO internet and investment done through the ICOVO App, however the app is absolutely optimized for ICOs, giving everything from whitepaper viewing, KYC, token buying, and account management to drafting and choice associated with fund management. Also, it's the interface for localized Exchange(DEX) whereverusers will trade their tokens.

The core of the DAICOVO smart contract is vote, that protects investors from fraud. so as to reduce the danger of vote manipulation, we tend to implement 3 security measures.

The first is a per-person cap in token sales. Concentration of tokens results in concentration of political power. Thus, we tend to came upon a limit on the amount of tokens everybody should purchase. The second is vote by a deposit. think about the case wherever, once a vote is formed with some specific tokens throughout a vote amount, a similar tokens square measure sent to other accounts so it's statistically tough to trace them from the first address. a similar tokens might then be accustomed vote multiple times and wield additional vote power than they ought to be in a position to. so as to stop this kind of Sybil attack, we tend to need voters to deposit their tokens at a particular address, which is able to come tokens to their original address when the vote amount. Lastly, we tend to set a limit on the amount that a faucetare often raised. It’s still potential for malicious token issuers to win over investors to vote for his or herproposal and lift a faucet the maximum amount as potential so they'll run away with their cash. so as to stop this malicious act, a faucet won't be in a position to be raised over double.