ICO Analysis: ICOVO
Published on September 8, 2018
By Daniel Won
Proof: https://hacked.com/ico-analysis-icovo/TeamCTO Yoshikazu Nishimura: Nishimura was a senior consultant at Oracle.
CAO Oliver Gomm: Gomm is a former relationship manager at Man Investments, an active investment management company.
VerdictBelow is a breakdown of the risks and growth potential of ICOVO.
Risks As almost all features can be used without owning OVO tokens, there is none to only a few reasons to have them. (-1.5)
The team seems too ambitious, planning to have a mobile wallet, a decentralized exchange and a DAICO platform in the future. Given the size of the team, it would be better if they have focused solely on the DAICO implementation. (-1)
Growth Potential Any successful implementation of DAICO would be definitely huge. (+4)
Thanks to the strict requirements to be listed on the platform, almost all projects there will be trustworthy. (+2)
DispositionInitial coin offerings are an extremely risky part of the cryptocurrency market. Although making investments in solid projects might yield high returns, the investor always should be cautious. ICOVO’s implementation of DAICOs aims to keep the project founders’ behavior under control by restricting their freedom on project tokens in an automated manner, ensuring investors’ protection. However, investing in the ICO seems questionable due to lack of real use case for OVO tokens and poor token metrics. It might be better to wait it out for the release of ICOVO’s platform, which might allow for more trustworthy ICO investment and management. ICOVO receives a 3.5/10.
Investment Details
Type: ERC20 – Utility
Symbol: OVO
Platform: Ethereum
Crowdsale: November 1st
Minimum Investment: $50
Price: $0.3
Hard Cap: 60,360 ETH
Payments Accepted: ETH
Restricted from Participating: Unspecified