With a view to optimizing cryptocurrency storage and transaction, IOV is a project based on the Blockchain Name Service, or BNS, providing users with a short and memorable address instead of a regular long series of characters and numbers. Another product offered is the BCP which links all the blockchains to help transactions run smoothly. There is also the IOV Wallet - the "magic wallet" that can store and transact all types of cryptocurrencies.

Homepage: : https://www.iov.one/

Type of ICO: Infrastructure, problem-solution

Harcap: 25 million EUR.

Softcap: 2 million EUR.

Sale is divided into 3 stages:

Stage 0: Presale ( open for sale to advisors, partners and investors)

Time: late March to late June

Price: 0.08 EUR

Stage 1: Presale (open for sale to investors)

Time: early July to mid-August

Price: 0.09 EUR

Stage 2: Public sale (everyone)

Time: late August

Price: 0.10 EUR

The amount of Token provided at each stage will depend on the success of the sale. The maximum is 417 million Token, divided into 65% for all three sales and 35% is distributed in the following ways: 12% of the company, 3% of the bonus, 20% for the founders, advisors, and staff.

Originating Idea:BNS (Blockchain Name service)Based on the vital role of DNS ( Domain Name System) for the Internet usage, IOV has set up Blockchain Name Service (BNS) in order to empower the next generation of blockchains.This is the first application of DNS in Blockchain. The DNS server links a variety of information with the domain name attached to them, allowing users to use the domain to find out information they need to know. It is a system that ensures the process of accessing and storing information on the provider's websites in a convenient and easy way for users to seek the information. For blockchain, BNS will provide users with their own IP address, instead of blockchain address. Meanwhile, IOV will have a full list of all types of blockchains to guarantee that the token creators know their tokens and blockchains can be easily converted by any user. BNS is based on a proof-of-stake consensus mechanism that includes Tendermint, a modern PBX algorithm (Practical Byzantine Fault Tolerance). This algorithm helps to increase transaction productivity. With this mechanism, there will not be any third party participated in collecting fees of transaction. This small part of transaction fee will only be available to Internet network protectors.

BCP (Blockchain Communication Protocol).

The Blockchain Communication Protocol, abbreviated as BCP, enables the access in a standard way. This is a standard set conducted by the blockchains to exchange global values easily. Because the blockchain technology is still new, there are some limitations in terms of its extension. There is no global standard in how each blockchain is created and reduces the interoperability.



IOV will offer a development set to create a new blockchain, implementing the Blockchain Communication Protocol (BCP) with seamless experience. Although some blockchain may require modification to implement Blockchain communication, the system is designed to be backward compatible with many existing chains. By this way, these chains can execute the BCP protocol without breaking any transaction lines. BCP has Backend written in two of the most popular programming languages, Golang and Nodejs. Frontend is built on the basis of the highly interactive Reactjs. By deploying the Blockchain Communication Protocol (BCP), IOV Wallet will become the first wallet to be able to send, receive and exchange any digital currency from a sole value address.

Wallet IOV, the first compliant BCP wallet, offers a number of benefits: Human readable Address: While traditional value address ​​(eg: 17Rts7fvY9Co2kja4DirzAbFX57j858yfx) is difficult to remember as well as transmit and easy to make errors, BNS introduces easy-to-remember and easy-to-share addresses like isabella * iov.value. Interoperability of the blockchain wallet: nowadays, the interoperability of blockchain is practically non-existent. If users want to move values ​​via chains, they must move the token into a neutral exchange, conduct transactions on the exchange’s ledger, and then withdraw the new asset on a new chain. That is costly, time-consuming and risky process. While users deal with multiple digital currencies and tokens forced to manage different wallets, IOV Wallet promotes BNS to operate on blockchains deploying BCP. It allows users to search, check and transfer values ​​on different blockchain networks on the same human address. Atomic cross swap: IOV wallet will allow safe exchange of tokens between BPC wallets. This will open the door to a whole new exchange world. Any token of any blockchain involving in BCP ecosystems will be instantly transacted without exchange, third party or derivative work.

Development team:

Isabella Dell

Co-founder, influential leader in the Blockchain industry. Former Director of Architects Systems, first technical staff at LISK.

Karim Ganem

Co-Founder, Award Winning Entrepreneur with over 15-year experience. Publishers and philanthropists.

Antoine Herzog

Co-Founder, Award Winner in the blockchain industry. Received a patent. An open source collaborator and founder of Cercle.co and a composer.

Ethan Frey

Main developer of Polymath software. Many years of experience building auxiliary systems for web applications in multiple languages. The 3rd engineer in Cosmos building SDK, and fine-tuning the IBC protocol.

Benjamin Simatos

Strategic Officer with 10-year international experience from Goldman Sachs and JPMorgan. Financial engineer and economist. Won the boat race around the world.

Clarissa Gindri

Community Management. A journalist and content creator. Communication strategy and community management. Besides, the team still have an intention to recruit more.

Roadmap:

The IOV system is planned according to goals: 4 phases

Phase 1: POC1 (Proof of Concept) is scheduled for April 2018, including:

• Full technical description of the Blockchain Communication Protocol

• Testnet with 2 blockchains conducted with the implementation of a part of the Blockchain communication protocol (deposit, users’ address)

• The first working prototype of the IOV electronic wallet demonstrates a primary function, such as sending / receiving different tokens from a wallet made with BCP deployed in part.

Phase 2: POC2 is scheduled for July 2018 including:

• Testnet with 2 blockchains conduct with full implementation of Blockchain Communication Protocol

• The first prototype of the Blockchain Name Service consists of registration and update token definitions

• The second working prototype of the IOV electronic wallet shows enhanced function, such as exchanging Token A for Token B with atomic across swap with human value address

• Simple combination is the evidence of the website for the atomic cross swaps.

Phase 3:

Adding security and usability to achieve the ready phase of production: Frontend, Backend, Dev Ops, Partners.

Phase 4:

The first production release aims at the end of 2018 along with the conversion of the ITC Code of the ERC20 into an IOV. The token is active on the Blockchain Name Service. In addition, IOV will be able to connect any blockchains that implement the Blockchain Communication Protocol.

Community:

Telegram: 3 959 members

Linkedin: 49 followers

Twitter: 388 followers

Youtube: 47 subcribers

Medium: 89 followers

Reddit

Icogens’s assessment:

In terms of ​​the project’s idea: IOV aims to optimize the exchange of any kind of value without any third party through providing an IOV wallet, which enables to have an access to countless blockchain to create, send, receive or exchange any kind of value. At the moment, this is a relatively new idea in the decentralized Blockchain technology. However, this is not an essential function that cryptocurrency investors must have.

Web Design: Beautiful, clear website, perfect color combination which optimizes for users whether on the desktop or mobile interface.

Team: IOV gathers managers, co-founders with many years of experience. This is also a very strong team with both financial and blockchain experience. In addition, some of the co-founders have extensive experience with Dev, such as Isabella Dell, Antoine Herzog, and Ethan Frey.

Points to consider: Because IOV offers high token level for Bounties (free) (3%), while the majority of other projects offers only 0-2%. As a result, the initial investors may confront the case that the token price will be affected because another 3% of the bounties hit the market with low prices.

Overall, this idea is relatively good, but compared to high harcap, it will not attract investors

Rate by Icogens.com

HYPE RISK ROI TERM ICOGENS' SCORE MEDIUM LOW LOW SHORT NEUTRAL

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HYPE: is defined as the level of concern over a project and its FOMO. This score is based on the number of people joining a project’s social channels such as Reddit, Telegram, Twitter, Facebook, Bitcointalk, Medium or Slack as well as the number of review articles produced by the third party.

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Source: icogens.com