Overview

Ovato digital currency is the first decentralized ecosystem to discover, create and analyze advertising campaigns with social media influencers.

Project stage

Only a whitepaper

Detailed description

With the introduction of a universal token for loyalty-reward, earning, and giving, the Ovato Token provides the perfect solution to the challenges facing today’s loyalty rewards programs. The token, along with its associated applications, will offer both consumers and businesses with a far more compelling proposition and greater incentives to conduct transactions securely, and at signifcantly reduced costs. As a result, the residual value of benefts will be strengthened for all participants. 

Problem

The Problem With Traditional loyalty And Rewards Programs
Traditional loyalty reward programs are costly, imposing significant tax liabilities on operators while offering only a modest value to consumers. This is evidenced by the fact that while loyalty memberships are high, an average of two-thirds of these subscribers are inactive. Although loyalty programs have become expected among consumers, lacking user enthusiasm dilutes the program value for consumers and businesses alike. Conventional loyalty operations are also hampered by the barter economics of the pre-blockchain monetary system.

The Problem  with Conventional  Social Media
There is an increasing awareness among social media users on how social network brands monetize their data, and users are growing frustrated for getting zero compensation for it. As the world becomes increasingly fatter, there is a natural tendency for an increasing desire for these citizen journalists and infuencers to get their share of compensation for their participation.

The Problem  with Giving and Charity
It’s safe to say that most human beings want to give and help the less fortunate and causes that are important to them. However, with centralized charities, 90 percent of donations never actually make it to the intended place. The problem does not originate from nonprofts specifcally, but more from ineffciencies found in centralized organizations that also have no proft incentive to scale. The net resulting percentage of waste is enormous

Solution

With the introduction of a universal token for loyalty-reward, earning, and giving, the Ovato Token provides the perfect solution to the challenges facing today’s loyalty rewards programs. 

The token, along with its associated applications, will offer both consumers and businesses with a far more compelling proposition and greater incentives to conduct transactions securely, and at signifcantly reduced costs. As a result, the residual value of benefts will be strengthened for all participants.

Ovato provides a unique and secure solution on the blockchain using an ERC20 token, and a limited number of tokens will be issued. Distribution of Ovato tokens through mainstream merchants to their existing customer base will create a network effect benefcial to anyone holding them. The current estimated worth of the loyalty reward industry is $65 billion and is forecast to grow to $100 billion by the year 2020.

Features

Security
100% safe escrow transactions based on cryptocurrency tokens.

No barrier to entry
Accessible even for new businesses and influencers at earliest stages of social presence.

Smart partnership
Managed by smart contracts and a decentralized dispute solution.

Precision
Ultimate Results And Smart Planning With Ro And Big Data Analysis.

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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : OVT
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 13,000,000 OVT
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :NA
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, DASH, ETH, LTC,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, South Korea,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Token sale Lot D — Ended
    08 Nov 20:00 UTC
    29 Nov 19:58 UTC
    2. USD No Min 1000 OVT Uncapped 2,000,000 OVT
    Token sale Lot C — Ended
    17 Oct 20:00 UTC
    07 Nov 19:58 UTC
    1.75 USD 12.5% Min 1000 OVT Uncapped 6,000,000 OVT
    Token sale Lot B — Ended
    25 Sep 20:00 UTC
    16 Oct 19:58 UTC
    1.5 USD 25% Min 1000 OVT Uncapped 7,000,000 OVT
    Token sale Lot A — Ended
    03 Sep 20:00 UTC
    24 Sep 19:58 UTC
    0.95 USD 50% Min 1000 OVT Uncapped 5,000,000 OVT
    Private pre-sale — Ended
    01 Mar 00:00 UTC
    NA No - Uncapped Uncapped
    Token sale Lot A

    Discount 50% for the 5000000

    Read more about vesting and bonus
    • Team

      • Seth Kamlet photo
        Seth Kamlet
        CEO
      • Roger Yack photo
        Roger Yack
        Bitovation
      • Sabine Ehrenfeld photo
        Sabine Ehrenfeld
        Corporate Communications
      • Douglas Y. Park photo
        Douglas Y. Park
        Corporate Securities Attorney
      • Raymond Ramy photo
        Raymond Ramy
        Senior Designer
      • Matteau J Stout Esq. photo
        Matteau J Stout Esq.
        Legal
      • Keith Porasky photo
        Keith Porasky
        Strategic Affairs
      • Mark Joseph Morales photo
        Mark Joseph Morales
        Internal Controls
      • Tyler Knowles photo
        Tyler Knowles
        Visual Design
      • Tarek Al-awar photo
        Tarek Al-awar
        Developer
      • Catherine Jason photo
        Catherine Jason
        Full Stack Developer
    • Advisors

      • Ravi Teja
        Data Scientist/Blockchain Developer at Blockchain Technology Malaysia
      • Albert Aimers
        Investor, Advisor and Business Affairs
      • Michael Russo
        Marketing Advisor, Founder Retail Benefits, Inc.
      • Rez Khan
        Ethereum Blockchain Advisory

    Roadmap

    • Since 2016

      Bitovation Formed

    • Early 2016

      Seed Round complete Bitovation

    • Late 2016

      Bitovation Distribution Partners formed

    • 2017

      First quarter Ovato Formed

    • Q1 2018

      Launch of Ovato.com and Bitovation.com

    • Q2 2018

      Completion of All Token Sales A,B,C,D

    • Q3 2018

      Platform release For US, UK, CIS markets

    • Q1-Q2 2019

      Brand awareness active phase worldwide launch

    • Q1 2020

      Continued marketing of the brand

    Activity