O V C O I N

OVCODE Utility Token

ANNOUNCEMENT

OVCode Token Sale has already started at LAToken and will end on December 22, 2018.

OVCode will be listed by the end of December with LAToken.

OVCOIN IS THE UTILITY TOKEN OF THE
OVCODE BLOCKCHAIN INFRASTRUCTURE.

PROFILE

OVCOIN Abbreviation: OVC
Max Supply: 83, 875, 000

TYPE

OVCOIN is an ERC20 token
and has a finite supply.

COMPLIANCE

OVCoin is focused on full regulation compliance, where trust and reliability is its core.

TIMELINE

*Schedule changes are due to additional compliance processes taken to conform to KYC and AML Policies for Switzerland based ICO
*Private sale was extended to open token sale for Switzerland and for the rest of Europe

FAQ

What is the utility of OVCOIN?

OVCOIN or OVC is a utility token and is the only medium of payment for OVCODE transactions.  OVCOIN will be used for the following:

  1. Asset Registration
  2. OVCODE Blockchain Publishing
  3. OVCODE Verification
  4. Advertisement Sponsored Features

OVCOIN is an ERC20 token and has a finite supply.

During registration to OVCODE, the user is created a loadable OVCOIN wallet. Upon completion of function processes, users will be redirected to the payment page and will be prompted to pay via OVCOIN. OVCODE will deduct the payment amount to the user’s OVCOIN wallet. Verification costs are fixed for every publishing institution. OVCOIN payment will be converted to the fixed payment depending on the current OVCOIN market value.

How is OVCOIN Classified?

OVCOIN is classified as a utility token with additional payment token characteristics. Utility tokens are tokens, which are intended to provide access digitally to an application or service by means of a Blockchain-based infrastructure. Payment tokens are tokens, which are intended to be used now or in the future, as a means of payment or acquiring goods or services or as a means of money or value transfer

How are OVCOINS allocated?

What are OVCOIN'S differentiators?

Listed below are OVCOIN Differentiators:

  1. OVCOIN was designed with price stability and low volatility thus there are only 83,875,000 tokens available. A low token volume supply.
  2. OVCOIN is a utility token by design; it is a fundamental component to run the OVCODE infrastructure. OVCOIN’s demand is supported by the OVCODE Blockchain technology platform.
  3. OVCOIN payment for publishing and verification will be constant since OVCODE uses its own private Blockchain network. Other technologies have erratic rate value because their applications are built on top of public Blockchain.
  4. OVCOIN has proven use cases. OVCOIN’s technology is fully running in partnership with Microsoft, the Catholic Church, the Philippine Government, and is continuously growing.
  5. OVCOIN will never split or fork. Stability is the focus of OVCOIN.
  6. The OVCOIN is focused on full compliance based on stringent financial rules and regulation of Switzerland.

How will OVCOIN cope with inflation?

OVCoin will not have any inflation as the OVCoin tokens are pre-mined and no new tokens will be minted. OVCODE has the mines for transaction purposes only not for mining new tokens.

As more transactions are serviced by the OVCODE infrastructure, an increased number of tokens are paid back to OVCODE thus decreasing the total available supply and further deflating the market.

With decreasing supply and increasing demand for OVCODE services, OVCoin is projected to be immune to inflation.