[ANN][CrowdSale Ended]🌟🌟🌟🌟 NVO Decentralized Exchange | MultiWallet 🌟🌟🌟🌟

[Lauda]

Code:

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256

Hello.

I am one of the escrows for the NVO-ICO. The 2-of-3 multi-signature address for this project will be:
3AiGej11G8jUXvEBPvQKPLiHXC7ruUCp1Z

Lauda,
17/05/2017
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My PGP key:
https://bitcointalk.org/index.php?topic=1159946.msg16464161#msg16464161
Note: The previous address posted is not valid.

[1714968277]

1714968277

[1714968277]

1714968277

[nemgun]

Translation bounty has officially started.

Please visit this post : https://bitcointalk.org/index.php?topic=1922314

[Blazed]

Staked BTC address -> https://bitcointalk.org/index.php?topic=996318.msg10822025#msg10822025 (1BLazedp2eGDrDM3NMbxkn7n4PCCk6WYVX)



Blazed 5/17/2017 I am an escrow for NVO and the following is the multi-sig escrow address 3AiGej11G8jUXvEBPvQKPLiHXC7ruUCp1Z



G2+1a9Uo5GU7Ch3dM/5a3c/b4NHKk2szD8CngvvomARgIVG9d7YtQGwK/ZJUn5QiEEBkK3yfW0RQIpE8g4I0KOY=

[Winner]

It looks like there’s a bunch of people that are interested in this Crowdsale since there’s a bunch of known people doing the Escrow for it. Personally, I won’t invest any money in this project unless I notice any new features released to the public. Not hating on it, the project looks like it could it get really known since the network is Maid-friendly -I just want to invest in things that are worth collecting.

As for a review on the ANN post:

Code:

https://i.imgur.com/GpMToS9.png

The "SLACK" hyperlink does not function properly.
The error:

Code:

https://nvoinvite.herokuapp.com//

Working link should be:

Code:

https://nvoinvite.herokuapp.com/

There was a person that posted on May 14, 2017, 02:18:54 PM who also noticed the error as well, yet the link was not fixed.

Other than that, I hope the crowdfund will be a successful one.

[tonbi]

It looks like there’s a bunch of people that are interested in this Crowdsale since there’s a bunch of known people doing the Escrow for it. Personally, I won’t invest any money in this project unless I notice any new features released to the public. Not hating on it, the project looks like it could it get really known since the network is Maid-friendly -I just want to invest in things that are worth collecting.

As for a review on the ANN post:

https://i.imgur.com/GpMToS9.png

Code:

https://i.imgur.com/GpMToS9.png

The "SLACK" hyperlink does not function properly.
The error:

Code:

https://nvoinvite.herokuapp.com//

Working link should be:

Code:

https://nvoinvite.herokuapp.com/

There was a person that posted on May 14, 2017, 02:18:54 PM who also noticed the error as well, yet the link was not fixed.

Other than that, I hope the crowdfund will be a successful one.

Will get nemgun to fix it. Thanks for your feedback.

[nemgun]

It looks like there’s a bunch of people that are interested in this Crowdsale since there’s a bunch of known people doing the Escrow for it. Personally, I won’t invest any money in this project unless I notice any new features released to the public. Not hating on it, the project looks like it could it get really known since the network is Maid-friendly -I just want to invest in things that are worth collecting.

As for a review on the ANN post:

Code:

https://i.imgur.com/GpMToS9.png

The "SLACK" hyperlink does not function properly.
The error:

Code:

https://nvoinvite.herokuapp.com//

Working link should be:

Code:

https://nvoinvite.herokuapp.com/

There was a person that posted on May 14, 2017, 02:18:54 PM who also noticed the error as well, yet the link was not fixed.

Other than that, I hope the crowdfund will be a successful one.

Thank you, i though he was talking about the slack link into the website, fixed now.

I really do appreciate your feedback. You must know that in order to provide more features, the team must deploy some modules as they will be used to gather and process informations.

Staked BTC address -> https://bitcointalk.org/index.php?topic=996318.msg10822025#msg10822025 (1BLazedp2eGDrDM3NMbxkn7n4PCCk6WYVX)



Blazed 5/17/2017 I am an escrow for NVO and the following is the multi-sig escrow address 3AiGej11G8jUXvEBPvQKPLiHXC7ruUCp1Z



G2+1a9Uo5GU7Ch3dM/5a3c/b4NHKk2szD8CngvvomARgIVG9d7YtQGwK/ZJUn5QiEEBkK3yfW0RQIpE8g4I0KOY=

thank you blazed.

[Wapinter]

Very interesting concept.I like that you are not wasting tokens on bounties.There is no mention in op what benefits will NVO token holders get?Will they get share from revenue earned?

[nemgun]

Very interesting concept.I like that you are not wasting tokens on bounties.There is no mention in op what benefits will NVO token holders get?Will they get share from revenue earned?

Thank you for your support, the NVOS will be the benefits for the NVOT holders/investors. I invite you to read the whitepaper where more details are given. I also posted about this part with a given example :

Let me explain to you why 2 tokens.
NVO Token will represent the market cap of the NVO project.
let's imagine a daily volume on the NVO exchange of : 500.000 USD.
Weekly it is : 3.500.000 USD
Let's say Bob exchanges Bitcoin for Alex's Ethereum.
NVO will take a fee of 0.2% at the moment of the transaction from Bob and from Alex which will result in a total of 0.4% on the transaction.
During a week of trading, NVO will collect 0.4% of the trading volume which is 3.500.000 USD resulting in 14.000 USD.
NVO will keep 7.000 USD, and share 7.000 USD among the  NVOT holders.
In order to get deeply in the details, and know how much an investor will get as a return, let's say that NVO collected 300.000 USD from the crowdsale from 200 investors or bakers.
The average investment by investor would be 1500 USD.
As the weekly collected fees would be 7.000 USD / 200 investors, it would return an average of 35 USD.
In this case, NVO won't have troubles regarding legal stuff as it will process tiny amounts, and won't be forced to be centralized by an authority.
But if NVO does a 5.000.000 USD  volume daily, which is reachable, it would bring 35.000.000 USD weekly volume, 140.000 USD fees collected, and 70.000 USD for the investors which will result in 350 USD weekly for each investor on average. Monthly it would be 1400 USD, and this would attract the attention of the authorities depending from which country the investors are using the wallet.
In order to protect NVO and the investors, the NVO team decided to create the NVOS who's value will be fixed at 0.99$. On the legal plan, as the price of NVOS will be lower then 1$, it's processing will be considered as a gift, which will keep it legal, like faucets.

If you have questions about the volumes, please visit this link : http://coinmarketcap.com/exchanges/volume/24-hour/
You willfind a list of exchanges with their daily volume, you could then have an idea of the future volume of NVO.

[Lauda]

How exactly does this (without me looking into the underlying technicalities) differ from Bitsquare, which claims to be a decentralized Bitcoin exchange? NVO aims to be completely oriented towards coin/coin trades? I would guess that a combination of Bitsequare and NVO could phase out some of the traditional exchanges.
I have never used Bitsequare, thus I haven't really ever done some real research into its setup.

[Taki]

For the record, the sig camp has been announced here: https://bitcointalk.org/index.php?topic=1924265.0;topicseen

And great, OP! This will revolutionize the crypto industry! Downloading the demo as we speak. Question. Will the wallet allow for more altcoins in the future, or are you just sticking with BTC, ETH and XRP?

FWIW, here are the results of the VirusTotal's virus scan for the Mac wallet: https://virustotal.com/en/file/d4729c3e3772e6bf277f1a7d421717987c3444267c9a8c96eac9c08803a8a920/analysis/1495180277/

SHA256:   d4729c3e3772e6bf277f1a7d421717987c3444267c9a8c96eac9c08803a8a920
File name:   NVO Demo Darwin.dmg
Detection ratio:   0 / 55
Analysis date:   2017-05-19 07:51:17 UTC ( 1 minute ago )

This is normal for every startup to start their work with the most prevalent currencies and languages. I suppose in some time they will add everything what people interested about.

[nemgun]

For the record, the sig camp has been announced here: https://bitcointalk.org/index.php?topic=1924265.0;topicseen

And great, OP! This will revolutionize the crypto industry! Downloading the demo as we speak. Question. Will the wallet allow for more altcoins in the future, or are you just sticking with BTC, ETH and XRP?

FWIW, here are the results of the VirusTotal's virus scan for the Mac wallet: https://virustotal.com/en/file/d4729c3e3772e6bf277f1a7d421717987c3444267c9a8c96eac9c08803a8a920/analysis/1495180277/

SHA256:   d4729c3e3772e6bf277f1a7d421717987c3444267c9a8c96eac9c08803a8a920
File name:   NVO Demo Darwin.dmg
Detection ratio:   0 / 55
Analysis date:   2017-05-19 07:51:17 UTC ( 1 minute ago )

Thank you for your support.
Yes the signature campaign started, Edwardard was very puntual, he posted it at the promised time.

As it is a demo, the team wanted to add different coins. For the next releases, they will enable more coins into the wallet and when the plugin system will be done, they will enable support for all the crypto currencies, depending on the available plugins, who will be added by the community.

Thank you for posting the virustotal scan.

How exactly does this (without me looking into the underlying technicalities) differ from Bitsquare, which claims to be a decentralized Bitcoin exchange? NVO aims to be completely oriented towards coin/coin trades? I would guess that a combination of Bitsequare and NVO could phase out some of the traditional exchanges.
I have never used Bitsequare, thus I haven't really ever done some real research into its setup.

That's why I did not work as a university professor, if not I would have put my students to sleep and nobody would have understood anything.
The proof is that I start again.

Yes Bitsquare and NVO are close, so does the other decentralized exchanges. Except that NVO's revolution is that it will be up to the community to decide which coins are going to be traded, not to NVO. The trading fees will be lower as it will consist of the TX fees plus exchange fees of 0.2%.

It is like for Bitcoin, as he won't ask the websites to add him, it is the websites who add Bitcoin as a payment method. That's how the plugin system will enable the support for more coins, the community will add them.

The second revolution is the Validator as it is a solution for decentralized offline trading, which is the main issue with decentralized exchanges, and the main advantage of centralized exchanges.
NVO is like Mac or Linux, while centralized exchanges are like Windows, The developers could understand this comparaison.

Third advantage, NVO won't be able to fake volume as there won't be the possibility to add remote automated trading as the wallet will be the gateway. The centralized platforms use to give an API to remotely trade on their platform, which lets them use shadow bots to fake volumes, while they are covered by TOS as their resposibility is limited.

For the record, the sig camp has been announced here: https://bitcointalk.org/index.php?topic=1924265.0;topicseen

And great, OP! This will revolutionize the crypto industry! Downloading the demo as we speak. Question. Will the wallet allow for more altcoins in the future, or are you just sticking with BTC, ETH and XRP?

FWIW, here are the results of the VirusTotal's virus scan for the Mac wallet: https://virustotal.com/en/file/d4729c3e3772e6bf277f1a7d421717987c3444267c9a8c96eac9c08803a8a920/analysis/1495180277/

SHA256:   d4729c3e3772e6bf277f1a7d421717987c3444267c9a8c96eac9c08803a8a920
File name:   NVO Demo Darwin.dmg
Detection ratio:   0 / 55
Analysis date:   2017-05-19 07:51:17 UTC ( 1 minute ago )

This is normal for every startup to start their work with the most prevalent currencies and languages. I suppose in some time they will add everything what people interested about.

Thanks for your feedback, yes NVO will give the users the possibility to add their favorite coin into the wallet.

[greyskies]

Terrible whitepaper.

Lots of waffle and virtually no details on how it will be implemented. Literally just "we have this validator thingy which will check all the transactions". Amateurish.

I can understand why this project is superior to Waves since that is just another Bitshares semi centralised IOU exchange. But Blocknet which has been in development for two years has atomic decentralised cross chain swaps working already. You can already trade e.g. BTC for LTC completely trust free with no tokens, IOU's, colored coins or intermediaries. You own the assets.

The only thing this project has going for it is that it will be built on the SAFE network. But with very little actual details with how it will be done - probably because the SAFE network is still under a LOT of work and they are changing moving parts all the time.

[greyskies]

Example question, what is the algorithm that trustlessly trades ETH for BTC on this platform? Please detail it step by step. Not something vague like "the validator does it". The actual algorithm.

[tehMoonwalker]

Terrible whitepaper.

Lots of waffle and virtually no details on how it will be implemented. Literally just "we have this validator thingy which will check all the transactions". Amateurish.

I can understand why this project is superior to Waves since that is just another Bitshares semi centralised IOU exchange. But Blocknet which has been in development for two years has atomic decentralised cross chain swaps working already. You can already trade e.g. BTC for LTC completely trust free with no tokens, IOU's, colored coins or intermediaries. You own the assets.

The only thing this project has going for it is that it will be built on the SAFE network. But with very little actual details with how it will be done - probably because the SAFE network is still under a LOT of work and they are changing moving parts all the time.

isnt blocknet y pyramid ponzi?

[greyskies]

isnt blocknet y pyramid ponzi?

Nope.

[nemgun]

Example question, what is the algorithm that trustlessly trades ETH for BTC on this platform? Please detail it step by step. Not something vague like "the validator does it". The actual algorithm.

Terrible whitepaper.

Lots of waffle and virtually no details on how it will be implemented. Literally just "we have this validator thingy which will check all the transactions". Amateurish.

I can understand why this project is superior to Waves since that is just another Bitshares semi centralised IOU exchange. But Blocknet which has been in development for two years has atomic decentralised cross chain swaps working already. You can already trade e.g. BTC for LTC completely trust free with no tokens, IOU's, colored coins or intermediaries. You own the assets.

The only thing this project has going for it is that it will be built on the SAFE network. But with very little actual details with how it will be done - probably because the SAFE network is still under a LOT of work and they are changing moving parts all the time.

Thank for this feedback, this is what i was waiting for since a week.

Let's go step by step :

- User send a trade request.
  an object containing the request details, pairs, amount, value, wallet id (random number to identify the owner), addresses required for the trade

- Trade request received by the validator
  
- Trade request verified  
   Verify addresses balance, existance of pairs.
   public data storage of the request with request id minus wallet id  (private storage)

- List for order matching

- If order matching, process orders
   retreive orders
   verifie balances
   trigger transaction from wallet (wallet sends update request to the validator, who will return a trigger or cancel message)

- receiving signed Txs from wallets

- decode transactions :

   if decoded transactions are valid
   If recipient addresses matches
   if balances match
   if currently transacting
   if TX fees are correct
   if exchange fees are correct
   if no op_return (in case of btc)
   if no data (in case of eth)

- broadcast transactions


These informations are a part of what yani gave me. They don't want to go too deeply into the details of the validator because it is a central component and people have to understand the whitepaper, they will open it's source when he will be finished.

I hope that it helps you to figure it out and that you understand that the validator won't be open sourced, the wallet will be, so does the plugins.

Consider joining slack, there you could talk with the team and ask them directly.

[greyskies]

There's some big warning signs here.

Firstly, it's a decentralised exchange but the key part of the code won't be open source or explained? That's a fail straight away.

Secondly, I'm highly skeptical they have a bullet proof algorithm in place. It looks to me like they are just hoping to raise a ton of money and figure it all out later on - hardly fair on investors. Either that or it's a carbon copy of one of the existing DEX algorithms that are working out in the wild - e.g. Blocknet.

If you guys can't answer questions on how it works, you are not going to inspire shrewd investors to part with their money. Blocknet for example uses check lock time verify to lock up the funds used for the cross chain trading swaps until the transaction is complete. It has anti-ddos measures in place to prevent orderbook spam. People run the service nodes which handle the trading fees, masternodes cost 5000 Block and collect a proportion of the fees. And so on. How do the validators handle all of this?

[tonbi]

There's some big warning signs here.

Firstly, it's a decentralised exchange but the key part of the code won't be open source or explained? That's a fail straight away.

Secondly, I'm highly skeptical they have a bullet proof algorithm in place. It looks to me like they are just hoping to raise a ton of money and figure it all out later on - hardly fair on investors. Either that or it's a carbon copy of one of the existing DEX algorithms that are working out in the wild - e.g. Blocknet.

If you guys can't answer questions on how it works, you are not going to inspire shrewd investors to part with their money. Blocknet for example uses check lock time verify to lock up the funds used for the cross chain trading swaps until the transaction is complete. It has anti-ddos measures in place to prevent orderbook spam. People run the service nodes which handle the trading fees, masternodes cost 5000 Block and collect a proportion of the fees. And so on. How do the validators handle all of this?

Hi most of your questions can be answered if you take a look of the whitepaper which I assume you didn't fully read in details.

Regarding blocknet, it's great there are more decentralized exchanges. I see you are a strong supporter of Blocknet which I assume is also a great project. We prefer it if you go on slack and ask us questions there. You are putting us in a situation that force us to either talk bad about NVO or Blocknet, two different projects, and nothing good could come out of that for both communities. Anyway join us on slack and we will try to answer your question on our side for NVO.

Thanks

[erikalui]

Hindi translation complete: https://bitcointalk.org/index.php?topic=1924652.0

[nemgun]

There's some big warning signs here.

Firstly, it's a decentralised exchange but the key part of the code won't be open source or explained? That's a fail straight away.

Secondly, I'm highly skeptical they have a bullet proof algorithm in place. It looks to me like they are just hoping to raise a ton of money and figure it all out later on - hardly fair on investors. Either that or it's a carbon copy of one of the existing DEX algorithms that are working out in the wild - e.g. Blocknet.

If you guys can't answer questions on how it works, you are not going to inspire shrewd investors to part with their money. Blocknet for example uses check lock time verify to lock up the funds used for the cross chain trading swaps until the transaction is complete. It has anti-ddos measures in place to prevent orderbook spam. People run the service nodes which handle the trading fees, masternodes cost 5000 Block and collect a proportion of the fees. And so on. How do the validators handle all of this?

I appreciate your questions again, if an investor doesn't understand the project he won't invest, you are right on this point. This is why i appreciate your questions because they will go directly to the FAQ.

First, the anti-ddos features are mandatory, nowadays you can't release something on a network without anti-ddos features.
Second, i just had a look at blocknet, it is not that i will say a bad thing about it, but i would look like to. Both projects are totally different, blocknet is a blockchain project, i understand now why you talk about algo. NVO isn't a blockchain, she uses the blockchains, maybe even blocknet can be used, because NVO is a software. Instead of comparing the validator to a blockchain, compare it to a decentralized escrow as by the end of the development, he will work on his own, without the intervention of the NVO team.
A video will be released soon with draws in order to explain the project.

I know their developer very well, i am a developer too, i help them, they are friends. They will use nodeJS mostly for the Validator, maybe some other languages too. Why NodeJS ? Because it is a dynamic language widely supported who have still a lot to deliver.

It is like asking the recipe of coca-cola. I can also tell you that your comparaison with an algorythm isn't exactly how the Validator works, as he will have a lot of other functions, the "algo" is just a segment of the whole machine as the validator will be able to work with multisig addresses in different ways for different purposes.

Once again, NVO isn't a blockchain. And you don't need tokens to use the decentralized exchange.

Thanks again.