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Author Topic: [ANN][CrowdSale Ended]🌟🌟🌟🌟 NVO Decentralized Exchange | MultiWallet 🌟🌟🌟🌟  (Read 169920 times)
samysamy1
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June 04, 2017, 07:46:44 PM
 #501

when will the crowdsale finishes ?


You can find that information on the website. It will finish on the 26th/27th of June.

I'm not sure if people have noticed yet or not, but 3 more currencies have been added: DASH, ETC and DOGE.

I see you skipped Nem
FlamingFingers
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June 04, 2017, 07:47:21 PM
 #502

There are many DEX, the coins and what is the difference?
Decentralized exchanges are needed, and it would be nice to see how they replacing Trex and Polo.
Lauda as an escrow for this campaign : I love it. <3
I have to invest in it, because it will greatly improve the security of exchanging with decentralized funds.
Yes indeed Lauda is scambuster and most trusted member of this forum, so if he is involved as escrow, then this project is to be trusted.

Did anyone contact Lauda, minerjones or Blazed to verify?

Lauda posted just above your post, i don't understand what you want to say, there are signed messages on the OP of blazed, minerjones and Lauda.

Ok thanks, sorry what are signed messages?
Signed messages are a feature in bitcoin desktop wallets mostly (and a few online wallets like Coinbase). When you sign a message, you are proving that you are the true owner of that wallet/address. Three escrows for this project's crowdsale have signed messages to prove that they are responsible of the funds of NVO's crowdsale (look at the announcement post).

Being that those escrows are Lauda, Blazed, and MinerJones — the most trusted escrows on this forum — gives this project a privilege of secured funds.

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samysamy1
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June 04, 2017, 07:55:46 PM
 #503

There are many DEX, the coins and what is the difference?
Decentralized exchanges are needed, and it would be nice to see how they replacing Trex and Polo.
Lauda as an escrow for this campaign : I love it. <3
I have to invest in it, because it will greatly improve the security of exchanging with decentralized funds.
Yes indeed Lauda is scambuster and most trusted member of this forum, so if he is involved as escrow, then this project is to be trusted.

Did anyone contact Lauda, minerjones or Blazed to verify?

Lauda posted just above your post, i don't understand what you want to say, there are signed messages on the OP of blazed, minerjones and Lauda.

Ok thanks, sorry what are signed messages?
Signed messages are a feature in bitcoin desktop wallets mostly (and a few online wallets like Coinbase). When you sign a message, you are proving that you are the true owner of that wallet/address. Three escrows for this project's crowdsale have signed messages to prove that they are responsible of the funds of NVO's crowdsale (look at the announcement post).

Being that those escrows are Lauda, Blazed, and MinerJones — the most trusted escrows on this forum — gives this project a privilege of secured funds.

Thank you for your explanation.
samysamy1
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June 04, 2017, 07:59:25 PM
 #504

As I imagine, decentralized exchanges are not very popular.
Because there doesn't exist a truly decentralized exchange that is fully functional (or at least in a way described by NVO)? Something which does not exist can not be popular.

What is the specific advantage of this project?
Just read this post: https://bitcointalk.org/index.php?topic=1917456.msg19224158#msg19224158 (both mine and the user that quoted me).

Maybe you should create a comparison list of decentralized exchanges (e.g. Bitshares, Waves) in the first post and why you believe NVO will succeed compared to those.

samysamy1
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June 04, 2017, 08:02:39 PM
 #505

Maybe an idea: Try to create an exchange with a similar look and feel like Polo and Trex (like a white background, tools etc). I don't like the dark colors, sorry.
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June 04, 2017, 08:28:01 PM
 #506

I see this Project doesn't use regulary promotions to attract investors, hoping the NVO crowdsale will succeed soon

I do not know what type of regular promotion are you looking for but as of May 19, 2017, NVO has a signature campaign here in the forum. I believe that this is a regular type of promotion that undoubtedly attracts investors. Not just the advertisement via signature campaign but also the project itself attract investors.

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Wipro
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June 05, 2017, 03:21:30 AM
 #507

I see this Project doesn't use regulary promotions to attract investors, hoping the NVO crowdsale will succeed soon

I do not know what type of regular promotion are you looking for but as of May 19, 2017, NVO has a signature campaign here in the forum. I believe that this is a regular type of promotion that undoubtedly attracts investors. Not just the advertisement via signature campaign but also the project itself attract investors.

Even signature code has been updated recently as multiple option has been implemented in the project. Investors no need to worry about to part of this crowdsale project. You can find in op trusted escrows has been involved in this project. You have lauda, in that list. Therefore, you can't find a falsification at all, so don't mind about it invest it.
Wind_FURY
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June 05, 2017, 06:49:24 AM
 #508

How does NVO intend to compete with centralized exchanges in attracting users? I ask because we have seen Bitsquare for quite some time now and still it has not gained enough volume to be considered competitive vs. their centralized counterparts.

But I like the project and it is something that we need very badly especially in these times when exchanges get hacked and BTC stolen. I also believe the SEC might start clamping down on the centalized exchanges soon.

May NVO gain the traction it needs to be successful.


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LEEMEEGO
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June 05, 2017, 07:08:26 AM
 #509

I see this Project doesn't use regulary promotions to attract investors, hoping the NVO crowdsale will succeed soon

they already have signature campaign which help them promote their crowdsale..
but i think if they have a twitter campaign will be much better. since the advantage of having a twitter is that we will be able to spread the word for different people and not like the signature campaign that we only attract who is inside the forum.

i think it will be better if they do it so. it can possibly increase their investors.

just suggesting though Smiley
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June 05, 2017, 10:37:07 AM
Last edit: June 06, 2017, 03:21:39 AM by mattermaster
 #510

Plainly, i would like to say my quotes were ever adviseable to people and when i recommend a crypto  exchange, i feel contemplative about people that may lost their money.
But, i believe the security here on New Venture Opportunities  as you promised to keep customer's security!

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June 05, 2017, 05:42:57 PM
 #511

Hi! i send bitcoin from my btc-e.com account Sad will i have problem of reciving NVOT now Huh
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June 05, 2017, 05:45:25 PM
 #512

Hi! i send bitcoin from my btc-e.com account Sad will i have problem of reciving NVOT now Huh
Why would you do something like that? Did you not read anything written on the website before investing Huh You can't receive tokens if you've invested from an exchange, online service or similar. If you fail to resolve this with the team in time, you will lose your tokens. Join the Slack team.

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June 05, 2017, 06:47:42 PM
 #513

Hi! i send bitcoin from my btc-e.com account Sad will i have problem of reciving NVOT now Huh
Why would you do something like that? Did you not read anything written on the website before investing Huh You can't receive tokens if you've invested from an exchange, online service or similar. If you fail to resolve this with the team in time, you will lose your tokens. Join the Slack team.

f*ck  Cry
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June 05, 2017, 09:16:40 PM
 #514

Hi,

When importing the NVOT private keys later on, what happens if also other bitcoins still at that address ?
So, should the address be empty (after sending the crowdsale portion out), or can it contain "other bitcoins" also ?

Thanks
samysamy1
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June 05, 2017, 10:15:40 PM
 #515

I see this Project doesn't use regulary promotions to attract investors, hoping the NVO crowdsale will succeed soon

I do not know what type of regular promotion are you looking for but as of May 19, 2017, NVO has a signature campaign here in the forum. I believe that this is a regular type of promotion that undoubtedly attracts investors. Not just the advertisement via signature campaign but also the project itself attract investors.

Just found a big banner on coinmarketcap. Check it out. Is that enough promotion for you?
nemgun (OP)
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June 05, 2017, 10:30:13 PM
 #516

Hi! i send bitcoin from my btc-e.com account Sad will i have problem of reciving NVOT now Huh
Why would you do something like that? Did you not read anything written on the website before investing Huh You can't receive tokens if you've invested from an exchange, online service or similar. If you fail to resolve this with the team in time, you will lose your tokens. Join the Slack team.

f*ck  Cry

No problem, we will be able to solve that after the crowdsale, can you please join slack, we are working on setting up a process to sort these isssues.



Hi,

When importing the NVOT private keys later on, what happens if also other bitcoins still at that address ?
So, should the address be empty (after sending the crowdsale portion out), or can it contain "other bitcoins" also ?

Thanks


Nothing will happen to your bitcoins as they are compliant with NVOT and counterparty assets, you will see both balances in the same address.


I see this Project doesn't use regulary promotions to attract investors, hoping the NVO crowdsale will succeed soon

I do not know what type of regular promotion are you looking for but as of May 19, 2017, NVO has a signature campaign here in the forum. I believe that this is a regular type of promotion that undoubtedly attracts investors. Not just the advertisement via signature campaign but also the project itself attract investors.

Just found a big banner on coinmarketcap. Check it out. Is that enough promotion for you?


Yes, it is one of the project's promotions.
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June 05, 2017, 11:58:22 PM
 #517

If you aren't using atomic trading how can you possibly claim decentralized exchange? Otherwise parties can just double spend. There was no mention of double spend or atomic trade in the whitepaper please explain. Users can double spend by simply mining their own transactions. If you use an escrow account then it is not decentralized either because that allows a 2 of 3 collusion attack. And 2 of 2 accounts require microtrading. What protocol is being proposed here?
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June 06, 2017, 12:00:36 AM
 #518

Is this project uncapped? So from my understanding, when the ICO closes, 15M tokens will be distributed based on the % of your contribution to the funding pool.

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Technologov
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June 06, 2017, 12:16:38 AM
Last edit: June 06, 2017, 01:39:01 AM by Technologov
 #519

"Apollo777": Correct.

1. How do you plan to distribute dividends on Bitcoin/Counterparty network ?

Think about it for a moment. Assume 10,000 investors, means that you will need to do 10k Bitcoin transactions (and pay $20,000; $2/tx) just to distribute the dividends.

...When each transactions costs $2.
Maybe it's smarter to find a way to do it without relying on over-crowded Bitcoin network ? (based on Ethereum or Ethereum classic, or some other network)
After all there is a good reason why StorJ coins migrated from Bitcoin/Counterparty to Ethereum.

2. Double-spend attacks that "dzimbeck" mentioned

Another way to double-spend Bitcoin is to use zero-confirmation RBF - Request-by-Fee (and send transaction to self with a higher fee).
Bitcoin miners will pick-up a tx with higher fee, even if arrived *later*.
How do you plan to deal with it ?
A safe BTC transaction requires 6 confirmations, but I don't see how-to achieve it in this case of decentralized exchange.

Dash has a good solution, called "Instant Send", which locks-in zero-conf transactions instantly, and guarantees money delivery. Bitcoin, sadly, cannot.
nemgun (OP)
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June 06, 2017, 01:22:32 AM
 #520

If you aren't using atomic trading how can you possibly claim decentralized exchange? Otherwise parties can just double spend. There was no mention of double spend or atomic trade in the whitepaper please explain. Users can double spend by simply mining their own transactions. If you use an escrow account then it is not decentralized either because that allows a 2 of 3 collusion attack. And 2 of 2 accounts require microtrading. What protocol is being proposed here?


Thank you for this interesting question, i hope the answer will satisfy your demand.


The validator will be hosted on a decentralized distributed storage platform (SafeNetwork) which will provide a lot of possibilities to solve issues related to live and offline trading. As an example, using multisignature addresses doesn't means centralizing the process as it will be done by a user and a decentralized process hosted into a decentralized ecosystem.

As i said, it is just one of the many possible sollutions, as they are ranging from soft, to extreme degree.

You can also check this link : https://en.bitcoin.it/wiki/Atomic_cross-chain_trading

There is an interesting solution to the atomic trading issues you talked about.

Rest assured that the team will never release a trading pair if they are not sure about the security of the process.



"Apollo777": Correct.

1. How do you plan to distribute dividends on Bitcoin/Counterparty network ?

Think about it for a moment. Assume 10,000 investors, means that you will need to do 10k Bitcoin transactions (and pay $20,000; $2/tx) just to distribute the dividends.

...When each transactions costs $2.
Maybe it's smarter to find a way to do it without relying on over-crowded Bitcoin network ? (based on Ethereum or Ethereum classic, or some other network)
After all there is a good reason why StorJ coins migrated from Bitcoin/Counterparty to Ethereum.

2. Double-spend attacks that "dzimbeck" mentioned

Another way to double-spend Bitcoin is to use zero-confirmation RBF - Request-by-Fee (and send transaction to self with a higher fee).
Bitcoin miners will pick-up a tx with higher fee, even if arrived *later*.
How do you plan to deal with it ?
A safe BTC transaction requires 6 confirmations, but I don't see how-to achieve it in this case of decentralized exchange.


Thanks for the question.

There is a section in the whitepaper who explains how this part will be handled, when you withdraw from poloniexw, or other similar services, they don't broadcast a trasaction right away. Instead, they group them, and send a single transaction. This is how the distribution is going to be processed and it can be done as long as the TX size is lower then the block size. From there, you can create a single transaction with several outputs and pay a marginal fee.

This is one of the situations where the validator is handy, because he will ensure that you won't attempt to realise such operations, as he will check (several times) the informations sent by the users and process them in order to allow a trading, and the usage of multisignatures, smart contracts, LN channels would be also a part of the sollution.

As i already sead, NVO doesn't want to compete against other decentralized exchanges, or centralized exchanges, NVO aims at using the technologies provided by the multiple blockchains to create an as safe as possible environment for trading, and to provide a multi crypto wallet with as much "functions" as possible while giving the possibility to its users to choose what function they want to include into their wallet.


Is this project uncapped? So from my understanding, when the ICO closes, 15M tokens will be distributed based on the % of your contribution to the funding pool.

Yes the project is uncaped, and there is no price for the NVOTokens, at the end of the crowdsale, the contributions will be calculated and evaluated, every participant will receive a proportional amount of NVOT.
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