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

[papajamba]

Backing up this crowdsale too. Would love to have a decentralized exchange too.
Hope there's a decentralized trollbox too!!!   

[1715019401]

1715019401

[1715019401]

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[slaman29]

Backing up this crowdsale too. Would love to have a decentralized exchange too.
Hope there's a decentralized trollbox too!!!   

Oh god please, if there is a chat box, it should be very, very separate from the main page haha! I love chatting with others too but not if all I see is spam and the chat moves too quickly to read. AND it shouldn't make my main page laggy!

[Albortz]

Around 4 days left for the end of crowdsale NVO has gained investment of around 250 btc. Expect this to reach at least 300 btc, because this is something far apart from other digital currency projects. The success of this is assured and so gonna serve as a different platform in the exchange services.

its 13 days left based on the ticker on their page

[nemgun]

If I invest say, Bitcoin vs ETH is my investment based in USD at the time I sent it, is it based in USD at the time that this ICO is over or is it just based on bitcoins at the end/when the TX is from and you happen to accept other currencies that will be taken into account as a portion of a bitcoin at the end of the ICO (ex. I give 1 ETH and it tanks to 0.06BTC.

I speculate that the USD total will be used at some fixed time after the crowdsale has finished. This seems like the only sensible option that protects the team and does not require storing a lot of metadata.

Building up on Chris's comment and Lauda's speculation. Please clarify the following:
Assuming all altcoin contributions will be converted to BTC in order to process the NVOT distribution and given the volatility of crypto markets in general, please clarify at what particular time (ie. 2017-JUL-01 00:00 UTC) will the contributions be converted to BTC? This is especially important for altcoins contributors. Is it possible to get a consensus among the devs on the matter as it was not included in the whitepaper?

As soon as the crowdsale is closed, we will process the deposits and then convert the coins, except for the low volume coins as they could be dumped, these will be exchanged gradually.

These questions may have been answered before, but I believe these answers should be public knowledge.

How does this platform differ from WAVES and BTS? What advantages/disadvantages does it offer over the aforementioned platforms?

After the Crowdsale and development is done for the coin, how will this platform gain traction (volume) against a large volume exchange like Poloniex?

Thank you for your time.

NVO isn't a blockchain project, NVO wants to use the blockchains and be complementary to them, it aims at supporting the different cryptocurrencies and crypto projects.
NVO will offer a plugin system in order to give the possibility to the different service providers and crypto devs to bridge their projects to NVO and provide support for their project to the NVO users.

The first plugin will be for coinpayments who wants to bridge a payment processor plugin into NVO. It will be one of the volume sources for NVO. It is also possible that Alex the CEO of coinpayments becomes the Marketing manager of NVO as he managed to get 200k users for coinpayments.

These questions may have been answered before, but I believe these answers should be public knowledge.

How does this platform differ from WAVES and BTS? What advantages/disadvantages does it offer over the aforementioned platforms?

After the Crowdsale and development is done for the coin, how will this platform gain traction (volume) against a large volume exchange like Poloniex?

Thank you for your time.

Also can this launch BEFORE maidsafe goes live?

I hear maid has had a lot of issues. its making me consider holding off.

If the validator is ready, and SafeNet isn't ready, we will first help them with the development, but if it is still impossible we have though about alternatives like, Radix or a even our own P2P network with our own blockchain using some cryptocurrencies features, it would take about 4 additional months to deliver in this case.

I have checked this project out for days now and i like the idea, however there are some points i need to be clarified.


By owning NVOT I am basically shareholder from an asset exchange.  For my investment in the business I receive NOVS as dividends. So far so good.

The problem i see is the legality, by being part time owner or shareholder of an exchange for digital assets which are regulated in almost all countries.
By offering the key function, your site works as an intermediary system, enabling the exchange of multiple coins. In most countries you would therefore operate an unlicensed business and all income/ dividends from said business would be unlawful and punishable by court.


How do you operate the site, where are servers, what security do you plan to not run into problems with FinCEN or other official authorities?


Especially in this case it is even more difficult since it is decentralized.  We will receive a fixed payout of 50% of the fees. Therefore it is not even like a dividend in classical meaning....



I hope you can explain how you wanna tackle the legal aspects of operating and investing in your project.

Thanks for the feedback, as i see in your post there is a mix of concepts, let me clarify.

There are no servers, except the API clusters and they are used to provide informations to the wallet users and as a basic support for the plugins who may require it.

The NVOS have been added to the project in order to keep the project legal as its value will be fixed at 0.99$, as any amount sent below 1 usd is considered as a donation or a gift, it won't be NVOT or Bitcoins, it will be a convertible token which will work as a faucet for the owners of NVOT, it will also give more flexibility to the NVOT owners as they will be able to either store the NVOS and exchange them later, or exchange them directly for Bitcoins. It is like asking wether a faucet is legal or not.

I hope that the answer helps you to clarify the different concepts, do not hesitate to ask for more informations.

What would be the first coins included beyond the demo release? Will Monero be included in that first batch of listed coins or will it be integrated later?

I ask because XMR seems to be the coin that is hard to integrate maybe because of its RingCT feature? I know Jaxx had a hard time integrating it, and dropped it from their road map.

The first coins to be implemented will be the NVOT and the coins supported by the crowdsale, then will come the others. We are aware of the difficulties regarding XMR, the plugin system will be handy to include them into the wallet as we will be able to create a customized environment to handle XMR which will ease its integration.

If I invest in ICO when I get NVO coin and when can I be able to sell on exchange?Please reply I do not know much

Once after the crowdsale can expect the coin getting listed to some of the exchange platforms. Mainly this gets started with NVO.IO Exchange. So there won't be any complications In the buying and selling of the NVO coin.

the team will examinate all the possible sollutions regarding exchange listing and will inform all the participants of news regarding this point.

Sorry if this is not useful information, but since I am a newbie, and this will be my first ICO (also my first signature campaign!) I would like to announce that I will participate with 0.01 BTC by end of this week. Yes, it's not much but it is actually my first significant amount earned over many weeks/months.

It's also very new to me to register for a counterparty wallet. I don't know any friends who have done it so it will be a good learning step for me. I'll update in a few days how it goes.

Thanks, welcome and good luck, feel free to share your experience and troubles.

Backing up this crowdsale too. Would love to have a decentralized exchange too.
Hope there's a decentralized trollbox too!!!   

Would be a challenge, risks of centralization, but will definitly think about it !

Backing up this crowdsale too. Would love to have a decentralized exchange too.
Hope there's a decentralized trollbox too!!!   

Oh god please, if there is a chat box, it should be very, very separate from the main page haha! I love chatting with others too but not if all I see is spam and the chat moves too quickly to read. AND it shouldn't make my main page laggy!

even if implemented, you won't lag, it won't be centralized.

[Knepala]

I am investing about half a Bitcoin.
This looks very promising, I hope you pull it off.

[nemgun]

I would like to share a post i made on the safeforum, they asked me if we are going to help MaidSafe in the development, i decided to answer about how the development will be, after all i am a member of BTCT community, and i must keep my community informed :

I know that MaidSafe is working since three years, but NVO won't need 3 years to deliver, and have to be ready in 6 months, after the crowdsale we will finish the full specifications of the NVO DEX, and will do all the remeaning research in the same time, which will require 15-20 days, untill there, everyone would have received their tokens, and the team owuld get the first milestone. 50% will go to Ton, and 50% will go to Yani.
Ton will amortise a portion of the marketing, and will setup the administration side, marketing, design, support.
Yani and I will recruit some developers and assign them the different tasks as we would have done the working dashboard, with the research results as a developer have to do a minimum of research before working on a project to get damiliar with the tools he will use, that will save time for the development, for sure we will listen to the developers regarding the possible improvement ideas and issues.

An API documentation needs 1 to 2 months to be redacted, the team will have to follow the timeframe of the documentations, Yani will work on the wallet with the designers and implement the features on the go, he will have to communicate with the API developer(s), I will work on the validator, and another dev who will implement the different coins with their assets.

Meanwhile, Ton will be in charge of the support and will take care of the communication, he will also work with the designers to get a fluid and clear design.

Alex will take care of the NVO promotion as we are at 99% sure that he will be the marketing manager and will work with Ton.

After the 1-2 months of intencive work, i will spend 1 week watching drangon ball, marvels, drinking beer and sleeping, as i will need to recover  (i am sorry for this off week but need to have some rest)

After that, we will proceed to the tests and fine tuning during 21 days, the operation's duration will be about 4 months. From there i think that our team will be heated enough to support MaidSafe and help them.
The development fees will be taken care of by NVO, not MaidSafe as all the projects supported by NVO. As we don't know about the financial situation of the different teams.
It is in the interest of NVO to help all the communities as this is what will bring the volume in the future, and MaidSafe could see and evaluate our skills after these 4 months.

[delfire]

Hmmmm
I just dont get the things with the wallet, if it's a bitcoin Adresse how can it carry NVOT ?
Is a wallet like Bitgo a safe choice ?
Im sorry but i really dont understund this !
Cheers 

[kensilverman]

There is volatility to consider, when accepting different currencies for escrow during a crowdsale from time of deposit to time of delivery of the converted asset (tokens).  The issue is averted when accepting only one currency for escrow from all investors.  However, for convenience,  ideally, various currencies are accepted during a crowdsale event.

The NVO crowdslae, as an example, is accepting over 5 different currencies for investment.   

If a bitcoin donated now is worth 10 eth and tomorrow it is worth 5 eth, the investment ratios between two parties, party one investing 10 eth and party two investing 1 btc, become skewed.   The conversion at time of distribution is equitably based on some neutral fixed asset measured at time of conversion.

Therefore, the amount of tokens for any given donation cannot be immediately known when accepting various currencies for donation/investment as opposed to just one currency.  It is the most obvious reason preventing the pre-sale conversion amount.

This is obvious to some, but worth mentioning to others in case anyone might be wondering why no token to currency value is stated before investment.

Volatitily is the subject of patent pending(s) I have as applied to decentralization architectures.

So a couple of segregated witnesses came to my door the other day "Gods love is unlimited, but our patience is tempting".

Anyone interested in this elaboration, (or the joke ha!) meager donations accepted here:  19baMnvNEo3aQwPo7kdmRNAAkr17bLGk3P   

[ChromaticStar]

A few concerns I have regarding the development team.

I am trying to get more background on Yanni, but his LinkedIn profile is unavailable. There is little information to go off. The NVO website does mention he was Head of Development for Veserus crypto exchange. Currently www.veserus.com is a dead link. The thread for Veserus mentioned that the exchange was 90% complete in January, what happened to the exchange?

https://bitcointalk.org/index.php?topic=1693034

Regarding Ton, I reached out to a former co-worker of his and he gave positive remarks and mentioned possibly using their exchange for his business in the future. I would prefer his LinkedIn profile be more populated with experience and background.

I will probably take a chance and help fund this startup, but I would feel better if more technical background was available.

[nemgun]

A few concerns I have regarding the development team.

I am trying to get more background on Yanni, but his LinkedIn profile is unavailable. There is little information to go off. The NVO website does mention he was Head of Development for Veserus crypto exchange. Currently www.veserus.com is a dead link. The thread for Veserus mentioned that the exchange was 90% complete in January, what happened to the exchange?

https://bitcointalk.org/index.php?topic=1693034

Regarding Ton, I reached out to a former co-worker of his and he gave positive remarks and mentioned possibly using their exchange for his business in the future. I would prefer his LinkedIn profile be more populated with experience and background.

I will probably take a chance and help fund this startup, but I would feel better if more technical background was available.

Yes currenctly veserus is down because i am still implementing features, working on video/voice chat, and it is better because people would have tried to connect to it while it is still in development.
I have to add more features to compete with the other exchanges.
Some users registered and i tried to deposit to trade, so i had to refund and downed the website.

For background questions, i already replied here : https://safenetforum.org/t/nvo-decentralized-exchange-crowdsale/13608/359
Feel free to ask more questions.

There is volatility to consider, when accepting different currencies for escrow during a crowdsale from time of deposit to time of delivery of the converted asset (tokens).  The issue is averted when accepting only one currency for escrow from all investors.  However, for convenience,  ideally, various currencies are accepted during a crowdsale event.

The NVO crowdslae, as an example, is accepting over 5 different currencies for investment.  

If a bitcoin donated now is worth 10 eth and tomorrow it is worth 5 eth, the investment ratios between two parties, party one investing 10 eth and party two investing 1 btc, become skewed.   The conversion at time of distribution is equitably based on some neutral fixed asset measured at time of conversion.

Therefore, the amount of tokens for any given donation cannot be immediately known when accepting various currencies for donation/investment as opposed to just one currency.  It is the most obvious reason preventing the pre-sale conversion amount.

This is obvious to some, but worth mentioning to others in case anyone might be wondering why no token to currency value is stated before investment.

Volatitily is the subject of patent pending(s) I have as applied to decentralization architectures.

So a couple of segregated witnesses came to my door the other day "Gods love is unlimited, but our patience is tempting".

Anyone interested in this elaboration, (or the joke ha!) meager donations accepted here:  19baMnvNEo3aQwPo7kdmRNAAkr17bLGk3P  

Thanks for the info.

[Chris!]

It is simple, all the currencies iwll be converted to bitcoin, and we will divide the total amount of bitcoins by the total supply of the token (15M) and then we will send to each participant and amount of tokens proportional to its participation.

This really cleared things up for me. If you give any altcoin it will be exchanged to bitcoins after the ICO is complete and from there your stake will be divided. Perfect, thanks. So if you want to play it safe, invest in bitcoins. If you think some altcoin will do well this week invest in that!

[ooeygooeygold]

I deposited some ripple to the NVO demo wallet now every time I open NVO the app freezes.

[Omega Weapon]

I’m new to all this crowdsale thing but I have a question, in the white paper is specified 15 million NVOT will exist with a price decided by the market, does this mean that supposing the project gets 1.5 million the price is going to be 0.1 dollar for every NVOT? And if an investor decides to put 3 thousand dollars does this means he is going to receive 30,000 NVOT?

[nemgun]

I deposited some ripple to the NVO demo wallet now every time I open NVO the app freezes.

We said it is a demo only, don't worry, it will be solved at the next update, if you really want to recover them, we can try to guide you on slack, but you will need technical knowledge, at least the basic.

I’m new to all this crowdsale thing but I have a question, in the withe paper is specified 15 million NVOT will exist with a price decided by the market, does this mean that supposing the project gets 1.5 million the price is going to be 0.1 dollar for every NVOT? And if an investor decides to put 3 thousand dollars does this means he is going to receive 30,000 NVOT?

Keep it simple, the value of NVOT will be defined by the total amount of funds collected.

15m NVOT / total funds collected = price per NVOT

[Chris!]

15m NVOT / total funds collected = price per NVOT

I think you mean:

Total funds collected / 15m NVOT = price per NVOT

Ex. Raise $10million / 15million tokens = $0.6̅ each
Raise $30million / 15million tokens = $2.00 each

[nemgun]

15m NVOT / total funds collected = price per NVOT

I think you mean:

Total funds collected / 15m NVOT = price per NVOT

Ex. Raise $10million / 15million tokens = $0.6̅ each
Raise $30million / 15million tokens = $2.00 each

Yes,i think that i screwd it because of the repetition, but yes, you are right. Thanks for correcting.




I would like to share with you the answers to some interesting questions :


1) Why do you think LocalBitcoins is way more successful than the existing DEX projects out there?
2) What would make Poloniex and Localbitcoins users switch over NVO.
3) What are the real reasons users choose the exchanges they choose?
4) And why the hell people are using awful and inconvenient sites such as LocalBitcoins and BTC-e? What is their added value that makes them so popular ?

1- Because localbitcoins offers the possiblity to exchange FIATs to Bitcoin directly, and one of the most popular demands regarding this kind of exchange is Paypal.
2- Regarding Poloniex, it is mostly an issue regarding the platform's bots, because sometimes during bitcoin's high/low phases, the bots linked to Poloniex slows down the platform.
Bittrex for example is newer compared to Poloniex, but they earned reputation because they sorted the coins, there are no forks or shitcoins there, and it was one of the first exchanges to add coins like Waves and the reçently strong coins.
One of the poloniex's strengh was the support of XMR and ETH.
Now, could you please check the XRP wallets ? How many users would like to use NVO for Ripple ? How many developers would like to use NVO for their projects ?
About ripple, the 24H volume of Ripple is around $136M, if we can get about 40% of the volume, how many users will be interested to use our DEX ?
ie: if we have 40% of the XRP volume in the NVO DEX, it will bring around $80 USD Weekly, in means that the holders will get $1.120.000USD.
The crowdsale is around $2M, after two weeks all the holders get their funds back. Needless to say what will happen if they keep on holding them.
Most of the wallets are non official, you can check them, some of them are good, but NVO can do better.

Regarding localbitcoins, they don't have a wallet, how about implementing them on NVO using the plugin system ? Both projects would benefit from it.

3- Reputation, innovation, the ability to add new pairs quickly. Because it is not easy to add a new coins and maintain them, there are always wallets on maintenance.

4- BTC-E is a fake volume, their code system is used as a support way by third parties platforms. Localbitcoins is popular because you can use a lot of different payment methods who are not supported by exchanges.

The wallets are customisable, anyone can either create a plugin, or a "mod" for the wallet, like a trading "mod". We will work on the plugins to provide as much "mods" as possible for the different users, everyone will have the basic wallet, and then they could choose a special modes and switche between them.
The most important is the validator, as it will meet the ideas of everybody.


What is the actual, tangible invention or innovation that NVO brings?

The main innovation brough by NVO is its mixity, NVO won't be a DEX only, but a complement to the blockchain projects. Not a way to get money out of fees, but a way to join projects together.
NVO isn't a blockchain to be compared with other blockchains as it is not required, except to get more funds, regarding development, it is not mandatory to use a blockchain for a DEX.


I would like to also ask if your team is aware that the "Launcher" will soon be deprecated for a new paradigm that is called the "Authenticator".

It doesn't change anything, what ever happens the most important is to get access to the network in a way or another, from there, you can work your own solution or adapt the existing one.


I'm a linguist. I understand language barrier. Please, seriously consider hiring somebody with impeccable English and communication skills who is not just excited about the project, but who has perfect understanding of the technology and at the same time the ability to communicate this understanding. Correct spelling is very important in order to make a serious impression, including on forums like this. I'm not talking about a marketing monkey, but a serious public relations person.

Effectively, we will try to recruit people with a minimum of development knowledge, and the required communication skills, not only for english, because NVO have to be international as it is decentralized.

[radjie]

Hmmmm
I just dont get the things with the wallet, if it's a bitcoin Adresse how can it carry NVOT ?
Is a wallet like Bitgo a safe choice ?
Im sorry but i really dont understund this !
Cheers 

Nvo aims to offer an alternative solution that relies on traditional networking capabilities and centralized services to process and store a decentralized crypto.
With Decentralized Exchange will ensure to make it easy for new users, And for experienced crypto users will enjoy an open source wallet that comes with open plugin ecosystems for integrated platforms.

[ChromaticStar]

I haven't seen anything in the Whitepaper about "Reputation" or "Trust" of users, but I think they would be required. This may require some form of registration process. Here are a couple of possibilities.

Regarding a peer-to-peer transaction, how do you ensure that both peers add the appropriate transaction fee to ensure it is confirmed by the network allowing both parties to receive their trade?

Example: User A exchanges Bitcoin for Dash with User B. Neither user sets a fee. User A receives Dash right away, User B sees the Bitcoin transaction broadcasts to the network but it never gets confirmed.

Could it be possible for a user to outperform the validator's verification and transaction broadcast process causing a double-spend transaction and resulting in one user ending up with nothing?

Would a "Report User" feature be required if someone gets screwed out of their transaction?

[2bfree]

Sorry if I missed this but I have 2 questions:

I saw in your presentation that the wallet has seed so if I have say 5 alt coins in there and computer dies when I restore the new app with the seed all my alts will come back?

second question is how many Altcoins can I trade?

Thanks and good luck with ICO.

[nemgun]

I haven't seen anything in the Whitepaper about "Reputation" or "Trust" of users, but I think they would be required. This may require some form of registration process. Here are a couple of possibilities.

Regarding a peer-to-peer transaction, how do you ensure that both peers add the appropriate transaction fee to ensure it is confirmed by the network allowing both parties to receive their trade?

Example: User A exchanges Bitcoin for Dash with User B. Neither user sets a fee. User A receives Dash right away, User B sees the Bitcoin transaction broadcasts to the network but it never gets confirmed.

Could it be possible for a user to outperform the validator's verification and transaction broadcast process causing a double-spend transaction and resulting in one user ending up with nothing?

Would a "Report User" feature be required if someone gets screwed out of their transaction?

Thanks for the feed back, regarding the verifications, they will be done by the validator, if there is any issue regarding the transactions it would be a fail due to NVO, there will be several verifications done by both sides prior to allow a transaction broadcast, if the user doesn't defines a transaction fee, it will be defined by the wallet when the order is sent. in order to cheat on the validator, one would have to get access to the validator which is secured by safeNet's encryption and protocole.

Sorry if I missed this but I have 2 questions:

I saw in your presentation that the wallet has seed so if I have say 5 alt coins in there and computer dies when I restore the new app with the seed all my alts will come back?

second question is how many Altcoins can I trade?

Thanks and good luck with ICO.

Yes, the wallet will have to be exportable and backup possibilities have to be provided as users will have the ability to export their wallet to mobile versions.