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

[Chris!]

Where is WG91, did he left the project as well? He used to be a big fanboy, but most probably his lost investment in xenio and lack of progress in nvo made him go away

Man you missed that awesome update from Ton today. I bet you wish you had this news. Omg you'll be so pissed when this comes out. Cya around coolie (not in Slack of course).

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[TSWR]

Where is WG91, did he left the project as well? He used to be a big fanboy, but most probably his lost investment in xenio and lack of progress in nvo made him go away

listen Emanuil, i  told you on discord that you need to leave nvo alone and the people in the community  or  otherwise.

[12inchMom]

hasn't done much since inception. smh. oh well still holding

[Primitive]

There is currently a team of 70 devs working on this.

70 devs??  the website lists 4.  where are you getting 70?

[TSWR]

There is currently a team of 70 devs working on this.

70 devs??  the website lists 4.  where are you getting 70?

the website list actually list's 2 developers and only because they are the lead devs + founders, it was actually the lead devs who said  there were 70 devs  involved, however there are different teams for different parts of development.

[TSWR]

This is a very nice update I have put together, the read is worth it

https://www.reddit.com/r/NVO/comments/7qhc13/nvo_updates_and_exchange_listing_news/

[MarketMagic]

it is not about that, the listing issue isn't about been ERC20 or not, the exchanges are scared as they are considering NVST as a security, which why they don't want to list.

What are the implications here for NVO/NVST holders and how do they get dividends if no other exchanges will list the token?Will vesereus have liquidity that allows NVST dividends to be cashed out etc?Also how will compliance be done if this is classed as a security when people did not understand this was situation when they bought their tokens etc?

[centersmissing]

it is not about that, the listing issue isn't about been ERC20 or not, the exchanges are scared as they are considering NVST as a security, which why they don't want to list.

What are the implications here for NVO/NVST holders and how do they get dividends if no other exchanges will list the token?Will vesereus have liquidity that allows NVST dividends to be cashed out etc?Also how will compliance be done if this is classed as a security when people did not understand this was situation when they bought their tokens etc?

NVST holders will not receive proceeds from the decentralized exchange until that exchange is running, and the payouts of NVSX as well as the buyback to convert to BTC will all be handled by the decentralized exchange and wallet.  Veserus is a centralized exchange that will not be associated with NVSX tokens.  As far as we know, NVST holders will not receive a portion of fees collected from Veserus.  As far as compliance, NVO is a decentralized entity and is under no governmental jurisdiction.  It is up to each holder of NVST to determine the legality of their NVSX payments. 

[radiumsoup]

it is not about that, the listing issue isn't about been ERC20 or not, the exchanges are scared as they are considering NVST as a security, which why they don't want to list.

What are the implications here for NVO/NVST holders and how do they get dividends if no other exchanges will list the token?Will vesereus have liquidity that allows NVST dividends to be cashed out etc?Also how will compliance be done if this is classed as a security when people did not understand this was situation when they bought their tokens etc?

There are no implications for NVST holders. NVST holders will receive dividends directly from the DEX, once per week, taken from half of the trading fees collected from platform users. Not sure what you mean by liquidity of dividends, since dividends are paid from fees and don't exist until fees are collected (at every trade.)

As for compliance, this is a decentralized exchange. Not sure who regulators would go after exactly. But, at least in the US, it is not illegal to *purchase* an unregistered security.

edit: Also... what he said ^

[F3arl3ss]

When the centralized is released through the wallet, will the trading fees from all pairs besides BTC/NVST go towards an initial dividend structure?  Or will the trading fees go towards further development for now?

[radiumsoup]

When the centralized is released through the wallet, will the trading fees from all pairs besides BTC/NVST go towards an initial dividend structure?  Or will the trading fees go towards further development for now?

the Veserus exchange was not part of the original project, so I would not expect to receive dividends from any trading there. I expect that the dividends generated by Veserus will, until otherwise specified, be retained by the developers for their own use.

[_Ricardo_]

I wonder when this token will have a real increase in its value. Stagnant.

[centersmissing]

I wonder when this token will have a real increase in its value. Stagnant.

I guess you haven’t checked how much the last NVST token sold for on counterparty lol

[TSWR]

it is not about that, the listing issue isn't about been ERC20 or not, the exchanges are scared as they are considering NVST as a security, which why they don't want to list.

this can all be found here https://www.reddit.com/r/NVO/comments/7pjluu/nvsx/

What are the implications here for NVO/NVST holders and how do they get dividends if no other exchanges will list the token?Will vesereus have liquidity that allows NVST dividends to be cashed out etc?Also how will compliance be done if this is classed as a security when people did not understand this was situation when they bought their tokens etc?

NVSX will be issued proportionally to the amount of fees collected by the validator’s usage. They will be distributed among the holders of NVST and will have to be stored/sent to an NVO wallet for redeem. Upon the detection of NVST inside a user’s wallet, the validator will issue a 2OF2 Bitcoin address containing the amount of NVSX based on the user’s amount of NVST. It will then create a redeem script and send it to the holder wallet. The wallet will endorse the redeem script and allow the transaction.

This will enable an automated process of fees distribution. NVST holders will still have to send funds into a NVO wallet to allow the process to take place. Later the whole process will be automated, using the new features from counterparty like smart contracts allowing the exchange and payout process to be fully autonomous. This system enables an automated distribution process amongst the addresses holding NVST, external exchanges filtering, and keeps NVO legal as only tiny amounts are processed because the price of NVSX will be fixed at 0.99 USD. The total available amount of NVSX will change proportionally to the amount of fees collected. It is a way to control the inflation and the price to enable a stable value asset for the holder’s usage.


NVSX = fees

With out fees nvsx wouldn't exist, nvsx is the key to unlock the access to the fees for the nvst holders.

(This is an example just fees and not trade volume trad volume would be $1B  per day in this example)

So if they do $7 mil that week in fees ( $1 mil per day and keep in mind fees are sent to a holding wallet)  and if nvsx is $0.99 cents there will be 6,930,000 actual nvsx sent out and divided amongst the nvst holders.

now if let's say i held 1.06 nvst out of the 6,930,000 NVSX I would receive 1 nvsx at the end of the week , i would then exchange that 1 NVSX for $0.99 (since one nvsx is only worth $0.99) cents worth of btc and that btc is taken from the $7 million in fees that are being stored in the holding wallet.

[TSWR]

When the centralized is released through the wallet, will the trading fees from all pairs besides BTC/NVST go towards an initial dividend structure?  Or will the trading fees go towards further development for now?

no fees on veserus are not related to  NVST, however they want to try to give a discounted fee to nvst holders for all other pairs
(btc/nvst pair will be fee free)

[proride]

I wonder when this token will have a real increase in its value. Stagnant.

I guess you haven’t checked how much the last NVST token sold for on counterparty lol

The real price is not any counterparty selling, you know. So we are still waiting widetrading price.

[nikisev]

Nice update on reddit.
Waiting for this project to get some customer traction.
Will be interesting how it will hold on.
I think 2018 will be very good year for DEX.

[z0n0]

Nice update on reddit.
Waiting for this project to get some customer traction.
Will be interesting how it will hold on.
I think 2018 will be very good year for DEX.

Indeed.
2018 will be the year of decentrelized exchanges, lets hope NVO team deliver something special

[fanty]

yup. this is really great news. i dont understand why nvo is not exploding yet. but it will come!

hodl ftw!!!

OG  OH!

[_Ricardo_]

I wonder when this token will have a real increase in its value. Stagnant.

I guess you haven’t checked how much the last NVST token sold for on counterparty lol

I may be wrong, but the volume increase in dollars in Counterparty these last days, a good part was due to bomb in the XCP. I did not see any real increase in the token value. We need an urgent publicity campaign.