msktrader15
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August 02, 2018, 03:02:36 PM |
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Hey investors, you might be interested whats going on with NVO Since the development details had been classified (by tons of reasons) as super-duper-uber important...
we only can check whats going on with collected funds
Couple months ago i had follow the money from the escrow address (u can find it on first page) 3AiGej11G8jUXvEBPvQKPLiHXC7ruUCp1Z (Final Balance 0.00293019 BTC)
and following the biggest transactions i ended up on this address 3D8LSnVv3DvwkXdmTtAsUzygeQUzpDJcPv (Final Balance 0 BTC)
i remember in june 2018 it contained the round number of 1,313 BTC Lets take a look to whats happen next
In 28june2018 1,293.962072 BTC was moved to address 3PH6aW83TwXWJXNKXP4fdfAd6eNftfYe65
another 20 BTC was moved to 1w8ULAUvRDoEqTjCupvhjpvfL6PYNLEog where it was split to small fractions and sprayed at bunch of address, and one of that addresses was like 3BMEXaTFuhkGvBpnvyi3iwVmai6MGKWpQH For those who trade on a BitMex is known that address like 3BMEX.... is the only addresses of this exchange.
So looks like the part of NVO development is supporting trade positions (wth x100 leverage lol) on a BitMex. Good job guys, good job
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centersmissing
Jr. Member
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Activity: 111
Merit: 3
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August 02, 2018, 08:36:39 PM |
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Hey investors, you might be interested whats going on with NVO Since the development details had been classified (by tons of reasons) as super-duper-uber important...
we only can check whats going on with collected funds
Couple months ago i had follow the money from the escrow address (u can find it on first page) 3AiGej11G8jUXvEBPvQKPLiHXC7ruUCp1Z (Final Balance 0.00293019 BTC)
and following the biggest transactions i ended up on this address 3D8LSnVv3DvwkXdmTtAsUzygeQUzpDJcPv (Final Balance 0 BTC)
i remember in june 2018 it contained the round number of 1,313 BTC Lets take a look to whats happen next
In 28june2018 1,293.962072 BTC was moved to address 3PH6aW83TwXWJXNKXP4fdfAd6eNftfYe65
another 20 BTC was moved to 1w8ULAUvRDoEqTjCupvhjpvfL6PYNLEog where it was split to small fractions and sprayed at bunch of address, and one of that addresses was like 3BMEXaTFuhkGvBpnvyi3iwVmai6MGKWpQH For those who trade on a BitMex is known that address like 3BMEX.... is the only addresses of this exchange.
So looks like the part of NVO development is supporting trade positions (wth x100 leverage lol) on a BitMex. Good job guys, good job
Total received from crowdsale was equivalent of about 3055 BTC. 40% of that, which is what should be left in Escrow, is about 1222 BTC. Address 36Uh2ine6UzWGPTDYdENqS6pj6Rzx4Q67R has about 1,144 BTC. So that leaves about 78 BTC somewhere that is still part of escrow. The other part - they could have paid developers or others who are trading, we have no idea, just an FYI
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Chris!
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August 02, 2018, 10:22:53 PM |
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So looks like the part of NVO development is supporting trade positions (wth x100 leverage lol) on a BitMex. Good job guys, good job
Hahahahahahahaha! That was a fun story. This could be a mainstream news article. I didn't know you could see their 100x leverage orders. That's really cool. Could you show me how you found that? as long as they're going long on Bitcoin then we'll be just fine
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Nalienn
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August 02, 2018, 10:49:18 PM |
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what's the difference NVO to other decentralized exchanges? thank you
this is a copy and paste from telegram that I wrote in response to someone worrying about competition so its a little off from what you initially asked 9 NVO is partnered with coin payments, coin payments is a payment processor for almost all cryptocurrencies and they have a vendor base of almost 800k. Are there any notable shops that use Coin Payments? The store directory doesn't really look promising at all from what I can tell..
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TSWR
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August 02, 2018, 11:35:37 PM Last edit: August 02, 2018, 11:51:34 PM by TSWR |
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what's the difference NVO to other decentralized exchanges? thank you
this is a copy and paste from telegram that I wrote in response to someone worrying about competition so its a little off from what you initially asked 9 NVO is partnered with coin payments, coin payments is a payment processor for almost all cryptocurrencies and they have a vendor base of almost 800k. Are there any notable shops that use Coin Payments? The store directory doesn't really look promising at all from what I can tell.. here you go https://www.coinpayments.net/store-directoryporn hub uses them for all crypto they acccept. and the reason I used PH for the example is because they are a very big name.
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centersmissing
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August 03, 2018, 04:20:29 AM |
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what's the difference NVO to other decentralized exchanges? thank you
this is a copy and paste from telegram that I wrote in response to someone worrying about competition so its a little off from what you initially asked 9 NVO is partnered with coin payments, coin payments is a payment processor for almost all cryptocurrencies and they have a vendor base of almost 800k. Are there any notable shops that use Coin Payments? The store directory doesn't really look promising at all from what I can tell.. here you go https://www.coinpayments.net/store-directoryporn hub uses them for all crypto they acccept. and the reason I used PH for the example is because they are a very big name. riiiggghhhhttttt.....
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nemgun (OP)
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August 06, 2018, 08:44:14 AM |
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To the investors of NVO, I must apologize for the way this project has been handled. There is nothing worse for an investor to see a project team blow up like this one has, and I'm sorry that the investors of NVO are caught in the middle.
When I first started thinking about creating a DEX for NVO, I had great ideas and saw a great future for a project that would continue to grow for many years. I had a hope and a vision that there could be many other projects that could very easily fit together with a DEX, and each of them would strengthen each other. When I brought these ideas to my cofounders, they agreed and we started the NVO project together with a great relationship.
Now one of the cofounders has sabotaged the project by wanting to start over from scratch even though development is nearing completion. He wants to take all of the crowdsale funds for himself and change the terms of the project all on his own to ignore some key promises of the crowdsale. The investors are now being told that they should want to have a fork of Komodo. They are also being told that they will not receive a DEX with plugins, which means it is not a true decentralized exchange. His Komodo fork will be controlled by him alone and he will approve or deny the coins that can be traded on his Komodo DEX. This is not in the spirit of a decentralized exchange, and nobody will use this Komodo fork any more than Komodo is already used right now.
The direction he wants to take NVO is not what investors were promised. This unfair change means only one thing is possible: the escrows must immediately refund the investors, and I have asked them to begin that process. Right now, the escrows are deciding what they will do with the crowdsale funds, and I believe we should hear their decision immediately.
My cofounder has also made some accusations about me and some of the other people associated with Veserus, one of the other projects that will help the DEX. These accusations are meant to distract you from what is really happening here. The fact is that my cofounder has taken 560 BTC, all of his share of the crowdsale funds from the milestones that we have already met, and I have taken only very little. The actual development has been paid out of my own pocket and not the crowdsale funds except for a very little amount. But my cofounder has wasted his share and no longer has the funds to afford to continue the project on his own. So, he will take what he has left and will do an easy fork of Komodo just so he can claim he has delivered an escrow milestone, and he will try to take 100% of those milestone funds instead of just the 50% he was taking before.
I would never allow that to happen if I was one of the escrows. He should never be permitted to take all of the escrow funds for himself, change the terms of the crowdsale, and deliver an inferior DEX that is no better than what someone else has already created. This is totally unfair to the investors. So I propose that the remaining funds that I am entitled to for the previous milestones be released to me so I can continue development of the DEX, and then investors should be refunded everything that is still in escrow as they are entitled to.
No matter what my cofounder does by himself, I still care the most about the NVO investors. I will continue developing the real NVO DEX with my own funds if necessary, and when development is complete, I will credit all NVST holders with the real NVO DEX tokens as promised since the crowdsale. A real decentralized exchange with a plugin system and a decentralized trade validator to power a very fast trading engine. We will continue development of Veserus and the other projects that will help the DEX, and the crowdsale investors will get the project they paid for, even if there is a full refund and I do not get my half of the remaining milestone funds.
Again I must say that I am sorry for how investors have been treated by my cofounder. This is totally unacceptable and I will do everything in my power to make it right.
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Lauda
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Terminated.
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August 06, 2018, 09:17:52 AM |
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-nonsense snipped - So I propose that the remaining funds that I am entitled to for the previous milestones be released to me so I can continue development of the DEX, and then investors should be refunded everything that is still in escrow as they are entitled to.
The holders (community) will vote (weighted) on where they want the project to go. Neither you nor Ton are currently in the position to make this call.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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vlom
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August 06, 2018, 10:13:43 AM |
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one of the cofounders has sabotaged the project
tell us who the cofounders were and who has sabotaged the project? The fact is that my cofounder has taken 560 BTC, all of his share of the crowdsale funds from the milestones that we have already met, and I have taken only very little.
please provide all the transactions. starting with the crowdsale. So I propose that the remaining funds that I am entitled to for the previous milestones be released to me so I can continue development of the DEX, and then investors should be refunded everything that is still in escrow as they are entitled to.
why should anybody trust you? and please tell us again which milestones are connected to the release of which amount. and which milestones have been reached according the escrows.
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vlom
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August 06, 2018, 10:15:38 AM |
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-nonsense snipped - So I propose that the remaining funds that I am entitled to for the previous milestones be released to me so I can continue development of the DEX, and then investors should be refunded everything that is still in escrow as they are entitled to.
The holders (community) will vote (weighted) on where they want the project to go. Neither you nor Ton are currently in the position to make this call. the community or the investors? weighted according the amount of NVO tokens in the wallets right now or the amount of BTC invested during the ICO?
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Lauda
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Terminated.
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August 06, 2018, 10:17:18 AM |
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-nonsense snipped - So I propose that the remaining funds that I am entitled to for the previous milestones be released to me so I can continue development of the DEX, and then investors should be refunded everything that is still in escrow as they are entitled to.
The holders (community) will vote (weighted) on where they want the project to go. Neither you nor Ton are currently in the position to make this call. the community or the investors? weighted according the amount of NVO tokens in the wallets right now or the amount of BTC invested during the ICO? Holders (which is what the community consists of), not investors. To prevent people from receiving double refunds in cases where, e.g., you invested, then sold everything and now want a refund, this would go based on current NVST holdings.
Note that this was a suggestion by some community member. All options considered, it seems to be the best one.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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vlom
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August 06, 2018, 10:18:55 AM |
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but i think that the so called Devs are holding most of the tokens and thats why this wont work this way.
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Lauda
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August 06, 2018, 10:20:56 AM |
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but i think that the so called Devs are holding most of the tokens and thats why this wont work this way.
1) No. 2) You can't blame the developers for buying (if they did) what others sold.
This option is by far the best one, and it is next to impossible to change my mind on it.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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cocoadreamboy
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August 06, 2018, 10:38:18 AM |
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Thank you very much Lauda. Please keep us informed of how the vote will work.
Many thanks
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I virgin. I pure boy! I dicboy!
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vlom
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August 06, 2018, 10:40:44 AM |
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the wallet (354jirex7gkFxMiNmN45SxyMxSUsdGcrsf) in OP is empty. 3,091 btc 354jirex7gkFxMiNmN45SxyMxSUsdGcrsf 1,593 sent to => 3ECo88VpXVaYSongyYxTYKLHNw16J1cRLK 1,313 3ECo88VpXVaYSongyYxTYKLHNw16J1cRLK => 3Bcy5PXBjHdv5Vh3x3w8Fsi5RFPsuZzfvq 1,313 3Bcy5PXBjHdv5Vh3x3w8Fsi5RFPsuZzfvq => 3D8LSnVv3DvwkXdmTtAsUzygeQUzpDJcPv 1,293 3D8LSnVv3DvwkXdmTtAsUzygeQUzpDJcPv => 3PH6aW83TwXWJXNKXP4fdfAd6eNftfYe65 1,293 3PH6aW83TwXWJXNKXP4fdfAd6eNftfYe65 => 38PtcLxfmaNJnYHJR4Kpy2qXUFHkaTq8RX 1,243 38PtcLxfmaNJnYHJR4Kpy2qXUFHkaTq8RX => 36Uh2ine6UzWGPTDYdENqS6pj6Rzx4Q67R
280 3ECo88VpXVaYSongyYxTYKLHNw16J1cRLK => 13XUkHr7pWv9pNjKeaMB32tApmLwmBhS4r
354jirex7gkFxMiNmN45SxyMxSUsdGcrsf 1,497 sent to => 3DM5Zk9MxaraDXY5VqEpz15kfZsno6PZ6Q
this is "endless" and i don't have the time to check all the transactions.....
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Lauda
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August 06, 2018, 10:42:15 AM |
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this is "endless" and i don't have the time to check all the transactions.....
Why exactly would you care where the money is going to or coming from as long as the amount (as per milestones) is there? You would waste your own time trying to trace it all, especially since altcoin addresses aren't public. the wallet (354jirex7gkFxMiNmN45SxyMxSUsdGcrsf) in OP is empty. 3,091 btc
There was never 3091 BTC. This is why random individuals shouldn't try to do audits..
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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vlom
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August 06, 2018, 10:46:50 AM |
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There was never 3091 BTC. This is why random individuals shouldn't try to do audits..
then tell the average joe that is trying to do an audit..... the amount at the beginning and how much is left now.
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Lauda
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Terminated.
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August 06, 2018, 10:49:51 AM |
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There was never 3091 BTC. This is why random individuals shouldn't try to do audits..
then tell the average joe that is trying to do an audit..... the amount at the beginning and how much is left now. Follow the TG channel to avoid asking unnecessary questions.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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notanvstwhale
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August 06, 2018, 11:19:46 AM |
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The holders (community) will vote (weighted) on where they want the project to go. Neither you nor Ton are currently in the position to make this call.
A 72 hours time frame for such a mess will just leave the fate of the project in the hands of a handful of people that hold a large amount of assets. In my opinion if not enough people are represented for the vote a decision that goes towards either of the sides shouldn't be taken, because it's going to be based on what a few whales voted. That's just my opinion and it comes from the fact that a lot of people are not checking the project for updates because the developers have been really poor with communications and deadlines. Bigger holders are more active and interested in this, so they will make moves. Good luck mobilizing the rest 5000 people in three days. People should just be allowed to decide who they support again by reinvesting if they want to, why this hasn't been considered. Didn't we took enough damage from the founders ignorance and lack of generic approach to the project? I mean, you've seen what a year of progress has brought. A lot of smaller holders haven't even heard about the project being torn down to pieces. It's going to take several hundreds of people to overthrow a decision made by any of the top 5 whales. I don't think people will mobilize quick enough to react and make the vote fair. Don't expect more than 30% voter turnout, will be curious to see if I am wrong. There's usually systems in place to protect for low voting turnout, is there going to be anything like this here or this is final? Because if it's final, 2-3 people will decide the project's fate since it's weighted. And it's fair to be weighted since they've put most money in it, that's fine, but I am arguing that there isn't enough time and it has been communicated poorly. At least an extend in time? Also none of the sides presented any information to help us decide, as far as I am concerned, no one has provided any proof. Just claims against each other.
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vlom
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August 06, 2018, 11:21:06 AM |
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they don't have a TG (telegram) channel..... i think you as escrow should know it and it is part of your job to tell it to everybody. they have slack and i found this but dont know if this is legit: https://docs.google.com/forms/d/e/1FAIpQLScSkQSLecKG3eztlcrrnwMZjX0WtPUoAXwUbCRtNre417jF-A/viewformThis poll will be open for approx. 72 hours, that is until 10.00 AM UTC+0 (9th of August). You have until then to vote. and without signed messages it will be worthless.
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