Topic: [ANN][CrowdSale Ended]🌟🌟🌟🌟 NVO Decentralized Exchange | MultiWallet 🌟🌟🌟🌟 - page 10. (Read 170146 times)

Is it true that one of the devs are going to continue developing a DEX and give out free tokens to NVST hodlrs?If this is the case will they be only giving free tokens to people who voted for project to continue or will it be for all even if you voted for refund?Please advise before I cast my vote.

TIA

If you participated, you have NVST. If you have NVST, you have a Bitcoin address. Therefore, you will receive your share of BTC just like anyone else.

I received an email about project cancellation,
I am not quite sure if I understand correctly - is that true?
And what should I do if I participate in ICO with currency other than BTC?
How could I get refund then?

My initial Math had an error, looks better now, thanks again.

You don't need to do anything. Just make sure you own the private key to the address on which your NVST tokens are.

if my NVST tokens are in my Counterparty wallet

should i do anything in order to get the refund or it will just come?

Sorry for the noob question but i cant understand

What is the process to get a refund for nvst stored on counterparty ?

Thanks, Mister Lauda

I joined this CrowdSale because i have trust to your reputation.

The final refund amount is 1,393.94415407 BTC[1], which correlates to the initial estimate of ~1400 BTC. The *official* timeline is as follows:

• 1) Thursday, August 30 - Vote closes.
• 2) Friday, August 31 - Snapshot[2].
• 3) Saturday, September 1 - Refunds begin[3].

---

Notes:
[1] Once I have a total transaction fee estimate, this amount will be appropriately truncated at a certain decimal. This will also be mentioned in one of the following posts.
[2] The snapshot time will be random (i.e. exact time of day will not be announced) to prevent any adversary from gaming the system. Everyone is advised to remove any sell orders that you might have on the market and/or move to an appropriate wallet if necessary. If you own the private key to the address where your NVST is, then you are good to go. You, and only you, are liable in the event that you fail to adhere to adhere to this. The snapshot will be archived and a link to it will be provided to the public.
[3] The amount of time for all refunds to be processed can not be estimated. I'll be available every single day until this is completed, but each transaction requires another signatory. Every transaction will be created and verified manually. There is no room for errors.

Appendix:
1) The address 1HF9qmvVz6EMu5ihjkbstpBwAVb9jdm9Lh will be excluded from the refunds. On it are unallocated tokens which can't be distributed. This issue stems from a chain of events which led to essentially what I'd call, theft of both the NVO domain and the database. The amount on it is 449,660.58536489 NVST, which represents 2.9977372357659333% of the supply. The exact percentage of the refund balance, which is 41.78678295 BTC will be set aside until a solution to this issue is found. I have decided to not let this issue delay the refund.
2) Therefore, the amount of issued tokens is 15 000 000 - 449,660.58536489 = 14 550 339.4146. The amount of BTC that will be refunded over this amount is 1,393.94415407 - 41.78678295 = 1352.15737112. This represents a rate of 0.00009292961 BTC/NVST. Example ~ refund amounts:
1k NVST -> 0.09292961 BTC.
10k NVST -> 0.9292961 BTC.
100k NVST -> 9.292961 BTC.

---

Update:
1) Addresses that contain less than 0.1 NVST (~$0.06) will be excluded from the process as it makes no economic sense to do this. This affects about 345 addresses based on sample data (no snapshot yet), containing ~0.934 NVST. This saves about 11730 bytes of data (assuming 34 bytes per output) needed for the refund.
2) We will need at least 166 090 bytes to process this (34*4885). At 1-2 sat/byte this is 0.00166090 - 0.0033218, which means that we will truncate the amount after the reduction at the third decimal --> 1352.154 BTC.
3) Last address to be refunded is #4890.
4) Snapshot:

You'd think with all the scammy ICOs running around some enterprising software developer could come up with an idea for automatic book keeping, something that keeps track of all the transactions of investor funds, is open to public scrutiny, and yet still maintains anonymity for the individual investor while maybe even automatically paying dividends upon success or refunds upon failure, we could call it an "intelligent legal agreement". Eh, that's just crazy talk, no one will ever come up with something like that.

i made a calculation.

Not sure where you get that?  Initial rate was .0002036 BTC / NVST

So it is a 46% refund against btc value.  Now if you count the bcash fork it is a bit less.

If someone invested in ETH, for every 1 ETH they sent they are getting the equivalent of 1.22 back.  Not too bad for a consolation prize.

Thanks for the detailed explanation. If we are somewhere near .0000933 then from my initial BTC investment only around 1 out of 6 would be returned.

At the initial ICO there was an equivalent of about 3055 BTC raised.  

The total funds raised per currency:
BTC: 1590.919664
LTC: 7807.588
XRP: 1325280.390
ETH: 6477.095
MAID: 765482
DASH: 1916.643
WAVES: 31145.630
DOGE: 23577240.970
ETC: 4126.090

Conversion rates per currency into BTC*:
BTC: 1
LTC: 0.01688190
XRP: 0.00010822
ETH: 0.12242700
MAID: 0.00019581
DASH: 0.07139310
WAVES: 0.00167559
DOGE: 0.00000109
ETC: 0.00760768

Total BTC raised (at these exchange rates): 3055.120324
Total USD raised at the BTC-USD price (Bitstamp): 7790556.826

As you can see, about half of this 3055 BTC value was in altcoins that many have not been converted to BTC yet, and their value against the BTC has gone down considerably.

August 13th, 2018 conversion rate:

BTC: 1
LTC: 0.00903533  (53%)
XRP: 0.00004485 (41%)
ETH: 0.04612566  (38%)
MAID: 0.00003805  (19%)
DASH: 0.02342568  (33%)
WAVES: 0.00032511 (19%)
DOGE: 0.00000037 (36%)
ETC: 0.00200381  (26%)

ETH alone raised about 790 BTC worth, and has declined in value so much that it is now worth only about 299 BTC.  So now we are down to ICO value at only 2564 BTC if you just look at that (But they may have converted some of the ETH for milestones so it is unclear what the actual number is).


60% of all ICO funds have been released per milestone schedule.  Which leaves 40% to be refunded to investors.  You can say 40% of 3055 is 1222 BTC but that won't be how it is done since the alt coins lost value.  The current 40% value is close to 1000 BTC.  And then there is a percentage of funds that were released for milestones that the team did not use and are included in the refund.  Escrows have done the math and told us the value of all funds to be released back to investors including unused forks is about 1400 BTC.  Now if altcoins surge in value and they do their conversions from remaining alts to BTC at that time we will have more than 1400 BTC.  If BTC starts to boom and altcoins lose their value, and they convert at that time, we may see less than 1400 BTC refund.

1400 divided by 15 million NVST tokens is .0000933 BTC per NVST refund.

I hope that makes sense.

It translates to "They have misappropriated,siphoned,stolen erm I mean used 60% of your BTC to develop a 2BTC wallet that has no use".

Saturday, and unless a whale suddenly appears everybody will be refunded.

Lauda, should we expect you to proceed this week, how is it looking?

I'm not asking out of curiosity, more like, as it turns out, this refund might actually really help me with a small crisis at home so I hope things can be finalized this week since according to what you said, the vote should be finished any day now.

Could you please explain, how this translates to 40% of the invested btc?

I won't complain too loud since I'm happy to get my money back at all, since they had expenses over the last year they probably couldn't pay back the BTC at its current value anyway?

I think we should be refunded, but 100% refunded in BTC