Topic: [ANN][CrowdSale Ended]🌟🌟🌟🌟 NVO Decentralized Exchange | MultiWallet 🌟🌟🌟🌟 - page 136. (Read 170086 times)

You can only check the BTC address they give you after linking your BTC address.  There you see at least how many BTC are received and in how many transfers.  Right now its around 0.3BTC on average.






Something more. How does the NOVS system work?   

1)

All fees are collected in one "address" or "pot" and once a week the NVOS will be send to the NVOT owner right?


2)

How is that calculated?   

Do you take the dollar value (of fees) of each transaction at given time or do you collect all fees and take the dollar value at the time of the distribution?


3)

Also you wrote all NVOS will be worth 0.99cents. How is that possible?   
All fees are probably based the currencies they originate from.  BTC -> LTC the fee will be either BTC or LTC (maybe both).   


Lets assume you receive 300$ worth of fees in BTC,LTC,ETH and you create 300 NOVS. They are distributed to all holders (lets say 300 owner).
Every owner gets 1 NVOS, goes to the market, exchanges the NVOS (who buys the NVOS)


3.1:    Can we decide what currencies we like for the NVOS?
3.2:    What happens to the different currencies and fees? Are they exchanged to BTC for payouts right away or left as is?
3.3:    How can we trust that we will receive the fees when you claim NVOS is 0.99cents (fixed price) but the exchange rate from the fees has dropped 50% in the week between trade and payout?
3.4:    Who is holding the fees for us in the time between trade and payout?
3.5:    How can we trust you site if the fees are not instantly send to investors?  I can't see a difference between NVO and BTC-E other that I store my funds on my own wallet instead of theirs...

Is there any information about how many investors joined the crowdsale  and bought tokens so far?
I can`t seem to find such information.
How can such information be verified?
I`m sorry if my questions sound stupid,i`m not very familiar with crowdsales.

2. Also used counterwallet to transferred BTC to NVO site but its didn't show any balance of BTC which I  have transferred to NVO site Is that normal ?

2. Also used counterwallet to transferred BTC to NVO site but its didn't show any balance of BTC which I  have transferred to NVO site Is that normal ?

3. If its normal when the crowdfund is over all I need to do is download and install NVO wallet in my PC and then key on my 12 wording private key in my NVO wallet then its will show the NVOT token which I crowd fund is it ?

Is there any information about how many investors joined the crowdsale  and bought tokens so far?
I can`t seem to find such information.
How can such information be verified?
I`m sorry if my questions sound stupid,i`m not very familiar with crowdsales.

HI Everyone ,

if I wanted to crowdfund and sending ETH from my MIST ETH Wallet when the crowdfund is over what will NVO provide me in order for me to get my NVOT ?

Is there any information about how many investors joined the crowdsale  and bought tokens so far?

How can such information be verified?

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

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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 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.

Uhm. Refer to my nickname:



I sent some money to my new counterwallet.io adress. There, i generated a new address, just to be on the save side. I took this address and posted it on nvo.io, like its meant to be. Then i took the BTC address from nvo.io and sent my funds there.
Now i got all the other altcoin addresses with 0 amount but also no amount displayed at the BTC address.

Did i fuck up?

Thanks!

I am not too familiar with multisig addresses, but I will do some research. I appreciate your persistence in this project and answering my questions. The ICO market seems way overhyped right now with people throwing money at projects they don't understand and have no idea can deliver. I don't think there is too much more for me to ask. I will send funding shortly. I wish the development team the best!

Developers who are interested in getting hired for this project who are also investors. Would the positions be advertised here or elsewhere?

IS NVO target for long term project?
Why nvo.io website is register only for short period only?

Registry Expiry Date: 2017-10-20

I need a couple of more answers.

I read a lot about it and I am a little out of date with my "skills" lol

1) I linked a ledger BTC address to the NVO. Does that address work? Its my personal address no exchange wallet tho basically it should work, but its a 24 word seed not 12....
Also i have multiple currencies on my ledger. Do I risk them if i open a counter wallet with my seed (in case thats possible because its 24 not 12 words)

2) There will be 15 million coins divided by all investors. Do the devs receive further coins, or do they simply cut out 50% of the fees for themselves?

3) From the timespan, how long does it take to have the product ready and launched? There are so many details with weeks of development that i lost count.

Hope anyone can enlighten me lol

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You are saying I'm not a dev? Are you insane? I developed single handedly the world's first smart contracting platform BitHalo which was also the world's first multisig client and first dual coin software and also dev Bitbay. Never have I hired out a coder and write the 50,000 line software alone.

Now first of all, I'm not insulting you. ALL I care about is security its what I do for a living. I'm happy to see you guys are doing dev work but there is a problem with your branding. And please cool it with your assumptions I'm not calling names. Your response was amusing and shows you don't really read properly (I never once insulted you, your paper doesn't adequately explain the protocol)

What you just described 2 of 2 linked to 2 of 2 is NOT SAFE.

Basically the validator holding keys in each account can pretend to be the buyer or seller and double spend their payment. Basically what you are describing is multisignature exchange not decentralized exchange. It has some very serious security holes.

Validator can pretend to be buyer or seller, default on outgoing payments and cash in on live trades. Validators sign key can also be hacked and then double spent.

The only way to do decentralized trustless exchange is atomic trading (and maybe lightning network).

What you propose is more secure than let's say Poloniex but it is absolutely not decentralized. Now you can get angry, call this fud whatever. There is nothing in this for me except to point out the flaw of collusion in this design. Fix it or not is your call but investors be aware this is a multisig exchange, not a Dex.

On that note good luck.

Developers who are interested in getting hired for this project who are also investors. Would the positions be advertised here or elsewhere?

It is the first post who is really perturbating me, especially when it comes from a legendary who says he is a developer, i think you are more a project reader then a developer, and then you come and speculate on projects.

I don't agree with you when you say "give me money and I will build a decentralized exchange", we are not scaming people and i don't tolerate such a lack of respect, and please don't try to minify the project saying the team isn't capable to deliver it.

Now let me answer as a developer, the one who will make the validator (for free, not to bother the development funds), as Yani will work on the wallet, and manage the development team, there will be another developer who will work on coins implementation, and another one for the API clusters, i own't disclose any information regarding because they are still not recruited, they will be paid hourly.

Yani will manage the development team, after the beta2 yani and i will work on the plugin system as it is also into my interest to build it, we will even deliver a plugin for coinpayment integration, it is an insider information but i think that most of the people knew about it.

Now let me talk as a developer and explain to you how your informations are restricted, as you are talking about have been done, and what is going to be done.

- OP codes manipulation is an option, and it may not be used. Because this is related to bitcoin only, and it would restrict NVO and would deprecate the plugin system.
- 2 OF 3  multisig addresses isn't an option at all as the two other participants could cheat on the validator, then the validator won't receive fees, and it is not in the interests of NVO.
- 2 Of 2, you are seeing it as like as you open a direct streem between A and B, which is useless because in the end, what will do the validator here ? in your case the Validator is what you call an Escrow even if it is not his main purpose. In the case of NVO, the 2 OF 2, i will try to explain it in the most way so that you can understand it :

A and B want to trade, A will create a 2-OF-2 with the validator, B will create a 2-OF-2 with the validator. Once the validator verifies the order informations are good, and the transactions are valid, he will issue the required redeem scripts.

The validator will be hosted on safenetwork, i wish a good luck to any hacker who wants to hack into it, or even find it into the safenetwork. Actually with your closed logic, it will take you up to a life or two, unless someone gives you the sollution but it would too late as you won't be able to use it again.

Do not say that you are a developer as long as you can't innovate, developer = innovation not stagnation.

- NVO isn't a blockchain, it is a multi function wallet, with a DEX built on the safenetwork. You can still check their website, with the help of the plugin system, NVO can be a payment processor.

- Now talking about having enough, and fledged DEX, and about marketing, i asked not to give too much details about the validator on the whitepaper, because i wanted to explain it myself, and to explain the phenomenous amount of possibilities offered by the validator and the plugin system, as if i had to explain exactly in details the validator, we would have to create a lot more whitepapers, as he answer to Two big issues about decentralized trading, double spending and offline trading.

For marketing and community reasons, i prefered to let people's toughts open, so that future project developers can innovate using the NVO plugin system and its validator, which will enrich much more the NVO project.

- I don't want to say bad things about komodo but personally i don't really see how it can be usefull. I don't want to insult these projects, but most of them recreates blockchains, this a difference that most of the people have troubles to understand, NVO isn't a blockchain, it is a project who USES blockchains, it integrates them and complete their services.

- I never said that we will create LN for each coins, i said that it would be usable in order to let people know what is the actual stage of developer, in case someone decides to create  an LN DEX, and it wouldn't cost millions, nor years. And actually a lot of coins are already implementing their LN, you can check them.

-You know, even Bitcoin can be hacked in the future, everything is hackable, the technology is moving vary fast it is not frozen in 2017, there is no such "secure" system, and there will never be, even matrix (the movie) have been hacked.


To conclude, you gathered all the shits from the other projects and you throwd them here without even understanding the project, i would have appreciated if you asked me questions about NVO first, instead of throwing unrelated projects problems, and then you insult me even more when you say that i ask for people's money.

No longer insult me without real arguments.

Would the positions be advertised here or elsewhere?

Why nvo.io website is register only for short period only?

Registry Expiry Date: 2017-10-20

I linked a ledger BTC address to the NVO. Does that address work? Its my personal address no exchange wallet tho basically it should work, but its a 24 word seed not 12....

There will be 15 million coins divided by all investors. Do the devs receive further coins, or do they simply cut out 50% of the fees for themselves?

From the timespan, how long does it take to have the product ready and launched? There are so many details with weeks of development that i lost count.