Topic: [ANN][CrowdSale Ended]🌟🌟🌟🌟 NVO Decentralized Exchange | MultiWallet 🌟🌟🌟🌟 - page 137. (Read 170140 times)

I think if you are investor, you can get a lot of shares through crowdsale. If you wana help the Company by your services, you can search for this thread or also PM the dev.  Already they are offering a great Signature campaign through which one can promote their project all over the forum.

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

Registry Expiry Date: 2017-10-20

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

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!

Sorry, maybe I haven't been clear enough, creating a multisig address with the validator means that you will use one of your addresses, and create a multisig address using one of the validator's addresses, the result will be a shared address, which means that even if a user have the private key of the parent address (the one used to create the multisig address) and tries to broadcast a transaction, the validator will refuse to sign it as any transaction would require both signatures.

If you are investing altcoins, then that is the right step. If you are investing Bitcoin, you need to keep in mind that the address that you enter into the dashboard is not important (although, optimally it should be the same).

You need the private key of the address.

I added a receiving address from my electrum wallet to the NVO(-ICO) account, as the guide says...

But I wondered if I need the private key by itself (the one which belongs to this one receiving address) afterwards or if I can use the seed (12 word phrase) to use the NVO wallet and see my NVOTs? (when they are distributed of course...)
Thanks in advance!

Superb, You can check with the moderators to about the distributing dates of the token. Lauda, she is best person to solve the queries in any project.

I hope NVO will come across and rank up to top decentralized exchange like bitsquare.io or other famous exchanges.

It was a little hard to bind my bitcoin address to the NVO, but finally i registered my personal BTC address to which i hold the private key.
Just waiting the day the tokens would start distributing.
Thanks to NVO

My second question may not have been clear enough. Since users control their private key, it is possible for them to have a non-NVO wallet that also broadcasts transactions for the same address. If I understand it correctly, there would be a small window of opportunity (fractions of a second) between when the validator verifies funds on the network and when it broadcasts a transaction. A user could broadcast a transaction with their non-NVO wallet after the validator has verified funds but before it broadcasts a transaction. The network will accept the first transaction from the non-NVO wallet broadcast and reject the validators broadcasted transaction as a double-spend. An attacker could quite easily take advantage of this critical loop-hole, hence the need for some measure of "Trust" between users on the exchange when conducting a transaction. If exchange volumes increased to a high level, would it be possible for a trusted user to launch a continuous massive double-spend attack across the market resulting in huge losses to users? DEXs are still a new concept and I don't know if this is a vulnerability or if it has been addressed or exploited yet.

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.

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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.

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.

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?

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.

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 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.

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

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.

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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

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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?

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

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!