Topic: [ANN][CrowdSale Ended]🌟🌟🌟🌟 NVO Decentralized Exchange | MultiWallet 🌟🌟🌟🌟 - page 138. (Read 170140 times)

Yes currenctly veserus is down because i am still implementing features, working on video/voice chat, and it is better because people would have tried to connect to it while it is still in development.
I have to add more features to compete with the other exchanges.
Some users registered and i tried to deposit to trade, so i had to refund and downed the website.

For background questions, i already replied here : https://safenetforum.org/t/nvo-decentralized-exchange-crowdsale/13608/359
Feel free to ask more questions.

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Thanks for the info.

A few concerns I have regarding the development team.

I am trying to get more background on Yanni, but his LinkedIn profile is unavailable. There is little information to go off. The NVO website does mention he was Head of Development for Veserus crypto exchange. Currently www.veserus.com is a dead link. The thread for Veserus mentioned that the exchange was 90% complete in January, what happened to the exchange?

https://bitcointalksearch.org/topic/veserus-new-exchange-platform-ico-ipo-cf-specialisation-recruitment-1693034

Regarding Ton, I reached out to a former co-worker of his and he gave positive remarks and mentioned possibly using their exchange for his business in the future. I would prefer his LinkedIn profile be more populated with experience and background.

I will probably take a chance and help fund this startup, but I would feel better if more technical background was available.

There is volatility to consider, when accepting different currencies for escrow during a crowdsale from time of deposit to time of delivery of the converted asset (tokens).  The issue is averted when accepting only one currency for escrow from all investors.  However, for convenience,  ideally, various currencies are accepted during a crowdsale event.

The NVO crowdslae, as an example, is accepting over 5 different currencies for investment.   

If a bitcoin donated now is worth 10 eth and tomorrow it is worth 5 eth, the investment ratios between two parties, party one investing 10 eth and party two investing 1 btc, become skewed.   The conversion at time of distribution is equitably based on some neutral fixed asset measured at time of conversion.

Therefore, the amount of tokens for any given donation cannot be immediately known when accepting various currencies for donation/investment as opposed to just one currency.  It is the most obvious reason preventing the pre-sale conversion amount.

This is obvious to some, but worth mentioning to others in case anyone might be wondering why no token to currency value is stated before investment.

Volatitily is the subject of patent pending(s) I have as applied to decentralization architectures.

So a couple of segregated witnesses came to my door the other day "Gods love is unlimited, but our patience is tempting".

Anyone interested in this elaboration, (or the joke ha!) meager donations accepted here:  19baMnvNEo3aQwPo7kdmRNAAkr17bLGk3P   

Hmmmm
I just dont get the things with the wallet, if it's a bitcoin Adresse how can it carry NVOT ?
Is a wallet like Bitgo a safe choice ?
Im sorry but i really dont understund this !
Cheers 

I would like to share a post i made on the safeforum, they asked me if we are going to help MaidSafe in the development, i decided to answer about how the development will be, after all i am a member of BTCT community, and i must keep my community informed :

I know that MaidSafe is working since three years, but NVO won't need 3 years to deliver, and have to be ready in 6 months, after the crowdsale we will finish the full specifications of the NVO DEX, and will do all the remeaning research in the same time, which will require 15-20 days, untill there, everyone would have received their tokens, and the team owuld get the first milestone. 50% will go to Ton, and 50% will go to Yani.
Ton will amortise a portion of the marketing, and will setup the administration side, marketing, design, support.
Yani and I will recruit some developers and assign them the different tasks as we would have done the working dashboard, with the research results as a developer have to do a minimum of research before working on a project to get damiliar with the tools he will use, that will save time for the development, for sure we will listen to the developers regarding the possible improvement ideas and issues.

An API documentation needs 1 to 2 months to be redacted, the team will have to follow the timeframe of the documentations, Yani will work on the wallet with the designers and implement the features on the go, he will have to communicate with the API developer(s), I will work on the validator, and another dev who will implement the different coins with their assets.

Meanwhile, Ton will be in charge of the support and will take care of the communication, he will also work with the designers to get a fluid and clear design.

Alex will take care of the NVO promotion as we are at 99% sure that he will be the marketing manager and will work with Ton.

After the 1-2 months of intencive work, i will spend 1 week watching drangon ball, marvels, drinking beer and sleeping, as i will need to recover  (i am sorry for this off week but need to have some rest)

After that, we will proceed to the tests and fine tuning during 21 days, the operation's duration will be about 4 months. From there i think that our team will be heated enough to support MaidSafe and help them.
The development fees will be taken care of by NVO, not MaidSafe as all the projects supported by NVO. As we don't know about the financial situation of the different teams.
It is in the interest of NVO to help all the communities as this is what will bring the volume in the future, and MaidSafe could see and evaluate our skills after these 4 months.

I am investing about half a Bitcoin.
This looks very promising, I hope you pull it off.

As soon as the crowdsale is closed, we will process the deposits and then convert the coins, except for the low volume coins as they could be dumped, these will be exchanged gradually.

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NVO isn't a blockchain project, NVO wants to use the blockchains and be complementary to them, it aims at supporting the different cryptocurrencies and crypto projects.
NVO will offer a plugin system in order to give the possibility to the different service providers and crypto devs to bridge their projects to NVO and provide support for their project to the NVO users.

The first plugin will be for coinpayments who wants to bridge a payment processor plugin into NVO. It will be one of the volume sources for NVO. It is also possible that Alex the CEO of coinpayments becomes the Marketing manager of NVO as he managed to get 200k users for coinpayments.

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If the validator is ready, and SafeNet isn't ready, we will first help them with the development, but if it is still impossible we have though about alternatives like, Radix or a even our own P2P network with our own blockchain using some cryptocurrencies features, it would take about 4 additional months to deliver in this case.

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Thanks for the feedback, as i see in your post there is a mix of concepts, let me clarify.

There are no servers, except the API clusters and they are used to provide informations to the wallet users and as a basic support for the plugins who may require it.

The NVOS have been added to the project in order to keep the project legal as its value will be fixed at 0.99$, as any amount sent below 1 usd is considered as a donation or a gift, it won't be NVOT or Bitcoins, it will be a convertible token which will work as a faucet for the owners of NVOT, it will also give more flexibility to the NVOT owners as they will be able to either store the NVOS and exchange them later, or exchange them directly for Bitcoins. It is like asking wether a faucet is legal or not.

I hope that the answer helps you to clarify the different concepts, do not hesitate to ask for more informations.

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The first coins to be implemented will be the NVOT and the coins supported by the crowdsale, then will come the others. We are aware of the difficulties regarding XMR, the plugin system will be handy to include them into the wallet as we will be able to create a customized environment to handle XMR which will ease its integration.

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the team will examinate all the possible sollutions regarding exchange listing and will inform all the participants of news regarding this point.

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Thanks, welcome and good luck, feel free to share your experience and troubles.

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Would be a challenge, risks of centralization, but will definitly think about it !

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even if implemented, you won't lag, it won't be centralized.

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its 13 days left based on the ticker on their page

Oh god please, if there is a chat box, it should be very, very separate from the main page haha! I love chatting with others too but not if all I see is spam and the chat moves too quickly to read. AND it shouldn't make my main page laggy!

Backing up this crowdsale too. Would love to have a decentralized exchange too.
Hope there's a decentralized trollbox too!!!   

Around 4 days left for the end of crowdsale NVO has gained investment of around 250 btc. Expect this to reach at least 300 btc, because this is something far apart from other digital currency projects. The success of this is assured and so gonna serve as a different platform in the exchange services.

Sorry if this is not useful information, but since I am a newbie, and this will be my first ICO (also my first signature campaign!) I would like to announce that I will participate with 0.01 BTC by end of this week. Yes, it's not much but it is actually my first significant amount earned over many weeks/months.

It's also very new to me to register for a counterparty wallet. I don't know any friends who have done it so it will be a good learning step for me. I'll update in a few days how it goes.

You do not need to download any wallet just visit https://wallet.counterwallet.io and register for your wallet, you shall see the btc address that can store counterparty tokens once you log into your account.

Please note that it is very important to keep your pass phrase in a safe place.

Once after the crowdsale can expect the coin getting listed to some of the exchange platforms. Mainly this gets started with NVO.IO Exchange. So there won't be any complications In the buying and selling of the NVO coin.

What would be the first coins included beyond the demo release? Will Monero be included in that first batch of listed coins or will it be integrated later?

I ask because XMR seems to be the coin that is hard to integrate maybe because of its RingCT feature? I know Jaxx had a hard time integrating it, and dropped it from their road map.

I have checked this project out for days now and i like the idea, however there are some points i need to be clarified.


By owning NVOT I am basically shareholder from an asset exchange.  For my investment in the business I receive NOVS as dividends. So far so good.

The problem i see is the legality, by being part time owner or shareholder of an exchange for digital assets which are regulated in almost all countries.
By offering the key function, your site works as an intermediary system, enabling the exchange of multiple coins. In most countries you would therefore operate an unlicensed business and all income/ dividends from said business would be unlawful and punishable by court.


How do you operate the site, where are servers, what security do you plan to not run into problems with FinCEN or other official authorities?


Especially in this case it is even more difficult since it is decentralized.  We will receive a fixed payout of 50% of the fees. Therefore it is not even like a dividend in classical meaning....



I hope you can explain how you wanna tackle the legal aspects of operating and investing in your project.

This is great ICO, NVO is coming sooner...

Grab it NOW!
https://nvo.io

Regards

okane Satoshi

I couldn't say for sure. I'm going to say anywhere between the end date and the first of July is the likely number. This requires both the developers and the escrow(s) present.

IIRC they did mention some alternative to Maidsafe in this thread. Read through it or wait for nemgun to respond.

Yes. You can find the list of recommended ways of generating an address in the Dashboard.

No.

So i just want to clarify.

So i have to download my own private wallet for the site?

Btc address from blockchain is not possible?

Also can this launch BEFORE maidsafe goes live?

I hear maid has had a lot of issues. its making me consider holding off.