Topic: [ANN][CrowdSale Ended]🌟🌟🌟🌟 NVO Decentralized Exchange | MultiWallet 🌟🌟🌟🌟 - page 16. (Read 169985 times)

The current conversion rate doesn't matter. What matters is the conversion rate over the past year. It is full on bear now, Alts did well against BTC at various points last year. I remember dash got up to .09 at one point. You have to think of this over time not stagnant.

short info
about the people complaining that 1400 btc are not enough (so from alt to btc) you all forgot that altcoin crashed extreme.



OLD Conversion Rate

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



Todays conversion rate (13.08.2018)

BTC: 1
LTC: 0.00903533
XRP: 0.00004485
ETH: 0.04612566
MAID: 0.00003805
DASH: 0.02342568
WAVES: 0.00032511
DOGE: 0.00000037
ETC: 0.00200381

just look at eth 0.12242700(past) vs 0.04612566(today)
Now at Nvst 0.00020366666(past) vs 0.00009333333(today)
So we can say if the refund/buyback happens that nvst was a better invest than eth back than ( or atleast it was not tha bad as eth).

I'm confused as to the rationale that would allow a vote at this stage.

With talk of voter manipulation, assertions of misappropriation of funds, one founder apparently prepared to bring a lawsuit against the other (i.e. Imed vs Ton Bi), and some investors prepared to bring this in front of European boards... I don't see (ethically/logically/etc...) how this could be left to a vote. Any sort of vote that extends this further will very likely succeed in expanding the size of the mess.

It's also worth noting that Imed has apparently published a copy of what appears to be a legal request for a prosecutor to take action against whom I presume to be Yanni. The legal request apparently alleges property theft, identity theft, and fraudulent bank accounts. Given that these are not minor allegations... decision about a vote should not hinge upon Yanni's involvement or lack thereof until such a time where he's cleared legally. My estimate is that investors would prefer not to wait for the duration of time this would take.

With the scale & pace at which government is being invited into this I could see it expanding to the point of legally ensnaring everyone (including escrows). It's been my impression that investors aren't liking the idea of having liquidity tied up in this for years while the only progress being made is to the financial benefit of lawyers. It's not even a matter of regret investing where absurd demands are being made by the investors either. Most appear happy to take their 60% haircut and move on.

That... and if a vote would win any kind of legitimate (e.g not manipulated) majority... then the founders should not be concerned by the idea of a refund. Any legitimate majority in their favor would happily reinvest after a refund proper.

do you have a sense of humor  ?
i call this gallows humour. got it?

First: Figure out a voting method unless 'yanni' suddenly appears and agrees with ton on that refund decision. Second: Refund/buyback (whatever terminology you want to use).

I left it voluntarily. The censorship is bad as is, but there are also lot of self-entitled assholes in there which makes it pointless to try and remain there in the first place. You can follow updates here.

Are you intentionally trying to be annoying?

should this topic be moved to Scam Accusations?

Thanks guys, i'm glad that some of you appreciated work.

There is only remaining 1,140BTC sitting here 36Uh2ine6UzWGPTDYdENqS6pj6Rzx4Q67R
It is funny, in current prices it's 7,3M USD, if they buy back 15M NVST all investors can get ~0.5 USD per token.
Bitcoin magic

Cool4y was not only who spokes truth but he was constantly harassed by band of sock puppets. There are tons of comments calling him "an idiot" or so. I glad to see how the time had point out who are man and who are piece of crap here.

I was just blocked and removed from the telegram group after I asked what the millions were spent on. I believe Nixims is Ton in disguise because he is brand new and has only appeared recently and is very against knowing what the money was spent on. This reeks of scam as well as censorship. I have been active on telegram and slack since the beginning. There was no reason to remove me from the group.

Great! First time i am seeing actual project with real working product.

Can we get an official update on where things are going currently, just roughly speaking. Is more time needed, are more things being collected as information. A lot of things have been said, but the end of the day there's still a bigger question waiting for its final words.

Can we guys (heh), Lauda, expect a decision by Friday? Does that seem plausible?

Ton on Telegram after pretending not to know the amount collected. Ton is a liar.

I agree 100%. Anything else is just a delay of the inevitable. I know this much: there will not be a Dex by either of them after the buyback. Both Ton and Imed will eventually disappear because of lack of funds.

Anyone that wants to back their "candidate" afterwards put your money, not ours, where your mouth is. You can contribute to their projects as you see fit.
 

I want to clarify that it would be perfect, but that I see no chance of getting a 100% refund - so I would like to see a refund of remaining funds.

Anyone with half a brain can see from both the preliminary vote and from general consensus across all chats that a refund is the overwhelming winner of any vote that will and has ever been done.  Stop with the useless time wasting and just proceed with the refund already.

All-

I suggest that the escrow follow through with the weighted vote they wanted to do.  Ton is currently pushing for the use of parallel voting tokens so larger holders will not be able to have a stronger community vote.  This makes sense from his view because of course, he doesn't want the project to end.  You can see the voting token here: https://xcpdex.com/asset/NVSTVOTING

To All:

I have done a calculation on the amount of USD spent by the NVO team over this past year. NVO raised 3055 BTC (with ALTs equivalent at the time of ICO end), and there is around 1143 BTC remaining (this is not the final amount the true amount has not been tabulated). The 1143 is located here:

https://www.blockchain.com/btc/address/36Uh2ine6UzWGPTDYdENqS6pj6Rzx4Q67R

Roughly speaking that means that around 159.33 BTC were spent per month over 12 months of the project. Here is the back of the envelope calculation for the amount of money spent by NVO team (apologies for the formatting):

julio   2500       398.325,00 $
agosto   2874     457.914,42 $
septiembre   4776   760.960,08 $
octubre   4303     685.596,99 $
noviembre   6440   1.026.085,20 $
diciembre   9865   1.571.790,45 $
enero   14080   2.243.366,40 $
febrero   10169   1.620.226,77 $
marzo   11044   1.759.640,52 $
abril   6561   1.045.364,13 $
mayo   9000   1.433.970,00 $
junio   7558   1.204.216,14 $
julio   6387   1.017.640,71 $

Added up together they have spent $15.225.096,81

There are a few questions in this calculation such as when exactly the money was converted, and if the alt coins appreciated at the same rate as BTC, but it holds. The team had 3055 BTC (including Altcoin equivalents) at the start and there is 1143 BTC left. There has been no expense report released by the founders accounting for the spent funds. The only product released is the beta wallet. Ton has stated that ICO funds were "wasted" on something called Xenio. And when I brought this up on the TG group I was cussed at and insulted by Ton the CEO on the chat. For these reasons I believe a buyback is the only correct solution to this problem.

Lauda,

Shouldn't the simple fact that one of the founders is missing entirely be enough to issue the buyback? I invested in a project with the expectation that the founders would continue it. This dissolution of these people is in violation of the white paper. I did not invest in a project that had a missing founder, and 2 other founders that are fighting. Yanni was a driving force for the project, and he left without a word.

Thank you

Yes I second this