Hello everyone.
As I've seen that some people have been asking about the escrow setup for this project, I've decided to make a unofficial announcement. I am most likely going to be one of the escrows for said project. A multi-signature wallet will be used along with some single-key wallets. Stay tuned for the exact details of crowdsale and the escrow.
Sincerely,
Lauda
It will be a real pleasure to work with you. We will try to setup th ebest conditions for this adventure.
The multi signature have been proposed by lauda, this system will be annother protection to the investors. Other escrows will join, minerjohns and Yahoo. It will be a 2OF3 multi signature wallet, so if they don't agree to release the funds upon milestones, the investor's funds will remain under their controle.
Other escrows could join the operation.
you only open online wallet service and need much big money to run youre project
i think if project only online wallet not anything advantage is very dificult investor can interest and buy youre coin
It is not an online wallet (like blockchain.info), it is a cross platform desktop wallet, you will be able to use it even from your phone.
You won't have to send your funds to an exchange if you want to trade them, you will be able to do this directly from the wallet, into a decentralized environment.
The wallet will be enriched with a plugin system to allow a deeper customization of your wallet.
Let me explain to you why 2 tokens.
NVO Token will represent the market cap of the NVO project.
let's imagine a daily volume on the NVO exchange of : 500.000 USD.
Weekly it is : 3.500.000 USD
Let's say Bob exchanges Bitcoin for Alex's Ethereum.
NVO will take a fee of 0.2% at the moment of the transaction from Bob and from Alex which will result in a total of 0.4% on the transaction.
During a week of trading, NVO will collect 0.4% of the trading volume which is 3.500.000 USD resulting in 14.000 USD.
NVO will keep 7.000 USD, and share 7.000 USD among the NVOT holders.
In order to get deeply in the details, and know how much an investor will get as a return, let's say that NVO collected 300.000 USD from the crowdsale from 200 investors or bakers.
The average investment by investor would be 1500 USD.
As the weekly collected fees would be 7.000 USD / 200 investors, it would return an average of 35 USD.
In this case, NVO won't have troubles regarding legal stuff as it will process tiny amounts, and won't be forced to be centralized by an authority.
But if NVO does a 5.000.000 USD volume daily, which is reachable, it would bring 35.000.000 USD weekly volume, 140.000 USD fees collected, and 70.000 USD for the investors which will result in 350 USD weekly for each investor on average. Monthly it would be 1400 USD, and this would attract the attention of the authorities depending from which country the investors are using the wallet.
In order to protect NVO and the investors, the NVO team decided to create the NVOS who's value will be fixed at 0.99$. On the legal plan, as the price of NVOS will be lower then 1$, it's processing will be considered as a gift, which will keep it legal, like faucets.
If you have questions about the volumes, please visit this link :
http://coinmarketcap.com/exchanges/volume/24-hour/You willfind a list of exchanges with their daily volume, you could then have an idea of the future volume of NVO.