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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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.

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   

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.

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

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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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 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?

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.