NVO Decentralized Exchange - Crowdsale

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.
Now:
What are the main technical differences between NVO, Bitshares and Bitsquare?
What is the actual, tangible invention or innovation that NVO brings?

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It sounds like it will get sorted out. Thanks for the info. I will go ahead and invest, I am rather excited about this project.

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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 will not act as a proxy like the Launcher (which was a bit of a bottleneck) but instead let you interact with the network directly.

I watched half the video above so far and keep on hearing about the Launcher rather than the Authenticator

Also I’m very glad to hear you are such huge supporters of Safe and that you defend the choices you’ve made to build your dex around it.

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+1

I really hope you guys succeed. I think you might and that’s good enough for me :wink:

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Actually, there a single real DEX and it is bitsquares, but the problem is that it is too much complex and limits the users.
I don’t consider Localbitcoins as a DEX, it is more a marketplace with an escrow, they are not present everywhere, in algeria you can’t use localbitcoins.

This is a matter of reputation, they are active since a long time and they built a strong reputation, even if it they still have troubles with some customers regarding withdrawals.

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.

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.

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.

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.

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Are you really allowed to even say things like this? Aren’t there rules against such marketing tactics

This can’t be legal or advisable, right? People can quote you right there and possibly go after you I’d imagine

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He is just trying to give out an example of a specific market that we can target. However, I do agree we shouldn’t be giving out any example calculations, as it could send the wrong message that is why you won’t see anything on the homepage, slack or whitepaper about potential profit or claims of profits.

Regarding the results, Nemgun is very conservative, while I am more optimistic and believe in a much better result.

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Everything seemed fine until I read this:

really?

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Legally they’re ok for now, (at least from a UK perspective), because we’re talking about an unrrgulated asset, not an official company.

Regulators don’t generally regulate crypto assets yet - usually only companies.

Giving estimates is ok anyway, as long as they aren’t misleading, though generally they should be checked out by a ‘qualified person’ to make sure communications are fair, not misleading, and risks are put front and centre with estimates only visible after potential investors sign a statement that they accept the risks.

It’s always wise to emulate fitting in with regulation as far as is practical to protect investors and make things easier if regulation is applied in the future.

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I was hoping you would recruit people with maximum development knowledge, not minimum, who would at the same time be excellent at public relations. I understand such people can be hard to find, but they do exist.

I’m a bit of a perfectionist myself and I would like to point out some bugs on the nvo.io site:

  1. The bar under “Crowdsale” on https://nvo.io/#roadmap still doesn’t reflect the fact that the crowdsale has started, even though I mentioned this on Slack earlier.
  2. The link to Yanni Bragui’s LinkedIn profile on https://nvo.io/#team (https://www.linkedin.com/in/yanni-bragui-830125143) doesn’t work.
  3. The link named “View the latest wallet demo” doesn’t work.

The following html validator output may or may not be considered important, but please take a look:
https://validator.w3.org/nu/?doc=https%3A%2F%2Fnvo.io%2Findex.html

I hope you understand that I’m not trying to be nasty. I’m interested in the project and maybe my comments will even do some good. Everybody makes mistakes, but not everybody is able to admit them, learn from them and fix them.
I’m sincerely wishing you all the best.

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  1. Communication problems/errors = PR/communication person will be hired after crowdsale. We don’t have time to be reviewing what each other is writing right now.
  2. Linkedin is acting weird we don’t know why. Yanni created a new account for crowdsale. He didn’t have one before.
  3. Where is that?

I’m pasting the code snippet from view-source:https://nvo.io/index.html:
<div class="text-block-23">Open source wallet for storing crypto-assets. Keys are created client sided and never sent to any servers.<a href="#" class="link-3"> View the latest wallet demo</a>

From a Trader´s perspective:

Traders need their orders fulfilled in split seconds not wait for 10 minutes. Markets are driven by the passion of man. This emotional energy wants and needs to be expressed in the trading platform. Emotional energy does not want to wait 10min for an order to confirm. It needs to be flowing without any interruptions all the time in low traffic and of course especially in peak times. If you could have a DEX working as fast or faster than Poloniex then that DEX would steal all the business from Poloniex, Bittrex etc.

So much negativity is produced when centralized exchanges freeze or slow down in panics. So much negativity is produced when hacks happen. People don´t want to experience negativity. If you offer a secure way for users (especially sharks and whales) to trade fast then you`ll win the race.

Users will be throwing money at you. No doubt in my mind. I would love to leave all the centralized exchanges behind as would many many others. Speed is the missing piece.

Now if this is something a DEX can really do I do not know and with conventional thinking probably not. But if you do solve this puzzle you´ll be rich and famous :slight_smile:

BUT I did not see any comments about this feature of speed in your recent answers. Maybe I misread or maybe you do not have a trading background so I hope you take this advice. If you cannot solve this problem then I would not spend any energy in creating yet another slow DEX.

Ignore this advice at your own peril :smiley:
(This is all my honest opinion of course)

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No, it is just an example. This why we will use the NVOS. Faucets are allowed everywhere in the world.

Yes, i said that we will help maisafe, this is why i am confident about this point. I am not talking about a copy/paste of SafeNet, if we go for this solution, it will be a tailor made solution, but only if MaidSafe doesn’t want to work with us, and if the other projects refuses our help too.
Regarding the roadmap, Maidsafe is delivering the Alpha 3, but the validator won’t be usable unless MaidSafe releases Alpha 6.
You remind me of Ton when i first told him that it is possible to finish safenet or to build a similar network, somewhere, it is like if people are telling me that they loosed faith in this kind of project, because everyone keeps telling that it is hard to do it. It is easy to do it, just keep on motivating MaidSafe and they will deliver SafeNet, just kick some butts from time time if needed. At least that’s what i want to do, and offer my support.

@DavidMc0

Effectively and it is legal everywhere in the world, i asked a lawyer in my company for a legal advise on this case.

@Sascha

Personally i am never satisfied, and i prefer to form and teach the team, it won’t be enough to recruit people only, they will have to be trained, and it will be better for the team cohesion.

Thanks for the bugs, actually we received updates from Ton using workflow, that’s why we missed some details, i really appreciate.

Yani isn’t linked to social medias at all, so Yani created a linkedIn, and gave it to Ton for fine tunings, then when Yani reponed it in Algeria, LN got pissed off and they closed his account.

Yes Sasha, don’t worry for that, as i said, thanks for pointing to that issues. However, i will miss you guys once the crowdsale ends, actually i am working 3-4 hours a day on NVO, but once the crowdsale is finished, it will be 8-10 hours daily, i won’t have a lot of time for the different social accounts, and i have my companie in algeria, hopefully i don’t need to sleep a lot, 4-6 hours.

@anon96570664

I know what you are talking about, and the emotional state when you do a x2 or x6. Regarding the speed, NVO will use 2-OF-2 addresses, which can require a single confirmation, as soon as we finish the specifications, i will explore the 0-conf possibilities deeper, i already have an idea but don’t want to talk about it right now.

I feel the trader there, so thanks a lot for the Advise, trading speed is one of the major concerns of the DEX, because we do not want the traders to miss bargains :wink:

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Thats rhetorical? I can only hope.

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Yes Savage, it is just to explain.

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I understand, my suggestion is bare in mind that not everyone who reads these threads have in depth knowledge of the projects development and may take such examples as fact :wink:

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Wowzer. I’ve just seen how much you’ve raised so far! Bloomin’ heck! Congratulations. It looks like you’re going to be pretty well funded.

:clap:

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I’m an investor in MaidSafe. Is become apparent that some in the community, including @nicklambert and @dirvine and others have faith in you and your team. How this can be shocks me and should anyone following this thread. You have made a mockery of MaidSafe and the hard work of many involved. I see a display of complete and utter nonsense by you and your associates. Maybe this was your plan nemgum… and ton and the other guy was your pawn. This is bs and will not serve to advance MaidSafe.

Keep posting dude.

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I do offer to introduce ICO feature to withdraw funds from ICO ;-). for the people who might wrongly made decision to invest :wink: in you guys. If your investors are 100 % with you guys after recent posts there is nothing to be scared of ;-).