Can someone explain how it works? I don't understand how NVO decentralized exchange works.
They've answered this in the thread already; pictures for visuals are in the "img" link.
noted.
thank you for replying me,,
so the price of this NVO token is depends of the amount that invested here ,,
every NVO holders will get NVOS ,,
but for NVOS price will be fixed at 0,999 USD for this i read on the whitepaper
this is great and fair enough for all investor
regards
Sorry i quoted your private message, but it is a really interesting point.
This system will protect NVO from dumps, as every NVO holder will receive NVOS, and the price will be fixed at 0.99$, this way, the operation will be legal as it is tiny amount, or micropayment, that's what will let NVO stay decentralized and legal, it will also protect the investors from the legal part. It will be like a faucet for the investors, and it will stay legal and combinable.
This is how the NVOS and NVO Token works. If someone decides to sell their NVO Tokens on a centralized exchange, he won't receive NVOS, as soon the buyer withdraws them to an NVO wallet, the validator will recognise him as an investor or holder and will send him NVOS.
http://i.imgur.com/iwAShLi.pngThis is how the validator will do to send the NVOS to the investors.
http://i.imgur.com/jsr3euR.pngThis sytem will protect the NVO Token from dumps, and will favorite the growth of the token's price proportionally to the generated volume as the NVO Tokens will receive more NVOS.
What would be crowdsale base price for a token.?
The price will be determined after the crowd sale, by the total amount invested, all the coins will be distributed.
so the price will be unpredictable
but did you have minimum target of investment for this project at crowsdale?
There is no minimum and the funds will be escrowed and released in a milestone system. More information will be disclosed later.
okay thank you,,
you say the fund will be escrowed,, who is the escrow for this project ?
The escrows will be updated along with the crowd sale details.
does it have the potential to replace exchanges like polo and bittrex?
We can't say still that it may have, but it has a potential, but what I am looking for is their Bitcoim wallet where you can have a full control of your currency assets, even in the exchange, you can have full control. The wallet may be still under development, but I know many users are looking forward to it too.
Think outside of the box and make a small comparison:
| | | Traditional exchanges | | | NVO | | |
| | | Centralized | | | Decentralized | | |
| | | Competitive fees | | | Competitive fees | | |
| | | Exit Scam/hack Risk | | | No risk of exit scam/hack. | | |
| | | Private keys owned by the exchange. | | | Private keys owned by individuals. | | |
| | | Privacy loss due to registration and verification tiers. | | | No privacy loss. | | |
Someone could probably come up with a better and more detailed comparison if they spent more time. This makes it perfectly clear why such a project has extreme potential.
