Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CrowdSale Ended]🌟🌟🌟🌟 NVO Decentralized Exchange | MultiWallet 🌟🌟🌟🌟
by
centersmissing
on 15/01/2018, 15:00:39 UTC
Quote
it is not about that, the listing issue isn't about been ERC20 or not, the exchanges are scared as they are considering NVST as a security, which why they don't want to list.


What are the implications here for NVO/NVST holders and how do they get dividends if no other exchanges will list the token?Will vesereus have liquidity that allows NVST dividends to be cashed out etc?Also how will compliance be done if this is classed as a security when people did not understand this was situation when they bought their tokens etc?

NVST holders will not receive proceeds from the decentralized exchange until that exchange is running, and the payouts of NVSX as well as the buyback to convert to BTC will all be handled by the decentralized exchange and wallet.  Veserus is a centralized exchange that will not be associated with NVSX tokens.  As far as we know, NVST holders will not receive a portion of fees collected from Veserus.  As far as compliance, NVO is a decentralized entity and is under no governmental jurisdiction.  It is up to each holder of NVST to determine the legality of their NVSX payments.