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?
There are no implications for NVST holders. NVST holders will receive dividends directly from the DEX, once per week, taken from half of the trading fees collected from platform users. Not sure what you mean by liquidity of dividends, since dividends are paid from fees and don't exist until fees are collected (at every trade.)
As for compliance, this is a decentralized exchange. Not sure who regulators would go after exactly. But, at least in the US, it is not illegal to *purchase* an unregistered security.
edit: Also... what he said ^