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Board Announcements (Altcoins)
Re: [ANN][CrowdSale Live]🌟🌟🌟🌟 NVO Decentralized Exchange | Multi Wallet 🌟🌟🌟🌟
by
btxu
on 19/06/2017, 21:39:11 UTC
I contributed to this in BTC - and sent from a JAXX wallet. Should that work fine?
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Board Announcements (Altcoins)
Re: [ANN][CrowdSale Live]🌟🌟🌟🌟 NVO Decentralized Exchange | Multi Wallet 🌟🌟🌟🌟
by
btxu
on 18/06/2017, 17:45:31 UTC
I'm sorry but I have a question, my NVO coins will be sent to my bitcoin desktop wallet? I can view them in my wallet bitcoin core? Or is another procedure required?
There are no "NVO coins". There is NVOT/NVOS, both of which are counterparty tokens. You will need to import your private key into counterparty.

$28 a week - or just over $100 a month - and it would be a year and a few months to break even. However $5,000,000 is about 10x more than the most successful crypto exchange currently deals with.
In what fantasy world does this statement make sense? The current market leader, Poloniex, does about ~$500 000 000 in daily volume1. That is 500 Million USD. You are confused.

[1] - https://coinmarketcap.com/exchanges/volume/24-hour/

Ahh! I'm glad, I missread! Went to look at what the highest exchanges currently trade daily - and for some reason saw it as 500,000 - my mistake.

The rest was correct though - at 500,000 daily it would be an extremely bad investment, but if it goes higher than could be quite good.
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Board Announcements (Altcoins)
Re: [ANN][CrowdSale Live]🌟🌟🌟🌟 NVO Decentralized Exchange | Multi Wallet 🌟🌟🌟🌟
by
btxu
on 18/06/2017, 17:21:32 UTC
Quote
Let me explain to you why 2 tokens.
NVO Token will represent the market cap of the NVO project.
let's imagine a daily volume on the NVO exchange of : 500.000 USD.
Weekly it is : 3.500.000 USD
Let's say Bob exchanges Bitcoin for Alex's Ethereum.
NVO will take a fee of 0.2% at the moment of the transaction from Bob and from Alex which will result in a total of 0.4% on the transaction.
During a week of trading, NVO will collect 0.4% of the trading volume which is 3.500.000 USD resulting in 14.000 USD.
NVO will keep 7.000 USD, and share 7.000 USD among the  NVOT holders.
In order to get deeply in the details, and know how much an investor will get as a return, let's say that NVO collected 300.000 USD from the crowdsale from 200 investors or bakers.
The average investment by investor would be 1500 USD.
As the weekly collected fees would be 7.000 USD / 200 investors, it would return an average of 35 USD.
In this case, NVO won't have troubles regarding legal stuff as it will process tiny amounts, and won't be forced to be centralized by an authority.
But if NVO does a 5.000.000 USD  volume daily, which is reachable, it would bring 35.000.000 USD weekly volume, 140.000 USD fees collected, and 70.000 USD for the investors which will result in 350 USD weekly for each investor on average. Monthly it would be 1400 USD, and this would attract the attention of the authorities depending from which country the investors are using the wallet.
In order to protect NVO and the investors, the NVO team decided to create the NVOS who's value will be fixed at 0.99$. On the legal plan, as the price of NVOS will be lower then 1$, it's processing will be considered as a gift, which will keep it legal, like faucets.

If you have questions about the volumes, please visit this link : http://coinmarketcap.com/exchanges/volume/24-hour/
You willfind a list of exchanges with their daily volume, you could then have an idea of the future volume of NVO.

Taken from the comment in page 3.

Given the new information, of funding of about 3,000,000 USD

Let's do a hypothetical, and say on average each person invested $1500 worth of bitcoin.

That would make 2000 investors. Give the maths above - if a daily volume on the exchange of $500,000  - that would leave $7000 split between 2500 people every week.

$2.8 per week. or just over $10 a month.

To recoup their investment - they would have to be collecting that for 150 months - or just over 12 years - to break even.


If we go with the hypothetical "reachable" $5,000,000 then that changes to

$28 a week - or just over $100 a month - and it would be a year and a few months to break even. However $5,000,000 is about 10x more than the most successful crypto exchange currently deals with.




I'm thinking the maths doesn't look good.



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Topic
Board Announcements (Altcoins)
Re: [ANN][CrowdSale Live]🌟🌟🌟🌟 NVO Decentralized Exchange | Multi Wallet 🌟🌟🌟🌟
by
btxu
on 18/06/2017, 12:30:07 UTC


I joined this - but the address I sent the BTC from, is different to the address I created to have the Tokens paired with.

Is this going to be an issue? I own both addresses (the sent from, and one I paired with) so I'm assuming not?
If you send BTC from address A, then you will get tokens on address A. For Bitcoin, it does not matter which address you put into the dashboard (although, obviously it is recommended to input the same one).

Ah ok, and Jaxx wallet addresses are compatible?
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Topic
Board Announcements (Altcoins)
Re: [ANN][CrowdSale Live]🌟🌟🌟🌟 NVO Decentralized Exchange | Multi Wallet 🌟🌟🌟🌟
by
btxu
on 18/06/2017, 10:49:10 UTC
I joined this - but the address I sent the BTC from, is different to the address I created to have the Tokens paired with.

Is this going to be an issue? I own both addresses (the sent from, and one I paired with) so I'm assuming not?
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Topic
Board Bitcoin Discussion
Re: Returning to bitcoin after 2 years! shocked at confirmation time!
by
btxu
on 13/06/2017, 17:39:15 UTC
I have a similar issue.

Been holding a bitcoin in MultibitHD.

Have tried to send a week ago using the default transaction fee that worked in the past. (0.00001) - I don't think it support dynamic fees.
It didn't work - and has been stuck as unconfirmed.

The address I was sending to was another from the same wallet (I was doing this for the Byteball sync a few days ago)

I have since tried to send again to another separate wallet - and upped the transaction fee to the default setting in Multibit (0.00005)

This still hasn't gone through.


I'm concerned my BTC will just be stuck in some weird perpetual limbo - I don't really understand what to do in this situation, if the transactions will time out, or what to expect.

If anyone here has any advice I'd really appreciate it.