NVO
Cross-platform Modular Decentralized Exchange
Overview
Symbol
NVOT
ICO Price of Token
Start date
May 23, 2017
Closing date
June 27, 2017
Concept
NVO decentralized exchange is operated through two components. The first one is a multi-cryptocurrencies open source wallet. All keys are created locally on user’s device and never sent to any server. Users control their private keys, can send and receive funds, export wallet, and encrypt the wallet with a password or seed phrase. Developers can develop and add new assets through an open plugins system keeping the wallet lightweight. The second component is a validator hosted on the Safenetwork. Users will connect to the Safenetwork through the wallet to exchange. An application will match the orders issued by the users and check all transactions and order informations are valid. Unlike centralized and semi-centralized exchanges, there isn’t a wallet acting as a relay. Transactions are processed simultaneously through an order matching engine from one wallet to another. The validator on the Safenetwork will check if the transactions are valid prior to being exchanged. The orders are then matched and transactions broadcasted in their respective networks. The validator process raw transactions and doesn’t hold any private keys or assets nor can it sign transactions resulting in a trustless decentralized exchange using the Safenetwork to validate orders.
Links
Blog (link not available)
Reddit (link not available)
Linkedin (link not available)
Bitcoin Announcement (link not available)
Telegram/Chat Room (link not available)
Discussion (link not available)
Youtube (link not available)
Interviews Link and Articles (link not available)
Smart Contract Address (link not available)
Team
Ton Bi – CEO, founder
Yanni Braggui – Lead Developer, co-founder
Technology
Blockchain
Country