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Ratings NVO

Cross-platform Modular Decentralized Exchange

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.

3 2 expert ratings
Benchy 2.7
Review: coming soon PRO
value of tokens sold in ICO
Price in ICO
0.5190 USD
ICO start
23rd May 2017
ICO end
27th Jun 2017
Visit ICO website


All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Dr. Rex Yeap
IP Blockchain inventor | Serial ICT inventor | Angel Investor | Quant | Educator | Meditator
Rated on Aug 9, 2018
Modified on Aug 9, 2018

C1. This is a 2017 ICO Project, where the project the last date of ICO was on 27th June 2017

C2. There are still ongoing interactions of it's official Bitcointalk thread:

C3. While it is not the typical ICO Exit Scam (such as Denaro), there are seems to be some very serious issues with this project & team based on these reports:
b) List of other uncompleted project:

C4. The official Telegram chat group was seemingly created on 12 Dec 2017 but only 457 members (as at 9 Aug 2018):
This is a selected extracts of postings:
.....12.12.2017 18:49:45, ton [@tonbi]: >>upgraded the group to a supergroup<<
12.12.2017 18:52:04, Olli Koskimäki: yo yo
12.12.2017 18:52:22, ton [@tonbi]: I don't know how telegram works
12.12.2017 18:52:25, ton [@tonbi]: but let's see how it goes
.....12.12.2017 18:52:42, ton [@tonbi]: >>changed group name to "NVO Chat"<<
12.12.2017 18:52:54, Olli Koskimäki: Its actually quite awesome
12.12.2017 18:55:55, Mike: Any way we can get a link to help test the wallet? I heard the slack group had access to test.
.....12.12.2017 18:56:22, ton [@tonbi]: >>unsupported service message type: messageActionPinMessage<<
12.12.2017 18:56:48, ton [@tonbi]: We are announcing the official release of the beta soon
12.12.2017 18:57:15, Mike: Great! Look forward to it!
12.12.2017 18:57:22, Olli Koskimäki: Valve time?
12.12.2017 18:57:44, Olli Koskimäki:
12.12.2017 18:57:45, Olli Koskimäki: ??
12.12.2017 18:58:22, Trigul [@Trigul]: Hellooo
12.12.2017 18:58:32, Eric [@L432i]: Much better than slack
12.12.2017 18:58:38, Trigul [@Trigul]: Faster
12.12.2017 19:01:05, ton [@tonbi]: let's see how telegram handles spammers
.....12.12.2017 19:04:04, Dave Derivate [@DaveDerivate]: >>unsupported service message type: messageActionChatJoinedByLink<<
.....12.12.2017 19:06:46, MaxDev Honingstruik [@maxdev429]: >>unsupported service message type: messageActionChatJoinedByLink<<
.....12.12.2017 19:11:02, Capitan [@CapitanTutix]: >>unsupported service message type: messageActionChatJoinedByLink<<
.....12.12.2017 19:11:14, Ambroz: >>unsupported service message type: messageActionChatJoinedByLink<<
12.12.2017 19:11:34, Ambroz: Hello
12.12.2017 19:11:49, Capitan [@CapitanTutix]: Hello
12.12.2017 19:12:03, Ambroz: Is cool4 here ?
12.12.2017 19:12:12, Dave Derivate [@DaveDerivate]: ??
12.12.2017 19:12:46, Capitan [@CapitanTutix]: Not yet??
12.12.2017 19:13:16, Ambroz: I miss him ??
12.12.2017 19:15:09, Trigul [@Trigul]: Nobody misses him
09.08.2018 08:40:26, ton [@tonbi]: tldr: nemgun tried to withdraw 500 btc without the approval of yanni since he disappeared. Nemgun can't prove the existence of the validator. I contacted escrow and they blocked further access. Escrows forced a vote because they don't want to act as judges. Until nemgun agree to do a buyback with me we will have to continue with the vote. Since escrows are on vacation and won't be back until several more days I am trying to setup the vote to speed things up however it will take awhile. We will be using counterparty to do the vote as the official vote.
09.08.2018 08:42:35, Nixims [@Nixims]: Pinned?
.....09.08.2018 08:46:11, ton [@tonbi]: >>unsupported service message type: messageActionPinMessage<<
09.08.2018 08:46:17, Jeffrey: So should one that was waiting for wallet to sweep nvst tokens, sweep now?
09.08.2018 08:47:29, RadiumInHuman: Does the two first milestones funds where dedicated to your part of the project or only the second one ? Do you share equally the funds released by the first milestone achievement ? It is strange to deV the wallet alone the. Dev the validator, in my opinion both wallet& validator have to be dev in parallele ..
09.08.2018 08:48:35, ton [@tonbi]: Check the screenshots I provided from skype in the media section of this telegram.
09.08.2018 08:50:16, Nixims [@Nixims]: Probably we should if we want to buy btc for our NVST
09.08.2018 08:55:15, Jeffrey: ??
09.08.2018 08:55:35, Nixims [@Nixims]: Ton: "nemgun tried to withdraw 500 btc without the approval of yanni since he disappeared. Nemgun can't prove the existence of the validator." Does this not proof he tried to scam, but did not succeed? Aka he is a scammer?
09.08.2018 08:56:47, ton [@tonbi]: He tried to access funds that were already released by the milestones. He is allowed to do that however it would need at least permission from Yanni and I
09.08.2018 08:57:41, ton [@tonbi]: Since yanni disappeared and I can't see proof of a validator after 1 year I need to take actions against him and he is removed from the project.
09.08.2018 08:58:27, Nixims [@Nixims]: It is beyond me that there still are ppl willing to a degree to defend Nemgun
09.08.2018 08:58:31, ton [@tonbi]: This is after months of failed promises, lies and ignoring questions from the community about the validator.
09.08.2018 09:00:23, ton [@tonbi]: There's no reason he should hide the source code from the community. Provide evidence of the existence of the validator and he can move forward.
09.08.2018 09:01:06, Nixims [@Nixims]: Because there is non, that is what he is hiding
09.08.2018 09:04:17, Nixims [@Nixims]: Scammers don't want to work for the money, just take it
.....09.08.2018 09:07:31, R. Yeap (Dr.) [@dryeap](you): >>unsupported service message type: messageActionChatJoinedByLink<<

In summary, having reviewed some of the discussions in their official Telegram group, while one of their co-cofounder Yanni who is non-existent in the chat group and may have gone rogue, the other founder CEO Ton @tonbi is still holding the fort.

C5. Based on the complaint, their product may still have some very rough edges and they Ton+team might still be able to work it out?

C6: What is your smart contact address?

C7: NVO is operating under which company - would appreciate if you could share with us (a) name of the company, (b) company website, (c) company registration number, (d) office address so that we can visit you, (e) date of registration, and (f) country of incorporation.

C8. Who are the company directors of NVO?

C9: What is the token lockup/vesting period for the team members?

C10: Any reason why there seems to be no advisor for your project?

C11: What is the token lockup/vesting period for the institutional investors (if any)?

C13: Where is Yanni now and what is your plan regarding him?

C14: What's your Github address?

C15. For Ton's sake, I'm initiating my rating at T=2 V=3 P=2 but I hope to hear from Ton to clear up various misunderstanding in the above before things get worse. I will revise my ratings after receiving further responses to above comments and questions - both from me and from the external websites.

For your reply, pls use this notation, R1 for C1, R2 for C2, ..., R15 for C15.

Dennis Oosting
Founder of Serendipity Blockchain Solutions
Rated on Aug 8, 2018

According to the latest news the team performed an exit scam. Read more about it here: and

If you were one of the victims: "I encourage everyone directly affected by their confidence trick and all crypto enthusiast to expose this project to the attention of the authorities - SEC, EU authorities, or any regulatory body that could help to hold these men accountable for their actions. Don't let them get away witw it!"

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