1/777 really is a micro fee which is great for the users but not so profitable for DEX holders.
Could you please do the math if you use some medium size exchange volume numbers? Lets say Liqui with 50 mil daily trading volume?
Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 147. (Read 1192053 times)
February 08, 2018, 07:58:31 AM
February 08, 2018, 07:49:07 AM
I'm interested in DEX token and it's benefits from BarterDEX trading fees. Could somebody please give me a perspective if today I turn 1000 KMD tokens into DEX tokens what kind of profit can I expect monthly from the DEX fees from current volume on the BarterDEX?
I know there is no real adoption yet and the profits are most likely hard to even determine with only 1000 KMD token worth converted to DEX tokens but just to have an idea of potential gain if we get lets say 100 times more adoption than today which seems highly likely to me.
the revshare will be less than the 5% from KMD, so from that perspective it wont make sense. Of course at much higher volumes, this will change.I know there is no real adoption yet and the profits are most likely hard to even determine with only 1000 KMD token worth converted to DEX tokens but just to have an idea of potential gain if we get lets say 100 times more adoption than today which seems highly likely to me.
1/777 of the tradevolumes will go out as revshares, so it is quite diluted as that is one of the lowest fees and it is only to one side.
1000 KMD would get 0.1% of the DEX revshares. extremely hard to predict what the revshares will be.
February 08, 2018, 07:44:01 AM
I'm interested in DEX token and it's benefits from BarterDEX trading fees. Could somebody please give me a perspective if today I turn 1000 KMD tokens into DEX tokens what kind of profit can I expect monthly from the DEX fees from current volume on the BarterDEX?
I know there is no real adoption yet and the profits are most likely hard to even determine with only 1000 KMD token worth converted to DEX tokens but just to have an idea of potential gain if we get lets say 100 times more adoption than today which seems highly likely to me.
I know there is no real adoption yet and the profits are most likely hard to even determine with only 1000 KMD token worth converted to DEX tokens but just to have an idea of potential gain if we get lets say 100 times more adoption than today which seems highly likely to me.
February 08, 2018, 07:40:09 AM
...If a notary receives roughly 1500 KMD per month, then 80-90% of that for running a complicated masternode without needing any skin in the game is a pretty good deal imo...
Skin can be measured in many ways.The long and short of what I'm getting out of the last couple of pages is that instead of reinvesting my KMD into buying $35,000 worth of GPUs and hardware to mine KMD, I should have been saving my hard earned KMD and concentrated on buying votes.
So, in short, the rich stay rich and the poor stay poor.
February 08, 2018, 07:34:00 AM
...If a notary receives roughly 1500 KMD per month, then 80-90% of that for running a complicated masternode without needing any skin in the game is a pretty good deal imo...
Skin can be measured in many ways.The long and short of what I'm getting out of the last couple of pages is that instead of reinvesting my KMD into buying $35,000 worth of GPUs and hardware to mine KMD, I should have been saving my hard earned KMD and concentrated on buying votes.
February 08, 2018, 07:33:09 AM
If a notary receives roughly 1500 KMD per month, then 80-90% of that for running a complicated masternode without needing any skin in the game is a pretty good deal imo.
A NEM SuperNODE requires 3mil XEM, a DASH masternode 1000 - do the numbers, a lot of skin in the game!
A NEM SuperNODE requires 3mil XEM, a DASH masternode 1000 - do the numbers, a lot of skin in the game!
P-Trump makes some sense here, if more candidates than vacant places how else to decide, everyone likes the 1500 KMD per month, and I see many notaries run more than one.
This time I think few notaries will end up with all four regions, though it is possible. All up to the voters
February 08, 2018, 07:32:05 AM
...If a notary receives roughly 1500 KMD per month, then 80-90% of that for running a complicated masternode without needing any skin in the game is a pretty good deal imo...
Skin can be measured in many ways.The long and short of what I'm getting out of the last couple of pages is that instead of reinvesting my KMD into buying $35,000 worth of GPUs and hardware to mine KMD, I should have been saving my hard earned KMD and concentrated on buying votes.
February 08, 2018, 07:08:58 AM
If a notary receives roughly 1500 KMD per month, then 80-90% of that for running a complicated masternode without needing any skin in the game is a pretty good deal imo.
A NEM SuperNODE requires 3mil XEM, a DASH masternode 1000 - do the numbers, a lot of skin in the game!
A NEM SuperNODE requires 3mil XEM, a DASH masternode 1000 - do the numbers, a lot of skin in the game!
P-Trump makes some sense here, if more candidates than vacant places how else to decide, everyone likes the 1500 KMD per month, and I see many notaries run more than one.
February 08, 2018, 05:29:50 AM
I'm not sure what voting procedure we'll use this time, but I'll offer my thoughts here.
Call for nominations, then let each candidate publish their KMD ballot address.
Then do a snapshot of KMD and distribute VOTE 1:1 based on KMD holdings.
Then allow a few days for community to send their VOTE to registered candidates i.e each VOTE can only be sent once.
The above procedure limits any VOTE speculation to KMD blockchain, and that's OK IMO, if someone wants to buy VOTES pre election then they should do that by buying KMD before the snapshot for VOTES.
Direct VOTE trading is something we should avoid, crypto people understand the legitimacy of 'skin in the game' that comes directly from bitcoin PoW, but we all know the likelihood for speculation and 'games' if people can trade VOTE directly. Just take a KMD snapshot, distribute VOTE, and allow one VOTE send only.
Call for nominations, then let each candidate publish their KMD ballot address.
Then do a snapshot of KMD and distribute VOTE 1:1 based on KMD holdings.
Then allow a few days for community to send their VOTE to registered candidates i.e each VOTE can only be sent once.
The above procedure limits any VOTE speculation to KMD blockchain, and that's OK IMO, if someone wants to buy VOTES pre election then they should do that by buying KMD before the snapshot for VOTES.
Direct VOTE trading is something we should avoid, crypto people understand the legitimacy of 'skin in the game' that comes directly from bitcoin PoW, but we all know the likelihood for speculation and 'games' if people can trade VOTE directly. Just take a KMD snapshot, distribute VOTE, and allow one VOTE send only.
I think you have summarized it pretty well. And we need to have a userfriendly GUI, so as many people as possible can join the elections.
I hope for a high voter turnout as if there isnt, the next year VOTE will be allowed to be bought and sold. Also, it is important to have the best notaries running nodes for the security of KMD and for scalability of all the upcoming assetchains
February 08, 2018, 04:50:28 AM
I'm not sure what voting procedure we'll use this time, but I'll offer my thoughts here.
Call for nominations, then let each candidate publish their KMD ballot address.
Then do a snapshot of KMD and distribute VOTE 1:1 based on KMD holdings.
Then allow a few days for community to send their VOTE to registered candidates i.e each VOTE can only be sent once.
The above procedure limits any VOTE speculation to KMD blockchain, and that's OK IMO, if someone wants to buy VOTES pre election then they should do that by buying KMD before the snapshot for VOTES.
Direct VOTE trading is something we should avoid, crypto people understand the legitimacy of 'skin in the game' that comes directly from bitcoin PoW, but we all know the likelihood for speculation and 'games' if people can trade VOTE directly. Just take a KMD snapshot, distribute VOTE, and allow one VOTE send only.
Call for nominations, then let each candidate publish their KMD ballot address.
Then do a snapshot of KMD and distribute VOTE 1:1 based on KMD holdings.
Then allow a few days for community to send their VOTE to registered candidates i.e each VOTE can only be sent once.
The above procedure limits any VOTE speculation to KMD blockchain, and that's OK IMO, if someone wants to buy VOTES pre election then they should do that by buying KMD before the snapshot for VOTES.
Direct VOTE trading is something we should avoid, crypto people understand the legitimacy of 'skin in the game' that comes directly from bitcoin PoW, but we all know the likelihood for speculation and 'games' if people can trade VOTE directly. Just take a KMD snapshot, distribute VOTE, and allow one VOTE send only.
I think you have summarized it pretty well. And we need to have a userfriendly GUI, so as many people as possible can join the elections.
February 08, 2018, 03:44:26 AM
and my node would probably be quite unreliable, most likely the worst, but I'm not selling KMD anytime soon, so my crappy node would be in the bottom 30 every election, but still get elected every time.
February 08, 2018, 02:07:05 AM
I've been living on 2-minute noodles and baked beans for a long time, and the reason I did was because I knew jl777 understands the importance of revenue, income streams.
February 08, 2018, 12:46:55 AM
Now it's the US's turn. One day is left for decision of Senate Banking Commitee on crypto regulations. This is going to be deciding moment for crypto community. Does the Trump office have influence on them?
I think the US they are mainly concerned about ICO's and lets face it there is a fair share of scam ones out there. Regulation can also bring legitimacy as well. I am not too concerned about these senate meetings.
February 07, 2018, 10:51:42 PM
OK, call me stupid and confused....
If GuyB is "managing" and running the notary nodes for GuyA, why wouldn't we just vote for GuyB?
If GuyB is "managing" and running the notary nodes for GuyA, why wouldn't we just vote for GuyB?
If GuyB doesn't pay for VOTES, but GuyC does, then GuyA will send his VOTES to GuyC, or GuyD if he's offering a better deal.
Last year was an anomaly, not many candidates, this time around there'll be a lot more.
The thing I want to know is do the the top30 nodes from last year ever face elections again, or if they continue being in the top half do they avoid elections until they drop to the bottom half.
February 07, 2018, 09:57:50 PM
My previous arrangement has expired.
What % did you get last year for your votes?
February 07, 2018, 08:50:23 PM
How many notary operators are paying other people to run their nodes now?
February 07, 2018, 08:18:29 PM
OK, call me stupid and confused....
If GuyB is "managing" and running the notary nodes for GuyA, why wouldn't we just vote for GuyB?
If GuyB is "managing" and running the notary nodes for GuyA, why wouldn't we just vote for GuyB?
February 07, 2018, 05:40:35 PM
Fill your bags full of KMD now with this price range – it won't last long. KMD is a top 15 coin, now it's 48th (so unnatural). We are not as far as we may think from ATH. Yes.
February 07, 2018, 04:36:32 PM
Komodo Newsletter : Atomic Swap Scalability Stress Test.
Twitter : https://twitter.com/KomodoPlatform/status/961352354275774464
Reddit : https://www.reddit.com/r/komodoplatform/comments/7vzmsm/komodo_newsletter_atomic_swap_scalability_stress/
Facebook : https://www.facebook.com/KomodoPlatform/posts/579513532395222
News SuperNET : http://news.supernet.org/posts/HwQYK64E5nsM5wA4J/komodo-newsletter-atomic-swap-scalability-stress-test
Reddit : https://www.reddit.com/r/komodoplatform/comments/7vzmsm/komodo_newsletter_atomic_swap_scalability_stress/
Facebook : https://www.facebook.com/KomodoPlatform/posts/579513532395222
News SuperNET : http://news.supernet.org/posts/HwQYK64E5nsM5wA4J/komodo-newsletter-atomic-swap-scalability-stress-test
February 07, 2018, 10:02:43 AM
P-Trump withdraws as a candidate in the node election!
I've come to a mutually beneficial arrangement with one of the current testnet node operators, so I wont be running in the election myself. Please withdraw my name from the election site.
I've come to a mutually beneficial arrangement with one of the current testnet node operators, so I wont be running in the election myself. Please withdraw my name from the election site.
My KMD is currently 'unattached' for the upcoming notary election.
I haven't sold a single coin since the last election, so with interest my stake should be about the same (2.7%).
If you're considering running in the notary election for one of the available spots, and you want to discuss options that may secure one of the lucrative notary node positions let me know.
My previous arrangement has expired.
I'm a notary node operator, my 3 nodes are reellected because them notarize fine. I can manage your nodes if you are elected. With your 2,6 millions KMD could elected 4 node.
Let me know if you are interested.
Thanks
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