Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 257. (Read 1192056 times)

I little bit... thanks for you patience and attention. I'll wish the best for KMD. Personally I very bullish with what is coming.

I like what I hear!

I have probably missed it somehow, how will SuperNET engage in the first dICO? Will it at all?

supernet is the people that make the KMD ecosytem
hope that isnt too confusing

I got it. Thank you.

I'm just a little confuse about supernet, how they participate in all this? just in the agama wallet or something more?

Not strictly needed, but it will be the most convenient.
It is like the default install settings, vast majority will go with the recommended default.

I dont believe in forcing people by locking them in, it is about freedom, not lockins. Also, it is open source, if you start adding onerous restrictions, you help create forks without restrictions.

By being the best solutions without restrictions, there is no demand for a fork and path of least resistance will increase KMD usage.

Also, for specific things like dICO, the first hours are limited to KMD and for oversubscribed dICO, it gives a big benefit for KMD

So to use barterDEX is needed KMD?

barterDEX is the KMD ecosystem DEX
KMD is the ecosystem coin

As one does well, the other will do well

Maybe an illustration will help?

Let us assume barterDEX is doing $10 mil per day of trading volumes. Not to crazy big, but big enough to make the point.

Now all the barterDEX GUI will have KMD prominently there to trade against. Also trading BTC is painfully slow... So what coin is most likely to be traded?

Also, KMD will have the most marketmakers and liquidity. Let us say 1% of the daily trading volume decides to park itself in to KMD as it offers the most flexibility of trading to other coins.

Alternatively, maybe some people will want to JUMBLR their trade gains, they would need to convert to KMD to be able to do that

What the relation of barterDEX with Komodo. If barterDEX become a success how this could impact Komodo and why?

We are getting successful atomic swaps via GUI now and just in time for the mock dICO we plan to have next week.

I proposed that we put up real MNZ for sale on 10 servers (instead of 100) at 1:1000'th scale, so it would have approx 15000 MNZ available. Now this is about 1 BTC worth of MNZ so not that much to get excited over and it is very possible things wont go perfectly smoothly as it is a live test to make sure we are ready for the real dICO.

I also want to test whale resistance and to make sure we have a best efforts to obtain as much MNZ as possible, I will put up a 1 BTC price to the "whale" who is able to obtain the most MNZ during the dICO test.

This is a good chance to get up to speed with the barterDEX tech and we hope to find whatever is not ready during the test.

plz ask NEO and let us know what they say

One thing they have in common is that neither are KMD 

One simple question. Maybe someone has the time to answer in 1-2 sentences. What is the main difference to ETH/NEO?

O it will be huge dICO us team is working to provide this respect to JL and the rest of SuperNet Komodo Platform what we have archived till now and more still to come. BarterDex will take his 1st place soon in crypto community's...peace to all new members.

Witnessing the next evolution in crypto ladies and gentleman!

They have said that they will delist/remove any tokens that do not comply.........barterDEX will have a future under these conditions.......If the Authoratas limit where things can be traded, people will find a way around it.

Cheers Jon

Satoshis... i mean jl777's last few posts = mind blown.

Then why are so many other tokens listed on Polo?

Some of you might have worried about the number of simultaneous atomic swaps. We are testing multiple swaps at the same time and so far, looking good:

cipi [4:23 AM]
parallel MNZ/KMD swap done... 2 alices bought from one bob at the same time


cipi [4:23 AM]
SWAP completed! 3219815817-3808262204 {"requestid":3219815817,"quoteid":3808262204,"iambob":1,"bob":"MNZ","srcamount":0.41694812,"bobtxfee":0.00010000,"alice":"KMD","destamount":0.06738388,"alicetxfee":0.00010000,"sentflags":["alicespend", "bobspend", "bobpayment", "alicepayment", "bobdeposit", "bobrefund"],"values":[0.41684812, 0.06738388, 0.41694812, 0.06748388, 0.46906663, 0, 0, 0.46896663, 0, 0, 0],"result":"success","status":"finished","bobdeposit":"90fd05403b11855742b60476b687c6f5c40c14c4365f0f5975d6aec8f188b342","alicepayment":"43e0014ef3c3c2c44a61567485350feee882b0d46c79f2c4307f974ed614e832","bobpayment":"f96a2a985486748f13e04be3967d7dcc32506f862ca3795341200c30d8168e07","paymentspent":"e45f78bf4d861dd46250a607d9410279b16e47d9919631c9fd6491406db19857","Apaymentspent":"dc13c9cc291ddf620a9d6aab257c8a6ef1d67113b3f364a96e5f4f6b45890e92","depositspent":"da65fec842bfaabfc8ff44cc25f8f2bb1fb4700216b582028b56e2678d7a981b"}
SWAP completed! 2404694432-4114396514 {"requestid":2404694432,"quoteid":4114396514,"iambob":1,"bob":"MNZ","srcamount":0.35061014,"bobtxfee":0.00010000,"alice":"KMD","destamount":0.05663104,"alicetxfee":0.00010000,"sentflags":["alicespend", "bobspend", "bobpayment", "alicepayment", "bobdeposit", "bobrefund"],"values":[0.35051014, 0.05663104, 0.35061014, 0.05673104, 0.39443640, 0, 0, 0.39433640, 0, 0, 0],"result":"success","status":"finished","bobdeposit":"354b72cd2932392e587c0f20d4e3d2ee839507f18ba2a899cb90e7f021b6f77c","alicepayment":"c9975a904f230d40121a323c023be986f74ecda0f12d5452bd0434dd60aae09d","bobpayment":"63e66ff261f2ab089094e903def3c307f496c05cec8963a6050495fa2ef9ad7e","paymentspent":"859408e8f6ea336dbb4eae0c8d6377d055797f577bba577276f0fe1400045c27","Apaymentspent":"b591cd3194d5b3053ea96971749763f7ad9be60744d60c27b0e5b3aaa9d9d157","depositspent":"f650b603000d3892552301b4fd784c1ef55141fa6ffff4748e720c2f23dba7da"}


blackjok3r [4:52 AM]
awesome work guys.

cipi [4:56 AM]
3 parallel swaps are also working and cpu is down to only 5%... must have been the weather or so... will continue tommorow with more clients and more swaps
#######

Theoretically, N-1 swaps can happen at once on one LP node where N is the number of utxos, but probably there will be some issues as we get closer and closer to N. Still everything is designed so that if a swap doesnt work, just do another one, so it would just be a bit annoying.

In recent weeks, I reduced the number of deposit utxos needed by the bob side to 1 per ongoing swap. Before it was 1 for each payment utxo available and would have make half the funds allocated to deposits. With the liquidity multiplier, it wouldnt have matter that much, but still it wasnt efficient.

Now both bob and alice side can get 99%+ of their funds active with proper utxo creation and with the liquidity multiplier there can really be a lot more effective trading volumes.

Another feature we just tested was the 20% discount for KMD purchasers. Some might have wondered how that would be implemented since the price is fixed in terms of BTC, but is variable with KMD as its market price changes.

autoprice api!

autoprice is a very powerful API and it allows you to specify the price for a specific trading pair that is automatically updated as the marketprice of it changes. For now, it is a relatively simple set of things you can do with the following fields:

curl --url "http://127.0.0.1:7783" --data "{\"userpass\":\"$userpass\",\"method\":\"autoprice\",\"base\":\"MNZ\",\"rel\":\"KMD\",\"offset\":0.1,\"refbase\":\"KMD\",\refrel\":\"BTC\",\"factor\":15000,\"margin\”:-0.2}”

refbase and refrel allow you to specify a different base/rel pair as the basis for the price, if there is no refbase and refrel, the the base/rel price from external sources is used as the starting point. This is calculated approximately once per minute and a set
price done automatically:

setprice of (1. + margin) * ((price * factor) + offset)

The margin is usually set to 0.01 for 1% profit margin. using factor and offset it is possible to map a starting price to a standard multiple.

There is also a minprice field which sets the absolute minimum (post calculation) price that is accepted.

The above says to automatically update the MNZ/KMD price based on the KMD/BTC price, 15000 MNZ per BTC and a 20% discount. To change the price to a 10 percent discount,the margin just changes to -0.1