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Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 322. (Read 1192000 times)

legendary
Activity: 2966
Merit: 1271
member
Activity: 160
Merit: 10
What day is it expected the snapshot?
newbie
Activity: 54
Merit: 0
In preparation for the JUMBLR sharedrop, I made an API call that generates a snapshot so it will be much less work in the future.

IF the sharedrop was at block 464000, http://5.9.253.204/snapshot.464000 is what would have been used. Likely the values wont change too much at 472000 so you can check your address to make sure there is no mistake.

Using the above, a test run of the dividends API generated: http://5.9.253.204/sharedrop.464000
The average ratio ended up being 0.00049240

Keep in mind this is not the actual sharedrop, but what would have been as of 464000. I will use the same methods at 472000 and will post ahead of time the exact set of proposed sharedrops.

Let me know if the amount for your address is not right.


Good job jl777, have so much jealously for the top 20 holders of KMD  Cheesy
full member
Activity: 476
Merit: 133
Where can I find more info about those integrated fiat currencies?


Can't understand from whitepaper how they will protect them from liquidity issues.

I don't think that the integration will happen this year cos they are busy building the structure of KMD, I don't know if this will help you https://supernet.org/en/technology/whitepapers/decentralized-fiat-currencies

Thanks, I saw this, but still unclear how risk-management algorithms will work. If there is zero spread swap without limits, there is very high risk that reserves will be drained by arbitrage/scalping speculators.
And in case when large amount of fiat tokens issued, and then KMD price is dropping, there will be liquidity problem for fiat.


If there is any additional "liquidity providers" in the scheme, would be good to study. I might be interested to build a side project, as I like the basic idea, but need to understand full picture.
pax1 solves the decentralized price portion and as you identified a massive drop in KMD price would use up reserves. For that reason, pax1 is limited to $40,000 exposure, which can easily be absorbed regardless of the price drop. There is a floor price, regardless of the actual market price so we can avoid any massive drop scenarios. In such case, the shortfall would be socialized.

However, the floor price is set at approximately the BTC reserves, so it is doubtful it would ever get that low (2500 sats)

for pax2 that can handle the price swings, it requires active portfolio balancing of both long and short positions, but there is not the time for me to get this solved in the short term.

Also, the pricing is smoothed a lot, so minute by minute price changes wont affect the current paxprice, this avoids fast trading arbitrageurs from draining the reserves.
hero member
Activity: 658
Merit: 536
Z-pay.io
Where can I find more info about those integrated fiat currencies?


Can't understand from whitepaper how they will protect them from liquidity issues.

I don't think that the integration will happen this year cos they are busy building the structure of KMD, I don't know if this will help you https://supernet.org/en/technology/whitepapers/decentralized-fiat-currencies

Thanks, I saw this, but still unclear how risk-management algorithms will work. If there is zero spread swap without limits, there is very high risk that reserves will be drained by arbitrage/scalping speculators.
And in case when large amount of fiat tokens issued, and then KMD price is dropping, there will be liquidity problem for fiat.


If there is any additional "liquidity providers" in the scheme, would be good to study. I might be interested to build a side project, as I like the basic idea, but need to understand full picture.
sr. member
Activity: 336
Merit: 250
Where can I find more info about those integrated fiat currencies?


Can't understand from whitepaper how they will protect them from liquidity issues.

I don't think that the integration will happen this year cos they are busy building the structure of KMD, I don't know if this will help you https://supernet.org/en/technology/whitepapers/decentralized-fiat-currencies
legendary
Activity: 1582
Merit: 1001
www.neutroncoin.com
In preparation for the JUMBLR sharedrop, I made an API call that generates a snapshot so it will be much less work in the future.

IF the sharedrop was at block 464000, http://5.9.253.204/snapshot.464000 is what would have been used. Likely the values wont change too much at 472000 so you can check your address to make sure there is no mistake.

Using the above, a test run of the dividends API generated: http://5.9.253.204/sharedrop.464000
The average ratio ended up being 0.00049240

Keep in mind this is not the actual sharedrop, but what would have been as of 464000. I will use the same methods at 472000 and will post ahead of time the exact set of proposed sharedrops.

Let me know if the amount for your address is not right.


Great. I see my Komodo address on the list and it look good to me. Thank you for the hard work and looking forward for it.
hero member
Activity: 658
Merit: 536
Z-pay.io
Where can I find more info about those integrated fiat currencies?


Can't understand from whitepaper how they will protect them from liquidity issues.
sr. member
Activity: 1181
Merit: 259
In preparation for the JUMBLR sharedrop, I made an API call that generates a snapshot so it will be much less work in the future.

IF the sharedrop was at block 464000, http://5.9.253.204/snapshot.464000 is what would have been used. Likely the values wont change too much at 472000 so you can check your address to make sure there is no mistake.

Using the above, a test run of the dividends API generated: http://5.9.253.204/sharedrop.464000
The average ratio ended up being 0.00049240

Keep in mind this is not the actual sharedrop, but what would have been as of 464000. I will use the same methods at 472000 and will post ahead of time the exact set of proposed sharedrops.

Let me know if the amount for your address is not right.


Nice work, I checked my address and the amount is accurate. I will collect interest one more time this weekend. Thanks so much for this generous sharedrop.
full member
Activity: 476
Merit: 133
In preparation for the JUMBLR sharedrop, I made an API call that generates a snapshot so it will be much less work in the future.

IF the sharedrop was at block 464000, http://5.9.253.204/snapshot.464000 is what would have been used. Likely the values wont change too much at 472000 so you can check your address to make sure there is no mistake.

Using the above, a test run of the dividends API generated: http://5.9.253.204/sharedrop.464000
The average ratio ended up being 0.00049240

Keep in mind this is not the actual sharedrop, but what would have been as of 464000. I will use the same methods at 472000 and will post ahead of time the exact set of proposed sharedrops.

Let me know if the amount for your address is not right.
sr. member
Activity: 1181
Merit: 259
Nice, professional looking video with a good voice.
sr. member
Activity: 466
Merit: 253
Imagine a world without banks.......
Please tell us more!
In the coming weeks the team will release more information on the BarterDEX.
sr. member
Activity: 466
Merit: 253
Imagine a world without banks.......
Hi,

Can anyone tell me what was the ICO price of Komodo?
It was around 8-9 cents
sr. member
Activity: 399
Merit: 251
Holy shit. Hold on to you panties, guys!! Smiley
hero member
Activity: 650
Merit: 502
legendary
Activity: 1696
Merit: 1016
hero member
Activity: 1680
Merit: 505
Hi,

Can anyone tell me what was the ICO price of Komodo?
full member
Activity: 476
Merit: 133
the snapshot api now sorts the list, so it creates a sorted list of all balances, ie richlist

the dividends api can then issue a command line using the allocated dividend using


curl --url "http://127.0.0.1:7779" --data "{\"userpass\":\"$userpass\",\"method\":\"dividends\",\"coin\":\"KMD\",\"height\":$1,\"prefix\":\"fiat/jumblr sendtoaddress\",\"suffix\":\"\",\"dividend\":50000,\"dust\":1}"

the following allocates a dividend of 50000, with a dust threshold of 1

meaning if the dividend is less than 1, it is not sent out

the height is a variable and the dividend can be calculated as of any height. it is very very slow the first time as it has to do a complete blockchain scan

http://5.9.253.204/snapshot.463700 <- unsorted

snapshot is the set of address balances as of a specific height
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