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Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 668. (Read 1192347 times)

hero member
Activity: 518
Merit: 500
BTCD is moving up fast, in anticipoation of KMD distribution on Jan 31.  BTCD is the highest it has been since Nov, 2014, in USD terms.   Remember that .006512 is equivalent to the ICO price, so still more room to run up to near that level before Jan 31.  

Current BTCD Price (Poloniex):  .00507 BTCD/BTC

Current BTC/BTCD rate:
197.24 : 1 (amount of BTCD that you get for 1 BTC)

KMD/BTCD swap rate
: 50.28918: 1 (amount of KMD you will get for 1 BTCD that you swap on ICO site)

KMD/BTC current rate: 9918.970 (amount of KMD you get for 1 BTC worth of BTCD at current price on Poloniex)

KMD/BTC ICO rate: 7746.522 : 1 (amount of KMD you got for 1 BTC at the end of ICO with no bonus)

Current extra KMD via BTCD: +2172.448 KMD or +28.04% extra (relative to ICO KMD/BTC rate at the end of ICO with no bonus)

So at current prices, you get much more KMD that you would have gotten at the end of the ICO.

The price could rise sharply from here to .006512 BTCD/BTC and you would still get the same amount of KMD. per BTC spent, as during the final phase of the ICO.

To swap BTCD for KMD:   https://ico.komodoplatform.com/

Request that KMD be added to Poloniex here:   https://poloniex.com/coinRequest
sr. member
Activity: 420
Merit: 250
AKA RJF - Since '14 - On line since '84
How excited are you guys? I'm losing my mind over here.

Not quite at that level but, checking the forum multiple times per day! Grin
member
Activity: 68
Merit: 10
How excited are you guys? I'm losing my mind over here.
hero member
Activity: 518
Merit: 500
BTCD is up 16% today on Poloniex to a new 2 1/2 year high. 

And it's still well below the equivalent KMD ICO price. I'll try to do an update below.
legendary
Activity: 1176
Merit: 1134
What would be nice would be an updated OP with some links to wallets, they have not updated the OP since the ICO.
did you look at the post after the OP?

it seems to have been updated over a dozen times and I am sure will have links to wallets, etc. when they are out of beta testing
legendary
Activity: 1148
Merit: 1000
A Wound in Eternity
What would be nice would be an updated OP with some links to wallets, they have not updated the OP since the ICO.
sr. member
Activity: 420
Merit: 250
AKA RJF - Since '14 - On line since '84
I just hope those that got KMD through swap will not dump on those that invested BTC into the ICO. I will not make this mistake again.

I think it was more or less the same price of enter in Komodo for BTC and BTCD investors because BTC went up 50% when BTCD went down 50%.

It's really not as big a deal as people are making of it. I invested in the ICO and swapped over 1k BTCD and I'm pleased so far. Lets see how the coin does in the wild, I have high hopes...
legendary
Activity: 1806
Merit: 1001
I just hope those that got KMD through swap will not dump on those that invested BTC into the ICO. I will not make this mistake again.

I think it was more or less the same price of enter in Komodo for BTC and BTCD investors because BTC went up 50% when BTCD went down 50%.
sr. member
Activity: 420
Merit: 250
AKA RJF - Since '14 - On line since '84
Yes, I received a newsletter to request for withdrawal on before Jan 31, but inside the newsletter, it was indicated that the wallet is still in beta , where would I send my KMD tokens to then since it is not on any exchange exchange yet or is there away to go about this

This confusion is over the top. Try this:

When you enter your "seed" in the ICO site and request a payout, the following is happening:

1. Your seed is related to a wallet address
2. Your KMD tokens are posted to that address on the KMD blockchain
3. You finally download and install a KMD wallet, doesn't really matter when you do it or, which KMD wallet you choose because:
4. You are going to enter the same seed in the wallet you downloaded hence the same address.
5. Your wallet will see whatever is in that address on the blockchain and there's you KMD, "in" your wallet!

You never really have anything "in" your wallet, for any coin, it's just showing your record on the blockchain attached to your address. It's the blockchain record that is important, not the wallet itself. The wallet does not have to exist for your record, and coins, to exist since they are within the blockchain, not your wallet. The key is the address provided by the seed that makes a wallet yours.

Look at your wallet like a text editor, it contains nothing until you open a file. Then, you can edit the file and save it and close the editor. The editor is nothing without the data that is in the file, simply a means to edit and save the data.

member
Activity: 72
Merit: 10
I just hope those that got KMD through swap will not dump on those that invested BTC into the ICO. I will not make this mistake again.
Unfortunately they rater will, so prepare fresh BTC. But the good news is, if you can hold this stress test for a month at least, I am sure you will be asking yourself how stupid they were to do this.
hero member
Activity: 658
Merit: 500
I just hope those that got KMD through swap will not dump on those that invested BTC into the ICO. I will not make this mistake again.
legendary
Activity: 1176
Merit: 1134
Ahh, got it. Thanks.

And then per my reading, the address that gets generated, I will be able access from the wallet, once that gets a little furthur along?

Also, the voting ends when?
iguana uses the same method of passphrase -> KMD address

the wallet right now does this, but we havent sent out the KMD yet, so it wont be there until the 31st.

Voting ends the 29th
sr. member
Activity: 332
Merit: 250
Ahh, got it. Thanks.

And then per my reading, the address that gets generated, I will be able access from the wallet, once that gets a little furthur along?

Also, the voting ends when?
legendary
Activity: 1176
Merit: 1134
Yes, I received a newsletter to request for withdrawal on before Jan 31, but inside the newsletter, it was indicated that the wallet is still in beta , where would I send my KMD tokens to then since it is not on any exchange exchange yet or is there away to go about this

to the address you generated through the ICO site. The seed is your "private key" and KMD address is the "public key"

So, I was able to easily run the wallet on linux. I appreciate the easyness of install for ubuntu.

The wallet has me a little confused though, all the diff modes and the lack of directions..

But even though I've been following this thread, I am still confused as to what it is you guys are asking us to do. In fact I'm not going to do any voting or moving of coins anywhere, including the above quotes, until there is better info.

Also this whole request for withdrawal thing as quoted above, I don't understand. What is this for? I'm trying to stay positive, but you guys have made a really really confusing thing here. What is the road map for what we are even supposed to be doing?
In order to send you your KMD, we need an address to send it to that only you have the privkey for.

that is what we are doing now, getting addresses to send the KMD to

all we are asking you to do is tell us what address to send the KMD to so we can send it to you. The ico site provides a way to do this and to verify that the passphrase generates the same address as the request for payout.

sr. member
Activity: 332
Merit: 250
Yes, I received a newsletter to request for withdrawal on before Jan 31, but inside the newsletter, it was indicated that the wallet is still in beta , where would I send my KMD tokens to then since it is not on any exchange exchange yet or is there away to go about this

to the address you generated through the ICO site. The seed is your "private key" and KMD address is the "public key"

So, I was able to easily run the wallet on linux. I appreciate the easyness of install for ubuntu.

The wallet has me a little confused though, all the diff modes and the lack of directions..

But even though I've been following this thread, I am still confused as to what it is you guys are asking us to do. In fact I'm not going to do any voting or moving of coins anywhere, including the above quotes, until there is better info.

Also this whole request for withdrawal thing as quoted above, I don't understand. What is this for? I'm trying to stay positive, but you guys have made a really really confusing thing here. What is the road map for what we are even supposed to be doing?
legendary
Activity: 1176
Merit: 1134
Address found with over 100 000 000 KMD.
The address "RDhEGYScNQYetCyG75Kf8Fg61UWPdwc1C5" has 100 118 922 KMD.
https://kpx.io/accounts/RDhEGYScNQYetCyG75Kf8Fg61UWPdwc1C5
The ICO value was about 0.0001 0000 btc / KMD. 1 * 10^8 * 10000 * 10^(-8) = 10000 BTC = 10000 * 900 dollars = 9 000 000 dollars.
The address has the value of about 10 000 BTC or 9 000 000 dollars.

From komodoplatform.com
Total BTC Raised: 2639.03. Total Amount Raised: 2 433 528 $.
Total BTCD Raised: 909983 => 909983 * 50 KMD = 45 499 150 KMD

I think this is KMD that will be distributed 31st of januari.

Follow the money ^^
yes, that is the address with the ICO coins, it is a bit over 100 mil due to the need to verify 5% APR with large value utxo. A good thing we did that as we found (and fixed) a couple bugs related to large utxo.

The distribution will be done by using normal sendtoaddress from that address to the KMD payout address from the ICO website
full member
Activity: 221
Merit: 102
Address found with over 100 000 000 KMD.
The address "RDhEGYScNQYetCyG75Kf8Fg61UWPdwc1C5" has 100 118 922 KMD.
https://kpx.io/accounts/RDhEGYScNQYetCyG75Kf8Fg61UWPdwc1C5
The ICO value was about 0.0001 0000 btc / KMD. 1 * 10^8 * 10000 * 10^(-8) = 10000 BTC = 10000 * 900 dollars = 9 000 000 dollars.
The address has the value of about 10 000 BTC or 9 000 000 dollars.

From komodoplatform.com
Total BTC Raised: 2639.03. Total Amount Raised: 2 433 528 $.
Total BTCD Raised: 909983 => 909983 * 50 KMD = 45 499 150 KMD

I think this is KMD that will be distributed 31st of januari.

Follow the money ^^
sr. member
Activity: 784
Merit: 253
Set Your Ideas Free
Is it necessary to have 4GB RAM to make private Komodo and Bitcoin transactions like it is necessary for ZCash private transactions?

We are a Zcash fork, so it is the same.
full member
Activity: 192
Merit: 100
Is it necessary to have 4GB RAM to make private Komodo and Bitcoin transactions like it is necessary for ZCash private transactions?
sr. member
Activity: 784
Merit: 253
Set Your Ideas Free
Don't worry about the wallet guys! Satinder just posted a link to a new beta release, and now it is a lot less confusing.

If you want to test it you can join #iguana

The stable wallet is not yet published, and the guides are not yet published, for those please some patience Smiley
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