Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 687. (Read 1192398 times)

With voting set to start in less than 19 hours,  I want to encourage all future holders of KMD to vote.

There are a lot of choices in the North America region and I would appreciate if you would consider my candidacy.


Here is why I believe I can best support our network:


I would be a great Komodo notary because of my dedication to supporting the health of our network, and due to the fact I am running an active single komodo notary node in testnet.

I am very impressed with the power of komodo as it stands right now and want to help it reach its full potential.  So I am determined to play a continuous active role in it, and be there to keep the notary network running smoothly 24/7.

I am currently serving all of the notary nodes as a seed node.  This helps by providing a reference node for the komodo blockchain.  I will take this responsibility seriously and feel honored to be trusted to play this role.  I am also tasked with monitoring the health of all of our notary nodes.  I check out the mining stats for all of our nodes and report back with any nodes that are down or not operating as expected.  I hope to be able to continue to serve in this capacity and enjoy ensuring the health of our network.

I also hold BTCD and you can bet I will make sure it succeeds in its transition to KMD.   You can trust me to do my best moving us forward.  I also pledge to hold the mined komodo for the first year, at least for all 2017.  If we are growing all the way into 2018, I will pledge to continue to hold, for the strength of our network and to keep my notary business.

I also stress that I am only running one single node and I believe this is better for the health of our network.  This brings diversity and allows for more operators.  I also ask for a low subsidy (35%)  to allow for more operators. Unfortunately there wasn’t enough BTC brought in during the ICO to fully support all nodes.  In fact, notaries demanding greater than 50% subsidy are demonstrating they don’t believe in having a full complement of 64 notaries.  Let’s give Komodo the best network with 64 nodes.  We need operators around the clock and I (live in North America) will be awake while a majority of our operators (Europe based) are resting.

I have been participating in the testnet since early October and have been keeping my node up to date and reporting errors.    I have also mined other cryptos like monero and have helped out with Hyper crypto when it first came out.  If you hang out in the slack channel you will probably see me around, feel free to ask me more and please vote for me.

done

I'm really excited with all the great Apps we are building on top of our Platform, this is great 
Hope we can do more and more Non-Stop promotions outside this forum, like publishing Press Release on all Top Crypto News Sites and doing promotion at Crypto/Blockchain Conference....this will attract more new users to our Platform 

We just need more exposure, because many people outside this forum still don't know our great Apps yet (Iguana-multiwallet, InstantDE & PAX)

By the way, good jobs to all our Devs Team...you guys are doing a very great jobs 

Stuff is happening on our Slack!

Here I have picked some parts of the discussion we had today

audo
we created this picture to explain the whole thing, as people are confused about SuperNET, Komodo, and Iguana:



- SuperNET is the organization behind the technology
- SuperNET platform is the low level platform we are developing
- SuperNET framework refers to the development layer which is built on top of the  platform
- Iguana is the main application we are working on, and it will initially contain  -  - multiwallet and EasyDEX.
- Komodo is the infrastructure coin the SuperNET platform uses
- SuperNET technology refers to everything our organization is developing

Iguana and Komodo can be both thought to be a Platform and a Framework. To simplify the terminology we are going to call the platform part 'SuperNET Platform' and the programming part 'SuperNET Framework'

grewalsatinder
In layman’s terms consider Iguana a programmable layer on top of a infrastructure coin, Komodo.

In technical terms, consider Iguana and Komodo both Platform and a Framework.

Compare it with .NET framework

It’ll have like 80%-90% of crypto currency related code which developers can user and make further 10%-20% of their own innovative code base to make new sort of application

You can also compare Iguana + Komodo TWO kernels of and Operating System, if speaking in more nerd terms

It’s like the BASE of the OS, on top of which you can make any kind of Applications.

InstantDEX is proxyless token trading, where Ardor and NXT like systems are Proxy tokens trading.

jl777
Ardor uses intermediate tokens and everything uses ardor as the master chain

with komodo everything is its own chain and is not subject to arbitrary changes in the master chain. there is no bottleneck chain that all other chains must rely on

also pax is the first fully decentralized fiat equivalents, without any need for a trusted party

audo
read this post and the links, there are tons of info: https://bitcointalksearch.org/topic/m.17489021

the blog post by jl777 showcases how this has definitely not been a simple fork https://komodoplatform.com/development-history-from-a-testnet-to-mainnet/

jl777 (listing things built on top of Zcash fork)
dPoW, fully decentralized fiat equivalents with pax, command line spawnable assetchains, DEX, lite node support for 44 currencies, zero footprint 5% APR, round robin mining, probably more. If this doesnt seem like anything, then please let me know what you consider something

audo
We have created 32 Zcash forks that are pegged to local currencies. I think there's no other coin that would both be stable and anonymous.

To get the "Zcash" EUR coin you will have to get KMD first, and the KMD is locked inside PAX. If PAX becomes a success KMD will have more demand and less supply. I think that should make the KMD price go higher

 

Request that KMD be added to Poloniex here:   https://poloniex.com/coinRequest

Ok here's my last price update:


BTCD price is rising quickly, on strong volume, now that the BTCD to KMD swap has officially begun.. 
 
Remember that .006512 is equivalent to the ICO price, so still plenty more room to run up to near that level.

Current BTCD Price (Poloniex):  .00449 BTCD/BTC

Current BTC/BTCD rate: 222.72 : 1 (amount of BTCD that you get for 1 BTC)

KMD/BTCD swap rate: 50.37897635: 1 (amount of KMD you will get for 1 BTCD that you swap on ICO site)

KMD/BTC current rate: [b11220.262[/b] (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: +3473.740 KMD or +44.84% 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 swap has begun for KMD, so once you buy the BTCD, move them to the Komodo IC:   https://ico.komodoplatform.com/ or keep them in your own personal wallet:  http://bitcoindark.com/

your voting shouldnt depend on where your are located:

https://bitcointalksearch.org/topic/m.17500072

What is the purpose of voting and whom to vote if I am from India?

BTCD blocks have been advancing pretty regularly and I can project now that the REVS snapshot will be as of block 1486000, which is about 1800 minutes from now. Likely around 4PM GMT, but of course the exact time wont be known until we get block 1486000

You have to swap to be able to vote. So, that means... BTCD holders need to swap BEFORE Elections deadline (29.01.2017 – 3pm UTC) if they want to vote.



1 KMD = 1 vote

You vote for each region (4 in total), each time with your completely available voting power (KMD balance) for 1 candidate.

If you are talking about the snapshot deadline then I guess not ... Elections will run for two weeks, one can still swap during those two weeks and vote. This is what seems logical to me ...

---

Yes it will be based on Komodos you own. I don't remember correctly if it was 1 KMD => 1 vote or 1 KMD => 4 votes (1 per region), I think it's the latter. The more Komodos you own the more voting power you have.

No, not really.

Without any bonuses the KMD price was 0.00012909 BTC/KMD

There are about 100 000 000 KMD at launch, which means the ICO investors valued Komodo project to be worth ~12,900 BTC (or that would be the market cap with that price)

That is of course speculation, and we cannot know where the market sets the price until there is a liquid KMD market.

There's one year to do the swap, and I don't see how the swap percentage would affect the price.

Does this mean that KMD will be worth 33% of BTCD?

It has been longer than expected because we have been working really hard to get it all done. If it wasn't for James and the other developers this project wouldn't exist at this time. I'm certain it will be worth the wait brother
Remember to check out my profile if you own BTCD and are voting.
Profile: www.komodoelections.com/candidates/ptytrader

How to Vote

Someone requested a guide about how to vote, so here it is!

Where to navigate

When the elections begin on the first election day we will activate the 'VOTING' tab on our ICO site. After that everyone can start to vote.



1) login to our ICO site with your username and password
2) click 'VOTING'
3) read instructions and think carefully who to vote (You cannot change your vote!)

Instruction and the rules

Help us to elect the best notary nodes, so that Komodo gets a stable and decentralized network.

The notary nodes are responsible for recording Komodo blockchain information to bitcoin blockchain. In other words, they give us the Bitcoin protection. Without them we would lose the additional security, and the mining would be done by normal miners.

We divided the world into four geopolitical regions. Each region can have a maximum of 16 notary nodes. We guarantee funding for the top 32 notary nodes, but there could be more.

You will vote with your KMDs, so the more coins you got, the more voting power you have. Votes cannot be splitted, so you must select one candidate per region and vote for him.

Choose wisely! You cannot change your vote afterwards.

For more information please read our election guide.

Voting

After you have decided who to vote for you simply select the candidate from the region. You can only select one candidate per region, and in total thus vote four times.

1) Select who to vote for (you can only select one per region)
2) Confirm that you understand what you are doing by checking "All votes are final and can't be changed. Are you sure you want to submit your vote"
3) Click 'Submit Vote'



You can make the vote one by one, and after each vote the region you voted in will disappear.

After you have voted you will see the candidate you voted for.

Thanks for the reply, I hope KMD tokens will be available on exchanges after the January 31 distribution date. The has been longer than I expect