Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 695. (Read 1192347 times)

It is happening at the same time basically. You can either send the btcd to the swap site or wait for the snapshot to happen. Then all you need is the private key to that address to claim the revs later.

afiak while he was worked on NXT, BTCD and created several project on the NXT blockchain backed by assets on that blockchain.

This is the first new coin/blockchain he has launched with an ICO.

I thought the REVS snapshot would happen before the swap? If I send my BTCD off and then the snapshop happens, don't I get no revs? Or are you saying you only get REVS if you have sent your BTCD to the ICO site?

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):  .00433 BTCD/BTC

Current BTC/BTCD rate: 230.95 : 1 (amount of BTCD that you get for 1 BTC)

KMD/BTCD swap rate: 50.42041779: 1 (amount of KMD you will get for 1 BTCD that you swap on ICO site)

KMD/BTC current rate: 11644.438 (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: +3897.916KMD or +50.32% 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.

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/

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

Yea, I understand that but, with BTER's track record, I would be cautious...

They delist coins based on trading volume.  If they aren't generating fees and commissions for them, then why would they keep them listed.

BTCD is mainly traded on Poloniex and the volume there has been up 500% or more lately and is in a healthy range.  And when KMD is trading, people will be using arbitrage between the two and will be even more volume, in theory.  So unlikely they will delist it.

I see BTCD has been, or is in the process of being delisted at Bter.com

They sure don't waste any time do they? If you have any there, looks like you have 90 days to collect them.

"The following coins will be delisted

DVC, RED, ZET, WDC, PRT, BQC, BTCD, C2, CKC, MAX, FTP,
DGC, DTC, GEMZ, MEC, MINT, MSC, NBT, NODE, NSR, BAY,
NXTTY, QRK, SRC, TBC, UNITY, VRC, VTC, XC, YAC, BLK

We will provide 3 months withdrawal service for all of them.

BTER

Jan. 5, 2017"

Thank you for your reply , I will do it now.
Good Health to Komodo Project.

Hello KMD holders!

Voting for MoveCrypto nodes is good for Komodo.  I am very active in the crypto community and I monitor my nodes + slack every day.  I will continue to spread the good word of Komodo to investors and developers, both online and offline.

I pledge not to sell any mined KMD for at least 1 year (and probably much longer) if elected.

On 12 October 2016, MoveCrypto_EU was the first node other than jl777 to participate in a BTC notarization:
https://blockr.io/tx/info/fa2a3164f977171a20cb139d6210ccb44e529391e6ba3df0f596f8762ecc1bde

Server for MoveCrypto_SH node is provided by PondSea.  More information about the 4 Movecrypto nodes is here:  
https://www.komodoelection.com/candidates/movecrypto/

Komodo to the dark side of the moon!

Thank You

We have funding for at least 7-10 years, but I think we will be here forever as our platform will start to generate some revenue.

You can buy BTCD and send it to our ICO site where it will be swapped for KMD

No info about exchanges yet

If you want to really stay up to date you should join our Slack

http://slackinvite.supernet.org/

A complete update about Iguana app and DEX

Here's a conversation that happened on #komodo channel.

audo
The DEX GUI isn't finished yet, so there won't be DEX trading with the initial GUI release. My undertanding from @grewalsatinder is that the EasyDEX GUI will be the next priority after we get komodod fully working in the GUI.
 
and we also need some liquidity provider nodes for the DEX to work, so it's gonna take some time. It's a complex thing, but the backend is ready and that is what really matters

jl777
it would be possible to DEX trade using command line

grewalsatinder
When I was given EasyDEX-GUI task, I had to think about the overall development cycle to go with. The most basic need for EasyDEX was to make a user able to manage their wallets, and at that time Iguana Team was still doing work on their part of Iguana Multiwallet GUI. Also, Iguana GUI is bit different, as it not only manages Iguana running coins, but also Non-Iguana running coins, which means acting as a GUI for the existing bitcoind, litecoind, dogecoind, etc installed on user’s machine.

My priority was to have the Iguana running coins first, so there I started work, and completed that part first. In between there came Komodo project and I also made the wallet GUI for Komodo in EasyDEX-GUI specifically meeting then needs of getting Z transactions possible with the EasyDEX-GUI.

Then came the need of having a easy Desktop Wallet, which is a single bundle, and need to totally GrandMa proof. It’s easier to say than done. And the whole December Month was dedicatedly on developing and making the Desktop Wallet solid, along with the installer packages getting configured so it’s very much like installing a software with installer file like any other software out in the market.

I’m still working on Desktop Wallet making last bit of works to get komodod integration completed with it. Right now, it’s manual commands to get komodod GUI accessible via EasyDEX-GUI. So, it’s more like advanced user friendly, not grandma friendly.

Iguana Wallet includes multiple techs with it. To clear things up this is what there is:
1. iguana daemon
2. komodod daemon
3. Iguana Multicoin GUI
4. EasyDEX-GUI
5. Electron Desktop Wallet Framework, with Shephered API

with iguana daemon = Transparent Transactions of coins. Including Komodo
with komodod daemon = Transparent + Private Transactions of Komodo, Assetchains and PAXFiats.

iguana daemon part is what all complete, and ready.

komodod daemon part is what we are working on right now. which is more like 80% complete already in rough terms.

Right now the most priority is komodod daemon part to complete, which will get Desktop Wallet more kinda complete working wallet for end users. for our dear grandparents like users.

once the desktop wallet is there for users, then I’ll start coding the EasyDEX Trading GUI part.

miketaz
Do you think EasyDEX GUI be finished and launched before Waves releases their decentralized exchange? Because I know their working on that right now. That would be great if EasyDEX is first.

jl777
waves is token based, totally different

grewalsatinder
@miketaz I don’t care of any other project’s GUI or core going first or second. My priorities are to get things done as fast as possibly I can, and make sure the team tests it before putting it to public.

I do not promise dates, but to my previous work record with SuperNET being GUI dev, I delivered good results I guess… may be ask team....

miketaz
Ahh ok, and alright @grewalsatinder that's understandable

eclips
EasyDEX is going to need central nodes ?

grewalsatinder
no

in DEX each node is trading directly with one another.

each node can also act as Liquidity Provider

it does not matter they are Notary Node or not

That’s why it’s DEX

eclips
so a node is a guy using chrome to access it?

grewalsatinder
A node is a guy/person who’s running iguana daemon running wallet on their machine/device

if you can run igauan running wallet on your desktop, you are a node.

I watched coininterview komodo interview, and I see some things were said which might still confuse people. but overall it was better interview than previous. :+1:

miketaz
So how does an ordinary node act as a liquidity provider?

jl777
by issuing liquidity provider API commans

grewalsatinder
Ordinary node will also execute either iguana API command to set itself as Liquidity Provider or possibly soon will have a GUI to give them easy to do Liquidity Provider stuff.

jl777
curl --url "http://127.0.0.1:7778" --data "{\"agent\":\"tradebot\",\"method\":\"amlp\"}"
curl --url "http://127.0.0.1:7778" --data "{\"agent\":\"tradebot\",\"method\":\"liquidity\",\"targetcoin\":\"KMD\",\"vals\":{\"profit\":0.01}}"
curl --url "http://127.0.0.1:7778" --data "{\"agent\":\"tradebot\",\"method\":\"liquidity\",\"targetcoin\":\"MVP\",\"vals\":{\"rel\":\"USD\",\"bid\":0.09,\"ask\":0.11,\"maxvol\":100}}"

can be profitmargin relative to central exchange price or a specific bid/ask quote

miketaz
Ohh that's pretty awesome

jl777
thanks. So given a set of LP nodes that are configured with their pricing, the end user node can make a shapeshift type of "convert" request

all the LP nodes that see the request is within their parameters respond

the end user node selects the best offer and they both do an atomic cross chain swap

this avoids the partial order problem that most decentralized DEX suffers from

the user asks to fill X amount of COINA -> COINX, only the LP nodes willing to do this respond, so it is a fill or kill and the auction process current waits 30 seconds to decide which node to atomic swap with

this all needs a lot more testing, but it works with one off trades I have setup, so mostly it is adding error handling and making it easier to use

for the following blockchains, neigher the end user node or the LP node needs to have the blockchain local:
["KMD", "BTC", "USD", "EUR", "JPY", "GBP", "AUD", "CAD", "CHF", "NZD", "CNY", "RUB", "MXN", "BRL", "INR", "HKD", "TRY", "ZAR", "PLN", "NOK", "SEK", "DKK", "CZK", "HUF", "ILS", "KRW", "MYR", "PHP", "RON", "SGD", "THB", "BGN", "IDR", "HRK", "REVS", "SUPERNET", "DEX", "PANGEA", "JUMBLR", "BET", "CRYPTO", "HODL", "SHARK", "BOTS", "MGW", "MVP"]

of course best performance is by having it local, but BTC is getting pretty big nowadays to have local

any other coin will need to have a local coind or iguana full mode active for it to DEX

yes, It looks great. How long does this project last? what can I do to take part in this project?
Which exchanges will this coin be listed ? I'm interested in this project . Thank you.

14% of all BTCD has been swapped to KMD

Juan is great
he has been around the crypo space for some time
i am happy to see some 'known' pieps participating
 

Thanks for the kind words!

The swap was easy and fast, thanks the team for the hard work!!

The Komodo team or SuperNET doesn't have any nodes running in the election. There are however 3 test notary nodes that will be ratified and part of the 64 nodes. Two of these nodes is run by jl777 and one by Kolo. There will be free spots for us to do this as SH & AR regions have less than 16 nodes.

There are some individual people who are part of Komodo team and running in the election though. How much BTCD they have or how much BTC they invested during the ICO is their private business, and there's no way to know how much voting power they have. They have aquired their voting power with the same means as everyone else (by investing).

There are some payments due to our team members (i.e. salary & bounties), and those will be paid in KMD after the KMD is distributed. In other words, none of the 10% supply reserved will be used in voting.