Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 696. (Read 1192347 times)

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):  .00432 BTCD/BTC

Current BTC/BTCD rate: 231.48 : 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: 11671.393 (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: +3924.871KMD or +50.67% 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

This is the Internet...and humanity..where about half the people are either dumb or incredibly, hopelessly stupid.  So not a big surprise that some of them grace us with their prescense and idotic ramblings in here.  I just put them on ignore whenever possible.

Can't wait for distribution and it getting very close.

JOIN TRANSLATE HINDIA SIR
RESERVED FOR ME?

From that interview came up to my mind how many from komodo team has enough votes to keep them self running notary nodes like for ever?  I think this needs some transparency.

FAQ of the last few days

Schedule

- ICO Site BTCD deposit enabled 8.1.2017
- Subsidiy field gets locked for candidates 13.1 3PM UTC
- BTCD Snapshot 15.1 (block xxxxxxxx)
- Elections begin 15.1 3pm UTC
- Elections finish 29.1 3pm UTC
- KMD distribution 31.1 3pm UTC


If you have BTCD in a local wallet you can simply send it to the ICO site (i.e. deposit it). BTCD deposited before the snapshot will also receive the REVS asset.

You can also hold the BTCD in your local wallet, in which case you can use your BTCD privatekey to later redeem the REVS asset. Keep in mind though, that if you are not staking BTCD you are losing money as the swap rate is decreasing a little bit everyday (5 % during 365 days).


If you hold the BTCD in the ICO account then you don't have to worry about the privatekey. You will receive the REVS asset. In any case, the 12 word seed is very important, and without it you will lose your investment.

If you hold the BTCD in a local wallet, then you will have to export the privatekey.


Yes, you can buy BTCD and swap it for KMD, but you cannot keep it in an exchange. The exchange won't swap the BTCD for your.  You must send/deposit the BTCD into our ICO site.

You will be able to vote with the KMD you receive in the swap. The swap has basically already begun (internal balance) and will last 1 full year. Just deposit the BTCD to the ICO site and you everything will be taken care of. The only thing you must do is keep the 12-word passphrase/seed safe.


Yes, but you must keep the 12-word seed safe and secure.


To receive the REVS you must do either:
A) send them to our ICO website
B) store them in a local wallet and export the privatekey (You need the BTCD privatekey).

We believe most BTCD will be swapped (1 full year to swap it). However there will be some BTCD that is lost, etc. and those will obviously not be swapped. The KMD we have left over after the 1 year period will be added to the working capital.

Currently jl777 is the only BTCD dev, and he will be focusing on Komodo development in the future, so there are no devs left for BTCD. This is why we encourage everyone to swap.


A lot of the recent developments are a bit unclear even to the SuperNET investors. Iguana and Komodo are made by SuperNET, and SuperNET is the organization developing them. SuperNET asset should be viewed as a share of the SuperNET organization. We have capital and investments; we have for-profit projects and a large platform & framework (known as Iguana and Komodo). SuperNET asset holders will be receiving dividends when we make a profit from the revenue, just like in any other business.

We are working on a new supernet.org website that will become the hub of everything we are doing. The new website will explain what we do, and what our projects are.

Yes, That's your great advance. I will try to do this swap. I like this platform. I expect that I can get more earning with this project.
Thank you so much.

Should have made it more clear sorry: Will Poloniex offer KMD trading along with BTCD trading from the day the mainnet launches?

Im really glad to see this KMD thing finally get off the ground. I have just deposited all my BTCD's from my local wallet to the ICO site. Went very smoothly and confirmed in just a few minutes. I'm getting a pretty juicy stack of KMD's according to the ICO page  

When I was moving the coins I noticed I have been holding on to those BTCD's for nearly 3 years now. Always kept them staking on a VPS, didn't touch for all this time. in the block explorer i saw more then 16373 transactions which are all stakes, and that's just 1 address. You can say I'm a long term holder  

I wish James and the rest of the team the best of luck!


PS. Mainnet goes live 31th, and so will trading on the exchanges I supose? Any word from Poloniex yet? Will they participate in the swap?

orderbook doesn't reflect the real amount kept on an exchange

 

And a lot of those who invested BTC would have done better to ignore the hype and buy BTCD and wait for the swap. Always remember DON'T BELIEVE THE HYPE & READ THE FINE PRINT
Cheers Jon   

Congratulations to KMD for finishing with platform now I do hope you guys pay kmd to signature participants

https://www.blockexperts.com/btcd#


16.5k  on the polo orderbook

Around 12% of BTCD supply has already been deposited to ICO website.

Is there a rich list in block explorer? I wonder how many coins is left on Poloniex.

correct.  SuperNET holds larges parts of ~25% of alot of jl777's  assets which have associated revenue streams ( Instantdex, crypto777, Nxtcoinsco, pangea   etc.)

Yep, I checked. I had some tokens for quite a while and recently bought more.

Divs = dividends?

check the orderbooks,  it doesnt take much to drive it up.

SuperNET asset value is highly dependent on the pass-through divs promised   once they start rolling in the picture will change

A little off-topic. Why do you think SuperNET price went so low? 62th place my market cap surrounded by noname projects. Doesn't seem right to me at all.