[ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 701.

Karasugoi

member

Activity: 113

Merit: 20

Quote from: Gash on January 08, 2017, 04:22:29 PM

BTCD swap is a bad move. Im confident that the price of KMD will fall below zero after monero liftoff, the reason will mainly be that filthy komodo crew demolished their reputation by allowing everyone to convert their BTCD into KMD token.

So if the komodo crew doesn't allow everyone to convert their BTCD, then our reputation will be safe from demolition? How would that work? I guess we are damned if we do damned if we don't. Gash I am confident that you make less than zero sense.

_mr_e

legendary

Activity: 817

Merit: 1000

Quote from: Gash on January 08, 2017, 04:22:29 PM

BTCD swap is a bad move. Im confident that the price of KMD will fall below zero after monero liftoff, the reason will mainly be that filthy komodo crew demolished their reputation by allowing everyone to convert their BTCD into KMD token.

And your confidence means anything to anybody why exactly?

Gash

full member

Activity: 657

Merit: 124

BTCD swap is a bad move. Im confident that the price of KMD will fall below zero after monero liftoff, the reason will mainly be that filthy komodo crew demolished their reputation by allowing everyone to convert their BTCD into KMD token.

tclo

hero member

Activity: 518

Merit: 500

Quote from: jl777 on January 08, 2017, 04:05:24 PM

Quote from: tclo on January 08, 2017, 03:49:42 PM

Quote from: KomodoPlatform on January 08, 2017, 03:23:28 PM

There is also some confusing regarding the staking and 5 APR interest.

If you deposit BTCD today it won't technically convert to KMD, which means you are not going to receive any interest. However, the swap rate is decreasing everyday to take that into account.

All in all it doesn't really matter whatever you deposit BTCD today or 5 days from now.

'

If the BTCD that is deposited today on the website "wont technically convert to KMD", then why does it show a KMD balance in your account on the website after you swap that BTCD?

that is the KMD credits you have which will be the amount of KMD you will get when mainnet launches.

Ok it says "My KMD balance", so that's where I got confused.

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: tclo on January 08, 2017, 03:49:42 PM

Quote from: KomodoPlatform on January 08, 2017, 03:23:28 PM

There is also some confusing regarding the staking and 5 APR interest.

If you deposit BTCD today it won't technically convert to KMD, which means you are not going to receive any interest. However, the swap rate is decreasing everyday to take that into account.

All in all it doesn't really matter whatever you deposit BTCD today or 5 days from now.

'

If the BTCD that is deposited today on the website "wont technically convert to KMD", then why does it show a KMD balance in your account on the website after you swap that BTCD?

that is the KMD credits you have which will be the amount of KMD you will get when mainnet launches.

farl4web

legendary

Activity: 1205

Merit: 1000

Great that we finally have a roadmap for the coming month! Compliments for the Komodo team! Investors in Komodo and participants of the community will be trilled!

BTC-BTC-BTC

legendary

Activity: 1582

Merit: 1001

www.neutroncoin.com

Website is busy. Not able to log back on after I logged out.

Edit: Got back in again and swap completed it.

tclo

hero member

Activity: 518

Merit: 500

Quote from: KomodoPlatform on January 08, 2017, 03:23:28 PM

There is also some confusing regarding the staking and 5 APR interest.

If you deposit BTCD today it won't technically convert to KMD, which means you are not going to receive any interest. However, the swap rate is decreasing everyday to take that into account.

All in all it doesn't really matter whatever you deposit BTCD today or 5 days from now.

'

If the BTCD that is deposited today on the website "wont technically convert to KMD", then why does it show a KMD balance in your account on the website after you swap that BTCD?

KomodoPlatform

sr. member

Activity: 784

Merit: 253

Set Your Ideas Free

There is also some confusing regarding the staking and 5 APR interest.

If you deposit BTCD today it won't technically convert to KMD, which means you are not going to receive any interest. However, the swap rate is decreasing everyday to take that into account.

All in all it doesn't really matter whatever you deposit BTCD today or 5 days from now.

tclo

hero member

Activity: 518

Merit: 500

Quote from: jl777 on January 08, 2017, 02:45:44 PM

Quote

current BTCD block is 1475495, the next round height is 1476000 and every 1000 minutes or so will be another. It will likely be 1485000 or 1486000, however there is some variance in block times, so it might be a bit before or after those two

So, we will lock onto the first multiple of 1000 block after 12 pm GMT on the 15th

Ok got it. Thank you for the quick responses.

4emily

hero member

Activity: 577

Merit: 500

Quote from: KomodoPlatform on January 08, 2017, 03:06:59 PM

Quote from: 4emily on January 08, 2017, 03:02:42 PM

Having logged out and in several times a BTCD address appeared on the Swap page under the QR code (RWfpXpMBqufVWkPMXiaXKeMRLMp795pbcm) but when I entered that address into the 'Pay to' field in my BTCD QT wallet and pressed 'Send' the send process didn't initiate. Instead the address appeared highlighted in red. I've sent a test amount to my Poloniex BTCD deposit address and that worked ok so there's no problem with my QT wallet, which in the absence of any other explanation presumably means that the BTCD address that appears under the QR code on the swap page of my Komodo dashboard isn't a valid BTCD address.... Huh

That sound weird. Are you sure you entered the BTCD address correctly? Can you redo the process? Maybe there was some typo or other mistake. You can try with a small test amount.

solved the problem by deleting the last character of the address having copy pasted the address into the 'pay to' field and then typing it back in manually

KomodoPlatform

sr. member

Activity: 784

Merit: 253

Set Your Ideas Free

Notary Node Elections 2017

Don't forget that the elections are here too!

We now have all the dates and things are happening.

Here's a summary about the candidates:

Tomorrow we will also publish a election guide on komodoelection.com

Now it is time to start researching about the various candidates!

yassin54

legendary

Activity: 1540

Merit: 1000

KMD Launch Schedule - You can now deposit BTCD.

Twitter : https://twitter.com/KomodoPlatform/status/818185938530684928

Reddit : https://www.reddit.com/r/komodoplatform/comments/5mstoa/kmd_launch_schedule_you_can_now_deposit_btcd/

Facebook : https://www.facebook.com/KomodoPlatform/posts/391515287861715

News SuperNET : http://news.supernet.org/posts/H9N7bPxBiqNoAGzig/kmd-launch-schedule-you-can-now-deposit-btcd

KomodoPlatform

sr. member

Activity: 784

Merit: 253

Set Your Ideas Free

Quote from: 4emily on January 08, 2017, 03:02:42 PM

Having logged out and in several times a BTCD address appeared on the Swap page under the QR code (RWfpXpMBqufVWkPMXiaXKeMRLMp795pbcm) but when I entered that address into the 'Pay to' field in my BTCD QT wallet and pressed 'Send' the send process didn't initiate. Instead the address appeared highlighted in red. I've sent a test amount to my Poloniex BTCD deposit address and that worked ok so there's no problem with my QT wallet, which in the absence of any other explanation presumably means that the BTCD address that appears under the QR code on the swap page of my Komodo dashboard isn't a valid BTCD address.... Huh

That sound weird. Are you sure you entered the BTCD address correctly? Can you redo the process? Maybe there was some typo or other mistake. You can try with a small test amount.

4emily

hero member

Activity: 577

Merit: 500

Having logged out and in several times a BTCD address appeared on the Swap page under the QR code (RWfpXpMBqufVWkPMXiaXKeMRLMp795pbcm) but when I entered that address into the 'Pay to' field in my BTCD QT wallet and pressed 'Send' the send process didn't initiate. Instead the address appeared highlighted in red. I've sent a test amount to my Poloniex BTCD deposit address and that worked ok so there's no problem with my QT wallet, which in the absence of any other explanation presumably means that the BTCD address that appears under the QR code on the swap page of my Komodo dashboard isn't a valid BTCD address.... Huh

KomodoPlatform

sr. member

Activity: 784

Merit: 253

Set Your Ideas Free

Quote from: BitcoinForumator on January 08, 2017, 02:49:51 PM

No address just a QR code on the Swap page. Wtf?

The servers are under some heavy load, which causes some performance issues. For me too the address was missing, but appeared a little later.

Just wait and it should appear below the QR code!

KomodoPlatform

sr. member

Activity: 784

Merit: 253

Set Your Ideas Free

There is some confusion as people are afraid their BTCD will be immediately swapped for KMD and they miss the snapshot. However, you won't miss the snapshot if you make the deposit.

You will just deposit the BTCD to the ICO site, and then you will participate into the snapshot automatically and after that the swap will happen. And then the swapping will continue for one year.

BitcoinForumator

legendary

Activity: 1120

Merit: 1000

No address just a QR code on the Swap page. Wtf?

KomodoPlatform

sr. member

Activity: 784

Merit: 253

Set Your Ideas Free

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

You can now deposit BTCD to our ICO site, and then you will automatically take part in the snapshot for REVS asset, and afterwards your BTCD will be automatically swapped for KMD. Once you deposit your BTCD to the ICO site you cannot undo it. If you deposit, you will agree to get KMD in return.

The BTCD snapshot will happen at some point during that day. Instead of a time it will be some specific block. We are not sure yet which block it is. We can more accurately say the block/time a little bit later. In any case it will happen 15.1, and we will try to time it to happen around 3pm UTC.

Support is delayed today

Your dear community manger is travelling today and have very limited time to answer questions. We are sorry for the situation, but we ensure you that all the questions in twitter/facebook, etc will be answered on Monday.

We have had delays enough, so we thought it is important to move forward with the plan as it become technically possible. This day will be a bit chaotic.

What is the difference between REVS snapshot and KMD swap?

These two are two different things:

Quote from: KomodoPlatform on December 13, 2016, 06:25:54 AM

I'll try to clear out all the uncertainty & misunderstandings

We try to swap all BTCD there exist throughout 1 full year. If someone has BTCD it can be swapped, no matter when it is bought. You could buy BTCD 6 months from now and swap it for KMD.

BTCD Snapshot to get REVS

- The snapshot is not related to BTCD swap.
- The snapshot is to get an additional asset called REVS.
- The privatekeys are used to redeem the asset.
- The snapshot has not happened yet!
- to participate the BTCD can be stored either in a BTCD address under your control, or in our ICO site

BTCD Swap to get KMD

- has nothing to do with the snapshot
- is done through the ICO site
- lasts 1 full year
- swapped BTCD ends up to our account, where it is publicly visible (nothing will happen to the swapped BTCD)
- hopefully every single BTCD coin will get swapped during the year

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: tclo on January 08, 2017, 02:42:30 PM

Quote from: jl777 on January 08, 2017, 02:33:25 PM

Quote from: tclo on January 08, 2017, 02:24:52 PM

Quote from: PondSea on January 08, 2017, 02:14:14 PM

I think you need to take your advise and read what i wrote. I answered your question with my post.

The deposits is open for people to deposit their BTCD for the REVS snapshot as well as to swap your BTCD to KMD. If you do not want to swap your BTCD for now that is OK just hold it locally in your own wallet. This does mean you cannot vote for notaries though as you would not have any KMD to do so.

This means that you can either hold your BTCD in your wallet OR deposit it into the SWAP site and on the 15th the snapshot will happen. By sending it to the SWAP site you kill 2 birds with 1 stone.

I didn't ask about voting. I didn't ask if someone had to swap your BTCD now or wait until later.

What is the date of the REVS snapshot of the BTCD blockchain? And is it going to still work as before and if you are holding BTCD in your own wallet and have the private keys, then you are set and you will be part of the REVS distribution?

Jan 15th is the date, height will be a round multiple of 1000 that happens on that day. It will work just as before, not sure why you concluded it changed.

best way is to have BTCD in local wallet. this is not changed.

Thank you for clarifying. But what does "height will be a round multiple of 1000" mean?

current BTCD block is 1475495, the next round height is 1476000 and every 1000 minutes or so will be another. It will likely be 1485000 or 1486000, however there is some variance in block times, so it might be a bit before or after those two

So, we will lock onto the first multiple of 1000 block after 12 pm GMT on the 15th

Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 701. (Read 1192398 times)