Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 703. (Read 1192398 times)

ICO website is acting weird. I enter login/pass, hit Sign in, but nothing happens. After a while I entered my account but it didn't show any transactions. Now I can't log in again.

Who's that guy? ^ Looks like he got severe brain damage some time ago.

What the hell> Was that u who registered that site? As u command urself to support this ico u're a fraudster and should subjected to a thorough investigation by SEC, so they can check u out and find out how bankrupt ur principles of dignity are.

What does that mean?   When is the snapshot and you've been saying for months that the swap isn't supposed to be related to the REVS distribution.

Quoting KomodoPlatform

"
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 in 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
"

And you said two days ago that "1BTCD = 50.448 is the official announced BTCD>KMD swap rate!  During 1 fully year BTCD can be swapped for KMD with that rate (however the exchange rate decreases slightly throughout the year because BTCD staking expands the supply".

Now you suddenly say "1 BTCD = 50.42041779 KMD"    Do you guys keep to any of your "official" published plans?

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

It worked, thanks!

try logout and login again

The BTCD --> KMD swap is now live on our ICO platform: https://ico.komodoplatform.com/. Swap your BTCD before 15.01.2017 to participate on the REVS distribution! Just login to your ICO account and click "Swap" in the menu to start the swapping process.

You can directly send from exchanges to the BTCD address too!

If you have questions contact @Komodoplatform on bitcointalk.org  or @audo  in slack.

I registered  on ICO website to deposit BTCD. It says "Send your BTCD to your bitcoindark deposit address below to receive KMD.", but I don't see an address, only QR code.

I get it, just asking. So it's basically XCR/LSK situation. With the difference that conversion period will last 12 months.

U can confine urself to selling for now. I don't think rollout of the new wallet will happen this week.

is wallet out yet?
any progress other than sells more coins?

since there is a conversion, I would expect any large discrepancy to be arbitraged. After all, if BTCD is 50 satoshis you can get KMD for 1 satoshi, it seems that such prices wont be available for very long, so a 50 satoshi price for BTCD is quite unlikely.

since it is a oneway conversion, eg. KMD is not convertible to BTCD, the arbitrage will provide a floor, but not enforce a ceiling. So it is possible for the BTCD price to go significantly above 50x KMD price. Not saying it will, just saying there is no opposite arbitrage that would put a cap to the BTCD price.

whenever something is convertible to another thing, its price usually relates

1 BTCD = 50.42041779 KMD

1 BTCD = 50448 KMD for the whole year? Even if in 11 months from now BTCD worth 0.00000001 BTC instead of 0.00377000 BTC? Or 0.037 instead of 0.0037?

Read the post above yours.  The ICO is over, but you can get about 80% more KMD per BTC now than you could through the ICO.  You just buy BTCD and then exchange for KMD in a week or two.

ICO over. You can´t invest with BTC anymore.

But BTCD holder can swap their coins to KMD within 365 days. So, everybody can buy and swap BTCD within that timeframe.

Read more (FAQ) here: https://bitcointalksearch.org/topic/m.17353166

I'm confused. Is ICO over or not over?

BTCD price is rising in anticipation of the impending swap.  When I first posted about this a couple of days ago, BTCD was at .00310.  Now the price is .00379, which is 18.2% higher and there is 13 BTC worth of BTCD at the bid at .00310 or higher, which is where you could have bought it earlier.  

Remember that .00651 is equivalent to the ICO price, so still plenty more room to run up before the swap and afterwards as well.

.00379 i still a great deal...

Current BTCD Price (Poloniex):  .00379 BTCD/BTC

Current BTC/BTCD rate: 263.85 : 1 (amount of BTCD that you get for 1 BTC)

KMD/BTCD swap rate: 50.4488 : 1 (amount of KMD you will get for 1 BTCD that you swap on ICO site)

KMD/BTC current rate: 13311.029 (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: +5564.507 KMD or +71.83% 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.

Once you buy BTCD, be sure to move it to your personal wallet.  BTCD is Proof of Stake so you will receive extra free BTCD from automatic mining when you have it in your own wallet.  And you also need it in your personal wallet before the KMD “snapshot” that will get you the extra REVS asset.  Download BTCD wallet here:  http://bitcoindark.com/