[ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 705.

penoze

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https://minepi.com/cryptomeneer

Quote from: tclo on January 06, 2017, 03:50:51 PM

Quote from: penoze on January 06, 2017, 03:39:36 PM

Hello,

Maybe this question is already answered before.
Where can i trade KOMODO at this moment?

You can't trade KMD yet, but you can buy BTCD on Poloniex, which can be converted to KMD in the next week or two. Read the last two pages in this thread and there is information about that and how you would be buying KMD for half of the ICO price.

Okay thanks Cool

Going take a closer look to komodo and after that consider to buy some btcd to swap

Is it possible to swap from the supernet wallet?

polycryptoblog

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Quote from: ?? on ??

thats actually what i say...its a scam...who decide 50.44 KMD per BTCD??? It was the Komodo Team, not the market. Why they dont say 40 or 30KMD for 1 BTCD? on which basis they calculate it??? 50.44 is too high...the winner are all btcd holders (for example jl777) because they get the money from the BTC Investors.

BTC raised in ICO + BTC ICO Bonuses + (BTCD Coin Supply * .00651) / 90000000

.00651 is the swap value in BTC of a BTCD after factoring set price of .00532 + 20% average bonus collected.

The swap ends up approximately 50.44 This is not an arbitrary number.

All of this was very transparent through the entirety of the ICO.

tclo

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Quote from: kaicrypzen on January 07, 2017, 07:01:19 AM

The swap rate has been decided by the team (yes it was based on the mean price during last August), this has been clear from the start, it wasn't a last minute decision or something, the rate was known and it was an investor's decision to invest using BTC or to buy BTCD to swap it later.

Yes well said and people are just whining, because they didn't make a decision that worked out the best for them. They will still do fine with their ICO KMD, but whoever buys BTCD today will do even better. But if KMD is as successful as its potential suggests, then everyone should realize some nice gains on their investment and be pleased with that.

kaicrypzen

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Quote from: tclo on January 07, 2017, 06:45:32 AM

Quote from: ?? on ??

thats actually what i say...its a scam...who decide 50.44 KMD per BTCD??? It was the Komodo Team, not the market. Why they dont say 40 or 30KMD for 1 BTCD? on which basis they calculate it? Huh

The market decides the value of BTCD and that is half of the equation as to how much KMD you get per $1.00 of BTCD.

If you look on Poloniex, you will see that there is not much available at low rates. If you bought the same 33 BTC worth, you would jack the price up over 50%, and would be less KMD (in USD terms) than at the start of the ICO.

But there is a limited amount at lower prices and will probably get bought up soon. I'm going to add more myself as soon as my deposit to Poloniex clears. You should stop your illogical whining and buy some more before the price goes up.

Not everybody has spare funds to buy BTCD now and lower there entry price in the ICO and not everybody wants to do that either, maybe some lost faith maybe not, maybe the BTCD price will go down further maybe not, lots of maybes and nothing is sure/predictable, so there's no sure/right strategy when it comes to this.

The swap rate has been decided by the team (yes it was based on the mean price during last August), this has been clear from the start, it wasn't a last minute decision or something, the rate was known and it was an investor's decision to invest using BTC or to buy BTCD to swap it later.

tclo

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Quote from: ?? on ??

thats actually what i say...its a scam...who decide 50.44 KMD per BTCD??? It was the Komodo Team, not the market. Why they dont say 40 or 30KMD for 1 BTCD? on which basis they calculate it? Huh

The market decides the value of BTCD and that is half of the equation as to how much KMD you get per $1.00 of BTCD.

If you look on Poloniex, you will see that there is not much available at low rates. If you bought the same 33 BTC worth, you would jack the price up over 50%, and would be less KMD (in USD terms) than at the start of the ICO.

But there is a limited amount at lower prices and will probably get bought up soon. I'm going to add more myself as soon as my deposit to Poloniex clears. You should stop your illogical whining and buy some more before the price goes up.

tclo

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Here is the daily update of the BTC/BTCD/KMD current swap values. Again, this is the only way to indirectly buy KMD right now. Once the swap begins on the Komodo ICO site, you will be able to swap 1 BTCD for 50.4488 KMD. Here are the current #s:

Current BTCD Price (Poloniex): .00338 BTCD/BTC

Current BTC/BTCD ratio: 295.86 (amount of BTCD that you get for 1 BTC)

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

KMD/BTC current ratio: 14925.68 (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: +7179.158 KMD or +92.68% extra (relative to ICO KMD/BTC rate at the end of ICO with no bonus)

So at current prices, you get nearly twice the amount of KMD that you would have 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 you could during the end of the ICO.

tclo

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Quote from: ?? on ??

no...thats not correct...in past when i dont had invest in KMD directly with BTC but invested 33 BTC in BTCD and wait until now...then i will get the double amount...thats not fair

If I were you, I would be happy that BTCD price dropped a good bit and gave you this opportunity to get more KMD at such a low rate. And the developers do not set the market price of BTCD. The market does that.

tclo

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Quote from: CryptoNick on January 07, 2017, 03:31:44 AM

KMD will also effectively be worth what BTC is worth across the ICO. If you invested BTC at $700 you still hold that value. Live coins can fluctuate and once KMD is live it will match the invested worth of KMD to BitCoin. Would you sell your KMD you got with BitCoin for Half? No! So neither would anyone else lol...

Well the market will determine the value of KMD and it could be much higher or lower than ICO price. I'm betting it to be higher, but time will tell.

tclo

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Quote from: xtyling on January 07, 2017, 01:40:40 AM

What was the price of 1 KMD at ICO ?

The price varied throughout the ICO because at the start, you got something like 30% extra and 0 extra at the end. But I believe you got 7746.52 KMD per BTC and BTC was $628 at the end of the ICO.

tclo

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Quote from: coingirl87 on January 07, 2017, 03:24:20 AM

I invested more than 30 BTC in that project....now people can only invest 15 BTC in BTCD and have the same Amount of KMD...thats very frustrating :-(

Bitcoin was $628 at the end of the swap and now it's $876. That is a huge increase and if you bought the ICO at the beginning with the bonus, you didn't really do much worse than someone buying BTCD today. I just did the math and they are actually pretty close, in USD terms.

CryptoNick

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Quote from: ?? on ??

Quote from: CryptoNick on January 07, 2017, 03:31:44 AM

Quote from: coingirl87 on January 07, 2017, 03:24:20 AM

Quote from: jwiz168 on January 07, 2017, 01:48:31 AM

Quote from: xtyling on January 07, 2017, 01:40:40 AM

What was the price of 1 KMD at ICO ?

Its 0.00012909 btc /kmd

now the Price for 1 KMD is 0.00006730

its a half....so the biggest looser are the Bitcoin Investors.....Thank you jl777 for that big loss.

I invested more than 30 BTC in that project....now people can only invest 15 BTC in BTCD and have the same Amount of KMD...thats very frustrating :-(

Did you forget that BitCoin jumped in price? KMD will also effectively be worth what BTC is worth across the ICO. If you invested BTC at $700 you still hold that value. Live coins can fluctuate and once KMD is live it will match the invested worth of KMD to BitCoin. Would you sell your KMD you got with BitCoin for Half? No! So neither would anyone else lol...

no...thats not correct...in past when i dont had invest in KMD directly with BTC but invested 33 BTC in BTCD and wait until now...then i will get the double amount...thats not fair

The BTCD swap is fair. You are invested in BTCD it just gave you a good position in KMD. It is like a Stock split because even with all the BTCD it is only a small fraction of KMD. Considering BTCD are now no longer able to get Market activity since most if not all of the BTCD will be swapped and there are no devs in BTCD. It is like paying it forward to BTCD. Approx 1.3 Million BTCD and it will be interesting to see how much makes it in to the swap too.

CryptoNick

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Quote from: coingirl87 on January 07, 2017, 03:24:20 AM

Quote from: jwiz168 on January 07, 2017, 01:48:31 AM

Quote from: xtyling on January 07, 2017, 01:40:40 AM

What was the price of 1 KMD at ICO ?

Its 0.00012909 btc /kmd

now the Price for 1 KMD is 0.00006730

its a half....so the biggest looser are the Bitcoin Investors.....Thank you jl777 for that big loss.

I invested more than 30 BTC in that project....now people can only invest 15 BTC in BTCD and have the same Amount of KMD...thats very frustrating :-(

Did you forget that BitCoin jumped in price? KMD will also effectively be worth what BTC is worth across the ICO. If you invested BTC at $700 you still hold that value. Live coins can fluctuate and once KMD is live it will match the invested worth of KMD to BitCoin. Would you sell your KMD you got with BitCoin for Half? No! So neither would anyone else lol...

coingirl87

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Quote from: jwiz168 on January 07, 2017, 01:48:31 AM

Quote from: xtyling on January 07, 2017, 01:40:40 AM

What was the price of 1 KMD at ICO ?

Its 0.00012909 btc /kmd

now the Price for 1 KMD is 0.00006730

its a half....so the biggest looser are the Bitcoin Investors.....Thank you jl777 for that big loss.

I invested more than 30 BTC in that project....now people can only invest 15 BTC in BTCD and have the same Amount of KMD...thats very frustrating :-(

polycryptoblog

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Quote from: Kevinde on January 07, 2017, 01:34:13 AM

[

Thank you for your comment. it's very easy to understand this coin. I will join this project .
May I buy some BTCD coins on the exchange and send them to my private wallet for swap?

You can send them to your private wallet and hold them until swap ( BTCD is a staking coin so you can gain a little interest while waiting for ICO site to accept BTCD )

When the ICO site is ready you can send the BTCD to your own address generated by the site.

We will make a big announcement when the ICO is ready to accept BTCD. Stay tuned!

jwiz168

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Quote from: xtyling on January 07, 2017, 01:40:40 AM

What was the price of 1 KMD at ICO ?

Its 0.00012909 btc /kmd

xtyling

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Crypto is Life!

What was the price of 1 KMD at ICO ?

Kevinde

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Quote from: polycryptoblog on January 07, 2017, 01:12:16 AM

Quote from: Kevinde on January 07, 2017, 12:58:49 AM

What about KMD? I can not see it anywhere on the exchange? How can I buy it?
Is this coin used for POS or POW? I'm waiting for this answer. Thank you so much.

KMD has not been distributed yet, so it is not on exchange. Currently final tests are being done on the ICO site for the BTCD swap.

Komodo is a proof-of-work coin using Equihash algorithm. However built into Komodo is a 5% APR mechanism based on unspent tx outputs. What this means is that from the time the coins enter your wallet they will be accruing interest up to 5% a year. To claim this interest payment, you have to send a transaction out. This transaction can be to YOUR OWN ADDRESS.
You can claim this interest multiple times throughout the year and obtain a compounding effect.

To get into KMD now since the ICO is over you can buy BTCD to swap for KMD at a rate of approximately 1BTCD ~ 50.44 KMD. This is an amazing bargain considering the price of BTCD, however order books are thin, so large purchases of BTCD may drive the price up significantly.

BTCD swap is estimated to happen in a week or so

Thank you for your comment. it's very easy to understand this coin. I will join this project .
May I buy some BTCD coins on the exchange and send them to my private wallet for swap?

KomodoPlatform

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Set Your Ideas Free

Quote from: Kevinde on January 07, 2017, 12:58:49 AM

What about KMD? I can not see it anywhere on the exchange? How can I buy it?
Is this coin used for POS or POW? I'm waiting for this answer. Thank you so much.

Where Hope Lies for Privacy, Anonymity, and Fungibility in Cryptocurrency
Komodo’s dPoW Provides Double-Layered Security and Cuts Costs
Komodo: the Native Currency of the SuperNET Ecosystem

A Guide to Better Understand Komodo

You can start by reading these Wink

polycryptoblog

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Quote from: Kevinde on January 07, 2017, 12:58:49 AM

What about KMD? I can not see it anywhere on the exchange? How can I buy it?
Is this coin used for POS or POW? I'm waiting for this answer. Thank you so much.

KMD has not been distributed yet, so it is not on exchange. Currently final tests are being done on the ICO site for the BTCD swap.

Komodo is a proof-of-work coin using Equihash algorithm. However built into Komodo is a 5% APR mechanism based on unspent tx outputs. What this means is that from the time the coins enter your wallet they will be accruing interest up to 5% a year. To claim this interest payment, you have to send a transaction out. This transaction can be to YOUR OWN ADDRESS.
You can claim this interest multiple times throughout the year and obtain a compounding effect.

To get into KMD now since the ICO is over you can buy BTCD to swap for KMD at a rate of approximately 1BTCD ~ 50.44 KMD. This is an amazing bargain considering the price of BTCD, however order books are thin, so large purchases of BTCD may drive the price up significantly.

BTCD swap is estimated to happen in a week or so

tclo

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Quote from: Kevinde on January 07, 2017, 12:58:49 AM

What about KMD? I can not see it anywhere on the exchange? How can I buy it?
Is this coin used for POS or POW? I'm waiting for this answer. Thank you so much.

KMD has not been released yet. You can buy BTCD on Poloniex and in the next few weeks, you can swap 1 BTCD for 50.45 KMD. Read the last few pages of the thread for details.

Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 705. (Read 1192347 times)