[ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 723.

Wapinter

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Hire me for Bounty Management

Quote from: KomodoPlatform on December 20, 2016, 07:37:34 AM

Quote from: zahra4577 on December 20, 2016, 07:33:47 AM

Quote from: KomodoPlatform on December 19, 2016, 09:42:00 AM

Quote from: zahra4577 on December 19, 2016, 07:38:09 AM

Quote from: KomodoPlatform on December 19, 2016, 07:27:29 AM

Quote from: jl777 on December 19, 2016, 06:55:27 AM

Quote from: zahra4577 on December 19, 2016, 06:54:00 AM

Who can participate in voting? What is the minimum amount of Kmd tokens one must have to be eligible to vote and where and how it can be done?

everyone with KMD
the ICO site is being updated to support voting

We are going to have a BTCD swap also, so anyone could buy BTCD and swap it for KMD. After the swap you will have KMD which you can use to vote.

The ICO site is coming together nicely, hopefully we can soon announce the schedule.

Thanks to both of you for answering.
Will each token holder have 1 voting right irrespective of amount of kmd he holds or will it be proportionate to number of KMD he has?

No problem!

1 KMD = 1 vote per region

You will vote four times, one time per each region (each region will have an independent election)

That is great concept.Chances of big investors being bribed by candidates for getting their votes? since they have large sums of kmd, they can make someone win
And will notary candidates be able to vote for themselves?

The elections are quite open, and we want to make them even more open in the future (decentralized). Basically there's no way to stop backroom deals from happening. Also there's really no way to stop any notary node operator from voting.

Right now you could buy BTCD from the open markets, register 10 different accounts through our ICO site, and then use them to vote.

Will signature participants like me who opt to get paid in KMD be get KMD before voting starts so that we can also participate

donarito

hero member

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waiting for Komodo on exchanges

RJF19

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AKA RJF - Since '14 - On line since '84

Quote from: privatenode on December 20, 2016, 08:19:33 AM

Quote from: RJF19 on December 19, 2016, 03:37:08 PM

Quote from: privatenode on December 19, 2016, 02:57:08 PM

i heard jl777 tried list a coin he made on poloniex, due to they request reveal jl777's ID to verify that is not a fraud , and he refused, so the coin didn't make it.
anyhow a very small platform took that coin, and so called "listed"

my question is will komodo be listed to a well-known , trustful platform with actual volume of traders? is your team ready to make verification as those famous coins "xmr' "eth" "etc" "zcash"?

Where did you hear that nonsense? jl777 is the core developer of BitcoinDark (BTCD), the predecessor of Komodo (KMD) BTCD is listed on Poloniex. Discussion closed.

some online thread about james and his coin's investigation , i did a little research before put myself into ICO. anyhow i missed the bonus stage but still got plenty KMD for myself.

Be careful about what you read online! Grin

kaicrypzen

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Activity: 1344

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Quote from: jl777 on December 20, 2016, 12:07:01 PM

It is a liquidity issue. for small amounts, you are correct.
however, try to buy 500 BTC worth of BTCD and see where the price ends up. probably 4x current price levels and certainly not any better price at all.

Yes I agree, in one of my previous comments : https://bitcointalksearch.org/topic/m.17008454, I highlighted:

Quote from: kaicrypzen on November 27, 2016, 12:25:06 PM

it was/is the best option for small to medium investments.

Having said that, I think there was plenty of time for small (to medium) investors to accumulate.

Quote from: jl777 on December 20, 2016, 12:07:01 PM

there is about 50 BTC of BTCD below the 0% bonus price. That is approx 2% of ICO volumes, so to equate the BTCD converted price as a substitute of ICO investment ignores the lack of liquidity.

That being said 50 BTC is a significant amount for any single person, who can get an effective bonus in the open market.

Yes, I agree that liquidity should be taken into account. I was reacting to the answer of KomodoPlatform which is, in my opinion, confusing, given what the asker probably meant by the question.

jl777

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Quote from: kaicrypzen on December 20, 2016, 11:39:26 AM

Quote from: KomodoPlatform on December 20, 2016, 10:20:31 AM

Quote from: milonite on December 20, 2016, 08:25:10 AM

Quote from: KomodoPlatform on December 20, 2016, 07:32:18 AM

Quote from: milonite on December 20, 2016, 06:34:34 AM

The exchange rate 1BTCD=50KMD will be the same for all the period of the swap (1 year) ?

Basically yes, but the exchange rate will decrease slightly every day to account the 5% APR bitcoindark has. With this we ensure there won't be more BTCD than there are KMD reserved for the swap.

So apparently there isnt any difference partecipating the ICO (as i done) and buying now BTCD and wait the swap?

Yes, with both ways you get the same KMD coins.

Euh, this answer is rather confusing ... The fact is, an investor who invested 1 BTC at any stage of the ICO will get less KMD than someone who bought 1 BTC worth of BTCD throughout the ICO (BTCD price ranged from 0.0035x to 0.0048x on Polo). On Polo, right now, if you want to buy 1 BTC worth of BTCD, you'll get it for between 0.0038 and 0.00406. With the current rate that is a better investment (BTC-wise) than having invested 1 BTC in the Komodo ICO (even with the 35% bonus).

Let's have an example:
Right now, on Polo there is a sell order of 200 BTCD fo 0.00406 each, that is 0.812 BTC.
With the rates from the second post:

Quote from: KomodoPlatform on September 01, 2016, 03:00:01 PM

The following exchange rates were calculated after the ICO:

1 BTC = 7746,521995 KMD
1 BTCD = 50,42041779 KMD

- Investing directly in the ICO will get you 0.812*7746.521995 = 6290.17585994 KMD (the 35% bonus will get you 8491.73741091)
- Buying BTCD from that sell order and then swapping it (before the rate decreases) will get you 200*50.42041779 = 10084.083558 KMD

Unless I missed something ...

It is a liquidity issue. for small amounts, you are correct.
however, try to buy 500 BTC worth of BTCD and see where the price ends up. probably 4x current price levels and certainly not any better price at all.

there is about 50 BTC of BTCD below the 0% bonus price. That is approx 2% of ICO volumes, so to equate the BTCD converted price as a substitute of ICO investment ignores the lack of liquidity.

That being said 50 BTC is a significant amount for any single person, who can get an effective bonus in the open market.

polycryptoblog

sr. member

Activity: 383

Merit: 252

Yes, at the current time BTCD is a better swap, however this will not always be case.

2 reasons

1) The amount of BTCD available for sale will eventually reach parity with swap price. People who are wanting to get more Komodo will buy BTCD and swap this will drive the price up to what people are willing to swap it for. There is only 100 BTC or so available on polo under swap price which isn't much.

2) End of 2017 you won't be able to swap BTCD anymore.
Due to this, the holders of BTCD on exchanges will want to exchange their coin at some point during the year, consequently supply dwindles and price reaches parity.

kaicrypzen

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Activity: 1344

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Quote from: KomodoPlatform on December 20, 2016, 10:20:31 AM

Quote from: milonite on December 20, 2016, 08:25:10 AM

Quote from: KomodoPlatform on December 20, 2016, 07:32:18 AM

Quote from: milonite on December 20, 2016, 06:34:34 AM

The exchange rate 1BTCD=50KMD will be the same for all the period of the swap (1 year) ?

Basically yes, but the exchange rate will decrease slightly every day to account the 5% APR bitcoindark has. With this we ensure there won't be more BTCD than there are KMD reserved for the swap.

So apparently there isnt any difference partecipating the ICO (as i done) and buying now BTCD and wait the swap?

Yes, with both ways you get the same KMD coins.

Euh, this answer is rather confusing ... The fact is, an investor who invested 1 BTC at any stage of the ICO will get less KMD than someone who bought 1 BTC worth of BTCD throughout the ICO (BTCD price ranged from 0.0035x to 0.0048x on Polo). On Polo, right now, if you want to buy 1 BTC worth of BTCD, you'll get it for between 0.0038 and 0.00406. With the current rate that is a better investment (BTC-wise) than having invested 1 BTC in the Komodo ICO (even with the 35% bonus).

Let's have an example:
Right now, on Polo there is a sell order of 200 BTCD fo 0.00406 each, that is 0.812 BTC.
With the rates from the second post:

Quote from: KomodoPlatform on September 01, 2016, 03:00:01 PM

The following exchange rates were calculated after the ICO:

1 BTC = 7746,521995 KMD
1 BTCD = 50,42041779 KMD

- Investing directly in the ICO will get you 0.812*7746.521995 = 6290.17585994 KMD (the 35% bonus will get you 8491.73741091)
- Buying BTCD from that sell order and then swapping it (before the rate decreases) will get you 200*50.42041779 = 10084.083558 KMD

Unless I missed something ...

polycryptoblog

sr. member

Activity: 383

Merit: 252

Quote from: sambiohazard on December 20, 2016, 11:10:58 AM

I hope 1 week of swap will be either before holidays or in the new year. Some people might miss it while enjoying with their families.

BTCD swap to Komodo will continue throughout 2017. The snapshot will be approximately one week after ico site acceptance. This is for REVS asset, an additional asset to compensate for the revshare that was promised to BTCD holders. This is SEPARATE from swapping BTCD to Komodo.

sambiohazard

hero member

Activity: 840

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I hope 1 week of swap will be either before holidays or in the new year. Some people might miss it while enjoying with their families.

Sincere_

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Activity: 716

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Excited for the next couple of weeks can't wait to see those kmds in my wallet will be an interesting 2017 can't wait to see what happens when kmd hits the markets

KomodoPlatform

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Set Your Ideas Free

Quote from: milonite on December 20, 2016, 08:25:10 AM

Quote from: KomodoPlatform on December 20, 2016, 07:32:18 AM

Quote from: milonite on December 20, 2016, 06:34:34 AM

The exchange rate 1BTCD=50KMD will be the same for all the period of the swap (1 year) ?

Basically yes, but the exchange rate will decrease slightly every day to account the 5% APR bitcoindark has. With this we ensure there won't be more BTCD than there are KMD reserved for the swap.

So apparently there isnt any difference partecipating the ICO (as i done) and buying now BTCD and wait the swap?

Yes, with both ways you get the same KMD coins.

Quote from: sambiohazard on December 20, 2016, 09:57:19 AM

Is there a github or some site where i can see the milestone completion for ICO site to be ready for BTCD swap? I think it would stop lots of question about when it will be ready.

For the ICO site there is not, but I can assure everyone that there is progress everyday and it's just a matter of time when it is finished.

kaicrypzen

hero member

Activity: 1344

Merit: 656

Quote from: milonite on December 20, 2016, 08:25:10 AM

Quote from: KomodoPlatform on December 20, 2016, 07:32:18 AM

Quote from: milonite on December 20, 2016, 06:34:34 AM

The exchange rate 1BTCD=50KMD will be the same for all the period of the swap (1 year) ?

Basically yes, but the exchange rate will decrease slightly every day to account the 5% APR bitcoindark has. With this we ensure there won't be more BTCD than there are KMD reserved for the swap.

So apparently there isnt any difference partecipating the ICO (as i done) and buying now BTCD and wait the swap?

It doesn't seem so, at least for the time being. Maybe in some days/weeks/months, depending on how the rate will decrease. Now, with the current rate of 1 BTCD = 50.42041779 KMD, it is more profitable/less risky to buy BTCD (if there's enough liquidity) and to swap it.

sambiohazard

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Is there a github or some site where i can see the milestone completion for ICO site to be ready for BTCD swap? I think it would stop lots of question about when it will be ready.

milonite

member

Activity: 160

Merit: 10

Quote from: KomodoPlatform on December 20, 2016, 07:32:18 AM

Quote from: milonite on December 20, 2016, 06:34:34 AM

The exchange rate 1BTCD=50KMD will be the same for all the period of the swap (1 year) ?

Basically yes, but the exchange rate will decrease slightly every day to account the 5% APR bitcoindark has. With this we ensure there won't be more BTCD than there are KMD reserved for the swap.

So apparently there isnt any difference partecipating the ICO (as i done) and buying now BTCD and wait the swap?

privatenode

newbie

Activity: 23

Merit: 0

Quote from: RJF19 on December 19, 2016, 03:37:08 PM

Quote from: privatenode on December 19, 2016, 02:57:08 PM

i heard jl777 tried list a coin he made on poloniex, due to they request reveal jl777's ID to verify that is not a fraud , and he refused, so the coin didn't make it.
anyhow a very small platform took that coin, and so called "listed"

my question is will komodo be listed to a well-known , trustful platform with actual volume of traders? is your team ready to make verification as those famous coins "xmr' "eth" "etc" "zcash"?

Where did you hear that nonsense? jl777 is the core developer of BitcoinDark (BTCD), the predecessor of Komodo (KMD) BTCD is listed on Poloniex. Discussion closed.

some online thread about james and his coin's investigation , i did a little research before put myself into ICO. anyhow i missed the bonus stage but still got plenty KMD for myself.

KomodoPlatform

sr. member

Activity: 784

Merit: 253

Set Your Ideas Free

Quote from: zahra4577 on December 20, 2016, 07:33:47 AM

Quote from: KomodoPlatform on December 19, 2016, 09:42:00 AM

Quote from: zahra4577 on December 19, 2016, 07:38:09 AM

Quote from: KomodoPlatform on December 19, 2016, 07:27:29 AM

Quote from: jl777 on December 19, 2016, 06:55:27 AM

Quote from: zahra4577 on December 19, 2016, 06:54:00 AM

Who can participate in voting? What is the minimum amount of Kmd tokens one must have to be eligible to vote and where and how it can be done?

everyone with KMD
the ICO site is being updated to support voting

We are going to have a BTCD swap also, so anyone could buy BTCD and swap it for KMD. After the swap you will have KMD which you can use to vote.

The ICO site is coming together nicely, hopefully we can soon announce the schedule.

Thanks to both of you for answering.
Will each token holder have 1 voting right irrespective of amount of kmd he holds or will it be proportionate to number of KMD he has?

No problem!

1 KMD = 1 vote per region

You will vote four times, one time per each region (each region will have an independent election)

That is great concept.Chances of big investors being bribed by candidates for getting their votes? since they have large sums of kmd, they can make someone win
And will notary candidates be able to vote for themselves?

The elections are quite open, and we want to make them even more open in the future (decentralized). Basically there's no way to stop backroom deals from happening. Also there's really no way to stop any notary node operator from voting.

Right now you could buy BTCD from the open markets, register 10 different accounts through our ICO site, and then use them to vote.

zahra4577

hero member

Activity: 518

Merit: 500

Quote from: KomodoPlatform on December 19, 2016, 09:42:00 AM

Quote from: zahra4577 on December 19, 2016, 07:38:09 AM

Quote from: KomodoPlatform on December 19, 2016, 07:27:29 AM

Quote from: jl777 on December 19, 2016, 06:55:27 AM

Quote from: zahra4577 on December 19, 2016, 06:54:00 AM

Who can participate in voting? What is the minimum amount of Kmd tokens one must have to be eligible to vote and where and how it can be done?

everyone with KMD
the ICO site is being updated to support voting

We are going to have a BTCD swap also, so anyone could buy BTCD and swap it for KMD. After the swap you will have KMD which you can use to vote.

The ICO site is coming together nicely, hopefully we can soon announce the schedule.

Thanks to both of you for answering.
Will each token holder have 1 voting right irrespective of amount of kmd he holds or will it be proportionate to number of KMD he has?

No problem!

1 KMD = 1 vote per region

You will vote four times, one time per each region (each region will have an independent election)

That is great concept.Chances of big investors being bribed by candidates for getting their votes? since they have large sums of kmd, they can make someone win
And will notary candidates be able to vote for themselves?

KomodoPlatform

sr. member

Activity: 784

Merit: 253

Set Your Ideas Free

Quote from: milonite on December 20, 2016, 06:34:34 AM

The exchange rate 1BTCD=50KMD will be the same for all the period of the swap (1 year) ?

Basically yes, but the exchange rate will decrease slightly every day to account the 5% APR bitcoindark has. With this we ensure there won't be more BTCD than there are KMD reserved for the swap.

Quote from: jacafbiz on December 20, 2016, 06:50:31 AM

Quote from: milonite on December 20, 2016, 06:34:34 AM

The exchange rate 1BTCD=50KMD will be the same for all the period of the swap (1 year) ?

I hope this project will not be a mistake for investing into it, there seems to be no real update on the project, no real wallet and the swap deal seems fishy to me and the just doesn't make any sense as days pass

Hi! We have explained the situation many times, and it's somewhat silent here because there's nothing to update. We are waiting for the ICO site to finish, and after that will announce the schedule for elections & KMD distribution.

Regarding the ICO site there were some good news: we have been successfully testing the BTCD swap feature through an "ugly GUI". The thing works, and now our other dev is implementing it to the actual ICO website with the pretty GUI. We all hope this is done soon, and things will start moving once it is done.

Regarding the wallets: they are being tested by the team. There are still bugs and issues, so they are not published with easy installers. There have been some alpha releases, and multiple screenshots. The team is working hard to get a fully working GUI with "one-click" install ready for the KMD distribution.

The progress can be best observed if you join our Slack. The most active channels are: #iguana, #komodo, #GUI-development, #general, #elections, #notarynode

EDIT: Just yesterday jl777 gave an update regarding the Komodo development: Last Few Weeks of Development Until Launch

jacafbiz

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PredX - AI-Powered Prediction Market

Quote from: milonite on December 20, 2016, 06:34:34 AM

The exchange rate 1BTCD=50KMD will be the same for all the period of the swap (1 year) ?

I hope this project will not be a mistake for investing into it, there seems to be no real update on the project, no real wallet and the swap deal seems fishy to me and the just doesn't make any sense as days pass

milonite

member

Activity: 160

Merit: 10

The exchange rate 1BTCD=50KMD will be the same for all the period of the swap (1 year) ?

Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 723. (Read 1191996 times)