Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 740. (Read 1192344 times)

Hi! When results will be here?

This also makes more profitable for everyone to hold their BTCD and KMD even if it dropped 50% after launch.

aint it nice, you can still buy BTCD for 50% cheaper. This also makes more profitable for everyone to hold their BTCD and KMD even if it dropped 50% after launch.

When is the BTCD swap going to start? Will the swap also be done in the ICO platform?

So this puts the current market equivalent exchange rate to 0.0065 BTC per BTCD. This is much higher than the estimated 0.0043 earlier during the ICO.

The exchange rates got adjusted, based on more accurate calculations:
1 BTC = 7746,521995 KMD
1 BTCD = 50,42041779 KMD

These are now the final numbers!

P-Trump withdraws as a candidate in the node election!
I've come to a mutually beneficial arrangement with one of the current testnet node operators, so I wont be running in the election myself. Please withdraw my name from the election site.

If the election wasn't broken into regions I may have considered running, winning one node, and then hiring a node manager myself, but with four separate regional elections (and a minimum node quota of 1/16 of 100M votes) it seems a better option all around to have things the other way around (i.e. the node manager runs in all four regional elections with my support in exchange for a future profit share, rather than I run for election in a single region and share profits from a single node). It's easier for a node manager to build a viable coalition of support. In later elections things might change, but if a high proportion of votes are cast in the first election I think my chances of winning a node in each region is far less than a current testnet operator.

All the best to everyone running in the election!!

edit:
from now on I'm going to refer to 'votes' as 'shares' in the monopoly profits that are being granted to the node operators. Those monopoly profit shares have been distributed proportionally to all KMD holders. I think it makes it easier to see where things are going. 'Selling votes' doesn't sound very nice, and can be easily misinterpreted, but trading 'monopoly' rights (e.g. carbon trading, mining concessions, water rights etc) doesn't have that 'baggage', and it might make it easier for us all to move from point A, to point B. Every KMD holder has been given a 'share' in the KMD monopoly mining profits, and trading them and using the profits to do something 'useful' is not a bad thing IMO

Who is most entitled to the monopoly KMD mining profits once everything settles down after a few elections? I say it's the KMD holders!

In the example 100% subsidy is equivalent to subtract 500 $ from the reserve by region. This will only happen if KMD is 0. Why?
If there are only 8 Nodes with 100% in 1 region and KMD is at ICO price, only $ 2400 not 4000 will be paid.

I'm wrong?

Look at "The Guaranteed Subsidy" section in the same post.

In the example used it seems
https://bitcointalksearch.org/topic/m.16985638
4000$ is 800%
100% is 500$
You are rating kmd 0
If you value KMD price ico. 100% subsidy is not 500 $ is 300$ more or less.
As it says pondsea.

You are misunderstanding something. We don't value KMD as $0.

In USD it should be around 7.5 to 9.3 cents US per KMD based on the final rates published. The higher end if the BTC price is the main measure, the lower number if you factor in the actual value of BTCD.

This of course is an intrinsic value based on investments, market will ultimstely determine the price, right?

You are misunderstanding something. We don't value KMD as $0.

One last query
Why do you rate kmd in 0 $?
I think KMD should value the ICO price.You really believe that Komodo can be worth $ 0

Thanks