Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 756. (Read 1191996 times)

Grewalsatinder updates us today about Komodo's 5% APR and Komodo's GUI.

With 5% APR any KMD holder can easily accumulate more coins: just keep them in your wallet and move them around once a year. It's an automated thing and doesn't require any technical skills.

The 5% APR is not in Zcash, as it is a Komodo feature. The 5% APR will remain until we reach the max supply of 200M KMD. Only a fraction of the new supply goes to the miners (notary nodes mostly).



EDIT: Further details about 5% APR

Usually staking requires one or even two transactions per staking, mostly to just get a fraction of a coin, and this has to be done every block. However with KMD the interest is accrued automatically and you can collect it as early as one hour.

How to earn the interest?
Do nothing, you are earning it all the time.

How to collect the interest?
Just send funds and it will automatically add the interest.

How to check your interest?
You can see the accumulated interest rate from the GUI. However more technically speaking you can use 'listunspent', 'gettxout' and 'getrawtransaction' to show the interest accrued on a per utxo basis, 'getinfo' and 'z_gettotalbalance' shows the combined interest among all your utxo

We made the 5% APR as easy to use as possible. There are no settings to turn on, no modes to active, no passwords to unlock.

Since it is not directly visible in the blockchain, the only indication it exists is via the various calls, as it accumulates at the satoshi level. You can track how the interest grows by just doing a 'getinfo' call hourly.

One technical note: in order for utxo to gain interest it needs to be at least 10 KMD, and it also needs to have nLockTime field set. By default in other coins this field is zero, but with KMD it is changed so that by doing a 'sendtoaddress' sets the nLockTime. What that means is that if somebody sends some KMD to you using komodod, it will start earning interest. To verify just make sure nLockTime is not zero.

Only people that are mining are likely to have utxo that doesn't earn interest. They would need to send it (anywhere) for it to start earning interest. So if utxo is eligible it will automatically start earning interest and to get it, just spend it.

Sorry about that! We will soon redirect to the new link, which is https://komodoplatform.com/where-hope-lies-for-privacy-anonymity-and-fungibility-in-cryptocurrency/

It depends on a lot of things, we cannot give any uniform pay rate. That's why we asked everyone to include a salary requirement.

Awesome but what is the pay rate? Thanks.

Very nice article, good job!
I strongly believe that KMD will be one of the best projects for this year.

I guess that many new people will join this last week and support even more KMD...                                                                                                                                                                                                                                                                

Looking for work? Join our team!

In few days we know our budget, and after that we can make some choices about who we hire. More funding of course means faster development with bigger team.

If you have been thinking about sending us an application, please don't wait, go ahead and send it!

Who are we?

We are a horizontally structured organization that is working on open source technology. We want to create long term solutions for crypto, and we see fiat as our competitor - not other crypto projects. Thus we are looking to cooperate and contribute, rather than compete. Let's help the entire industry and there won't be any limits to our growth potential.

Our community comes from all over the world, and we would like to employ people from all over the world. No formal education is needed, or asked.

Who we need?

- project managers
- GUI devs
- testers for command line API
- windows build specialists
- C devs

Our roadmap is huge, and with the low level technology we developed it is possible to create all short of things on top. When we launch/soon after launch we will have:
 - working dPoW
 - PAX1
 - EasyDEX
 - Assetchains (command line)

What we will be doing afterwards (at least):
 - PAX2
 - InstantDEX (fully featured trading environment for traders) GUI
 - Assetchains GUI
 - smartchains, and beyond


There are tons of projects to manage, test and develop. If you are interested, please send a message to [email protected]
 - provide some basic info about what you have done before / what are you capabilities
 - current understanding about our platform
 - whatever you are looking for a full-time or part-time job
 - salary requirement

Please note though that even though we have raised a considerable amount of money our budgets will be quite limited. The dPoW implementation requires a lot of capital alone, and due to the scale of the project we need to have a large team. We want to stay conservative with our budget use, as we plan to be here for a long time.

Recently jl777 also stated that he is looking for someone to start working on a assetchains GUI:

We also need someone to automate the creation of explorers. Here's what jl777 said:

If you need further information just join our Slack and ask in #komodo

We hope to get tons of applications into our inbox!

Best regards,
Komodo Team

0.00528 BTC/BTCD

Does anyone know at what price point is buying Bitcoindark to use for Komodo swap is as cost effective as buying  Komodo at a 25% bonus ?

What different litecoin with KMD..??nothing...!!both build by community,and community make these coin have good price.

I am excitedly waiting to open up to the market.
crazy

 

"It" has already "made it", the 30000 is an arbitrary ceiling, they have enough already to go live and fund the backend. And what do you mean by "92% of funds missing"? Are you referring to the difference between the current Bitcoin collected and the cap? If so, it is meaningless.

No offense, just an honest question.

So there are 5 days left, all bonus rates gone, and ~92% of funds missing. What will happen if it doesn't make it?

You can hold your BTCD in a exchange and swap. However, to get the REVS asset you should keep it in a local wallet, so that you get the private keys.

If you have further questions let us know!

I have also invested some bitcoin in komodo however i am feeling sad to know i have to have BTCD local wallet to get assets and KMD on swap or i am wrong?

Please help me and if there is any guide what should we do to take profit when KMD will be listed in exchanger? 

I invested 0.5 btc in KOMODO. Rest is in waves.

First Article

We will explain what Komodo is with 3 articles! The first one is titled: "Where Hope Lies for Privacy, Anonymity, and Fungibility in Cryptocurrency".

It was just published on our website! https://komodoplatform.com/where-hope-lies-for-privacy-anonymity-and-fungibility-in-cryptocurrency/

Read & share, and wait for our next one

The article was translated & published in Russian as well. We will publish Chinese and Spanish translations as soon as they are finished.