Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 765. (Read 1192347 times)

On Saturday November 5th we joined Lootz on his radio show. From our team we had:

    Satinder Grewal (Technical Expert, GUI Dev)
    Audo (Community Manager)

We talked about Komodo’s dPoW and other things in an easily understandable way. It was a great interview!

How much time will be allowed for the BTCD swap after the ICO? Since distribution is planned within 2 weeks of the ICO, all BTCD swaps should be completed before that right?

We will distribute the coins ~ 2 weeks after the ICO. We don't know when the exchanges will list us, you will have to ask them about it!

Through how many after the ICO, the coin will be released on the exchange?

There are some questions about how iguana relates to komodo.

I have been working on a single codebase for the last 2 years. It is usually about 100,000 lines of C, though it fluctuates in size as I deprecate parts that I am able to improve and of course I am always adding to it.

Basically all my crypto code goes into the iguana codebase and docs.supernet.org shows the external API set. However, there is a lot more functionality that is purely internal. Think of it as a wide ranging toolkit that has code to do pretty much anything related to crypto and even some things that are just OS independent ways of dealing with large realtime datasets and networking.

One of the things komodo needs are notary nodes. Inside iguana there is support for special purpose relays. So, what I did was create an instance of these iguana relays and customized it to be notary nodes. I extracted the lowest level pubkey messaging and the notary nodes now support just this. However, creating a p2p network is not exactly a matter of a simple function call, so I also created a special coin called "NOTARY". This is a coin without a blockchain and I made it so I can use the existing iguana peer management to spawn the notary nodes network.

As you can see, there is no simple way to explain how iguana relates to komodo. I will be adding voting support into the notary nodes and they will inject into the komodo network special "notarized" messages using an extended bitcoin protocol. Ths way, the amount of code that has to go inside the komodo is minimized and the less code there is, the less bugs.

One benefit of splitting out the NOTARY functionality is now, the DEX code can be run on even a basilisk node, which means you can run an LP node on a basilisk instance for a coin, though probably best to have a full iguana node if you will be competing with the realtime auctions.

I made some simple scripts that allows a node to add itself to the NOTARY network either as a notary node or as a client. For the voting, all the stakeholders would connect to the NOTARY network and vote. I came up with an interesting way to do the voting for the notary nodes that allows anybody to join as a candidate node, but only the nodes with the most votes will be actively participating in the block generation. I still need to finish coding it, but it avoids the problem of notary nodes creating blocks with the info that elects notary nodes. I also think it can be made to be near realtime performance, though I need to get it running first to verify its performance level.

Once we can get a validated and ranked list of notary nodes, then it will be possible to write the komodo side code that accepts the notarized messages.

Ethereum - 1319k BTC
Monero - 100k BTC
Dash - 93k BTC
Waves - 51k BTC

Even if 15k BTC were raised here, KMD would have plenty of room to more than double.  More BTC raised would equal more profit because more developers could be hired.

More BTC could also be used to provide liquidity for KMD/BTC trading pair on Easydex.  Then people could easily transfer in and out of KMD in place of a Bitcoin mixer, without having to deal with KYC exchange and withdrawal limits.

Two weeks left!

You will have to make the investment risk analysis yourself, but I can tell you the situation.

From the komodoplatform.com website you can see how many BTC we have raised, then you can scroll down and download our ICO calculator. Then you can insert the numbers from the post above and try to speculate what we could raise during the last two weeks.

With the calculator you can calculate how big our market cap would be. With the amount we have raised today it would be ~ 8,000,000 USD

Then you got to understand our vision, who's in our team, and keep track about how our development is going. We try to our best to communicate that, but the project is large in scale. I recommend you visit our website and then the OP of this thread & the very first comment below it. From there you can find everything we have published during this ICO.

First and foremost I recommend two links:
 1) A Guide to Better Understand Komodo
 2) /cnpupr]Our latest newsletter

I hope you found this helpful!

Best regards

If 15K BTC is raised (let alone 30K BTC), I would stay away from KMD ICO. There will be no reward for investors if that much is raised. Don't forget 6K BTC is already raised from the BTCD swap.

The sweet spot is anywhere between 3K BTC and 5K BTC.

Agreed.  

Supernet has been on a hot streak of picking winning projects lately.  

http://www.supernet.org/nav.php

Iota, Waves, Stratis, Heat - All profitable winners that SuperNET invested in recently

SuperNET is getting ready to make its biggest investment yet of 322 BTC worth of BitcoinDark going into Komodo.

Even if maximum cap of 30k BTC were hit, I think we would still see a nice profit with Komodo

KMD secures the anon tech of zcash with Bitcoin's hashrate, and it's fairly distributed with the block rewards going to the people.

Very happy with the ICO progress. Nice to see that it is not bloated. yet. Might drop few BTC in KMD if it stays below 5K BTC on last day.

what is the ICO price of Komodo ,is it still possible to enter this ICO. what is the expected risk return if i am investing in this coin?

HI devs I want to do the hindi translation of this thread.Here is my work reference https://bitcointalk.org/index.php?topic=1671963.0;topicseen