Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 788. (Read 1192398 times)

Well we are still quite far from even the 10K, so why the concern?

Beyond 10K BTC will allow for a larger staff, a lot more marketing but most importantly fully funded LP (Liquidity Provider) nodes to provide central exchange level spreads for the native DEX. This is strictly not needed for Komodo, but the DEX will be enabled for all the dPoW assetchain coins so it does relate.

If the investors want to fully fund a native DEX ecosystem, they are able to. The Komodo run LP nodes would then be able to earn some margin on the volumes so it  would end up generating revenues. Ideally, Komodo funds will be able to earn income and we can pay all the costs from such income. In that case, instead of 10 years of funding, it is fully funded indefinitely.

I prefer to let the market decide if what is wanted is the minimal Komodo, or the medium Komodo or the monster Komodo.

Then why the cap is not lowered. I would definitely double my investments in komodo if the cap is lowered.

10k from here (under 2k so far) seems likely anyway

It was expected 2FA implementetion in ICO.KOMODOPLATFORM.COM site, why it is delaying so much?

Lets talk about this ico only. You implied that 10k BTC is more than sufficient for komodo then why not lower the cap to 10k BTC?

Investors are not going to get much returns is the ico is over Bloated.

Thanks for your clarifications, now is very clear, yes most of supernet fund are on other assets, and most of them are very profitable. No doubt your project will be more profitable because of iota and stratis huge gains. 

Using that logic, everybody that has a job is raising money every month. I put the NXT assets (other than SuperNET) in the category similar to working at a job. The amount of money raised was comparable to working at a job, so it should be compared to having a job instead of an ICO. So yes, I have worked in crypto for a while and was paid for it. I have never denied this.

But if you want to count my raising thousands of dollars in the same category as multi-million dollar ICO, I guess you can do that if you just ignore the 100x difference and count pennies as dollars.

Thank you!

I thought finishing a working dPoW ahead of schedule would have some positive impact, but all it seems to have done is bring out the trolls.

It is good to hear some positive things for a change.

Okay, maybe I made a mistake by equate ICO with raising funds. But isnt that the association most people here have which invest? I think so.

So yes, you did 2 ICO's. But you raised money several times in the past.

SuperNET funds for the most part were not spent, it acts as an investments fund. supernet.org/nav.php shows the portfolio. The drop in portfolio value was primarily due to the massive drop in NXT price. In the last year I have almost tripled it from its low via successful investments.

The funds spent on operating expenses have not gone to me, but to the other devs, servers, etc.

All the people that think that I spent all the SuperNET funds on myself are misinformed. Most of the funds are still there and my goal is to grow it to above and beyond the original ICO value.

Komodo is a key part of SuperNET, so even Komodo is part of the original SuperNET plan. All this talk of me abandoning projects is just silly as all I have done for years is work on the various different parts of SuperNET.

 $5/hr? You raise thousands of bitcoin from supernet, why can it be possible for  $5/hr??

Wow I really feel like James is taking a lot of stick right now.

IMO Komodo is a natural progression and a great addition to the SuperNET project. James is the most active developer I have ever seen. He is constantly updating this thread with development progress and he gets stuck in with all discussions. Which is A LOT more then I can say for most coin devs.

At the end of the day every ICO is going to have its grey areas... the points which might put you off investing but which you must weigh up yourself. I see people investing 10's of thousands of BTC in projects which have no real track record of delivering a working project in the crypto space.

And I get where people are coming from with the ICO caps especially when you consider the BTCD to be added after the ICO, which will dilute KMD shares even more buts these are the parameters of the ICO, it's been clear from the start and if you don't like it dont invest, wait for KMD to hit the exchanges and then hope the price does drop.... its like educated gambling. Either way I believe James has been very open and honest the whole time and it's his attitude alone which has actually given me faith in this project and lead me to invest.

Keep up the hard work mate there's lots of us out here that appreciate what you are doing.

I have not denied that I raised funds from NXT assets, however other than SuperNET they were not done as an ICO and the scale is orders of magnitude smaller.

If you raise funds from private investors, that is funds but it is not an ICO.

Maybe that is your confusion? You seem to be considering any funds raised via any means as an ICO. So if I get a bounty for doing some work, is that an ICO? If I get paid for doing coding, is that an ICO? If I invest in an ICO and make money did I do an ICO?

Yes i understand what a MGW asset is.
The MGW Assets. I know how the concept is working. These Assets where not my point.
Yes i dont know how much it was and it doesnt care. Most people dont know because your Assets-Construct is absolutely inscrutable. I dont know how much is a reasonable amount but thats not part of the discussion! The point is that you raised Money(5Mio Nxt as you said) different times in the past (doesnt matter how do you call it) and here you say you didnt.

Should everyone get payed for his work? Hell yes! Raise millions if you want in 1000 ICO's. But be honest to the people so everyone can decide for himself if he is willing to take that risk!

that list clearly separates the third party assets, which are not managed by jl777.

SuperNET is an open source decentralized project, where multiple people came together to develop their applications, thus there was a lot of assets. When and if you invest in a new asset (a new company) you are funding start-ups... and it is extremely risky and most of them fail. That happened with a few of those assets, but jl777 was not the developer or the money receiver.

I have alredy talked about quite a few assets, but to add to that list there are many holding assets that just hold other assets. They don't have any fancy technology inside them, like pangea or instantdex, for example.

sharkfund0, NXTventure (at its current state), jl777hodl, SuperHODL <- these all just hold other assets and have no function! Nothing to develop there!

 

Again I repeat that a lot of those assets are either MGW assets or sharedrops or third party assets.

Do you understand what an MGW asset is?
Do you understand what a sharedrop is?

There are a couple of holding funds assets whose purpose is to hold other crypto. These are funds that are held in the asset and cannot be spent.

You say you dont care how much money I raised, but you complain about all the "ICO" I have done. Do you dispute my estimate of 5 million NXT raised from all the NXT assets? If not, then do you have a problem that over two years I generated less than $5/hr? How much do you consider a reasonable amount to have raised?

Okay.. here some more assets you placed. You wrote some Posts in that thread where you didnt protest against that list so its not wrong isnt it.

ALL jl777 Asset Listings

I dont know how much money you raised and where it is now and i do not care. But dont run around and say that you had only made 2 ICO's. Thats not true! The people in NXT community which throw you their money can confirm that..

Well...
 - coinomat is an asset by coinomat
 - NXTfreemarket is an third party asset with its own team
 - SkyNET is an third party asset with its own team
 - Pangea was an third party asset with its own team
 - NEOdice/omnigames have their own devs, but personally I don't know about their current status
 - Jay had its own dev, and he developed a cold storage solution for NXT (not sure if it is related to SuperNET anymore)

Many of the NXT assets listed in that chart perhaps shouldn't be there, as they might have nothing to do with SuperNET anymore. It was me personally who made that chart and all the previous charts. I included a lot of assets from the NXT asset exchange. If an asset is on that chart, it doesn't mean jl777 is managing it ... or has received money from it ... or that it would be even related to SuperNET anymore.

Anyway, this is completely offtopic from Komodo, and I can't really speak on behalf of these assets. I can comment on the SuperNET, Iguana, and Komodo development and on that front it is going great.

Most of the assets are MGW assets or were share drops where they were sent as dividends so did not bring any income.

InstantDEX and NXTcoinsco were private placements and the total amount raised from all the NXT asset sales is less than 5 million NXT.

Considering the number of hours I have worked, I think it comes in at less than $5/hr. I suppose you consider that being greedy

I have been collecting these "on the other hand" posts from this thread. They are very informative and contain the questions people keep asking 


If you come up with a new one I can add it to the list