Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 789. (Read 1192344 times)

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

Whats with your bunch of different NXT Assets? You sold shares of your many "comapnys" or projects to the nxt community to raise money. How do you call that?

Hello!

It has been stated before that Komodo is the second ICO before the SuperNET. There hasn't been tons and tons of ICOs, but just other projects that are build on top of SuperNET. In the many times quoted chart the actual assets from jl777 are in few:
 - Instandex, NXTcoinsco (that is relate to InstantDEX)
 - Pangea became jl777's responsibility after the original team ran out of funds and was not able to solve some of the complex problems. (now jl777 is working free for the original investors)
 - jumblr is not even an asset, it's just technology
 - crypto777 contains some low level tech, and it's future role is not yet that clear (at least to me)

There are many projects who are still run by third parties, and jl777 has nothing to do with those.

The comment about jl777 not sticking to his projects is far from the truth. The first ICO (SuperNET) is still being developed and this new ICO (Komodo) is related to it. Likewise everything jl777 is coding is related, all the projects complement each other. Like I previously stated, the projects such as InstantDEX and Pangea poker are reference applicatons to the SuperNET technology. SuperNET solves the complex obstacles, and then these projects just use that technology in a specific niche (trading, gambling...).

The thing people don't understand is that SuperNET welcomes everyone to come and start their own project that uses its technology.

Please name all of these ICOs I have supposedly done other than SuperNET and Komodo. Keep in mind Komodo is a part of SuperNET

Maybe you confuse my investing in ICOs with conducting them?

What ? you dont believe him?
What conflict of interest could he have except that he is the freaking op of this ico thread.

To get super rich?

jl777 has stated that he won't get paid directly from the ICO funds collected. He said he would invest his own money into the ICO and expect to profit from his investment. For those that have followed him a bit know that he's not really after money, he has bigger goals with this project than to get rich. Of course that's just my observation and I cannot speak for the man himself.

10k btc is more than enough to pay notary nodes for 10 yearsand develop the coin. Anything above that is going straight to dev and his teams pocket.

I am waiting on sidelines on this one by buying btcd instead of investing btc. If this gets crowded i will sell my btcd and stay away frim james and his never ending icos.

After all james is not like vitalik who sticks to his project no matter what. As soon as something more interesting comes james will leave kmd investors in dry and raise another ico. In my opinion a dev who sticks to his project for a long time is more reliable than the one who hops at each money grabbing opportunity.

afaik the majority of ICO funds goes to paying notary node fees for 10 years, investors who need price support shouldn't really invest, more risk than they can cope with

It is stated that anything abive 10k raised is war chest. What exactly is war chest? Will there be a buy wall at exchange just after coin launch? Will james use the ico btc to protect investors from the initial price drop?

Investors have been burnt recently by over bloated ico like waves. No one buys after coin is launched at exchange. Price drops to half the ico and the investors who funded the ico are called fudders when they demand justification for price drops.

Why not reward the investors by capping ico at 10k btc.

Oh and i have done good reading. And i can read what has not been writeen too. I know why the opportunistic timing of this ico with zcash launch right in the middle of your 5 week ICO.

The change will be possible for 1 year.

There might be some misunderstanding here.

The revenue share that was supposed to be given to BTCD holders will be migrated to a asset chain on the Komodo platform. There will be a snapshot taken at about 2 weeks after the ICO to tie the asset chain to the private key of that wallet.

Then once the swap is done, you will use the private key of that BTCD wallet to claim the assets.

The BTCD revenues go to the BTCD rev asset that gets created from a BTCD snapshot after the ico finishes

That is the most disappointing thing I've heard all week.....no more staking and now no more revenue flows....such is life

Cheers Jon 

Now is apparently the time to cash in.

That will be news to James. He has been working 16 hours a day for over 2 years without getting paid.

I meant that in general ICOs are a way to get extremely overpaid for the coin management.

I remember greedy jl777 raised 5k btc from supernet, used the money for his lambo. 

oh c'mon that would reduce the page count on this forum by about 90%