Looks like very interesting.
Project will start if it raise 10000 BTC or 2000 BTC - no matter? If it will raise only 2000 BTC (forgive me my pessimism) how it affect development? Time ranges? What exchanges will trade this coin?
I heard something that NXT is exchange itself, but i am not using it and don't know how it works.. will KOMODO be an asset or something tradable?
Please tell me how it will be possible to buy\sell KOMODO after ICO?
Thanks.
We have already reached our minimum goal, which was 1000 BTC. With more funding we can ensure that we can setup all 64 notary nodes, and hire a bigger team (faster development).
What is the minimum quantity of BTC that needs to be raised to make the project viable?
It depends on what level of the project you mean. There are the mission critical parts, like paying for bitcoin fees and notary nodes.
1000 would be enough for a reduced bitcoin notarization frequency and smaller number of notary nodes, but not a lot of development.
5000 would allow to have the fastest bitcoin notarization frequency, all 64 notary nodes and staff up a group of C coders and GUI devs fulltime for some years
10000 would allow having many LP nodes all fully funded for the lowest trading spreads and many liquid trading pairs
Above this would allow a warchest that can make opportunistic trades, arbitrages and other means to generate working capital and set up a very long term organization of the above. Along with some large scale marketing. Of course, even at the lower funds raised we will be doing marketing, but with a limited budget.
We cannot know which exchanges will accept us, but we will reach out to the biggest exchanges. No special deals will be made though, so we cannot promise any dates.
Komodo is not an asset, it is a coin with its own blockchain. Nxt has nothing to do with Komodo, Iguana, or SuperNET. However, some SuperNET assets live in the Nxt Asset Exchange.
You can buy and sell KMD after the mainnet has been launched (around 2 weeks after the ICO), and the trading would happen in an exchange like normally.
