[ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 845.

KomodoPlatform

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Set Your Ideas Free

Yes, there will be a bonus for BTCD on top of the fixed price announced earlier. This update was announced some days ago. We have updated the first page accordingly, see below:

Quote from: KomodoPlatform on September 01, 2016, 02:00:01 PM

BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August. The swapping process will take place after the ICO ends.

Average price in Aug = 0.00354716 BTC/BTCD
BTCD exchange rate = 0.00354716 * 1.5 = 0.00532074 BTC/BTCD

BTC Bonus system

Oct. 15 - 25% bonus
Oct. 16-22 - 20% bonus
Oct. 23-29 - 15% bonus
Oct. 30-Nov 5 - 10% bonus
Nov 6-12 - 5% bonus
Nov 13-20 - 0% bonus

BTCD Bonus system

An another bonus system was established to counter the dilution the BTC bonus system would have for BTCD investors. The bonus is calculated by applying the average bonus the BTC investors got to the swap rate.

Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This brings the BTCD swap rate to 0.005852.

KMD coin distribution

10 million Komodo coins are reserved for development, advisers and bounties.
90 million Komodo coins will be distributed to those who participated in the ICO either with BTC or later with BTCD via the swap procedure. In other words, some percentage will go to those who invested with BTC and the remaining portion to those who will swap their BTCD to KMD after the ICO.

The BTCD/KMD and BTC/KMD exchange rates depends on how much money is raised, and they can only be calculated after the ICO has ended.

For more information see this Steemit post.

Our Steemit posts

Komodo Has Been Born!

Komodo ICO: Questions and Answers

The Silent Progress of Deep Tech

Zubnin

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Quote from: KomodoPlatform on September 12, 2016, 04:40:47 PM

Quote from: lembang on September 12, 2016, 04:35:55 PM

Quote from: KomodoPlatform on September 12, 2016, 04:28:57 PM

Currently we are only missing one translation: Chinese

Quote from: lembang on September 12, 2016, 04:19:56 PM

follow done,

What email subcribe including bounty?

Hello! Are you asking if we will have an email/newsletter bounty?

Unfortunately no, we won't have any bounties for newsletter or for social media.

no available bounty in here?

No, sorry

We have two bounties
1) signature campaign (launching soon)
2) Chinese translation

Oh no, no dumps? LOL. Nice job.

polycryptoblog

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Activity: 383

Merit: 252

BTCD holders will also receive a bonus equal to the average of the btc bonus collected.

AltcoinScamfinder

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Merit: 500

Quote from: traumschiff on September 01, 2016, 03:30:20 PM

Quote from: KomodoPlatform on September 01, 2016, 03:15:43 PM

BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established, meaning that if you send one BTCD you will receive 0.00532074 BTC worth of Komodo. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August. The swapping process will take place after the ICO and detailed information will be posted soon.

If you are a BTCD holder, keep an eye on the BTCD thread. Tomorrow we will post more information there, such as what does this mean for BTCD.

Does the BTCD swap also get the deposit bonuses, ex. 1st day +25%? Would be fair imho.

Already been stated BTCD is a fixed transfer rate outside of any bonus. You just think it's 'fair' cause you own a bunch.

lembang

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Activity: 1148

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Leading Crypto Sports Betting & Casino Platform

Quote from: KomodoPlatform on September 12, 2016, 04:40:47 PM

Quote from: lembang on September 12, 2016, 04:35:55 PM

Quote from: KomodoPlatform on September 12, 2016, 04:28:57 PM

Currently we are only missing one translation: Chinese

Quote from: lembang on September 12, 2016, 04:19:56 PM

follow done,

What email subcribe including bounty?

Hello! Are you asking if we will have an email/newsletter bounty?

Unfortunately no, we won't have any bounties for newsletter or for social media.

no available bounty in here?

No, sorry

We have two bounties
1) signature campaign (launching soon)
2) Chinese translation

OK not problem

thank for your answer

KomodoPlatform

sr. member

Activity: 784

Merit: 253

Set Your Ideas Free

Quote from: lembang on September 12, 2016, 04:35:55 PM

Quote from: KomodoPlatform on September 12, 2016, 04:28:57 PM

Currently we are only missing one translation: Chinese

Quote from: lembang on September 12, 2016, 04:19:56 PM

follow done,

What email subcribe including bounty?

Hello! Are you asking if we will have an email/newsletter bounty?

Unfortunately no, we won't have any bounties for newsletter or for social media.

no available bounty in here?

No, sorry

We have two bounties
1) signature campaign (launching soon)
2) Chinese translation

lembang

hero member

Activity: 1148

Merit: 501

Leading Crypto Sports Betting & Casino Platform

Quote from: KomodoPlatform on September 12, 2016, 04:28:57 PM

Currently we are only missing one translation: Chinese

Quote from: lembang on September 12, 2016, 04:19:56 PM

follow done,

What email subcribe including bounty?

Hello! Are you asking if we will have an email/newsletter bounty?

Unfortunately no, we won't have any bounties for newsletter or for social media.

no available bounty in here?

KomodoPlatform

sr. member

Activity: 784

Merit: 253

Set Your Ideas Free

Currently we are only missing one translation: Chinese

Quote from: lembang on September 12, 2016, 04:19:56 PM

follow done,

What email subcribe including bounty?

Hello! Are you asking if we will have an email/newsletter bounty?

Unfortunately no, we won't have any bounties for newsletter or for social media.

lembang

hero member

Activity: 1148

Merit: 501

Leading Crypto Sports Betting & Casino Platform

follow done,

What email subcribe including bounty?

yassin54

legendary

Activity: 1540

Merit: 1000

You can now subscribe to Komodo newsletter.

http://eepurl.com/cdmTQP

Tweet!! https://twitter.com/KomodoPlatform/status/775351243887763456

yassin54

legendary

Activity: 1540

Merit: 1000

Quote from: KomodoPlatform on September 12, 2016, 07:59:54 AM

Announcement!

A lot of people have asked about the translation bounties and bounties in general. We have now decided which bounty programs we will be running, and those are translation bounties and a signature campaign.

We won't have any social media or newsletter bounties as we thought they will not be effective enough considering the amount of money they would require and the risks of abuse they carry. We wish that everyone on our email list is there because they are interested about the technology and not only about a small bounty. Likewise we wish to have an organic social media growth instead of an artificial boost.

Translation bounties

We will have 5 translations, each worth 0.1 BTC. The bounty will be paid in KMD after the ICO. We will translate to the following languages:

- Spanish (free)
- Chinese (free)
- French (free)
- German (free)
- Portuguese (reserved)

Note that you must be a native speaker to do the translation! We will accept the translation and eventually sent out the bounty only if 3 other native speakers vouch for the text.

One from our own team will do the Portuguese translation, so it is already reserved. The other translations are free for anyone to take, just send us a private message! It would be great if you can explain why you are the right person to do the translation! If there are more than one person looking to do the same translation, we will pick the one who we believe to be more capable.

If you have already expressed your interest earlier in this thread, please send us a private message.

We are sorry but we won't do any other translations than the one's listed above.

Signature Campaign

We have the designs ready and the signature campaign will begin shortly. More information with all the details will be posted soon.

Tweeted!! https://twitter.com/KomodoPlatform/status/775327596729040896

umair1123

newbie

Activity: 22

Merit: 0

all bounty out of my ability , I will wait for the other bounty . tanks

KomodoPlatform

sr. member

Activity: 784

Merit: 253

Set Your Ideas Free

Announcement!

A lot of people have asked about the translation bounties and bounties in general. We have now decided which bounty programs we will be running, and those are translation bounties and a signature campaign.

We won't have any social media or newsletter bounties as we thought they will not be effective enough considering the amount of money they would require and the risks of abuse they carry. We wish that everyone on our email list is there because they are interested about the technology and not only about a small bounty. Likewise we wish to have an organic social media growth instead of an artificial boost.

Translation bounties

We will have 5 translations, each worth 0.1 BTC. The bounty will be paid in KMD after the ICO. We will translate to the following languages:

- Spanish (reserved)
- Chinese (reserved)
- French (reserved)
- German (reserved)
- Portuguese (reserved)

Note that you must be a native speaker to do the translation! We will accept the translation and eventually sent out the bounty only if 3 other native speakers vouch for the text.

One from our own team will do the Portuguese translation, so it is already reserved. The other translations are free for anyone to take, just send us a private message! It would be great if you can explain why you are the right person to do the translation! If there are more than one person looking to do the same translation, we will pick the one who we believe to be more capable.

If you have already expressed your interest earlier in this thread, please send us a private message.

We are sorry but we won't do any other translations than the one's listed above.

Update: All the translations have been reserved

Signature Campaign

We have the designs ready and the signature campaign will begin shortly. More information with all the details will be posted soon.

Zubnin

member

Activity: 72

Merit: 10

Quote from: bitkokos2 on September 11, 2016, 06:22:59 PM

Just bought 100 fresh BTCD and moved them to my wallet Grin

There were some epic dumps yesterday. Not that I don't understand why someone doesn't want to wait 3 months, but just to spread 1.5k over entire day would save you around 20%, considering how many people are supporting it. Even sell wall @36 wouldn't hold a day. But what do I know.

yassin54

legendary

Activity: 1540

Merit: 1000

Quote from: Amalgamus on September 12, 2016, 04:43:35 AM

Quote from: bitkokos2 on September 11, 2016, 06:22:59 PM

Just bought 100 fresh BTCD and moved them to my wallet Grin

I also bought some BTCD but can't have a working wallet. I have only one active connection and 0 blocks downloaded after 3 days of letting the wallet open.

Where did you get your wallet?

On the front page of Bitcoindark.com they announce: "download soon", rather strange for a coin that's been around for some time.

If you need you can download my files here for Windows : https://www.sendspace.com/file/436p0i

Amalgamus

full member

Activity: 189

Merit: 100

Quote from: bitkokos2 on September 11, 2016, 06:22:59 PM

Just bought 100 fresh BTCD and moved them to my wallet Grin

I also bought some BTCD but can't have a working wallet. I have only one active connection and 0 blocks downloaded after 3 days of letting the wallet open.

Where did you get your wallet?

On the front page of Bitcoindark.com they announce: "download soon", rather strange for a coin that's been around for some time.

bitkokos2

hero member

Activity: 666

Merit: 500

Just bought 100 fresh BTCD and moved them to my wallet Grin

AltcoinScamfinder

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Activity: 840

Merit: 500

Quote from: iCEBREAKER on September 10, 2016, 06:13:05 PM

Quote from: AltcoinScamfinder on September 10, 2016, 09:52:14 AM

Quote from: iCEBREAKER on September 09, 2016, 10:30:45 PM

Bitcoin is barely ready to accommodate "an investor." The Winklevoss ETF process is a barometer of that immaturity.

No altcoin is ready for anything beyond the wildest, wooliest-eyed get-rich-quick speculation.

You're here for the pump and dump, and don't care about the tech even if you understood it.

I'm here primarily for intellectual pursuits; intramurals such as trolling scams like BTCD and KoMoDo are just a nice diversion.

Case in point: you guys are having waaay more fun ganging up on me than discussing the (shared) point that "no one is exactly banging down the door to use BTCD."

You really think you are "investing" in BTCD and its convoluted consequent exit scam? You millennials are so cute sometimes! Kiss

"You millennials are so cute sometimes!" One word: HASHFAST. How did you manage to get your scammer reputation fixed? Seem to remember you being red as a lobster after your shilling for a scam.

I fixed my damaged reputation by being prescient and absolutely correct about many other things, such "XT/Classic will get rekt," "Monero will go to the moon," and the soon to be famous 2015 prediction that "BTCD would be abandoned like ICOscam777's dozens of other unregistered investment schemes." Grin

I know millennials are incapable of paying attention to anything for more than 30 seconds, but please avail yourself of the latest (IE this year's) developments, rather than relying on ancient rumors and groupthink.

tl;dr Hashfast successfully made the world's fastest mining ASIC and the scam accusations from 2014 went nowhere in both of the court cases where they would be supremely relevant.

But by all means, keep using old debunked urban legends about a bankrupt tech start-up as a cudgel with which to bash me for all eternity.

Your risk-averse, terrified of failure attitude is a perfect example of Generation Snowflake's asinine "we are all winners" gestalt.

Many American and Russian astronauts died screaming in horrible fiery deaths during failed attempts to escape earth's gravity well, but according to your logic they should have just stayed safe at home rather than trying something new and wildly audacious for the sake of advancing mankind.

Best efforts do not entitle anyone to success. There is honor in making a brave attempt and no shame in failure if it's unavoidable. That's what you gormless Ritalin junkies don't get, and why you are so fucking worthless.

So what you mean is, you whined to the admins to reset your massive negative rep. Gotcha.

bigs21024

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please help gofund.me/bigs21024 Family in need

Following this i think this may be a good one to get in on

armyman

newbie

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Quote from: jl777 on September 11, 2016, 05:51:34 AM

Quote from: armyman on September 11, 2016, 05:13:06 AM

Hi James, there is any minimum amount of KMD that needs to be held in order to get stakes? Or any amount is good? (i.e. even 1 token)

What is required instead, in order to become a node? If it is a minimum amount of tokens, how many?

Cheers

There will be two independent ways of staking. The peercoin utxo based and the chances of winning a block depends on the amount of KMD in each utxo along with its coinage. The older it is, the higher chance it has to win, so eventually even small amounts will be able to win a block. Of course, a 1 satoshi utxo will probably never win a block, regardless of how old it is.

The issue of the utxo based staking is that you need to have many utxo if you have a large balance and this creates bloat and starts taking a fair amount of resources to stake. However, it is the time tested way for a decentralized staking and I prefer to use such time tested methods.

The other method is the NXT style that is based on total effective balance. That is the method the notary nodes will use and it wont matter how many utxo you have, though if you are spending them and it is not old enough, it wont have the staking power. There will be a bundle boundary balance that serves as a maximum possible and it is adjusted by any balance changes. This avoids attacks based on moving funds all around to addresses that would win a block. Also after an address gets a payout, it will need to "recharge". This will allow smaller addresses to win blocks.

With approx 1440 blocks per day, 1/1440'th total supply will on average win 1 block per day. So a balance of approx 2000 KMD should get staked once per month. And however long it takes, all the interest will then be paid out.

Anyway, the exact details are still subject to change, but I am working to allow people to passively earn 5% per year without having to do anything, but if so inclined would be able to proactively stake on their node.

Thanks

Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 845. (Read 1192347 times)