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.
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.
Is BTCD swapped for Komodo eligible for early bird bonuses too?
BTCD will be swapped at the end of the ICO, so it is not eligible for any further bonuses.
BTCD holders will benefit from Komodo. The revenue share that was promised won't go over to Komodo holders, but instead BTCD holders will get an asset.
So as a BTCD holder you get both: Komodo coins and a new asset entitled to the revenue share.
The BTCD price has been trading below 0.00532074.
More details tomorrow on the BitcoinDark thread. You can also join our slack channel #btcd
Be happy dear BTCD holders!
Do I get it right? BTCD holders have 3 options:
1) invest in ICO for the equivilant value of of 1.0 BTCD to 0.00532074 BTC.
2) wait till after the ICO ends to swap to Komodo for an yet to be announced exchange rate.
3) just keep BTCD
You cannot swap for Komodo until the snapshot has been made.
First there is the snapshot -> you get a new asset
after you can swap your BTCD to Komodo (you have one year to do this) -> you get Komodo coins
You get both, and you should absolutely swap, there is nothing to lose
Hope this is clear now for everyone!
