Suggestion
The btcd price went to 580k sats so its unfair on anyone who bought between swap Price and highest price.
Instead of average you should take the highest price so you are not technically betraying any btcd investors.
Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 873. (Read 1192145 times)
September 01, 2016, 04:19:47 PM
September 01, 2016, 04:18:21 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.
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!
September 01, 2016, 04:17:09 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.
what if BTCD goes up in price above 0.0053 BTC?
Then dont buy.
Just a quick calculation. If i buy now at 400k sats then technically I am getting a 33% bonus by swapping. You have just capped the price of btc to 425k sats
September 01, 2016, 04:14:57 PM
So, credit for owning BTCD and then a swap for new coins as well?
September 01, 2016, 04:14:37 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.
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
September 01, 2016, 04:13:44 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.
what if BTCD goes up in price above 0.0053 BTC?
September 01, 2016, 04:13:26 PM
Sounds interesting! Subscribed and following! 
Also I can do Greek translation, if there is a bounty!
Also I can do Greek translation, if there is a bounty!
September 01, 2016, 04:10:26 PM
what if the coins are at poloniex. then can't get the benefit. only if poloniex distributes
yes. Please all withdraw until the end of ICO. Maybe we can bring poloniex to redeem the benefit and distribute to the customers. But this is unlikely
but we wont get the benefit at the ICO, hence the 50% bonus right? sounds good
September 01, 2016, 04:08:21 PM
what if the coins are at poloniex. then can't get the benefit. only if poloniex distributes
yes. Please all withdraw until the end of ICO. Maybe we can bring poloniex to redeem the benefit and distribute to the customers. But this is unlikely
September 01, 2016, 04:07:30 PM
what if the coins are at poloniex. then can't get the benefit. only if poloniex distributes
September 01, 2016, 04:07:23 PM
So only btcd swappers are elegible for all the promised supernet revenues?
All BTCD holders are eligible.
so the snapshot is as of august 31st?
Snapshot will be at the end of the ICO, so around November 20th
September 01, 2016, 04:06:20 PM
So only btcd swappers are elegible for all the promised supernet revenues?
September 01, 2016, 04:06:17 PM
so the snapshot is as of august 31st?
September 01, 2016, 04:06:02 PM
Quote
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.
this part i dont understand
The nodes will generate transaction fees while processing them through bitcoin network. At least this is what I understood. And I'm right, this is really an interesting idea and should definetly entertain it.
We are once again in a period of searching and creating the most anonymous coin. This could be the one. However the required funds to run this operation should be too much and I guess you won't be able to achiev it if you can't at least collect a minimum number.
Anyway, always appericiate the new ideas. I might hop in with my friends on day one if you guys keep up your professionalsim until the start of the ICO.
Good luck.
September 01, 2016, 04:04:41 PM
So can anyone of the team confirm that BTCD will be swapped to KMD and
BTCD will cease to exist after the swap?
BTCD will cease to exist after the swap?
You can't kill a decentralized network, but we urge everyone to swap to Komodo.
No, because here you must decide on one network. If you don't swap you won't get free coins on the other network too.
how free when its at the end of the ICO with no bonus and swapping your coins
The "free" was a reference to the ETH vs ETC massacre.
You get a bonus on the average closing price of august.
September 01, 2016, 04:04:25 PM
Hey James, great work man. 
I suppose that Polo and Bittrex will do the swap so Komodo/BTC market can be open just the next days after the ICO ends right? I wouldn't like to wait months to trade Komodo in the exchanges...
a bit of time will be needed after ICO ends to create the genesis block and exchanges like to have a mainnet working for a few weeks, so trading in 2 days is unlikelyI suppose that Polo and Bittrex will do the swap so Komodo/BTC market can be open just the next days after the ICO ends right? I wouldn't like to wait months to trade Komodo in the exchanges...
however since BTCD will be a proxy for komodo, it could start trading as if it were komodo. hard to predict
September 01, 2016, 04:03:44 PM
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.
this part i dont understand
[/quote]
BTCD holders have the right to part of some superNET revenues. This rev-share will be distributed in a snapshot onto an asset-chain in Komodo (James will post more details on this). Every BTCD holder in the snapshot will receive this token.
September 01, 2016, 04:02:58 PM
So can anyone of the team confirm that BTCD will be swapped to KMD and
BTCD will cease to exist after the swap?
BTCD will cease to exist after the swap?
You can't kill a decentralized network, but we urge everyone to swap to Komodo.
No, because here you must decide on one network. If you don't swap you won't get free coins on the other network too.
how free when its at the end of the ICO with no bonus and swapping your coins
September 01, 2016, 04:02:35 PM
So can anyone of the team confirm that BTCD will be swapped to KMD and
BTCD will cease to exist after the swap?
BTCD will cease to exist after the swap?
You can't kill a decentralized network, but we urge everyone to swap to Komodo.
No, because here you must decide on one network. If you don't swap you won't get free coins on the other network too.
But I suppose they are in Komodo company now
September 01, 2016, 04:01:50 PM
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.
[/quote]
this part i dont understand
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