[ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 874.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: klee on September 01, 2016, 05:00:27 PM

Quote from: TwinWinNerD on September 01, 2016, 04:59:19 PM

Quote from: BigCat45 on September 01, 2016, 04:55:29 PM

So can anyone of the team confirm that BTCD will be swapped to KMD and
BTCD will cease to exist after the swap?

You can't kill a decentralized network, but we urge everyone to swap to Komodo.

ETC vs ETH repeated?

Wink

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.

klee

legendary

Activity: 1498

Merit: 1000

Quote from: TwinWinNerD on September 01, 2016, 04:59:19 PM

Quote from: BigCat45 on September 01, 2016, 04:55:29 PM

So can anyone of the team confirm that BTCD will be swapped to KMD and
BTCD will cease to exist after the swap?

You can't kill a decentralized network, but we urge everyone to swap to Komodo.

ETC vs ETH repeated?

Wink

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: BigCat45 on September 01, 2016, 04:55:29 PM

So can anyone of the team confirm that BTCD will be swapped to KMD and
BTCD will cease to exist after the swap?

You can't kill a decentralized network, but we urge everyone to swap to Komodo.

BigCat45

sr. member

Activity: 441

Merit: 250

Bigboss

Quote from: KomodoPlatform on September 01, 2016, 04:53:33 PM

Quote from: TrollPanda on September 01, 2016, 04:38:05 PM

Quote from: KomodoPlatform on September 01, 2016, 04:35:54 PM

Quote from: OrsonJ on September 01, 2016, 04:29:36 PM

Quote from: KomodoPlatform on September 01, 2016, 04:15:43 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.

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.

WTF. That's messed up.

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! Cool

I'm afraid too many people are invested in BTCD to wait for tomorrow.

Johnny00

hero member

Activity: 896

Merit: 553

then how does swap work and how are they raising money?

St.Stephan

sr. member

Activity: 281

Merit: 250

No. BTCD chain continues.

Johnny00

hero member

Activity: 896

Merit: 553

Quote from: BigCat45 on September 01, 2016, 04:55:29 PM

So can anyone of the team confirm that BTCD will be swapped to KMD and
BTCD will cease to exist after the swap?

sounds like it

BigCat45

sr. member

Activity: 441

Merit: 250

Bigboss

So can anyone of the team confirm that BTCD will be swapped to KMD and
BTCD will cease to exist after the swap?

KomodoPlatform

sr. member

Activity: 784

Merit: 253

Set Your Ideas Free

Quote from: TrollPanda on September 01, 2016, 04:38:05 PM

Quote from: KomodoPlatform on September 01, 2016, 04:35:54 PM

Quote from: OrsonJ on September 01, 2016, 04:29:36 PM

Quote from: KomodoPlatform on September 01, 2016, 04:15:43 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.

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.

WTF. That's messed up.

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! Cool

Johnny00

hero member

Activity: 896

Merit: 553

how do you get in the ICO then? but BTCD investors cant swap until after the ICO

BigCat45

sr. member

Activity: 441

Merit: 250

Bigboss

Quote from: sofu on September 01, 2016, 04:50:01 PM

LMAO

30,000 BTC ICO

Oh, don't worry. It'll get close to this..

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: Zubnin on September 01, 2016, 04:41:35 PM

I am disappointed too. I was waiting for this coin to at least get back to the price I bought it for 2 years ago, and now you priced it at 0.0053
Just give BTCD holders fixed % of 100 mil KMD.

The much bigger opportunity is being invested in this coin with fresh and amazing new tech and innovation. Komodo can be much bigger than BTCD ever was going to be, imo.

gegebitlover

member

Activity: 116

Merit: 10

hi guys no mining komodo,no premine ?

sofu

legendary

Activity: 1890

Merit: 1085

Degenerate Crypto Gambler

LMAO

30,000 BTC ICO

VultureFund

sr. member

Activity: 366

Merit: 250

Hey James, great work man. Cheesy

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... Wink

elfh

newbie

Activity: 2

Merit: 0

Can do Russian language translation.

BigCat45

sr. member

Activity: 441

Merit: 250

Bigboss

Quote from: jl777 on September 01, 2016, 04:46:35 PM

Quote from: Zubnin on September 01, 2016, 04:41:35 PM

I am disappointed too. I was waiting for this coin to at least get back to the price I bought it for 2 years ago, and now you priced it at 0.0053
Just give BTCD holders fixed % of 100 mil KMD.

If you have been patient for so long, then what is 2 months to get 100x the liquidity, a development/marketing warchest, etc?

komodo ICO is not the end station, it is the start

Well, look at that 23BTC sell on bittrex @43 ...

Fragbait

full member

Activity: 205

Merit: 100

Quote from: TrollPanda on September 01, 2016, 04:40:06 PM

Quote from: KomodoPlatform on September 01, 2016, 04:35:54 PM

Quote from: OrsonJ on September 01, 2016, 04:29:36 PM

Quote from: KomodoPlatform on September 01, 2016, 04:15:43 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.

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.

So you just screwed over everyone that bought in the last couple of days.

And who do you think has been selling?

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: traumschiff on September 01, 2016, 04:30:20 PM

Quote from: KomodoPlatform on September 01, 2016, 04:15:43 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.

The BTCD holders got a 50% bonus on the average closing price of august. The price of the last days was close to the fixed swap rate, but we couldn't know this before. The formula for the swap rate was set before August and cleared by James.

The time-bonus is for BTC investors, the BTCD swappers will only be able to swap after the ICO is done, so there is no need to incentivize early swapping.

The reason for all this is pretty simple the project needs to raise funds so James and his team can create the tech for all this and finance the dPoW algorithm. This is only possible with the freshly raise BTC.

jl777

legendary

Activity: 1176

Merit: 1132

Quote from: Zubnin on September 01, 2016, 04:41:35 PM

I am disappointed too. I was waiting for this coin to at least get back to the price I bought it for 2 years ago, and now you priced it at 0.0053
Just give BTCD holders fixed % of 100 mil KMD.

If you have been patient for so long, then what is 2 months to get 100x the liquidity, a development/marketing warchest, etc?

komodo ICO is not the end station, it is the start

Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 874. (Read 1191723 times)