BTCD is no more - page 40. | Bitcointalksearch.org

criptix

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Quote from: bitkokos2 on September 04, 2016, 09:35:50 AM

Quote from: WorldCoiner on September 04, 2016, 08:22:20 AM

Quote from: bitkokos2 on September 04, 2016, 08:08:50 AM

I don't get it how
25% bonus = 0.00425 BTC/BTCD

0% bonus = 0.00532 BTC/BTCD

It should be the oposite

It´s quite simpel: With Bonus you are paying less.

I think it's exactly the opposite of what you are saying.
With bonus I GET less.

I give 1 btcd and get KMD equivalent of 0.00425 btc (with bonus)
I give 1 btcd and get KMD equivalent of 0.00532 btc (without bonus)

Or the BTCD to KMD swap is fixed 0.00532 and the bonus stuff is for those willing to exchange BTC to KMD ?

Bolded is correct

bitkokos2

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Quote from: WorldCoiner on September 04, 2016, 08:22:20 AM

Quote from: bitkokos2 on September 04, 2016, 08:08:50 AM

I don't get it how
25% bonus = 0.00425 BTC/BTCD

0% bonus = 0.00532 BTC/BTCD

It should be the oposite

It´s quite simpel: With Bonus you are paying less.

I think it's exactly the opposite of what you are saying.
With bonus I GET less.

I give 1 btcd and get KMD equivalent of 0.00425 btc (with bonus)
I give 1 btcd and get KMD equivalent of 0.00532 btc (without bonus)

Or the BTCD to KMD swap is fixed 0.00532 and the bonus stuff is for those willing to exchange BTC to KMD ?

KomodoPlatform

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Set Your Ideas Free

Quote from: bitkokos2 on September 04, 2016, 08:08:50 AM

I don't get it how
25% bonus = 0.00425 BTC/BTCD

0% bonus = 0.00532 BTC/BTCD

It should be the oposite

Right now BTCD price is fixed to bitcoin (because we promise it to be worth 0.00532 BTC in the Komodo ICO)

Thus the BitcoinDark marketcap is 6835 BTC ( 0.00532074 BTC/BTCD × 1284606 BTCD = 6835 BTC )

But we don't yet know how many KMD coins you will receive, because we don't know how many bitcoins the ICO will raise.

You should think of your BTCD holdings as if it were BTC that would be "invested" in the ICO at the last day of the ICO.

When the ICO ends an exchange rate between BTCD and KMD is calculated, and then you can swap your BTCD to KMD during one year period.

Quote from: criptix on September 04, 2016, 08:31:18 AM

Who are the devs for komodo besides jl?

Komodo is coded almost entirely by jl777. With the funds we raise in the ICO will able us to hire more developers.

There is also a GUI team that is working for other SuperNET related projects, and who will also be working for Komodo.

You can see a full list of our team from the Komodo website: https://komodoplatform.com/

criptix

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Who are the devs for komodo besides jl?

WorldCoiner

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Quote from: bitkokos2 on September 04, 2016, 08:08:50 AM

I don't get it how
25% bonus = 0.00425 BTC/BTCD

0% bonus = 0.00532 BTC/BTCD

It should be the oposite

It´s quite simpel: With Bonus you are paying less.

bitkokos2

hero member

Activity: 666

Merit: 500

I don't get it how
25% bonus = 0.00425 BTC/BTCD

0% bonus = 0.00532 BTC/BTCD

It should be the oposite

KomodoPlatform

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Activity: 784

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Set Your Ideas Free

Quote from: deadlock1 on September 04, 2016, 06:38:38 AM

Do I need to have a nxt-wallet to maintain the asset I will get with the swap?

Thanks for the questions! There are three places where you could keep the BTCD: 1) your own BitcoinDark address, 2) your own NXT address (because of MultiGateway), 3) in an exchange.

In the case of:

1) you will for sure receive the new asset
2) if this is technically possible, but we will have to talk with jl777 and revisit this later
3) we would have to collaborate with an exchange, if this is possible we will provide information later

There is still plenty of time before the end of ICO, we will provide a detailed description regarding this before that!

Quote from: syberwolfen on September 04, 2016, 07:09:44 AM

Hi So my understanding on the futur changes
Look great

but 1btcd will == 1 komodo? and will it be change automaticly on the exchange

The BTCD to Komodo exchange rate depends on how much money the ICO rases. You see, the BTCD is counted as an investment towards the ICO. We promise a rate of 0.00532 BTC/BTCD for the ICO.

This is the announcement we made in the Komodo thread:

Quote

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.

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

When we take into account the bonuses during ICO, we get:

Oct. 15 - 25% bonus = 0.00425 BTC/BTCD
Oct. 16-22 - 20% bonus = 0.00443 BTC/BTCD
Oct. 23-29 - 15% bonus = 0.00462 BTC/BTCD
Oct. 30-Nov 5 - 10% bonus = 0.00483 BTC/BTCD
Nov 6-12 - 5% bonus = 0.00506 BTC/BTCD
Nov 13-20 - 0% bonus = 0.00532 BTC/BTCD

syberwolfen

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Hi So my understanding on the futur changes
Look great

but 1btcd will == 1 komodo? and will it be change automaticly on the exchange

deadlock1

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methodic madness

Do I need to have a nxt-wallet to maintain the asset I will get with the swap?

KomodoPlatform

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Set Your Ideas Free

Hello!

There has been many questions from the BTCD holders. We have tried to address them all, and will continue to do so.

We are now gathering the most asked questions and will then put them into a FAQ that is dedicated to the BTCD community.

We hope to create a document that will address all the questions that might rise about the upcoming Komodo ICO!

We have already answered many questions in the Komodo ICO thread, but if you feel something is still unclear this is a perfect opportunity to ask them!

Submit your questions below!

Best regards,
Komodo Team

deadlock1

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methodic madness

I can absolutely nothing say against Komodo:

- The technical concept - ok, makes sense, is what BTCD has promised, now within our reach
- The name - ok , fits to the Iguana
- The logo - ok, it remembers a bit to the BTCD logo, the 2 orange/yellow bars. But it's better! Seems like BTCD has made some evolution-steps! I like it
- The announcement - ok = early enough
- The Deal - ok , seems fair to me for both --> old and new investors, money for developers - seems also fair

We get new investors + hopefully many old investors will stay. Very good! BTCD/Komodo will be a coin people talk about.

Made 100% perfect up to now. Hope this will continue as planned!

criptix

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Quote from: bitkokos2 on September 04, 2016, 03:47:18 AM

Now another part. The "owner" of BTCD as far as I know (I might be mistaken) is/was Azeh. Which as far as I can see is not active in here and instead of that he is active in another coin. He didn't send weekly dividents for 3 months.
James is also not active in here too for months.
So, are there any problems within the BTCD team members? Azeh quit BTCD?

I didn't even knew. Seems both Azeh and BTCDDEV are working on that other coin/Plattform.

But well, you can't just live from love and cheering.

bitkokos2

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Activity: 666

Merit: 500

Now another part. The "owner" of BTCD as far as I know (I might be mistaken) is/was Azeh. Which as far as I can see is not active in here and instead of that he is active in another coin. He didn't send weekly dividents for 3 months.
James is also not active in here too for months.
So, are there any problems within the BTCD team members? Azeh quit BTCD?

jd1959

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I'm on drugs, what's your excuse?

Quote from: PondSea on September 03, 2016, 05:04:47 PM

Quote from: MoveCrypto on September 03, 2016, 01:48:03 PM

Quote from: bitkokos2 on September 03, 2016, 12:52:09 PM

guys I have a question. Is it optional to swap BTCD to KMD?
If we don't swap and stay with BTCD will there be any progress to BTCD? What will happen?
Please explain.

Thanks Cheesy

We should fork BTCD to BitcoinDark Classic. Then we get to invest our Bitcoindark in Komodo and keep our BitcoinDark Classic too

James is thinking about air dropping the BTCD 1 back to all Komodo holders after a year, so forking to BTCD Classic is the best option if you want to do that Grin

So you actually get Komod/BTCD 1.0 and BTCD Classic!!

Brilliant idea fork a dead coin with no dev's & add the tag classic......why didn't someone think off this before now?

Cheers Jon Wink

BTC-BTC-BTC

legendary

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www.neutroncoin.com

Quote from: PondSea on September 03, 2016, 05:04:47 PM

Quote from: MoveCrypto on September 03, 2016, 01:48:03 PM

Quote from: bitkokos2 on September 03, 2016, 12:52:09 PM

guys I have a question. Is it optional to swap BTCD to KMD?
If we don't swap and stay with BTCD will there be any progress to BTCD? What will happen?
Please explain.

Thanks Cheesy

We should fork BTCD to BitcoinDark Classic. Then we get to invest our Bitcoindark in Komodo and keep our BitcoinDark Classic too

James is thinking about air dropping the BTCD 1 back to all Komodo holders after a year, so forking to BTCD Classic is the best option if you want to do that Grin

So you actually get Komod/BTCD 1.0 and BTCD Classic!!

Like this idea.

PondSea

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Quote from: MoveCrypto on September 03, 2016, 01:48:03 PM

Quote from: bitkokos2 on September 03, 2016, 12:52:09 PM

guys I have a question. Is it optional to swap BTCD to KMD?
If we don't swap and stay with BTCD will there be any progress to BTCD? What will happen?
Please explain.

Thanks Cheesy

We should fork BTCD to BitcoinDark Classic. Then we get to invest our Bitcoindark in Komodo and keep our BitcoinDark Classic too

James is thinking about air dropping the BTCD 1 back to all Komodo holders after a year, so forking to BTCD Classic is the best option if you want to do that Grin

So you actually get Komod/BTCD 1.0 and BTCD Classic!!

PondSea

legendary

Activity: 1428

Merit: 1000

Quote from: bitkokos2 on September 03, 2016, 12:52:09 PM

guys I have a question. Is it optional to swap BTCD to KMD?
If we don't swap and stay with BTCD will there be any progress to BTCD? What will happen?
Please explain.

Thanks Cheesy

Yes it is optional like the Crypti to Lisk.

If you stay on BTCD there will be no progress, everything will stay the same and you will need to get funds to get a new dev.

barbierir

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Quote from: BitcoinOnFire on September 03, 2016, 04:05:33 PM

I'm pretty sure most BTCD holders would accept 6-10k max BTC ICO , which means their funds get dilluted 2-3x, but still allows achieve some goals in the future.

I'd prefer there was no cap at all and that Komodo receives >100k Btc Ico Grin

I'm probably lucky that I missed the early pump and I started buying btcd last summer, so I can't complain on the swapping rate. Maybe people who bought at ATM feel different, that's understandable. But I also understand how this tech helps Bitcoin and the whole Crypto, there is a saying that people selling shovels are the ones who get rich in a gold rush. If Bitcoin and other cryptocurrencies are gold, Supernet/Komodo is the coin-agnostic service they will be using. Do people understand the implications of Komodo offering dPoW service for other coins? This is the icing on the cake besides the other Supernet features. I won't risk exchanging a probable trillion dollars marketcap by 2030 for shorter term gains.

_mr_e

legendary

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Quote from: BitcoinOnFire on September 03, 2016, 04:05:33 PM

Guys please, in which world do you live in?

Staying with BTCD or doing BTCD classic is a great option if you want to lose even more.

Isn't that obvious?

What you should focus on right now is if it is possible to persuade the team to swap BTCD with better rate.

I think there should be real discussion what should be the max ICO, I suggest 6 k BTC. So the value of total marketkap would go double.

Also note - it will be bad reputation for Komodo ICO when many BTCD investors complaining - it already is!

If we say Komodo is BTCD 2.0 and want to be fair with BTCD holders - please discuss it with the people.

I'm pretty sure most BTCD holders would accept 6-10k max BTC ICO , which means their funds get dilluted 2-3x, but still allows achieve some goals in the future.

And this would not kill BTCD current price and not frozen it completly below 0.0053 for 10 weeks!

Quote from: bitkokos2 on September 03, 2016, 12:52:09 PM

guys I have a question. Is it optional to swap BTCD to KMD?
If we don't swap and stay with BTCD will there be any progress to BTCD? What will happen?
Please explain.

Thanks Cheesy

I'm not complaining, I'm buying more! And I've had quite a bitofi btcd for a long time! I've noticed in slack that many of the people who had concerns but took the time to talk with hl and ask questions have come away understanding that this is truly the best way forward for not only btcd and supernet, but bitcoin itself!

BitcoinOnFire

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Guys please, in which world do you live in?

Staying with BTCD or doing BTCD classic is a great option if you want to lose even more.

Isn't that obvious?

What you should focus on right now is if it is possible to persuade the team to swap BTCD with better rate.

I think there should be real discussion what should be the max ICO, I suggest 6 k BTC. So the value of total marketkap would go double.

Also note - it will be bad reputation for Komodo ICO when many BTCD investors complaining - it already is!

If we say Komodo is BTCD 2.0 and want to be fair with BTCD holders - please discuss it with the people.

I'm pretty sure most BTCD holders would accept 6-10k max BTC ICO , which means their funds get dilluted 2-3x, but still allows achieve some goals in the future.

And this would not kill BTCD current price and not frozen it completly below 0.0053 for 10 weeks!

Quote from: bitkokos2 on September 03, 2016, 12:52:09 PM

guys I have a question. Is it optional to swap BTCD to KMD?
If we don't swap and stay with BTCD will there be any progress to BTCD? What will happen?
Please explain.

Thanks Cheesy

Topic: BTCD is no more - page 40. (Read 1328503 times)