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!  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! |
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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! |
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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. |
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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.
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More information regarding BTCD and the ICO itself will be published soon!
We are working hard.
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are there any translation bounties sir?
Reserved. Any bounties?
Hello! Yes, there will be some bounties. We will translate to all the major languages (4 or 5 translations). More information about them will be posted in the following days! |
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Where can I learn more?
If you’d like to dive deeper into Komodo, go to our homepage and browse through the site.
You can join Komodo on social media to learn more and get frequent updates:
– Twitter
– Discord
– Reddit
– LinkedIn
– Telegram
– YouTube
– GitHub
You can also sign up for Komodo's weekly newsletter, which will inform you about important events in the Komodo ecosystem.
What are the primary uses of the KMD coin?
KMD is the most trusted coin in the Komodo ecosystem.
Gateway to Trustless Trading
KMD is one of the base coins of Komodo's atomic swap DEX protocol. Swaps that happen through KMD receive a 10 % discount in trading fees. The more Smart Chains there are, the more KMD pairs there will be.
Easy Mobile Payments
KMD is the most trusted and most frequently used coin in the Komodo ecosystem. It is secured by Bitcoin itself and has fast transactions with low fees. KMD is accepted and adopted by every new business and project in the Komodo ecosystem.
Komodo Platform Services
KMD provides security, scaling, and interoperability services to the entire Smart Chain ecosystem. Projects that opt-in to these services always make payments in KMD.
Learn more about KMD on our 'KMD Features' page.
Komodo Links
– Komodo Website
– Mining Pools
– Wallets
– Explorer
– dexstats.info
– Exchanges
– Komodo Support
Get Started With Komodo Technology
– Developer Documentation
– Antara Composer
FAQ
When was the Komodo project started?
While the official announcement of Komodo was made on September 1, 2016, the foundational idea for the project was born on February 21, 2016, when James ‘jl777’ Lee published this Declaration of Independence:
We the asset holders hereby declare our independence from any single blockchain.
An open and jointly developed specification on cross-chain atomic asset transfers will be developed. Any current or future blockchain is invited to join.
Each blockchain will need to not only promise protections for asset holder interests, they need to live up to them. Otherwise, all the assets will simply move to blockchains that do...
This is an interop standards effort and it needs to be blockchain agnostic and asset centric.
Did Komodo have an ICO?
Yes. Komodo held an ICO that lasted just over one month, from Oct 15 to Nov 20 of 2016. KMD was sold a rate of 0.00012908222 BTC per coin, or 7747 KMD for 1 BTC.
One-hundred million KMD coins were issued, with 90% of them sold to investors and the remaining 10% held as working capital for Komodo’s development and marketing.
Over the course of the ICO, Komodo Platform raised a total of 2,639 BTC. The closing price of BTC on November 20, 2016 was $731.03. At that price, we see that Komodo raised a total of $1,929,188 USD.
The BTC raised in the ICO is used almost exclusively to pay BTC transaction fees necessary for the delayed Proof of Work security mechanism to function.
What are Smart Chains?
Smart Chains are independent & purpose-built blockchains. They’re also fully programmable, so they can natively support any blockchain-based game, app, or software.
What is Antara Framework?
Komodo’s Antara Framework is an adaptable framework for simple, end-to-end blockchain development. Antara makes it easier than ever before to launch a chain, activate modules, and start building blockchain-based applications.
The Antara Framework supports C/C++, meaning that it allows for Turing-complete code. With Antara, any program or software can be coded to run on your Smart Chain.
There are no gas fees with Antara. Regardless of how many processes an Antara Module requires, it only needs a single transaction fee, paid in your Smart Chain's coin, to run.
What are Antara Modules?
Each Smart Chain comes with a library of Antara Modules. Activate the modules you need and start building.
Experienced developers can write custom modules, creating the building blocks and remote procedure calls they need to build more advanced blockchain-based software.
Each Antara Module provides a selection of remote procedure calls (RPC). Together, the library of built-in modules create an open API, providing a simple and powerful way to build apps on your Smart Chain.
What is delayed Proof of Work?
Komodo’s delayed Proof of Work (dPoW) recycles the giant hash rate of the Bitcoin network through a series of cross-chain notarizations. It is available to both PoW and PoS blockchains.
Delayed Proof of Work (dPoW) does not act as a blockchain’s primary consensus mechanism. Every dPoW-protected blockchain’s decentralized network still validates each transaction.
What are Atomic Swaps?
Atomic swaps are trustless peer-to-peer exchanges of digital assets from one user to the other, without any middleman or intermediary. Atomic swap trading is magnitudes more secure than trading crypto on a centralized exchange, as users never need to give up control over their assets.
Komodo’s AtomicDEX Wallet allows peer-to-peer atomic swaps, making trading easier and more accessible than ever.
Get started developing with Komodo.
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