Yes, to the ICO site.

By waiting and staking you aren't really gaining anything, as the swap rate is decreasing to take into account the BTCD staking

Yes, just send BTCD to the ICO site and you will get both. The shown KDM balance is just an internal credit until we distribute the KMD.


Well, the only similarity is that all of the projects seek to have some short of anonymity feature. However the tech is completely different as we use Zcash privacy tech.

The privacy side is just one thing, we have a lot more, such as:
 - dPoW
 - assetchains (and pegged fiat assets)
 - Decentralized exchange based on atomic swaps

We have funding for at least 7-10 years, but I think we will be here forever as our platform will start to generate some revenue.

You can buy BTCD and send it to our ICO site where it will be swapped for KMD

No info about exchanges yet

If you want to really stay up to date you should join our Slack

http://slackinvite.supernet.org/

A complete update about Iguana app and DEX

Here's a conversation that happened on #komodo channel.

audo
The DEX GUI isn't finished yet, so there won't be DEX trading with the initial GUI release. My undertanding from @grewalsatinder is that the EasyDEX GUI will be the next priority after we get komodod fully working in the GUI.
 
and we also need some liquidity provider nodes for the DEX to work, so it's gonna take some time. It's a complex thing, but the backend is ready and that is what really matters

jl777
it would be possible to DEX trade using command line

grewalsatinder
When I was given EasyDEX-GUI task, I had to think about the overall development cycle to go with. The most basic need for EasyDEX was to make a user able to manage their wallets, and at that time Iguana Team was still doing work on their part of Iguana Multiwallet GUI. Also, Iguana GUI is bit different, as it not only manages Iguana running coins, but also Non-Iguana running coins, which means acting as a GUI for the existing bitcoind, litecoind, dogecoind, etc installed on user’s machine.

My priority was to have the Iguana running coins first, so there I started work, and completed that part first. In between there came Komodo project and I also made the wallet GUI for Komodo in EasyDEX-GUI specifically meeting then needs of getting Z transactions possible with the EasyDEX-GUI.

Then came the need of having a easy Desktop Wallet, which is a single bundle, and need to totally GrandMa proof. It’s easier to say than done. And the whole December Month was dedicatedly on developing and making the Desktop Wallet solid, along with the installer packages getting configured so it’s very much like installing a software with installer file like any other software out in the market.

I’m still working on Desktop Wallet making last bit of works to get komodod integration completed with it. Right now, it’s manual commands to get komodod GUI accessible via EasyDEX-GUI. So, it’s more like advanced user friendly, not grandma friendly.

Iguana Wallet includes multiple techs with it. To clear things up this is what there is:
1. iguana daemon
2. komodod daemon
3. Iguana Multicoin GUI
4. EasyDEX-GUI
5. Electron Desktop Wallet Framework, with Shephered API

with iguana daemon = Transparent Transactions of coins. Including Komodo
with komodod daemon = Transparent + Private Transactions of Komodo, Assetchains and PAXFiats.

iguana daemon part is what all complete, and ready.

komodod daemon part is what we are working on right now. which is more like 80% complete already in rough terms.

Right now the most priority is komodod daemon part to complete, which will get Desktop Wallet more kinda complete working wallet for end users. for our dear grandparents like users.

once the desktop wallet is there for users, then I’ll start coding the EasyDEX Trading GUI part.

miketaz
Do you think EasyDEX GUI be finished and launched before Waves releases their decentralized exchange? Because I know their working on that right now. That would be great if EasyDEX is first.

jl777
waves is token based, totally different

grewalsatinder
@miketaz I don’t care of any other project’s GUI or core going first or second. My priorities are to get things done as fast as possibly I can, and make sure the team tests it before putting it to public.

I do not promise dates, but to my previous work record with SuperNET being GUI dev, I delivered good results I guess… may be ask team....

miketaz
Ahh ok, and alright @grewalsatinder that's understandable

eclips
EasyDEX is going to need central nodes ?

grewalsatinder
no

in DEX each node is trading directly with one another.

each node can also act as Liquidity Provider

it does not matter they are Notary Node or not

That’s why it’s DEX

eclips
so a node is a guy using chrome to access it?

grewalsatinder
A node is a guy/person who’s running iguana daemon running wallet on their machine/device

if you can run igauan running wallet on your desktop, you are a node.

I watched coininterview komodo interview, and I see some things were said which might still confuse people. but overall it was better interview than previous. :+1:

miketaz
So how does an ordinary node act as a liquidity provider?

jl777
by issuing liquidity provider API commans

grewalsatinder
Ordinary node will also execute either iguana API command to set itself as Liquidity Provider or possibly soon will have a GUI to give them easy to do Liquidity Provider stuff.

jl777
curl --url "http://127.0.0.1:7778" --data "{\"agent\":\"tradebot\",\"method\":\"amlp\"}"
curl --url "http://127.0.0.1:7778" --data "{\"agent\":\"tradebot\",\"method\":\"liquidity\",\"targetcoin\":\"KMD\",\"vals\":{\"profit\":0.01}}"
curl --url "http://127.0.0.1:7778" --data "{\"agent\":\"tradebot\",\"method\":\"liquidity\",\"targetcoin\":\"MVP\",\"vals\":{\"rel\":\"USD\",\"bid\":0.09,\"ask\":0.11,\"maxvol\":100}}"

can be profitmargin relative to central exchange price or a specific bid/ask quote

miketaz
Ohh that's pretty awesome

jl777
thanks. So given a set of LP nodes that are configured with their pricing, the end user node can make a shapeshift type of "convert" request

all the LP nodes that see the request is within their parameters respond

the end user node selects the best offer and they both do an atomic cross chain swap

this avoids the partial order problem that most decentralized DEX suffers from

the user asks to fill X amount of COINA -> COINX, only the LP nodes willing to do this respond, so it is a fill or kill and the auction process current waits 30 seconds to decide which node to atomic swap with

this all needs a lot more testing, but it works with one off trades I have setup, so mostly it is adding error handling and making it easier to use

for the following blockchains, neigher the end user node or the LP node needs to have the blockchain local:
["KMD", "BTC", "USD", "EUR", "JPY", "GBP", "AUD", "CAD", "CHF", "NZD", "CNY", "RUB", "MXN", "BRL", "INR", "HKD", "TRY", "ZAR", "PLN", "NOK", "SEK", "DKK", "CZK", "HUF", "ILS", "KRW", "MYR", "PHP", "RON", "SGD", "THB", "BGN", "IDR", "HRK", "REVS", "SUPERNET", "DEX", "PANGEA", "JUMBLR", "BET", "CRYPTO", "HODL", "SHARK", "BOTS", "MGW", "MVP"]

of course best performance is by having it local, but BTC is getting pretty big nowadays to have local

any other coin will need to have a local coind or iguana full mode active for it to DEX

Thanks for the kind words!

The Komodo team or SuperNET doesn't have any nodes running in the election. There are however 3 test notary nodes that will be ratified and part of the 64 nodes. Two of these nodes is run by jl777 and one by Kolo. There will be free spots for us to do this as SH & AR regions have less than 16 nodes.

There are some individual people who are part of Komodo team and running in the election though. How much BTCD they have or how much BTC they invested during the ICO is their private business, and there's no way to know how much voting power they have. They have aquired their voting power with the same means as everyone else (by investing).

There are some payments due to our team members (i.e. salary & bounties), and those will be paid in KMD after the KMD is distributed. In other words, none of the 10% supply reserved will be used in voting.

FAQ of the last few days

Schedule

- ICO Site BTCD deposit enabled 8.1.2017
- Subsidiy field gets locked for candidates 13.1 3PM UTC
- BTCD Snapshot 15.1 (block xxxxxxxx)
- Elections begin 15.1 3pm UTC
- Elections finish 29.1 3pm UTC
- KMD distribution 31.1 3pm UTC


If you have BTCD in a local wallet you can simply send it to the ICO site (i.e. deposit it). BTCD deposited before the snapshot will also receive the REVS asset.

You can also hold the BTCD in your local wallet, in which case you can use your BTCD privatekey to later redeem the REVS asset. Keep in mind though, that if you are not staking BTCD you are losing money as the swap rate is decreasing a little bit everyday (5 % during 365 days).


If you hold the BTCD in the ICO account then you don't have to worry about the privatekey. You will receive the REVS asset. In any case, the 12 word seed is very important, and without it you will lose your investment.

If you hold the BTCD in a local wallet, then you will have to export the privatekey.


Yes, you can buy BTCD and swap it for KMD, but you cannot keep it in an exchange. The exchange won't swap the BTCD for your.  You must send/deposit the BTCD into our ICO site.

You will be able to vote with the KMD you receive in the swap. The swap has basically already begun (internal balance) and will last 1 full year. Just deposit the BTCD to the ICO site and you everything will be taken care of. The only thing you must do is keep the 12-word passphrase/seed safe.


Yes, but you must keep the 12-word seed safe and secure.


A: importprivkey into BTCD wallet using the KMD wif

the iguana GUI will be able to convert the ICO passphrase you used into a KMD wif, which can then be imported into both komodod and BitcoinDarkd

so as long as you have the passphrase, your funds are safe


To receive the REVS you must do either:
A) send them to our ICO website
B) store them in a local wallet and export the privatekey (You need the BTCD privatekey).

We believe most BTCD will be swapped (1 full year to swap it). However there will be some BTCD that is lost, etc. and those will obviously not be swapped. The KMD we have left over after the 1 year period will be added to the working capital.

Currently jl777 is the only BTCD dev, and he will be focusing on Komodo development in the future, so there are no devs left for BTCD. This is why we encourage everyone to swap.


A lot of the recent developments are a bit unclear even to the SuperNET investors. Iguana and Komodo are made by SuperNET, and SuperNET is the organization developing them. SuperNET asset should be viewed as a share of the SuperNET organization. We have capital and investments; we have for-profit projects and a large platform & framework (known as Iguana and Komodo). SuperNET asset holders will be receiving dividends when we make a profit from the revenue, just like in any other business.

We are working on a new supernet.org website that will become the hub of everything we are doing. The new website will explain what we do, and what our projects are.

Ah, I forgot to post the schedule here! You will get the KMD on January 31st

We must assume that at the end of the year all BTCD is swapped.

Everyone who holds BTCD in their local wallet doesn't have any rush to swap, as they will get the REVS asset anyway, and have a lot of time left to swap. The BTCD that has now been deposited is presumably mostly from central exchanges.

The various KMD bounties (like signature campaign) are paid after the KMD coins are distributed.

No, BTCD is decentralized like any other crypto, you cannot shut it down. As long as there are nodes online it will continue.

There is one full year to do the swap.

There is also some confusing regarding the staking and 5 APR interest.

If you deposit BTCD today it won't technically convert to KMD, which means you are not going to receive any interest. However, the swap rate is decreasing everyday to take that into account.

All in all it doesn't really matter whatever you deposit BTCD today or 5 days from now.

Notary Node Elections 2017

Don't forget that the elections are here too!

We now have all the dates and things are happening.

Here's a summary about the candidates:



Tomorrow we will also publish a election guide on komodoelection.com

Now it is time to start researching about the various candidates!

That sound weird. Are you sure you entered the BTCD address correctly? Can you redo the process? Maybe there was some typo or other mistake. You can try with a small test amount.

The servers are under some heavy load, which causes some performance issues. For me too the address was missing, but appeared a little later.

Just wait and it should appear below the QR code!

There is some confusion as people are afraid their BTCD will be immediately swapped for KMD and they miss the snapshot. However, you won't miss the snapshot if you make the deposit.

You will just deposit the BTCD to the ICO site, and then you will participate into the snapshot automatically and after that the swap will happen. And then the swapping will continue for one year.

Schedule

- ICO Site BTCD deposit enabled 8.1.2017
- Subsidiy field gets locked for candidates 13.1 3PM UTC
- BTCD Snapshot 15.1 (block xxxxxxxx)
- Elections begin 15.1 3pm UTC
- Elections finish 29.1 3pm UTC
- KMD distribution 31.1 3pm UTC

You can now deposit BTCD to our ICO site, and then you will automatically take part in the snapshot for REVS asset, and afterwards your BTCD will be automatically swapped for KMD. Once you deposit your BTCD to the ICO site you cannot undo it. If you deposit, you will agree to get KMD in return.

The BTCD snapshot will happen at some point during that day. Instead of a time it will be some specific block. We are not sure yet which block it is. We can more accurately say the block/time a little bit later. In any case it will happen 15.1, and we will try to time it to happen around 3pm UTC.

Support is delayed today

Your dear community manger is travelling today and have very limited time to answer questions. We are sorry for the situation, but we ensure you that all the questions in twitter/facebook, etc will be answered on Monday.

We have had delays enough, so we thought it is important to move forward with the plan as it become technically possible. This day will be a bit chaotic.

What is the difference between REVS snapshot and KMD swap?

These two are two different things:

Yes, when sending to the ICO site swap address it doesn't matter from where you send it. You can send from an exchange, or via MultiGateway (SuperNET lite wallet).

Where Hope Lies for Privacy, Anonymity, and Fungibility in Cryptocurrency
Komodo’s dPoW Provides Double-Layered Security and Cuts Costs
Komodo: the Native Currency of the SuperNET Ecosystem

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