1) There's no launch date announced yet
2) No Komodo GUI wallet is released yet (expect Iguana multiwallet alpha versions)
3) BTCD swap has not begun
Those things will happen very quickly, and we got a solid roadmap with a platform we have been developing for 2 years. The machine is ready, we just need to connect some wires.
I'm looking forward for the launch.  But my question is, do the Komodo Team plan to publish a press release on some major Crypto Online News when Komodo launch? I thinks it a very good ideas to publish a press release on some major Crypto Online News like cointelegraph.com & coindesk.com . Because many Crypto investors don't really spend time on this forum, but they do subscribe to this major Crypto Online News so they can get update in this Crypto world. This ways we can get and attract more new investors from outside this forum. So i thinks spending a little bitcoin to publish press release on this major Crypto Online News can be a good investment, to attract new investors outside this forum. Any plans from the team to publish press release when Komodo mainnet launch? With all the advantage, amazing Apps like Iguana multi-wallet, decentralize exchange and our solid roadmap, i think we can attract more new investors from this press release  Yes we will have more press releases. We did have plenty during the ICO, but now we have been waiting for our platform to come online. It's a good idea to make some nice around the KMD distribution date when our network officially launches. |
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This one is good question can you tell us dev or give us tutorial how to transfer KMD to another address I did not see it too.
Before the KMD distribution we will release the GUI wallet. We will provide some guides / information about how to install it and how to send KMD. Can you tell us estimated time for this? I believe that you will send e-mail notifications also about the progress... We will release the schedule as soon as the ICO site is online. |
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Team Komodo Ninjaprovide you
abstract of FAQ regarding Financial Facts of Komodo (KMD) and BitcoinDark (BTCD)! Last Update: 06. January 2017 Please retweet/follow at So why doesn't the market pick up those BTCD at half price? I haven't got any liquidity left or else I would. Why does nobody else pick up the arbitrage? Is it that the market does not trust this project after all? Is the market stupid? 1) There's no launch date announced yet 2) No Komodo GUI wallet is released yet (expect Iguana multiwallet alpha versions) 3) BTCD swap has not begun Those things will happen very quickly, and we got a solid roadmap with a platform we have been developing for 2 years. The machine is ready, we just need to connect some wires. |
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How many coins has jl777 developed as of now?
That was answered several times in this thread. Do you expect us to support your laziness? This is easy to answer: one coin - Komodo BitcoinDark was a project jl777 joined midway, so he did not start it. SuperNET is not a coin, and neither are the reference applications we are developing on top of our platform. |
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And again, the developers should really keep to the schedule that they've posted here many times over the past months:
Schedule
- ICO site accepts BTCD
- 7 days after that BTCD snapshot happens & the swapping begins
- Elections begin, and last 2 weeks
- Elections are over, elected notary nodes will get ratified, KMD will be distributed
Most importantly, we should get at least 1 week notice before the snapshot. Many people can only move a limited amount of crypto out of Poloniex per day, depending on verification levels, so please give us a week, as promised before the snapshot so we can get it done.
If you want to allow swapping earlier or distribute KMD early, I suppose wouldn't be downsides, but the advance notice for the snapshot is important. Thank you.
It seems that the plan only change in term that the swapping will start automatically with the first day the Komodo ICO site accept BTCD deposits. And the BTCD snapshot will happen in the planned timeframe. Yes you are correct. The schedule will stay as announced previously, but the swap can in fact start earlier. Yesterday we found one bug, and now we are fixing it. We will announce the schedule as soon as it is fixed and no further bugs are found in testing. |
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This one is good question can you tell us dev or give us tutorial how to transfer KMD to another address I did not see it too.
Before the KMD distribution we will release the GUI wallet. We will provide some guides / information about how to install it and how to send KMD. |
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And more generally speaking the Komodo wallet with T (transparent) transactions is ready. However the wallet is not yet published or available for download.
Satinder is going to integrate komodod to the application as well. After that is done and the bugs are fixed then also the Z transactions can be made.
So we will have a working GUI ready for KMD distribution. No worries!
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How to send KDM when to send.
We will send KMD bounties at the same time we distribute the KMD to investors. We will announce the schedule soon. A Happy Announcement!
The ICO site is finished, and everything appears to be working correctly. Next we will test it carefully and make sure it works. Also some translations are missing.
If we encounter no bugs then the swap will begin very soon (few days). We are now getting prepared for that, and then announce the schedule for elections and KMD distribution.
The swap has not yet started.
We found one bug, hopefully we are able to fix it quickly. |
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l8orre, KomodoPlatform, thank you for the answers! Is there any difference if I keep Unity on Poloniex or SuperNET asset in my NXT address? I mean upcoming migration and other changes.
I don't think it matters. We will use MGW (multigateway) to import the asset into assetchains SUPERNET asset. Poloniex should/could do this to their SuperNET holdings (at least at some point). We will have more info when the process is about to start. |
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A Happy Announcement!
If we encounter no bugs then the swap will begin very soon (few days). We are now getting prepared for that, and then announce the schedule for elections and KMD distribution.
The swap has not yet started.
Shouldn't the swap start 7 days after the site officially begins to accept BTCD? "Schedule - ICO site accepts BTCD - 7 days after that BTCD snapshot happens & the swapping begins - Elections begin, and last 2 weeks - Elections are over, elected notary nodes will get ratified, KMD will be distributed" We will revisit this, as the swap happens automatically when you deposit BTCD. Thus the swap could start as soon as the new features are online. More info will come after we have tested the ICO site. |
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I have already enough BTCD to be swapped . Just waiting for activation in ICO dashboard and bounties from signature campaign for me to know my total stake at Komodo,
I have a question, will poloniex help people to swap like neos coins swap before, and nxt to ardr, so if that is possible, poloniex may list kmd trading pair No, everyone must swap their BTCD's themselves. They can be sent from an exchange to our ICO site once it is online. |
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A Happy Announcement!
The ICO site is finished, and everything appears to be working correctly. Next we will test it carefully and make sure it works. Also some translations are missing.
If we encounter no bugs then the swap will begin very soon (few days). We are now getting prepared for that, and then announce the schedule for elections and KMD distribution.
The swap has not yet started.
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Is this project still alive? I mean SuperNet itself. I see some news on Komodo, but what about SuperNet? I haven't been following it for a while but still have some SuperNet tokens (Unity). Are they gonna have any value or I can forget about them?
None of the official SuperNET projects are being abandoned. However there are some projects that people believe to be from jl777, but they infact got their own independend team and are thus 3rd party projects. We are not going to speak on behaf of those projects. We are going to migrate the SuperNET Nxt assets into their own independent assetchains (with a blockchain) using the Komodo and Iguana technology. Here's what we have already created using our assetchains:
./komodod -pubkey=$pubkey -ac_name=SUPERNET -ac_supply=816061
./komodod -pubkey=$pubkey -ac_name=DEX -ac_supply=1000000
./komodod -pubkey=$pubkey -ac_name=PANGEA -ac_supply=1000000
./komodod -pubkey=$pubkey -ac_name=JUMBLR -ac_supply=1000000
./komodod -pubkey=$pubkey -ac_name=BET -ac_supply=1000000
./komodod -pubkey=$pubkey -ac_name=CRYPTO -ac_supply=1000000
./komodod -pubkey=$pubkey -ac_name=HODL -ac_supply=10000000
./komodod -pubkey=$pubkey -ac_name=SHARK -ac_supply=1400
./komodod -pubkey=$pubkey -ac_name=BOTS -ac_supply=10000000
./komodod -pubkey=$pubkey -ac_name=MGW -ac_supply=10000000
These are 1:1 issued to match the corresponding NXT Assets:
SuperNET, InstantDEX, Pangea, NXTprivacy, Privatebet, crypto777, jl777hodl, sharkfund0, NXTcoinsco and MGW
These are all zcash forks with on-demand block generation and dPoW enabled. When we get the MGW setup to use assetchain coins, there will be an automated process to convert between the assetchain coins and the NXT assets using MGW
InstantDEX includes EasyDEX, which is soon released. Pangea will be developed after InstantDEX. SuperNET is the organization that is behind Iguana and Komodo. I recommend this article for more info regarding the overall situation: https://steemit.com/supernet/@komodoplatform/komodo-marketing-update-building-the-groundwork |
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Paid! 5b4e03bebbe11671ac76696d62a4344eae8b59f3a94bd45fe13253918563203a
We certainly can gather a list of those who have not send their info.
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Why do we need 2 weeks for notary node elections? This is the first election and as it appears, all the candidates are very likely going to get elected. So what's the point in making the process that long?
The elections are important, and we must give enough time for everyone to participate. No ninja elections We understand that everyone would like to see KMD on the markets, but basically there's no real rush to do this. We want to make sure we get a good network up with quality notary noes, thus 2 week elections. That's kind of my point. I thought everyone who would have participated already has. The deadline to announce candidacy is over is it not? And it seems that pretty much all the current candidates will get elected as notary nodes. So at this point, it doesn't make sense to have a two-week long election when everyone running is going to get elected anyway. Would make more sense later on when there are more candidates running to vote for. Maybe there's something I'm missing that you can point out. Mathematically 8 nodes will not get elected, no matter what happens. It could be more though, and probably is. We do not guarantee funding for 64 nodes, but for 32. In the absolute worst case scenario 36 nodes would not be elected, but that would require every candidate to run with 100% subsidy requirement (which is not going to happen). At this point we only know that the number is somewhere between 8 and 36. A realistic guess would be that ~15-20 nodes will not get elected. That's enough to take these elections seriously, and as you can see many candidates do. Some have already invested considerable amount of money into this as they have been running the nodes for months. The current situation is definitely not nice for the candidates, as some of them have to continue to pay money to keep their nodes online, and there is still no guarantee that they get elected. We did warn about the financial risk the candidates are taking, but we try our best to short this out and get the elections started. As far as I can tell the ICO site is very close to get finished, although it has taken a lot longer than we all hoped and thought it would. We cannot delay this thing forever, and I think we should consider alternatives options if necessary. Have you guys considered a deadline for Plan A? Like if site is ready by Monday go with Plan A, if not.do Plan B. To elaborate, I think it's clear that the extra time has been useful to shore up and continue development on a number of fronts, and if that needs to continue, I think that's time well spent. But in case all that we're waiting on is the ability for the ICO site to accept BTCD transfers for those that don't hold a wallet, it may be worth calling a deadline date so things don't stretch out longer than anyone wants. I can't imagine the revenue assets will add so much value that people will lose out so much if they can't manage to install the BTCD wallet themselves (vs. leaving on an exchange). That being said I've installed the client, so maybe this is a selfish argument Yes, if we find plan B that is technically possible we could go with it. I asked today if it's possible, but my impression is that all in all the ICO site is pretty close to be finished, and we will go with the plan A. Making last minute changes regarding the snapshot is not good, as we have promised people they could send their BTCD's to the ICO site. Installing and running the BTCD client is a bit difficult, and the syncing takes days. |
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Do you still need C developers on your project?
Potentially yes, if someone is really interested they should join our Slack and start looking into what we do & solve some problems. Still waiting on BTC payment since 24/12/2016
Sorry for the delay. We will do the last (third) payment batch soon. The campaign manager is collecting the info of the last people. After this payment all the BTC payments should be done. Of course, it's all great. but is it really so hard to do was faster? you do not pay bounties of thousands of subscribers. Yes, apologies the third one was a bit delayed. Of course each payment batch will take longer, as it also takes some coordination between people to do these payment batches. If someone has not yet sent us their payment info they will receive their payment very late. As of now there are still plenty of people who have not done so. That being said we are ready with the third batch with has a 15 people in it. It will be paid tomorrow. So if you have requested BTC payment already then you will get paid tomorrow. Those who claim their bounty today or later will have to wait a lot longer, as we won't be processing the forth batch just because of a few late claims. |
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Why do we need 2 weeks for notary node elections? This is the first election and as it appears, all the candidates are very likely going to get elected. So what's the point in making the process that long?
The elections are important, and we must give enough time for everyone to participate. No ninja elections We understand that everyone would like to see KMD on the markets, but basically there's no real rush to do this. We want to make sure we get a good network up with quality notary noes, thus 2 week elections. That's kind of my point. I thought everyone who would have participated already has. The deadline to announce candidacy is over is it not? And it seems that pretty much all the current candidates will get elected as notary nodes. So at this point, it doesn't make sense to have a two-week long election when everyone running is going to get elected anyway. Would make more sense later on when there are more candidates running to vote for. Maybe there's something I'm missing that you can point out. Mathematically 8 nodes will not get elected, no matter what happens. It could be more though, and probably is. We do not guarantee funding for 64 nodes, but for 32. In the absolute worst case scenario 36 nodes would not be elected, but that would require every candidate to run with 100% subsidy requirement (which is not going to happen). At this point we only know that the number is somewhere between 8 and 36. A realistic guess would be that ~15-20 nodes will not get elected. That's enough to take these elections seriously, and as you can see many candidates do. Some have already invested considerable amount of money into this as they have been running the nodes for months. The current situation is definitely not nice for the candidates, as some of them have to continue to pay money to keep their nodes online, and there is still no guarantee that they get elected. We did warn about the financial risk the candidates are taking, but we try our best to short this out and get the elections started. As far as I can tell the ICO site is very close to get finished, although it has taken a lot longer than we all hoped and thought it would. We cannot delay this thing forever, and I think we should consider alternatives options if necessary. |
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There are a lot of cool conversations happening on our Slack. Please join if you haven't already. I'll copy paste one here, that happened/is happening on #trading channel. Polycryptoblog
the one question that has been bothering me about komodo, is that is it possible to drive enough demand without it resorting to be a currency? I know certain things will cause limited supply (investors holding for their 5%, coins locked up in paxfiat conversions. coins on exchanges ) but im not convinced its a stable enough foundation. Definitely an awesome start to a foundation but we need more things that komodo can be used for or else there needs to be an economy developed.
jl777
"resorting to be a currency"? KMD is a currency, not sure what you mean by resort to
even if you dont hold pax fiat and just use it short term, you need KMD
also services will require KMD
compare KMD capabilities with any other crypto, its unique abilities will drive usage
when we add easy to use jumblr anonymization, then the zcash aspect also kicks in from an actual use standpoint
polycryptoblog
i meant by that, is that external players ( outside of SN projects and crypto exchanges ) have to accept KMD as a medium of exchange. That is an uphill battle. Komodo through different services, like PAX and Jumblr and DPOW provides something that people can exchange their coins for, which is exactly what we need. But the other part of an economy, coin -->physical goods needs to be developed as well as 3rd parties to accept it for other services.
i guess another way of phrasing it is: How can we increase demand for KMD?
audo
I think we can say Komodo has two price drivers whereas many other coins have one of the two:
1) Komodo as a service
2) Komodo as money
We start with the service part and create some basic demand, and then the currency adoption will follow. It will take much longer to get adopted as a currency. However any bitcoin user will be buying some KMD if they want to erase the track-record of their bitcoin transactions (jumblr), and then slowly they might start using KMD as a currency too.
I would assume we can get a relatively stable market with the basic demand we get through the services. In that case as a cryptocurrency user I would treat BTC like a gold in a vault, and KMD as the currency of payment.
Maybe we could do some flexible KMD wallet where the user could send KMD anonymously to a bitcoin address (and then the KMD -> BTC conversion is done behind the scenes). That would be a bit cheaper than sending BTC -> BTC anonymously, as there would be one less conversion. That would encourage people to use KMD as money, kind of like a spending account.
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Still waiting on BTC payment since 24/12/2016
Sorry for the delay. We will do the last (third) payment batch soon. The campaign manager is collecting the info of the last people. After this payment all the BTC payments should be done. |
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There was a Iguana Desktop app update from Satinder! Fixed some Iguana Desktop issues in latest github commits:
- iguana daemon now starts via _Shepherd API_ which will be playing the role of daemon master to control daemons like `iguana` and `komodod`. It’s development came out of need to manage `komodod` process which will allow running Assetchains, PAX Fiatchains. It’ll also allow users to easily create Assetchains via GUI with just few clicks etc. once _Shepherd API_ is complete, which is not so far.
- _Shepherd API_ fixed some previous known issues of Iguana Desktop app acting frozen after some time, as `iguana` daemon uses max open files limit and the previous implementation wasn’t handling it as well as this new approach.
- iguana daemon gracefully exits when the app quits/exit.
- User’s in previous version could not copy/paste etc to Iguana Desktop App. In latest updates made common desktop app menu items visible and this allows users to copy/paste passphrase to/from production desktop app.
- EasyDEX-GUI now uses ONLY secure API calls to interact with iguana daemon. Means the previous possible attack vectors won’t be possible with latest updated app.
New bugs to fix:
- I still found some bugs on Linux Machine when running a production version. The app kinda goes into loop, closing loading window and opening a new instances of loading windows, which then again open further main windows, and this loop eventually ends up freezing whole Linux OS. Working on it right now to fix and troubleshoot the issue. In dev environment this issue doesn’t even occur and the app runs smooth as. On OS X I haven’t seen this issue either in dev or production version. Yet to test Windows production app, and observe it’s behaviour.
Next tasks to do:
- Enable native komodod for OS X and Linux machines. That will allow running native komodod making possible for users to do both Private and Transparent transactions in Komodo.
- Check the conf file settings and fix them automatically if the required settings are not there, like server=1, rpcuser, rpcpassword etc for komodo.conf and for any Assetchain or PAXFiat chain conf files.
- Modify EasyDEX-GUI’s Login screen to allow user to select the options between Native Komodo mode (which runs via komodod daemon), Full mode& Basilisk mode (which runs via iguana). And condition this to show only for OS X and Linux for now.
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