Indeed, and the good news is that we have solved the liquidity problem. Our solution is liquidity provider nodes (LP-nodes), which will also connect to a centralized exchange where they can balance the trade. So for example could sell KMD through DEX while doing the opposite in a central exchange:

DEX: KMD -> BTC
CEX: BTC -> KMD

Our DEX is different

We already created a decentralized exchange two years ago, it was based on proxy tokens. It is called MGW and it is still functional. A lot of people have used it to easily store BTC and BTCD (+other supported coins) in a decentralized environment. It was built on top of Nxt, which also meant that businesses could pay their dividends in BTC. However, there were several problems and because of those this DEX never got much adoption.

Most if not all of the current decentralize exchange solutions we have on the market today (or in development) use the same concept of proxy tokens. Our assessment is that it will never get adoption as it cannot beat the convenience and speed of a centralized exchange. So when we developed our DEX 2.0 we knew that decentralization in itself is not enough. We need to also have speed, liquidity, and the convenience of a central exchange.

With our new DEX (called EasyDEX & InstantDEX) we don't use proxy tokens. Rather we use an atomic cross chain protocol to directly swap the coins. The trading can be done from the same place you keep your coins, i.e. Iguana desktop app. And finally we ensure liquidity through the liquidity provider nodes as explained earlier.

For more detailed explanation read our DEX whitepaper!

The ICO swap backend is finished & tested. Now we must wait for it to get integrated into the ICO website itself. As soon as this is done we will make the announcement.


There are many questions about the BTCD swap still, so here's the complete answer to all the questions.

The updates are in komodoplatform thread, it's the latest SuperNET thing and very exciting!

You can sign up to our Komodo newsletter, where we will send out our updates: https://komodoplatform.com/

Pretty soon we will be able to announce the schedule and things will start happening.

Yes: very soon.

It's almost ready, but we are not gonna make any promises. It's still gonna take at least some days.


Any coin can use dPoW to protect their network. Instead of attaching to bitcoin Blockchain they would use Komodo's blockchain. The coin can select which nodes notarize their blockhashes to our blockchains. They could even setup their own nodes to do that.

We would like to see as many blockchains utilize dPoW as possible. To do that a softfork is enough, and it shouldn't take that long either.

OPAL could attach itself to Bitcoin, Litecoin or any other coin. However it costs a lot of money to do constant group signed tx transactions (that's why we needed funding). It's way cheaper to use KMD blockchain to get the dPoW protection. Through Komodo also the 3rd party blockchain would be secured by Bitcoin's hashrate (extra link though, so it takes a bit longer for a transaction to get the bitcoin level security).

All the bounties, including team member payments, will be sent out after the election. In other words, the 10% supply that was reserved for bounties & other payments won't be voting.

Only those who invested with BTC or who swap their BTCD during the election will vote.

Yes, we are testing it (the backend is working). Now we just must implement the thing to the actual ICO site. This takes some time still, could be a couple of days... could be more.

Yes, with both ways you get the same KMD coins.


For the ICO site there is not, but I can assure everyone that there is progress everyday and it's just a matter of time when it is finished.

The elections are quite open, and we want to make them even more open in the future (decentralized). Basically there's no way to stop backroom deals from happening. Also there's really no way to stop any notary node operator from voting.

Right now you could buy BTCD from the open markets, register 10 different accounts through our ICO site, and then use them to vote.

Basically yes, but the exchange rate will decrease slightly every day to account the 5% APR bitcoindark has. With this we ensure there won't be more BTCD than there are KMD reserved for the swap.


Hi! We have explained the situation many times, and it's somewhat silent here because there's nothing to update. We are waiting for the ICO site to finish, and after that will announce the schedule for elections & KMD distribution.

Regarding the ICO site there were some good news: we have been successfully testing the BTCD swap feature through an "ugly GUI". The thing works, and now our other dev is implementing it to the actual ICO website with the pretty GUI. We all hope this is done soon, and things will start moving once it is done.

Regarding the wallets: they are being tested by the team. There are still bugs and issues, so they are not published with easy installers. There have been some alpha releases, and multiple screenshots. The team is working hard to get a fully working GUI with "one-click" install ready for the KMD distribution.

The progress can be best observed if you join our Slack. The most active channels are: #iguana, #komodo, #GUI-development, #general, #elections, #notarynode

EDIT: Just yesterday jl777 gave an update regarding the Komodo development: Last Few Weeks of Development Until Launch

Yes you can send the payment info again to komodo.bounty.

Regarding the KMD payment timeframe... good progress is being made to the ICO site, and hopefully very soon we can announce the exact schedule for the payment. Thanks for your patience.

No problem!

1 KMD = 1 vote per region

You will vote four times, one time per each region (each region will have an independent election)

We are going to have a BTCD swap also, so anyone could buy BTCD and swap it for KMD. After the swap you will have KMD which you can use to vote.

The ICO site is coming together nicely, hopefully we can soon announce the schedule.

I was told you haven't send your BTC address. You must send it to komodo.bounty, here are the instructions.

The Iguana (desktop app) is built with Electron, which means it will be compatible with Mac, Windows, and Linux


Not yet, it's in internal testing though.

There were some mistake, you were supposed to be in the second batch

You have been paid now: 35bda3a9ed708cd10366d00121348a306e77447f0d214acfd65502334a553f62

---

Please fill out the appeal form and the campaign manager will look more closely into your case.

Indeed, we are currently testing the BTCD swap feature for the ICO site. This means we are quite close already, and soon we will announce the exact schedule.

From the moment the announcement is made
+ 7 days and the election starts
+14 days and the election is finished
-> KMD distribution

So the KMD distribution is at least 3 weeks away from now. This has been the situation for time now, and will remain the situation until we make the announcement.

The good thing is that our GUI teams have had more time for development. They have been making constant updates themselves. At the moment the wallets are there, but for advanced users only.

There have been some delays as we are waiting for the ICO site to support BTCD snapshot & swap. We are now testing the features and it should be online soon. After that things will start moving.


I'll contact the campaign manager and ask what's the situation with those who just complained about not receiving the payment.

saves posts?

The payments are not done. We haven't made the KMD payments yet. Those will be made in about 3 weeks when we distribute the coins to ICO investors.

Second BTC batch paid!

cdec92127f059ac5de94fad59a1a28b2798e38c67d11b4dc2bc83c278ae35021

If you sent us the correct address, then it will all be fine. You can prove if we made a mistake.

Second batch will be paid later today.