Hi, I am full member now and added avatar, I entered the rank change form days ago, but it still not updated on google doc, please update it thank you
OP can you please update my status from pending to accepted in the google spreadsheet. I now got my 25 posts.
Hi, please update me in the google spread sheet from "pending" to "accepted". I got my 25 posts and are still waiting for the spreadsheet to update. I would like to get this off my list of things to worry about. Nothing to worry about, It's just not updated that often but we have your info. There's no way to get rejected if you just don't spam, whatever the spread sheet says 'pending' or 'accepted' is meaningless. The spreadsheet will be updated in ~7 days. It's the last week of our campaign! Thank you all who have participated. I was removed from the spreadsheet. I fulfilled all requirements throughout the campaign and was ensured to get paid in the end as you assured me above. I knew something was off when I stayed pending in the spreadsheet for weeks. Luckily I got a confirmation from you in above quote. Why was I removed from the spreadsheet? Please put me back on the spreadsheet as accepted asap and reconfirm that I will get enumerated. We are looking into it!
Any news when the updated spreadsheet will be available?
It's almost ready. |
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I come to understand what he says.
But with his idea of elections
A much more obvious example.
90% subsidy remaining after the 7th node.
8th node 420000 votes 100% subsidy
9th node 39000 votes 90% subsidy
Winner on 9th when he does not have 10% of votes than 8th. The subsidy becomes the most important point.
This seems very unfair neither democratic to me.
Ok, I understand now. Unfortunately that's the situation if the notary node wants our guaranteed subsidy. There's no perfect solution. The notary nodes need to think hard where they set the required subsidy. If they set it to 100%, then in other words they say that they are not willing to take the financial risk and cannot operate the node with just 90% subsidy. It's not perfect, but the best solution we came up with. One last query Why do you rate kmd in 0 $? I think KMD should value the ICO price.You really believe that Komodo can be worth $ 0 Thanks You are misunderstanding something. We don't value KMD as $0. |
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I come to understand what he says.
But with his idea of elections
A much more obvious example.
90% subsidy remaining after the 7th node.
8th node 420000 votes 100% subsidy
9th node 39000 votes 90% subsidy
Winner on 9th when he does not have 10% of votes than 8th. The subsidy becomes the most important point.
This seems very unfair neither democratic to me.
Ok, I understand now. Unfortunately that's the situation if the notary node wants our guaranteed subsidy. There's no perfect solution. The notary nodes need to think hard where they set the required subsidy. If they set it to 100%, then in other words they say that they are not willing to take the financial risk and cannot operate the node with just 90% subsidy. It's not perfect, but the best solution we came up with. |
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Before we start we value KMD at 0 $.
Good image for investors before the delivery of KMD valued at 0 $.
At a minimum, these KMDs should be valued at the price of ICO. 100% subsidy does not mean $ 500 spending.
1btc = 10000 KMD ICO price use this for elections too
Thanks
We simply guarantee a subsidy for the notary node, so that they stay in operation. Without a guaranteed income we could lose notary nodes if the KMD block reward would not be enough to cover their expenses. $500 is enough to cover all the expenses. We discussed this in Slack, see: http://sprnt.slackarchive.io/elections/What role will our tokens play in this node?I mean what is the gain for a small token holder like me? I'm a bit unsure what you are asking, but You can vote with your coins and get the good/stable notary node operators elected. You won't directly gain anything from the voting process itself. In the example that you put: https://bitcointalk.org/index.php?topic=1605144.msg16985638#msg16985638Mike has more votes but the elected is Tom. How does that explain? Because with that same format for example: Only 10% of subsidy remains after 8 nodes. 9th 100 votes 60% subsidy 10th 90 votes 78% subsidy 11th 81 votes 90% subsidy 12th 70 votes 15% subsidy 13th 1 votes 0-10% subsidy 13th node is elected. I think votes are not worth anything. Votes do matter. In some cases a notary node might cost $300 - 500 / month, and those could not be set up without winning a spot with 80-100 % subsidy. Also some nodes won't get elected even if they need only 0 % subsidy, because we have a maximum number of 16 notary nodes per region. Right now there are 20 notary node participants in EU region and 21 notary node participants in NA region. If you don't get enough votes, you won't get elected. In these first elections when Komodo is quite unknown and there is a lot of uncertainty the elections are not that big of a thing. Majority of the participants will get elected. However, if the KMD price rises above $0.25 the situation will be very different. Thus there might be a lot of competition in the future elections, and a lot more campaigning done by the notary node candidates. |
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Before we start we value KMD at 0 $.
Good image for investors before the delivery of KMD valued at 0 $.
At a minimum, these KMDs should be valued at the price of ICO. 100% subsidy does not mean $ 500 spending.
1btc = 10000 KMD ICO price use this for elections too
Thanks
We simply guarantee a subsidy for the notary node, so that they stay in operation. Without a guaranteed income we could lose notary nodes if the KMD block reward would not be enough to cover their expenses. $500 is enough to cover all the expenses. We discussed this in Slack, see: http://sprnt.slackarchive.io/elections/What role will our tokens play in this node?I mean what is the gain for a small token holder like me? I'm a bit unsure what you are asking, but You can vote with your coins and get the good/stable notary node operators elected. You won't directly gain anything from the voting process itself. |
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Sorry for the small delay! We will post the updates spreadsheet later today.
well, thats good news. let's see what we will get now... tough job though, a lot of participants to check...  Hey there op, any updates about the campaign spreadsheet? i am anxious to see some numbers...  I got an update today from the manager, that it's taking a lot longer than previously expected. Due to the spamming claims he has to spend extra time investigating, and there are 150 participants. I'll inform you guys as soon as I know more! Ok, even if we need more time to know, its good that we have some news.  We expect to hear you and the campaign manager again soon. Btw i am sure that you mean 250 participants and not 150... Yes 250! my bad |
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Before we start we value KMD at 0 $.
Good image for investors before the delivery of KMD valued at 0 $.
At a minimum, these KMDs should be valued at the price of ICO. 100% subsidy does not mean $ 500 spending.
1btc = 10000 KMD ICO price use this for elections too
Thanks
We simply guarantee a subsidy for the notary node, so that they stay in operation. Without a guaranteed income we could lose notary nodes if the KMD block reward would not be enough to cover their expenses. $500 is enough to cover all the expenses. We discussed this in Slack, see: http://sprnt.slackarchive.io/elections/ |
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Sorry for the small delay! We will post the updates spreadsheet later today.
well, thats good news. let's see what we will get now... tough job though, a lot of participants to check... Hey there op, any updates about the campaign spreadsheet? i am anxious to see some numbers... I got an update today from the manager, that it's taking a lot longer than previously expected. Due to the spamming claims he has to spend extra time investigating, and there are 150 participants. I'll inform you guys as soon as I know more! |
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Notary Node Election Details
...
With the current exchange rate of 0.00012909 BTC/KMD the notary node would get 0.26 BTC/month = $190/month.
-> thus we would pay the node $310 in BTC, so that their total income is $500/month.
When KMD price goes over $0.25 dollars we don't have to pay any subsidy.
What is it about? Where you can see a KMD exchange? It's the price the ICO investors paid to get KMD with 0% bonus. Of course we don't know the actual market price until there is a market. |
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Notary Node Election Details
We will use the ICO funds to guarantee a certain payment for the notary node operators. In this way we will ensure that we will have quality notary nodes and our network is reliable.
There will be 32 - 64 notary nodes. We will ensure funding for at least 32 notary nodes, but there could be up to 64. Each region has its own election and its own budget, thus each region will have at least 8 notary nodes and an equivalent budget.
Each notary node candidate can decide themselves how much guaranteed subsidy they require to run a node. They are able to set this figure for each node they operate, and it can be anything between 0 and 100 %. The full 100% subsidy means that they need a guaranteed payment of $500/month.
The total guaranteed amount is $16,000 per month, or $4,000 per month per region. In other words we could say the total guaranteed amount is 3200 %, or 800 % per region.
Each candidate must publicly announce the subsidy required, and that may affect how people vote. Who ever gets the most votes wins the election and is guaranteed to be able to run a node. The subsidy percentage they require is subtracted from the total budget, which is 800 % for each region. This process will continue until all subsidy is gone. The end result is at least 8 nodes per region, but probably more as some candidates won't need a full 100% subsidy.
An example
Region A has 6 candidates with 400 % subsidy. [for simplicity, but we will have 800 % subsidy]
After election we count the votes, and the result is as follows:
1. Alice - 211 votes (subsidy: 100%)
2. Bob - 190 votes (subsidy: 100%)
3. Charley - 187 votes (subsidy: 50%)
4. Dan - 122 votes (subsidy: 75%)
5. Mike - 88 votes (subsidy: 90% )
6. Tom - 51 votes (subsidy: 50% )
-> Alice is the winner, and gets elected, 300% subsidy left
-> Bob finished second, and gets elected, 200% subsidy left
-> Charley gets elected, 150% subsidy left
-> Dan gets elected, 75% subsidy left
-> Mike does not get elected, not enough budget
-> Tom gets elected, 25% subsidy left
Region A ended up with 5 notary nodes, and 25% subsidy was left over.
At the end those left over subsidies are combined from all 4 regions, and another notary node is elected - if the total subsidy is enough.
The Guaranteed Subsidy
A 100% subsidy means that with the ICO funds we will guarantee an income of $500/month. However, it is possible that we won't have to pay anything if the mining revenue is more than $500/month.
There will be 1440 new block each day, and each block has a 3 KMD block reward, which means there will be a 4320 KMD income per day.
With 64 notary nodes each would receive 4320/64 = 67.5 KMD/day -> 2025 KMD/month [Note that possibly we won't get 64 notary nodes, which would mean more income per node]
With the current exchange rate of 0.00012909 BTC/KMD the notary node would get 0.26 BTC/month = $190/month.
-> thus we would pay the node $310 in BTC, so that their total income is $500/month.
When KMD price goes over $0.25 dollars we don't have to pay any subsidy.
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The payment will happen around the same time our mainnet goes live and we distribute the coins. That is about 1.5 weeks from now.
We have/will inform the exchanges, but we cannot promise when they will add us.
That's is been taking but when will you guys release the fill up form concern the payment information. Sorry, what is it you are asking? |
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Howcome the spreadsheet in signature bounty has not yet been validated . The ICO was already finished.
Sorry for the delay, we will do it as soon as we can. |
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Did the snapshot happen yet or do I still have time to move all my funds to one address thanks
The snapshot date hasn't been announced yet. |
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The exchange rates got adjusted, based on more accurate calculations:
1 BTC = 7746,521995 KMD
1 BTCD = 50,42041779 KMD
These are now the final numbers!
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Boogieman made a long update about the Iguana multiwallet. Iguana App Update #131) 0.1.2 version is out there
Good news mailman speaking!) We have finished transition to Angular framework. Apparntly it took three days longer then planned, but along with that we covered Gulp builds pipeline. Now we have a good looking code and up to the industry standards. That gives more flexibility with code and content management. @pbca26
you can modify content on the fly
for example we can build chrome app, ionic and regular gui in a blink of an eye
no manual copy pasting, changing lines in code
all automated
More info about closed issues and new improvements are on the release notes. 2) 10+ new coins supportedAs I announced before we discovered more about 300 btc-forked coins. As Iguana engine is fully btc-compatible, we will be adding them steadily - 10 or more for each new release. We select the most traded in 30 days period first accounting data from coinmarketcap.com. For 0.1.2 we added 10 more: XRP PPC LMC MEC SC DOGE NLG EMC2 ABC APC > > > Full list of supported coins in 0.1.2 < < < Nice, glad NLG was added to the wallet too, one of the few coins i hold, plus Komodo coin By the way, can we do coins exchange from our Iguana wallet too? Eventually the EasyDEX GUI will be incorporated to the same environment, but at first they are two separate things. |
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Our campaign manager didn't have enough time to finish the spreadsheet today, sorry!
To cheer you up I'll announce some good news!
If you choose to get paid in KMD, then we will give you 25% bonus!
After the ICO we calculated the exchange rate, and it is: 0.00012907 BTC/KMD, or 7747.73 KMD/BTC
With the bonus you can get 9684 KMD/BTC!
P.S. don't send me your addresses in PM (they will go nowhere), also announcing them in this thread will not help. We will give you instructions once we move to that phase (after the spreadsheet is ready)
Sorry for the delays!
Best regards
Just curious: how you calculated the exchange rate? Basically if you invested with BTC during the last week (0% bonus), you got that exchange rate. If you want to calculate it, you must sum up all the investments (BTC and BTCD) as well as the bonuses, then divide it by the KMD supply. So the exchange rate is what the investors paid for their KMD. EDIT: The exchange rates got adjusted, based on more accurate calculations: 1 BTC = 7746,521995 KMD 1 BTCD = 50,42041779 KMD |
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Coin supply was fixed for bounties,devs etc how can you now announce additional%25 bonus to your signature campaign participants who chose to get paid in KMD?From where those additional tokens come if all of participants opt for KMD?
Yes, 10 % was reserved for bounties, advisers, and development. We have enough KMD to pay for the bounties, and what is left over will stay in our capital. The bounty was fixed to BTC price. |
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Boogieman made a long update about the Iguana multiwallet. Iguana App Update #131) 0.1.2 version is out there
Good-news-mailman speaking!) We have finished the transition to AngularJS framework. Apparently, it took three days longer than planned, but along with that, we covered Gulp-pipeline. Now we have a good looking code and up to the industry standards. That gives more flexibility with coding and content management. @pbca26
you can modify content on the fly
for example we can build chrome app, ionic and regular gui in a blink of an eye
no manual copy pasting, changing lines in code
all automated
More info about issues closed and new improvements are in the release notes. 2) 10+ new coins supportedWe discovered about 300 BTC-forked coins. As Iguana engine is fully BTC-compatible, we will be adding them steadily - 10 or more for each new release. We select the most traded in 30 days period first accounting data from coinmarketcap.com. For 0.1.2 we added 10 more: XRP PPC LMC MEC SC DOGE NLG EMC2 ABC APC > > > Full list of supported coins in 0.1.2 < < < As the only issue with adding all coins at once is hours needed for coins icon visual adaptation accordingly to the GUI style and we can not overload our young and talented UI ninja @antonleogky, we created a brief style guide for other coins representatives to let them prepare icons themselves for Iguana app.  Need your help!
If you are in touch with someone from the coins community or developers, please, share the file or its pdf-copy or this blog post. And you will be rewarded with an infinite number of GooodKarma or ThankYouVeryMuch coins. 3) Better UX
Ufff, Iguana! While the devs were busy with the Angular transition, we took a chance to improve UX and polish off the look and feel of the app. Since now Iguana can claim the title not just "the best," but "the sexiest" . For the 0.2 release, we are making updated clickable prototypes for all modes. I have already tested the raw prototypes, and they look like a live app. I wish there were a button converting mockups into a stable code for all platforms with just a click. Hope you will be able to share my experience very soon, as we will publish them in the next update. Now I'm sharing just the first screen.  Jokes aside, we need real user tests, feedbacks, and a/b tests to come to the most efficient UX solutions and UI designs. Feel free to file an issue at the repo now or after 0.2 is released. 4) Iguana Chrome app
While native builds for Windows and Android are still in development, we decided to launch Iguana Chrome app. To the dev's estimation, it will not take long, Tuesday or Wednesday is more than realistic. Unfortunately, we can not get a full working Chrome app at the moment, as we need a minimum network of Full Nodes. The reason for the Chrome app is promotional. More details in the next update. |
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on the komodo HP it says: snapshot roughly one week after the end of the ICO. Is there already an exact date for the BTCD snapshot yet?
It still says that? The snapshot date has not been announced yet, because we first want to integrate a BTCD deposit feature to our ICO site. After it anyone can send their BTCD there to get both the REVS asset and the KMD in swap. |
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