Our second article in our article series has been published!
English versionRussian versionSpanish version: soon! Chinese version: soon! This time we take a closer look at dPoW. In our final article we will discuss our vision.
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WHat is Revs Asset? how much value does it have?
From our Steemit post: What is the ‘revenue asset’?
For BitcoinDark a certain revenue share was promised from the various projects that compose the overall SuperNET ecosystem. Those revenue shares won’t migrate to Komodo. Instead, the BTCD holders will get an extra asset that will inherit those revenue streams.
The asset is entitled to these revenue streams:
5% of InstantDEX profits
5% of SuperNET profits
5% of crypto777 profits
After the ICO is over, a snapshot of the BTCD blockchain will be taken. Then after the Komodo blockchain supports assetchains that information will be used to create a new asset. A BTCD private key will be required to prove that you had BTCD during the snapshot.
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It's less than a week before the ICO ends. May I know if what exchange the Komodo will be available and when it will be on the market? I hope it will be immediately available on ccex, poloniex and bittrex  Thank you and God bless us more as op and Komodo team said before, everything will be cleared some days after the ICO. so when the ICO ends, we will have about a week or so, to see KMD on markets... am i right op? We don't know when KMD will be trading in exchanges, but the coins will be distributed to investors ~2 weeks after ICO. Hopefully the exchanges will list us, and we of course will inform and communicate with them. If you want to cash out your bounty, you don't have to wait for KMD markets though, as you can just choose to get paid in BTC. As already mentioned above, it's a big task to go over all the participants as we have so many. We try to get this done asap, and will publish a date for the bounty payout when we know it, but please be patient. Thanks |
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Whats up with the komodoplatform website?
It says im banned from the site.
Is that just me, or anyone else having the same issue?
Are you still having problems? No one else has reported any such problems to us. Yeah I am. Both desktop and mobile. Weird. . No issues on your end? No. Wait a while and then retry. Polycryptoblog said the same thing had happened to him. |
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Hello, i want to host a komodo notary node like discribed on github. I decided to ask my questions here,because maybe someone else is looking for these informations: - As far as i understood, komodo notary nodes will "mine" komodo coins by pushing the transactions into BTC blockchain. Is this true? - It is discribed, that the node will need min. 64GB of RAM -> are 32GB or 48GB also working or are the scripts such big? - What CPU is needed? Is it a most likely RAM based application or CPU/HDD? - Should the server have much storage for eventually very big db.logs / transaction logs? Maybe someone can help me out Thank you, seems like one of the most promising current projects out there. - The other 'normal nodes' can mine KMD also, but notary nodes can mine with easier difficulty, i.e. mining is more economical. Notary nodes will make notarizations to bitcoin blockchain, yes. Before you continue though, please understand the financial risk you are taking. - you must get elected - we decide the final notary node number after the ICO, when we know our budget (32-64 notary nodes) Please read this warning if you already haven't. So when do you guys expect to have the Assetchains GUI ready?
As far as I know we still haven't found a GUI dev for it. We are looking for him though! Anyone interested join #komodo in SuperNET slack or send a message contact@komodoplatform.com |
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Important info about our roadmap!Where can I see the KOMODO roadmap? Invested 0.5btc
We try to cover some of that in our third article we publish this week. ~ 2 weeks after ICO you can make Zcash anonymous payments and we will have notary nodes notarizing Komodo blockchain to Bitcoin's blockchain, i.e. bitcoin protection. We will also be securing our fiat pegged assets with dPoW, which are now being tested in the testnet. The short term roadmap is to find all the bugs and deliver all the features we have talked about: EasyDEX, PAX1, Assetchains. Another job is to encourage people to run custom notary nodes that are used to notarize the block hashes of 3rd party blockchains to Komodo. We want to get as many blockchains to use dPoW as possible. The best thing is, that all it requires is some code changes (can be done in 1 day), and a softfork. There is really no limit of how many blockchains could use Komodo to get bitcoin level protection. All this will take time & effort... but if we are talking about the roadmap beyond these features, then I'll just quote jl777: Beyond assetchains, there will be smart chains which are special purpose blockchains that implement a dapp. think of it like an ASIC that does one thing and only one thing, vs a CPU that is running and OS and doing many things at once. We expect this to be a very popular way to utilize blockchain tech and the isolation it provides combined with efficiency that is further secured by dPoW will hopefully make a good demand for KMD.
After smartchains jl777 is also looking to develop 'virtualchains', which are smartchains without any physical nodes. What we are looking to do, is use DEX & dPoW to make blockchains scalable. A quote from jl777: Using the iguana loosely coupled bitcoin compatible blockchains, effective tx/sec can be scaled up to very large levels just by creating many special purpose blockchains and connecting them together in a hierarchy. This type of capacity increase is for after the basic single chain, but the power of the atomic cross chain swap is more than for just doing DEX
Another quote from jl777: one of the key smartchains I want to do is a hierarchical smartchain. that is where N smartchains all connect to each other in a hierarchy, with atomic swaps to connect to each other. each of these related smart chains will be denominated in the same coin, ie EUR... by being able to specify an arbitrary hierarchy topology, ANY level of scaling can be achieved as we know blockchains can handle ~100 tx per minute, so if 100x that capacity is needed, just make 100 smartchains and connect them together. No magic required. being single purpose, each smartchain only needs to store data related to itself.
We also have PAX2 and InstantDEX - PAX2 will basically create a decentralized forex market, where you can short PAX currencies and receive interest by balancing the market. - InstantDEX has the same backend as EasyDEX, but it is made for traders. It is a fully featured trading environment. No GUI team has been assigned to this task yet.
Whats up with the komodoplatform website?
It says im banned from the site.
Is that just me, or anyone else having the same issue?
Are you still having problems? No one else has reported any such problems to us. ICO ends this weekend, any news on coin distribution and exchange where we can trade it.
We will distribute the coins ~2 weeks after the ICO. We cannot promise if / when the exchanges list us, you will have to ask them! We have informed them about us.
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this coin will end up....NOWHERE like all the rest of their "projects"
Why do you say that? Everything is pretty much working in our testnet: - dPoW (we make notarizations to bitcoin blockchain) - PAX pegged assets (being tested, could be some bugs, but works) - Decentralized cross-chain exchange (GUI not ready, but we have made atomic swaps from a command line) - Zcash anonymous transactions are working - 5% APR is working (but its the newest addition and is still being tested, debugged) - You can install Iguana multiwallet and sync multible blockchain at the same time (warning: for advanced users only at this point, next major release ~2 weeks after ICO) We have already delivered, and the ICO is still going on. It just takes a bit longer to fix all the bugs and get installers ready. However, we are ahead of schedule and the development speed has been enormous during the whole ICO. Thanks for asking though, hopefully this cleared everything about the state of our project! |
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Further details about 5% APR
Usually staking requires one or even two transactions per staking, mostly to just get a fraction of a coin, and this has to be done every block. However with KMD the interest is accrued automatically and you can collect it as early as one hour.
How to earn the interest?
Do nothing, you are earning it all the time.
How to collect the interest?
Just send funds and it will automatically add the interest.
How to check your interest?
You can see the accumulated interest rate from the GUI. However more technically speaking you can use 'listunspent', 'gettxout' and 'getrawtransaction' to show the interest accrued on a per utxo basis, 'getinfo' and 'z_gettotalbalance' shows the combined interest among all your utxo
We made the 5% APR as easy to use as possible. There are no settings to turn on, no modes to active, no passwords to unlock.
Since it is not directly visible in the blockchain, the only indication it exists is via the various calls, as it accumulates at the satoshi level. You can track how the interest grows by just doing a 'getinfo' call hourly.
One technical note: in order for utxo to gain interest it needs to be at least 10 KMD, and it also needs to have nLockTime field set. By default in other coins this field is zero, but with KMD it is changed so that by doing a 'sendtoaddress' sets the nLockTime. What that means is that if somebody sends some KMD to you using komodod, it will start earning interest. To verify just make sure nLockTime is not zero.
Only people that are mining are likely to have utxo that doesn't earn interest. They would need to send it (anywhere) for it to start earning interest. So if utxo is eligible it will automatically start earning interest and to get it, just spend it.
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Grewalsatinder updates us today about Komodo's 5% APR and Komodo's GUI. With 5% APR any KMD holder can easily accumulate more coins: just keep them in your wallet and move them around once a year. It's an automated thing and doesn't require any technical skills. The 5% APR is not in Zcash, as it is a Komodo feature. The 5% APR will remain until we reach the max supply of 200M KMD. Only a fraction of the new supply goes to the miners (notary nodes mostly). Today James did some update to Komodo code to make 5% APR work in Komodo test network. It's still in pretty much in testing, and James is working on to polish it, iron it further to make sure everything works perfect. This update today allowed to query and show 5% APR interest rates through Komodo RPC API calls, and I implemented it as quickly as James announced this update. So, the latest updates on Komodo/Zcash GUIs are: - Komodo GUI shows Interest info on it's Dashboard now. - Because Zcash GUI and Komodo GUI uses common HTML/Js code to display everything similar I added further conditions to GUI backend code to display adjust and display the screens accordingly if a user views Komodo GUI, and Zcash GUI. Interest Rates info will only show under Komodo GUI, and not in Zcash GUI, as it's Komodo feature. - An error check is added to Komodo/Zcash GUI, in case user doesn't have Komodo or Zcash wallet/daemon running on their machines which connects to iguana, and EasyDEX-GUI, the error shows approriate hints and instrucions to help users to solve that issue. - Also fixed a few GUI bugs, - One was not switching between Komodo and Zcash when clicked on different wallet GUI. Like if first clicked on Komodo, and then clicked on Zcash in sidebar, Zcash screen was still using Komodo API calls. Now, it's fixed with this update, and uses appropirate API calls as GUI screens changes. - Another minor update fixed hiding and showing appropirate sections when Komodo/Zcash GUIs are switched screens. It was showing previously opened GUI's screen, with old data. With this update, it hides/shows appropriate screens and refreshes the data. Zcash GUI showing error handling for unable to connect to Zcash External Wallet or daemon.  Komodo Screen showing Interest Rates APR info.  Zcash GUI showing same view as before, without interest rates info 
Usually staking requires one or even two transactions per staking, mostly to just get a fraction of a coin, and this has to be done every block. However with KMD the interest is accrued automatically and you can collect it as early as one hour. How to earn the interest?
Do nothing, you are earning it all the time. How to collect the interest?
Just send funds and it will automatically add the interest. How to check your interest?
You can see the accumulated interest rate from the GUI. However more technically speaking you can use 'listunspent', 'gettxout' and 'getrawtransaction' to show the interest accrued on a per utxo basis, 'getinfo' and 'z_gettotalbalance' shows the combined interest among all your utxo We made the 5% APR as easy to use as possible. There are no settings to turn on, no modes to active, no passwords to unlock. Since it is not directly visible in the blockchain, the only indication it exists is via the various calls, as it accumulates at the satoshi level. You can track how the interest grows by just doing a 'getinfo' call hourly. One technical note: in order for utxo to gain interest it needs to be at least 10 KMD, and it also needs to have nLockTime field set. By default in other coins this field is zero, but with KMD it is changed so that by doing a 'sendtoaddress' sets the nLockTime. What that means is that if somebody sends some KMD to you using komodod, it will start earning interest. To verify just make sure nLockTime is not zero. Only people that are mining are likely to have utxo that doesn't earn interest. They would need to send it (anywhere) for it to start earning interest. So if utxo is eligible it will automatically start earning interest and to get it, just spend it. |
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Awesome but what is the pay rate? Thanks.
It depends on a lot of things, we cannot give any uniform pay rate. That's why we asked everyone to include a salary requirement. |
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Looking for work? Join our team!In few days we know our budget, and after that we can make some choices about who we hire. More funding of course means faster development with bigger team. If you have been thinking about sending us an application, please don't wait, go ahead and send it! Who are we?We are a horizontally structured organization that is working on open source technology. We want to create long term solutions for crypto, and we see fiat as our competitor - not other crypto projects. Thus we are looking to cooperate and contribute, rather than compete. Let's help the entire industry and there won't be any limits to our growth potential. Our community comes from all over the world, and we would like to employ people from all over the world. No formal education is needed, or asked. Who we need?- project managers - GUI devs - testers for command line API - windows build specialists - C devs Our roadmap is huge, and with the low level technology we developed it is possible to create all short of things on top. When we launch/soon after launch we will have: - working dPoW - PAX1 - EasyDEX - Assetchains (command line) What we will be doing afterwards (at least): - PAX2 - InstantDEX (fully featured trading environment for traders) GUI - Assetchains GUI - smartchains, and beyond There are tons of projects to manage, test and develop. If you are interested, please send a message to contact@komodoplatform.com - provide some basic info about what you have done before / what are you capabilities - current understanding about our platform - whatever you are looking for a full-time or part-time job - salary requirement Please note though that even though we have raised a considerable amount of money our budgets will be quite limited. The dPoW implementation requires a lot of capital alone, and due to the scale of the project we need to have a large team. We want to stay conservative with our budget use, as we plan to be here for a long time. Recently jl777 also stated that he is looking for someone to start working on a assetchains GUI: Now assetchains are nearing completion, it would be good if there was someone working on a GUI to manage the creation of new chains. Plz post in #komodo if you are available to work on such a GUI, it would likely end up being a page in satinder’s iguana GUI. The main function I see in the GUI is “create chain” and it needs at a minimum a name, pubkeys of notarizers, supply. Once a chain is started, then other nodes can use the generated iguana code to connect to it or run another mining node. We also need someone to automate the creation of explorers. Here's what jl777 said: If you are able to do GUI and some systems work (ie. automate creation of explorers) contact me. This is a paid task, just not sure how much work it will be so the first step is to get a qualified person to assess the amount of work it is If you need further information just join our Slack and ask in #komodo We hope to get tons of applications into our inbox! Best regards, Komodo Team
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I have also invested some bitcoin in komodo however i am feeling sad to know i have to have BTCD local wallet to get assets and KMD on swap or i am wrong? Please help me and if there is any guide what should we do to take profit when KMD will be listed in exchanger?  You can hold your BTCD in a exchange and swap. However, to get the REVS asset you should keep it in a local wallet, so that you get the private keys. If you have further questions let us know! |
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Will be Komodo competing with Waves? Feels like it will have some of same functions.
They aren't directly competing, each has its strengths. waves uses centralized order matching and proxy tokens easyDEX uses distributed order matching and native DEX, ie. no intermediate token → former will be faster, latter has no abstraction layers Both systems will coexist and complement each other. |
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Will it be possible to switch BTCD into KMD on polo or other exchanges?
If they list KMD, then it would be possible to sell BTCD & buy KMD. However it will be much easier to just send your BTCD and swap it. You can send it to us even from an exchange, and then you can specify where you want us to send the KMD to (and that could be a deposit address of an exchange). If you want to also get the REVS asset, then you must hold the BTCD in a local wallet until we do the snapshot, then export the privatekey, and afterwards you can use that privatekey to redeem the asset. |
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Will the BTCD swap start before or after coins were distributed and trading pairs on exchanges were established?
Before. It's important thaat the BTCD holders can also vote. Simple timetable: - ICO ends on Nov 20th - BTCD blockchain snapshot for REV asset - BTCD->KMD Swap begins - KMD redeem & vote - KMD distribution to all investors (BTC&BTCD) |
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Komodo platform is going to be watched and talked about in the coming weeks with its initial release of tokens and more importantly how it would fair once its market open. Say dumpers will initially lower the price but its only temporary. Full potential of Komodo will be in 1 to 2 years time.
I would say next 3-6 months not 1-2 years. Yes, it took ~2 years to develop the Iguana backend and with that jl777 solved many complex problems. We are definitely not starting from scratch, but rather near the finish line  Now we pretty much have a working DEX with fiat assets (PAX). There's still a lot of work to do as GUIs aren't 100% finished, and there's always some bugs to fix. Both of these services will also get a 2.0 version later on, but even their initial releases (EasyDEX & PAX1) will be huge achievement for us and crypto. Those aren't even the only features, as we also have a multiwallet (without proxy tokens) and an ability to create assets/coins in minutes. With that we are looking to bring all our SuperNET assets to their own chains, so that they can be stored in Iguana wallet and traded in EasyDEX (against BTC, EUR, USD). The next months will definitely be interesting! Can't wait  |
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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. |
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Update your calculators!
35% bonus: 500 BTC
30% bonus: 0 BTC
25% bonus: 980 BTC
20% bonus: 606.84 BTC
15% bonus: 286.70 BTC
10% bonus: 38.18 BTC
5% bonus: 21.34 BTC
0% bonus: ?
Based on the current situation:
- Komodo market cap: $8,000,000
- Komodo coin price: 0.08 USD/KMD
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