- 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
Komodo Explorer KPX: explorer.komodoplatform.com
ICO started on October 15th, 3PM UTC
25 % bonus ended on October 17th, 3PM UTC
20 % bonus ended on October 23rd, 3PM UTC
15 % bonus ended on October 30th, 3PM UTC
10 % bonus ended on November 6th, 3PM UTC
5 % bonus ended on November 13th, 3PM UTC
ICO ended on November 20th, 3PM UTC
In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August.Average price in Aug = 0.00354716 BTC/BTCD
BTCD exchange rate = 0.00354716 * 1.5 = 0.00532074 BTC/BTCD
-> BTCD's are worth ~6846 BTC in the ICO [1 286 654 BTCD × 0.00532074 BTC/BTCD]
BTCD can be sent to our ICO site and then swapped for KMD. This feature is under construction, and we will announce when it's ready.
Oct. 15 - 25% bonus
Oct. 16-22 - 20% bonus
Oct. 23-29 - 15% bonus
Oct. 30-Nov 5 - 10% bonus
Nov 6-12 - 5% bonus
Nov 13-20 - 0% bonus
Another bonus system was established to counter the dilution the BTC bonus system would have for BTCD investors. The bonus is calculated by applying the average bonus the BTC investors got to the swap rate.
Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This would bring the BTCD swap rate to 0.005852.
10 million Komodo coins are reserved for development, advisers and bounties.
90 million Komodo coins will be distributed to those who participated in the ICO either with BTC or later with BTCD via the swap procedure. In other words, some percentage will go to those who invested with BTC and the remaining portion to those who will swap their BTCD to KMD after the ICO.
We have created a spread sheet where you can calculate different scenarios about how much KMD one bitcoin would buy or how much you would receive in a BTCD swap.Download the file into your own computer!
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: 200.97 BTC
The following exchange rates were calculated after the ICO:
1 BTC = 7746,521995 KMD
1 BTCD = 50,42041779 KMDKomodo Has Been Born!Komodo ICO: Questions and AnswersThe Silent Progress of Deep TechQ & A: Komodo DevelopmentQ & A: SuperNET, Iguana, and the Role of KomodoNotary Node ElectionsKomodo: Zcash PoW with dPoW Consensus MechanismKomodo GUI (Graphic User Interface) UpdateA Guide to Better Understand KomodoBitcoin Will Ride With LizardsKomodo Marketing Update: Building the GroundworkWhy Vote on The Komodo Notary Node ElectionsKomodo Testnet LaunchBasilisk mode in testingIguana syncs with Zcash testnet and Komodo testnet Bitcoin backstop protection on KomodoIguana's relationship with KomodoNotary network and BasiliskNotary nodes and notarization protectionProgress through bugfixingNode Network and the Notary Node Election ProblemAtomic Cross Chain SwapsWho Created the Komodo Block? Komodo's capacity for transparent and private transactionsNotary mining wars – and how to avoid themAssetchain Alpha ReleasedPoW Notary Node Debugging Notarized Data is Written to BTC BlockchainThe dPoW Development To Do List A Testnet Notary Node Development Report A successfull 5 way signed notary tx Iguana Notary Dapp Creates A Notarized TX A Working API Call for Notary TX Creation dPoW progress report dPoW Progress Report: It Is Working! How to Implement 5% APR Paxprice RPC Added to Komodod New ‘Assetchains’ Version With Fiat Assetchains We May Have A Mainnet Komodo’s dPoW & fiat redeems are workingUnexpected Difficulty Explosion DrillPAX: the First Implementation Of A Decentralized Gateway Decentralized Broadcasting Service Powered By Notary Nodes Last Few Weeks of Development Until Launch Tradebots Update – Predicting the Future Price Coins Are Ready For Distribution #1 Newsletter
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If you are interested about joining our team send us a message to firstname.lastname@example.org
. Getting hired requires active participation and involvement. Currently we are cautious of hiring more people due to budgeting issues and future uncertainty.
The skills we are potentially looking for:
- project managers
- GUI devs
- testers for command line API
- windows build specialists
- C devsFrenchRussianGermanPortugueseChineseSpanish
Visit our press pagehttps://bitcointalk.org/index.php?topic=1659890.0In a central exchange:
we will inform the major exchanges about Komodo, but we cannot know when and if they will list us.In a decentralized exchange:
We are working hard so you could trade your precious KMD coins without any counterparty risk. But we cannot promise any specific date for this. We have however successfully conducted an atomic swap. For more info read our EasyDEX whitepaper
.A complete SWAP + snapshot explanation
I'll try to clear out all the uncertainty & misunderstandings
We try to swap all BTCD there exist throughout 1 full year. If someone has BTCD it can be swapped, no matter when it is bought. You could buy BTCD 6 months from now and swap it for KMD.
BTCD Snapshot to get REVS
- The snapshot is not related to BTCD swap.
- The snapshot is to get an additional asset called REVS.
- The privatekeys are used to redeem the asset.
- The snapshot has not happened yet!
- to participate the BTCD can be stored either in a BTCD address under your control, or in our ICO site
BTCD Swap to get KMD
- has nothing to do with the snapshot
- is done through the ICO site
- lasts 1 full year
- swapped BTCD ends up to our account, where it is publicly visible (nothing will happen to the swapped BTCD)
- hopefully every single BTCD coin will get swapped during the year
If you buy BTCD it can be swapped at any time. To also receive the REVS asset you need to have a privatekey that contained BTCD during the snapshot. BTCD swap and snapshot are two separate things.
During the year BTCD can be swapped for KMD with the exchange rate we announced: 1 BTCD = 50.448 KMD (However the exchange rate decreases slightly throughout the year because BTCD staking expands the supply)