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Author Topic: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin  (Read 649790 times)
Bank_sy
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September 01, 2016, 09:13:44 PM
 #101


BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established, meaning that if you send one BTCD you will receive 0.00532074 BTC worth of Komodo. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August.  The  swapping process will take place after the ICO and detailed information will be posted soon.

what if BTCD goes up in price above 0.0053 BTC?
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September 01, 2016, 09:14:37 PM
 #102

BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established, meaning that if you send one BTCD you will receive 0.00532074 BTC worth of Komodo. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August.  The  swapping process will take place after the ICO and detailed information will be posted soon.

If you are a BTCD holder, keep an eye on the BTCD thread. Tomorrow we will post more information there, such as what does this mean for BTCD.

Is BTCD swapped for Komodo eligible for early bird bonuses too?

BTCD will be swapped at the end of the ICO, so it is not eligible for any further bonuses.
WTF. That's messed up.

BTCD holders will benefit from Komodo. The revenue share that was promised won't go over to Komodo holders, but instead BTCD holders will get an asset.

So as a BTCD holder you get both: Komodo coins and a new asset entitled to the revenue share.

The BTCD price has been trading below 0.00532074.

More details tomorrow on the BitcoinDark thread. You can also join our slack channel #btcd

Be happy dear BTCD holders!  Cool



Do I get it right? BTCD holders have 3 options:

1) invest in ICO for the equivilant value of of 1.0 BTCD to 0.00532074 BTC.
2) wait till after the ICO ends to swap to Komodo for an yet to be announced exchange rate.
3) just keep BTCD


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September 01, 2016, 09:14:57 PM
 #103

So, credit for owning BTCD and then a swap for new coins as well?
pugilist555
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September 01, 2016, 09:17:09 PM
 #104


BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established, meaning that if you send one BTCD you will receive 0.00532074 BTC worth of Komodo. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August.  The  swapping process will take place after the ICO and detailed information will be posted soon.

what if BTCD goes up in price above 0.0053 BTC?

Then dont buy.

Just a quick calculation. If i buy now at 400k sats then technically I am getting a 33% bonus by swapping. You have just capped the price of btc to 425k sats

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KomodoPlatform
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September 01, 2016, 09:18:21 PM
 #105

BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established, meaning that if you send one BTCD you will receive 0.00532074 BTC worth of Komodo. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August.  The  swapping process will take place after the ICO and detailed information will be posted soon.

If you are a BTCD holder, keep an eye on the BTCD thread. Tomorrow we will post more information there, such as what does this mean for BTCD.

Is BTCD swapped for Komodo eligible for early bird bonuses too?

BTCD will be swapped at the end of the ICO, so it is not eligible for any further bonuses.
WTF. That's messed up.

BTCD holders will benefit from Komodo. The revenue share that was promised won't go over to Komodo holders, but instead BTCD holders will get an asset.

So as a BTCD holder you get both: Komodo coins and a new asset entitled to the revenue share.

The BTCD price has been trading below 0.00532074.

More details tomorrow on the BitcoinDark thread. You can also join our slack channel #btcd

Be happy dear BTCD holders!  Cool



Do I get it right? BTCD holders have 3 options:

1) invest in ICO for the equivilant value of of 1.0 BTCD to 0.00532074 BTC.
2) wait till after the ICO ends to swap to Komodo for an yet to be announced exchange rate.
3) just keep BTCD



You cannot swap for Komodo until the snapshot has been made.

First there is the snapshot -> you get a new asset
after you can swap your BTCD to Komodo (you have one year to do this) -> you get Komodo coins

You get both, and you should absolutely swap, there is nothing to lose

Hope this is clear now for everyone!

pugilist555
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September 01, 2016, 09:19:47 PM
 #106

Suggestion

The btcd price went to 580k sats so its unfair on anyone who bought between swap Price and highest price.

Instead of average you should take the highest price so you are not technically betraying any btcd investors.

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BigCat45
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September 01, 2016, 09:21:03 PM
 #107


BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established, meaning that if you send one BTCD you will receive 0.00532074 BTC worth of Komodo. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August.  The  swapping process will take place after the ICO and detailed information will be posted soon.

what if BTCD goes up in price above 0.0053 BTC?

Then dont buy.

Just a quick calculation. If i buy now at 400k sats then technically I am getting a 33% bonus by swapping. You have just capped the price of btc to 425k sats
Exactly, with 0.00532074 - 25% bounus = 0.004
Current market price.

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September 01, 2016, 09:21:13 PM
 #108

Quote
BTCD holders will benefit from Komodo. The revenue share that was promised won't go over to Komodo holders, but instead BTCD holders will get an asset.




this part i dont understand

The nodes will generate transaction fees while processing them through bitcoin network. At least this is what I understood. And I'm right, this is really an interesting idea and should definetly entertain it.

We are once again in a period of searching and creating the most anonymous coin. This could be the one. However the required funds to run this operation should be too much and I guess you won't be able to achiev it if you can't at least collect a minimum number.

Anyway, always appericiate the new ideas. I might hop in with my friends on day one if you guys keep up your professionalsim until the start of the ICO.

Good luck.
Thank you for being the first to notice the significance of dPoW
It combines the best aspects of the currently known consensus methods.

PoS for energy efficiency
elected nodes that represent the stakeholders to ensure timely blocks (and also they will automatically stake for all addresses)
and bitcoin PoW for the strongest security possible

the "d" is for delayed. You dont benefit from the bitcoin protection until the corresponding blockhash is notarized and on the bitcoin blockchain. Plus there is alignment delays between the two chains. And expensive txfees will need to be paid for the bitcoin notary tx, they are like supersized multisig tx

In the meantime, a time tested NXT style PoS algo is used by a set of notaries that were elected using a bitshares style voting.

So you can see that I am open to all the best tech ideas across all of crypto.

All of this to secure the best privacy tech known to mankind: zcash zero knowledge proofs

James

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September 01, 2016, 09:21:51 PM
 #109

Suggestion

The btcd price went to 580k sats so its unfair on anyone who bought between swap Price and highest price.

Instead of average you should take the highest price so you are not technically betraying any btcd investors.
This guy gets it.

Both posts were spot on.

BTC: 1K9atu5zgz7izCMAynk5adBJ8Qn2YgS6nT
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September 01, 2016, 09:24:10 PM
 #110

so the snapshot is as of august 31st?
right after ICO closes,likely mid november

http://www.digitalcatallaxy.com/report2015.html
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September 01, 2016, 09:24:41 PM
 #111

So only btcd swappers are elegible for all the promised supernet revenues?
btcd holders at the end of the ICO

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
MarketMagic
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September 01, 2016, 09:25:09 PM
 #112

What is the situation for BTCD holders? How is this not abandonment?

I was wondering the same thing, is this essentially replacing it? Plus, out of interest how many ICOs has jl777 launched over the years?
this is actually my first coin ANN

I did do SuperNET 2 years ago along with NXT assets, but over the last year I havent even issued any assets that I can think of.



Are you part of the WAVES project?

https://bitcointalk.org/index.php?topic=1387944.msg14102621#msg14102621

Interesting...
Might need to contact 99designs.com and transition from that Microsoft Word logo to something a little more sexy though Wink
Who are the NXT developers involved in WAVES?
Hm  I find it sexy enough Smiley
devs involved: JL777, Kushti.  I'm the project leader, Coinomat at NXTforum.

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September 01, 2016, 09:27:08 PM
 #113

What is the situation for BTCD holders? How is this not abandonment?

I was wondering the same thing, is this essentially replacing it? Plus, out of interest how many ICOs has jl777 launched over the years?
this is actually my first coin ANN

I did do SuperNET 2 years ago along with NXT assets, but over the last year I havent even issued any assets that I can think of.



Are you part of the WAVES project?

https://bitcointalk.org/index.php?topic=1387944.msg14102621#msg14102621

Interesting...
Might need to contact 99designs.com and transition from that Microsoft Word logo to something a little more sexy though Wink
Who are the NXT developers involved in WAVES?
Hm  I find it sexy enough Smiley
devs involved: JL777, Kushti.  I'm the project leader, Coinomat at NXTforum.
Advisor to an ICO is a lot different than conducting one
I have helped on countless projects, mostly behind the scenes

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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September 01, 2016, 09:33:10 PM
 #114

Just one sincere thing James:

I understand that you cannot value BTCD at X10 of current prices for the ico, but the value of 0.0053 seems to me too low. Lots of people have trust in you all this time, buying lots of BTCD upper that level, and I think they deserve a bigger reward from you.

I'm not telling to value BTCD at X10, but the current valuation is too low.

Always remember the ones who have been loyal and benefit them, that's a key rule in finance man...
Thefrolly
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September 01, 2016, 09:35:33 PM
 #115

Just one sincere thing James:

I understand that you cannot value BTCD at X10 of current prices for the ico, but the value of 0.0053 seems to me too low. Lots of people have trust in you all this time, buying lots of BTCD upper that level, and I think they deserve a bigger reward from you.

I'm not telling to value BTCD at X10, but the current valuation is too low.

Always remember the ones who have been loyal and benefit them, that's a key rule in finance man...

but why would anyone invest in btc than?

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mig5000
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September 01, 2016, 09:36:52 PM
 #116

Have been kicked out of the slack after holding this coin for 2 years b/c I stated this was a money grab and scammy behaviour. Well done James
VultureFund
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September 01, 2016, 09:40:28 PM
 #117

Just one sincere thing James:

I understand that you cannot value BTCD at X10 of current prices for the ico, but the value of 0.0053 seems to me too low. Lots of people have trust in you all this time, buying lots of BTCD upper that level, and I think they deserve a bigger reward from you.

I'm not telling to value BTCD at X10, but the current valuation is too low.

Always remember the ones who have been loyal and benefit them, that's a key rule in finance man...

but why would anyone invest in btc than?

If you value BTCD at 0.01 you'll get almost the same BTC's and you'll have most of BTCD holders much more happy than they're now.

Myself, I was planning a BTCD at 20-30 M $ valuation in a year with iguana coming, but this changes everything...

Don't know what to say man... broken plans... Huh
BigCat45
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September 01, 2016, 09:47:01 PM
 #118

Just one sincere thing James:

I understand that you cannot value BTCD at X10 of current prices for the ico, but the value of 0.0053 seems to me too low. Lots of people have trust in you all this time, buying lots of BTCD upper that level, and I think they deserve a bigger reward from you.

I'm not telling to value BTCD at X10, but the current valuation is too low.

Always remember the ones who have been loyal and benefit them, that's a key rule in finance man...

but why would anyone invest in btc than?

If you value BTCD at 0.01 you'll get almost the same BTC's and you'll have most of BTCD holders much more happy than they're now.

Myself, I was planning a BTCD at 20-30 M $ valuation in a year with iguana coming, but this changes everything...

Don't know what to say man... broken plans... Huh

That's the thing. We have all being waiting for iguana which was so close, I have invested some funds way above 0.004 hoping that when your job is finally done it would be worth much more. So what do I get now? Looks like I should have staid off. Not complaining, your projects always returned me some cash, but to promise something for months and then when almost everything is ready to say we will only buy it at the current price, no more then that,  .....

kryptopojken
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September 01, 2016, 09:50:39 PM
 #119

Just one sincere thing James:

I understand that you cannot value BTCD at X10 of current prices for the ico, but the value of 0.0053 seems to me too low. Lots of people have trust in you all this time, buying lots of BTCD upper that level, and I think they deserve a bigger reward from you.

I'm not telling to value BTCD at X10, but the current valuation is too low.

Always remember the ones who have been loyal and benefit them, that's a key rule in finance man...

but why would anyone invest in btc than?

If you value BTCD at 0.01 you'll get almost the same BTC's and you'll have most of BTCD holders much more happy than they're now.

Myself, I was planning a BTCD at 20-30 M $ valuation in a year with iguana coming, but this changes everything...

Don't know what to say man... broken plans... Huh

That's the thing. We have all being waiting for iguana which was so close, I have invested some funds way above 0.004 hoping that when your job is finally done it would be worth much more. So what do I get now? Looks like I should have staid off. Not complaining, your projects always returned me some cash, but to promise something for months and then when almost everything is ready to say we will only buy it at the current price, no more then that,  .....


completely agree with this
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September 01, 2016, 10:02:55 PM
 #120

Time for BTCDC
(Bitcoindark Classic)

Fuck it
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