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Author Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B  (Read 1188168 times)
hansen.ng
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February 26, 2019, 06:46:30 PM
Last edit: February 26, 2019, 07:02:57 PM by hansen.ng
 #16961

How often I can claim my 5%/year from Ledger ? I know its once on month but its matter which day I made it or its not important ?
I mean if I claim my dpow reward 26 february its count as all february claim and I can take my next reward even 1 March and no need more in March or after take coins 26 february next time I need take after 26 march so after one month later ?? I dont want lose any coins when finally its possible take this 5% directly from ledger ! I want take all.
If you claim it on 26 february, you then add 30 days to it. So your next monthly deadline will be 28 March.

what happen if I make it few days to early or few days later ??

i asked this question a couple different ways and was mainly interested in how the time stamp affects compounding interest and what if I add new coins to the pot in the interim and so on. I got some answers that I didn't quite understand but there's some algorithm that maxes you out at 5.1% APR even if you claim interest every 10.1 kmd, like I do. So timing doesn't matter really. I have mine in Agama wallet so claim every 10-15 days bc that's when the interest = 10+ KMD.
If you have 1000 KMD for 15 days then you buy 100 kmd new coin. The 1000 KMD UTXO will already have 15 days worth interest accruing while the 100 KMD still have 30 days.
If you wait for 30 days after this, 1000 KMD UTXO will stop accruing after another 15 days ( because 15 days + 15 days = 30 days) ,
while 100 KMD UTXO will still accruing interest for another 15 days.
But when you click claim button, it will claim both the 1000 KMD UTXO and 100 KMD UTXO at the same time. Essentially resetting the time count to 0 for both UTXO sizes.
The reward will max at 5.1% Annual rate for each UTXO size.

Reward will start accruing only if the UTXO size is 10 KMD minimum. So if you buy 9 kmd from exchange and send it to wallet that already have 10 KMD.
You will have 9 KMD UTXO size and 10 KMD UTXO size in the wallet. The 9 KMD utxo size will not be accruing reward but the 10 KMD UTXO size will.
To rectify this issue, You can send the whole balance to yourself, essentially creating a 19 KMD UTXO size.
Hope this explains it better.

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hansen.ng
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February 26, 2019, 07:02:19 PM
 #16962

For anyone using the KomodoOceanqt on windows can you confirm the safest place to download?  I was going to use the agama but am more comfortable using qt wallet.  Thanks

Edit: and how do you claim interest through the qt wallet?
You can download wallet from https://komodoplatform.com/komodo-wallets/
You can claim the reward by sending the whole balance to yourself.

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February 28, 2019, 05:03:39 AM
 #16963

slight change of schedule tonight in saigon:



We would like to inform you that due to the working schedule of the attendees,
we are rescheduling our "Unblock Saigon" event this evening to 6:30pm.
The updated agenda is attached below.

We apologize for the last minute change and we hope to see you this evening!


UPDATED AGENDA:
18.30 - 19.00 Refreshments & Welcome by Asia Blockchain Review
19.00 - 19.20 "Why Build Games on Blockchains" (TomoChain)
19.20 - 19.40 "ROGUE - Proof Of Gameplay" - How Komodo uses gaming to accelerate blockchain adoption (Komodo Platform)
19.40 - 20.10 Panel Discussion: How Can Blockchain Disrupt the Gaming Sector and Potential of the Asia Market
20.10 - 20.20 Q&A
20.20 - 21.00 Networking

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March 01, 2019, 04:29:44 PM
 #16964

This probably has been discussed before, I just find myself thinking about it now and then. I'm wondering if there is a way to make KMD (the cryptocurrency) needable for the Komodo platform without undermining the team's vision. In my opinion, one of the reasons why KMD seems to lack in demand compared to other cryptocurrencies which are necessary to the well-functioning of their platform is that it's not needed. On one hand, this is somehow quite admirable, on the other, it seems to drive value out of KMD. Use cases of other comparable cryptocurrencies are: Acting as gas/fuel for transactions/smart contracts creation, offering discounts on fees based on the held amount or if paid with (I actually don't know if Barterdex does that), being regularly burnt? I don't know, I'm just trying to see if/how more value can be driven into KMD. I'm not at all belittling what Komodo has achieved, as far as I'm concerned, it's way ahead of a lot of projects and has been pioneering in a lot of fields, something just seems to be missing to give it that push that will move it to top 5 (2?) by market cap and keep it there for good.

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March 02, 2019, 03:26:55 AM
 #16965

Hello Everyone!

 - Here is the bitcointalk ANN for Komodo's  - Crypto Rogue - https://bitcointalk.org/index.php?topic=5113186.new#new

Below it, you will find this weeks update!
If you haven't had a chance, come test the game and chain with us!
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March 02, 2019, 02:51:28 PM
 #16966

This probably has been discussed before, I just find myself thinking about it now and then. I'm wondering if there is a way to make KMD (the cryptocurrency) needable for the Komodo platform without undermining the team's vision. In my opinion, one of the reasons why KMD seems to lack in demand compared to other cryptocurrencies which are necessary to the well-functioning of their platform is that it's not needed. On one hand, this is somehow quite admirable, on the other, it seems to drive value out of KMD. Use cases of other comparable cryptocurrencies are: Acting as gas/fuel for transactions/smart contracts creation, offering discounts on fees based on the held amount or if paid with (I actually don't know if Barterdex does that), being regularly burnt? I don't know, I'm just trying to see if/how more value can be driven into KMD. I'm not at all belittling what Komodo has achieved, as far as I'm concerned, it's way ahead of a lot of projects and has been pioneering in a lot of fields, something just seems to be missing to give it that push that will move it to top 5 (2?) by market cap and keep it there for good.

How do you think dPOW is paid for? When there is trading activity on BD, what pair do you think has the most volume? How about if you want rewards for the next 10-12 years? There are plenty of revenue-stream asset chains in the ecosystem that, you guessed it, get paid out in KMD.
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March 07, 2019, 01:43:28 AM
 #16967

I have just been letting what i have idle for a while now and have just come back to it all.
One thing i couldn't see anywhere was information regarding JUMBLR and the revenue sharing
can anyone point me in the direction of the latest info on that?
or has it been put on the back burner for now until other aspects are in place to make it all start to happen?
or is it just dead at the moment?
Thank you if anyone can help  Smiley
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March 07, 2019, 08:19:47 AM
 #16968

hmmm $0.94

i'm back in Smiley
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March 07, 2019, 10:26:19 AM
 #16969

This probably has been discussed before, I just find myself thinking about it now and then. I'm wondering if there is a way to make KMD (the cryptocurrency) needable for the Komodo platform without undermining the team's vision. In my opinion, one of the reasons why KMD seems to lack in demand compared to other cryptocurrencies which are necessary to the well-functioning of their platform is that it's not needed. On one hand, this is somehow quite admirable, on the other, it seems to drive value out of KMD. Use cases of other comparable cryptocurrencies are: Acting as gas/fuel for transactions/smart contracts creation, offering discounts on fees based on the held amount or if paid with (I actually don't know if Barterdex does that), being regularly burnt? I don't know, I'm just trying to see if/how more value can be driven into KMD. I'm not at all belittling what Komodo has achieved, as far as I'm concerned, it's way ahead of a lot of projects and has been pioneering in a lot of fields, something just seems to be missing to give it that push that will move it to top 5 (2?) by market cap and keep it there for good.

How do you think dPOW is paid for? When there is trading activity on BD, what pair do you think has the most volume? How about if you want rewards for the next 10-12 years? There are plenty of revenue-stream asset chains in the ecosystem that, you guessed it, get paid out in KMD.

Yep, in what you mentioned, the only thing that incentivizes hodlers would be the rewards for the next 10-12 years. dPOW, high volume and revenue on assets being paid in KMD doesn't add value to hodling KMD, or I don't see why it would. So it seems that the interest model isn't enough to participate in helping KMD realize its full potential, whereas other models seem to have more effect on the tokens powering the platforms using those models.

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March 08, 2019, 12:50:58 PM
 #16970

This probably has been discussed before, I just find myself thinking about it now and then. I'm wondering if there is a way to make KMD (the cryptocurrency) needable for the Komodo platform without undermining the team's vision. In my opinion, one of the reasons why KMD seems to lack in demand compared to other cryptocurrencies which are necessary to the well-functioning of their platform is that it's not needed. On one hand, this is somehow quite admirable, on the other, it seems to drive value out of KMD. Use cases of other comparable cryptocurrencies are: Acting as gas/fuel for transactions/smart contracts creation, offering discounts on fees based on the held amount or if paid with (I actually don't know if Barterdex does that), being regularly burnt? I don't know, I'm just trying to see if/how more value can be driven into KMD. I'm not at all belittling what Komodo has achieved, as far as I'm concerned, it's way ahead of a lot of projects and has been pioneering in a lot of fields, something just seems to be missing to give it that push that will move it to top 5 (2?) by market cap and keep it there for good.

How do you think dPOW is paid for? When there is trading activity on BD, what pair do you think has the most volume? How about if you want rewards for the next 10-12 years? There are plenty of revenue-stream asset chains in the ecosystem that, you guessed it, get paid out in KMD.

Yep, in what you mentioned, the only thing that incentivizes hodlers would be the rewards for the next 10-12 years. dPOW, high volume and revenue on assets being paid in KMD doesn't add value to hodling KMD, or I don't see why it would. So it seems that the interest model isn't enough to participate in helping KMD realize its full potential, whereas other models seem to have more effect on the tokens powering the platforms using those models.

If there is a substantial demand for KMD via DPoW ( or revenue streams )then price should go up.   The users of DPoW and the companies paying out need to get the kmd from somewhere, typically the market and they are recurring streams ) Additionally 0confirm trades via BarterDEX require KMD for deposit as well.   I would imagine in the future KMD will act as a nexus between the chains in its cluster, which gives more it more utility and reason to hold (anticipation of future personal use ) .  

Additionally MoMoM will probably have a KMD cost associated.
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March 09, 2019, 02:11:28 AM
 #16971


- If you are a dev who has contributed a lot to the ecosystem in the past, run on your record, and keep 100% of your NN rewards

- If you intend to use your NN returns to invest and support the ecosystem (e.g. PIRATE), run on that, and keep 100% of your rewards

- If you are a talented dev with time & skill, but are unknown, with no reputation, and not enough KMD/Vote to elect yourself, what are you prepared to do to get your foot in the door and get a NN spot?

- If you get elected and stay in the top30 you never need to face an election again

- If you contribute a lot to the KMD ecosystem and get a good reputation, you will get elected without revenue sharing


Next year I intend to use my Vote2020 to secure at least one NN 'business' for myself, and I think I will keep a lot more than 10% of the profits for myself.


@P-Trump just run your own notary, the optics you're creating are awful for marketing komodo

unknown devs don't need to pay for votes, they just need to explain their background

the notaries are too important for dPoW, stop being greedy
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March 09, 2019, 03:30:48 AM
 #16972

@P-Trump just run your own notary, the optics you're creating are awful for marketing komodo

unknown devs don't need to pay for votes, they just need to explain their background

the notaries are too important for dPoW, stop being greedy

P-trump is just pointing out the obvious, what sys admin wouldn't like living off easy mining NN returns for a few years without having to put up any collateral like with a DASH masternode or NEM supernode?

The problem of NN concentration and centralization where early adopters lock up multiple NN's in multiple regions is real, and the solution is community nodes, trump even tried last election to set one up.

all trump is doing is pointing out to KMD investors that they shouldn't be handing out FREE notaries to teams who aren't contributing to komodo, and there's money on the table from NN easy mining for any community pool that can collect about 1M votes

It's not rocket science, NN profits should go to community members who contribute, or KMD holders, not sys admins who might not even own any komodo and do nothing other than run a bog standard NN, and do nothing else for the community
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March 09, 2019, 03:49:10 AM
Last edit: March 09, 2019, 04:00:41 AM by fluffyPirate
 #16973

It's not rocket science, NN profits should go to community members who contribute, or KMD holders, not sys admins who might not even own any komodo and do nothing other than run a bog standard NN, and do nothing else for the community

I think you'll find running a NN smoothly 24/7 takes a lot of time and skill, and ya know, if you pay peanuts ...

Community run nodes are a good idea though, I agree with that!
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March 09, 2019, 04:24:24 AM
 #16974

I think you'll find running a NN smoothly 24/7 takes a lot of time and skill, and ya know, if you pay peanuts ...

Community run nodes are a good idea though, I agree with that!

I'm not saying running a NN is easy, but ~1500 KMD easy mining returns per month is a great income for a sys admin even at the bottom of a bear market, but what about during the next bull run when KMD reaches the next ATH?

Do the math, NN income could be +15K USD a month in a couple of years (it's almost a certainty with all the recent progress), and as long as the operator stays in the top 50% they never have to face another election, and they get to keep those profits even if they contribute nothing back to the community. They could go fully dark, do nothing extra for the community, and dump their KMD profits for Doge every month and nobody could stop them.

There's a price point for KMD above which NN profits become ridiculous for the work involved, that's why community pools are the way to go, KMD holders get the profits and have the incentive to invest back into the community.

Just hope it's not too late this year, otherwise 2020!


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March 09, 2019, 12:18:47 PM
 #16975

P-trump is just pointing out the obvious, what sys admin wouldn't like living off easy mining NN returns for a few years without having to put up any collateral like with a DASH masternode or NEM supernode?

The problem of NN concentration and centralization where early adopters lock up multiple NN's in multiple regions is real, and the solution is community nodes, trump even tried last election to set one up.

all trump is doing is pointing out to KMD investors that they shouldn't be handing out FREE notaries to teams who aren't contributing to komodo, and there's money on the table from NN easy mining for any community pool that can collect about 1M votes

It's not rocket science, NN profits should go to community members who contribute, or KMD holders, not sys admins who might not even own any komodo and do nothing other than run a bog standard NN, and do nothing else for the community

+1
Community managed notary pools using NN profits to pay for marketing and dev funding is a win:win
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March 09, 2019, 01:07:08 PM
 #16976

It's not rocket science, NN profits should go to community members who contribute, or KMD holders, not sys admins who might not even own any komodo and do nothing other than run a bog standard NN, and do nothing else for the community

I think you'll find running a NN smoothly 24/7 takes a lot of time and skill, and ya know, if you pay peanuts ...

Community run nodes are a good idea though, I agree with that!

Bear market prices make community pools un-viable, KMD price needs to x5 at least before there's enough NN profit after paying for a competent administrator to make anyone bother trying.

2019 is about survival, komodo needs 64 reliable notaries to maintain dPoW consensus. Everything else is a distraction IMO
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March 09, 2019, 01:52:03 PM
 #16977

Has the official list of 2018 notarization results been released yet, do we know which NN are in the bottom 50% and need to run in election again?

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March 09, 2019, 03:23:21 PM
 #16978

2018 vote stats - https://www.dexstats.info/votelist.php

2018 NN proposals - https://github.com/KomodoPlatform/NotaryNodes/tree/master/proposals


Nearly every candidate that publicly shared revenue got elected, likely many other candidates made private deals with whales

Community managed pools are a no-brainer, KMD voters like a share of notary profits



afaik PIRATE community is running for 2 NN, and kmdlabs testnet project is running for another NN, and I'd be very surprised if all those 3 didn't win a spot. There might be other community based projects running also, I think we'll see all the candidates posting proposals this coming week. Should be very interesting!

I remember the first election when there were less than 64 candidates, and badass hired himself out to manage 6-8 NN's for other guys, how times have changed!
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March 09, 2019, 11:11:56 PM
 #16979


afaik PIRATE community is running for 2 NN, and kmdlabs testnet project is running for another NN, and I'd be very surprised if all those 3 didn't win a spot. There might be other community based projects running also, I think we'll see all the candidates posting proposals this coming week. Should be very interesting!

I remember the first election when there were less than 64 candidates, and badass hired himself out to manage 6-8 NN's for other guys, how times have changed!


I'm going to give my VOTE to PIRATE and kmdlabs
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March 10, 2019, 02:21:15 AM
 #16980


afaik PIRATE community is running for 2 NN, and kmdlabs testnet project is running for another NN, and I'd be very surprised if all those 3 didn't win a spot. There might be other community based projects running also, I think we'll see all the candidates posting proposals this coming week. Should be very interesting!

I remember the first election when there were less than 64 candidates, and badass hired himself out to manage 6-8 NN's for other guys, how times have changed!


I'm going to give my VOTE to PIRATE and kmdlabs
I agree, we should vote for NN with long term vision. Not vote because there is a measly reward sharing to voters which doesn't improve KMD ecosystem much as a whole. Long term vision will improve value and adoption eventually price, compare to measly sharing reward which doesn't amount to much without increase value, and adoption. 

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