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Author Topic: [ANN][KMD][dPoW] Komodo - next generation platform, Secured by Bitcoin  (Read 1144202 times)
sambiohazard
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December 23, 2016, 10:49:13 PM
 #3201

oh right, totally forgot about the REV asset. I was wondering if REV asset is a one time payment for BTCD revenue sharing before conversion to KMD or is REV going to be somehow bought back increasing its value. Will there be ongoing payment for KMD holders or REV holders? Also do i get any passive income by holding KMD, like i did with BTCD with staking and revenue sharing?

KMD is a coin, it doesn't receive any dividends. However it does have 5% APR built into it, which means you will automatically receive new coins. The 5% APR stops after we reach the maximum supply in 14 years or so.

5% seems like a nice return for spending to yourself, now i have to see how much value will REV assets hold. Cheesy
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December 23, 2016, 11:08:22 PM
 #3202

 - ICO site accepts BTCD
 - 7 days after that BTCD snapshot happens & the swapping begins
 - Elections begin, and last 2 weeks
 - Elections are over, elected notary nodes will get ratified, KMD will be distributed

so by what date exactly do you need to move your btcd to the ico site to get revs?

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December 23, 2016, 11:19:30 PM
 #3203

BTCD rising quiet a bit. I guess that is a good sign for KMD investors. Might also be related to the ZEC uptick.

sambiohazard
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December 23, 2016, 11:22:20 PM
 #3204

- ICO site accepts BTCD
 - 7 days after that BTCD snapshot happens & the swapping begins
 - Elections begin, and last 2 weeks
 - Elections are over, elected notary nodes will get ratified, KMD will be distributed

so by what date exactly do you need to move your btcd to the ico site to get revs?

Get all BTCD you have in either ICO site or an address you have private key to, within 7 days of when ICO site is open for BTCD deposits. On 7th day dont move your BTCD as snapshot will be taken that day.
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December 23, 2016, 11:34:11 PM
 #3205

- ICO site accepts BTCD
 - 7 days after that BTCD snapshot happens & the swapping begins
 - Elections begin, and last 2 weeks
 - Elections are over, elected notary nodes will get ratified, KMD will be distributed

so by what date exactly do you need to move your btcd to the ico site to get revs?

Get all BTCD you have in either ICO site or an address you have private key to, within 7 days of when ICO site is open for BTCD deposits. On 7th day dont move your BTCD as snapshot will be taken that day.

So need to check when ICO site can accept btcd I see. I will check periodically. thanks.

sambiohazard
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December 23, 2016, 11:39:34 PM
 #3206

- ICO site accepts BTCD
 - 7 days after that BTCD snapshot happens & the swapping begins
 - Elections begin, and last 2 weeks
 - Elections are over, elected notary nodes will get ratified, KMD will be distributed

so by what date exactly do you need to move your btcd to the ico site to get revs?

Get all BTCD you have in either ICO site or an address you have private key to, within 7 days of when ICO site is open for BTCD deposits. On 7th day dont move your BTCD as snapshot will be taken that day.

So need to check when ICO site can accept btcd I see. I will check periodically. thanks.

I think it will be announced in this thread, so we can just keep checking this thread, that is what i do at least.
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December 23, 2016, 11:44:23 PM
 #3207

- ICO site accepts BTCD
 - 7 days after that BTCD snapshot happens & the swapping begins
 - Elections begin, and last 2 weeks
 - Elections are over, elected notary nodes will get ratified, KMD will be distributed

so by what date exactly do you need to move your btcd to the ico site to get revs?

Get all BTCD you have in either ICO site or an address you have private key to, within 7 days of when ICO site is open for BTCD deposits. On 7th day dont move your BTCD as snapshot will be taken that day.

So need to check when ICO site can accept btcd I see. I will check periodically. thanks.

I think it will be announced in this thread, so we can just keep checking this thread, that is what i do at least.

Yes I think that you are right. I read here often so I am hoping they announce here too.

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December 24, 2016, 02:34:51 AM
 #3208


I'm flabbergasted that people don't take 15 minutes or even 5 to read about the swap process. If they did they'd realize they stand to make 100% gains right from the get go if KMD maintains its intrinsic price.

What is your math for 100% gain?  KMD doesn't really have an intrinsic price right now, does it?   Except valued off the 50:1 KMD:BTCD swap value.   

I agree with you though that it's a good calculated risk here to buy BTCD at these prices.  If KMD is going to be 1/10th as successful as many of us think it will, then will definitely be a good investment for those of us who didn't get in on the ICO.

Yeah, you're right. I was basing that on the established BTC to KMD ICO price. 1 BTC worth of BTCD would buy you twice the KMD that 1 BTC did during ICO.

I did some math and does seem like you get more KMD in the end from buying BTCD at around .004 or lower than you did during the end of the ICO.

I'm not sure of the beginning of the ICO but apparently it ended on Nov 20th and BTC was $733 then.  Now BTC is about 23% higher but you get more than 23% extra KMD with BTCD right now.

If you had $10,000 worth of BTC on Nov 20th, that is $10,000/$733 = 13.6425 BTC.  At the ICO exchange rate of 7746.522 KMD/BTC, that means you would get 105,681 KMD

Right now with $10,000 worth of BTC, that is $10,000/$910 = 10.99 BTC.  Say you can somehow buy BTCD at .004 BTCD/BTC.   That is 2747.5 BTCD.   Then multiply that by swap exchange rate of approx 50 KMD per BTCD and you would have 137,375 KMD

So that is 137,375 - 105,681 = 31694 extra KMD or 30% more than if you bought on the last day of the ICO with the same amount of USD (converted to BTC).

I suppose this doesn't matter now that the opportunity of the ICO has passed, but just shows that at current BTCD prices, you are getting a great deal, relative to the ICO price.

Of course the trick is buying BTCD at a low enough price because the liquidity is very poor on Poloniex and that's about the only exchange that has any volume at all. 

I may move some more funds to Poloniex to try to buy a bit more, but I've already loaded up on quite a bit and don't want to overdo it.  I just have a good feeling about KMD though.  The anonymous crypto currencies are the future as governments crack down on Bitcoin users more and more.  XMR, ZEC, KMD all are looking good..maybe DASH too, but I don't know as much about it.
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December 24, 2016, 02:56:16 AM
 #3209

I can not see when KMD is distributed to investors. I 'm waiting for it so long.
Please tell me how to get it?
irukandji
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December 24, 2016, 03:09:27 AM
 #3210

I looked in the OP but could not see.
How do i collect my Komodo from the ICO???

Is there a link. I have the 12 words
rnr
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December 24, 2016, 03:11:37 AM
Last edit: December 24, 2016, 03:24:36 AM by rnr
 #3211

I can not see when KMD is distributed to investors. I 'm waiting for it so long.
Please tell me how to get it?

I looked in the OP but could not see.
How do i collect my Komodo from the ICO???

Is there a link. I have the 12 words

Please wait for the Mainnet launch and the claiming process. TBA.

Roadmap:

Right now devs are working on the implementation of the BTCD deposit feature into the ICO homepage. When that´s finish an announcement will ring in the possibility that the ICO site accepts BTCD.

7 days later the BTCD snapshot will happen & the swapping (BTCD > KMD) begins

Than every ICO investor (from BTCD swap AND BTC investments) will be able to vote for notary nodes within 2 weeks

Ongoing, when elections are over the elected notary nodes will get ratified AND KMD will be distributed to the investors!
jd1959
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December 24, 2016, 04:15:05 AM
 #3212

I can not see when KMD is distributed to investors. I 'm waiting for it so long.
Please tell me how to get it?

Hurry up and wait

Cheers Jon Grin

          dICO Disguised Instant Cash Out
tclo
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December 24, 2016, 08:05:54 AM
 #3213

I looked in the OP but could not see.
How do i collect my Komodo from the ICO???

Is there a link. I have the 12 words

Read the last two or three pages of this thread and all your answers are there.
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December 24, 2016, 08:13:33 AM
 #3214


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

Schedule

 - ICO site accepts BTCD
 - 7 days after that BTCD snapshot happens & the swapping begins
 - Elections begin, and last 2 weeks
 - Elections are over, elected notary nodes will get ratified, KMD will be distributed

The conclusion

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)
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December 24, 2016, 09:28:59 AM
 #3215

I have some BTCD on the bittrex exchange  I do not know how to swap it for KMD?
Please give me a short explain for this . Thank you.
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December 24, 2016, 09:40:11 AM
 #3216

Greetings. I'm in and watching. Good luck
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December 24, 2016, 10:40:33 AM
 #3217

I have some BTCD on the bittrex exchange  I do not know how to swap it for KMD?
Please give me a short explain for this . Thank you.


You can swap it when the BTCD deposit feature is enabled on our ICO site. There's more info in the post above your post.



The situation is still the same as it was before: we are waiting for this one thing. We are sorry for the situation as it has taken quite long to enable the BTCD feature on our ICO site.

As soon as we are ready to move forward we will announce it here, in our social media and via our newsletter.

◈▣ KOMODO ● Set Your Ideas Free ▣◈
.......AECOSYSTEFONATIVE BLOCKCHAINS.......
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December 24, 2016, 12:34:59 PM
 #3218

Our developer Satinder Grewal explains Komodo in his newest blog



https://www.youtube.com/watch?v=PIRzyjPF5Bs

Check it out! Smiley

◈▣ KOMODO ● Set Your Ideas Free ▣◈
.......AECOSYSTEFONATIVE BLOCKCHAINS.......
Blockchain Generator | Decentralized Crowdfunding | Decentralized Exchange | Bitcoin Security | Zero-Knowledge Proofs | Blockchain Interoperability | Scalable Infrastructure
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December 24, 2016, 12:35:42 PM
 #3219

Our developer Satinderjit Singh explains Komodo in his newest blog.








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December 24, 2016, 03:24:57 PM
 #3220

I have some BTCD on the bittrex exchange  I do not know how to swap it for KMD?
Please give me a short explain for this . Thank you.


You can swap it when the BTCD deposit feature is enabled on our ICO site. There's more info in the post above your post.



The situation is still the same as it was before: we are waiting for this one thing. We are sorry for the situation as it has taken quite long to enable the BTCD feature on our ICO site.

As soon as we are ready to move forward we will announce it here, in our social media and via our newsletter.

If someone have BTCD on bittrex than he have to move his funds to your site to swap it. You have to ask from bittrex to do swap for all BTCD holders.
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