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Author Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B  (Read 1186555 times)
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December 26, 2016, 10:34:01 AM
 #3221

BTCD is creeping up on Polonex, although still mainly in the .0036 to .0041 range on low volume.  But at least a big buyer with bids at .0036.  There really are no big sellers on the ask size with more than 1 BTC worth until you get to .0043 and then just 1.75 BTC worth.

But difficult to draw many conclusions with volume so low.  I am loaded up on BTCD though and ready for the snapshot and then the swap.
No doubt KMD swap will push up BTCD price.Why kmd opt to promote BTCD?
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December 26, 2016, 11:37:32 AM
 #3222

BTCD up 18% on Poloniex with some big buys.  Even at current price of .042, you still get 12,011 KMD after the swap for 1 BTC worth.  That is 55% more than the 7746 you would have gotten in the ICO.

I am buying more BTCD myself..seems like low risk at this level.
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December 26, 2016, 12:34:06 PM
 #3223

I see 1 btc worth btcd is about 14k kmd, so buy kmd to sawp is better than btc investment? And we need to withdraw them? The date of snapshot?

Yes, that is what the math currently says. We will announce the date for the snapshot when we know it.

The swap will happen through our ICO site.
I think you guys just caught my attention and I'm willing to swap the BTCD for KMD. But I know how cos I never do such thing before. How much in BTC is 1BTCD? With 1BTCD how many KMD will I get? When will I have the interest/the time the deal will end? Thanks

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December 26, 2016, 12:43:22 PM
 #3224

BTCD up 18% on Poloniex with some big buys.  Even at current price of .042, you still get 12,011 KMD after the swap for 1 BTC worth.  That is 55% more than the 7746 you would have gotten in the ICO.

I am buying more BTCD myself..seems like low risk at this level.
i bought 27 btcd on polo yesterday and it shot the price up by 5.69%. I only bought it to lower my avg kmd price when btcd-kmd exchange opens
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December 26, 2016, 02:24:00 PM
 #3225

sendrawtransaction bobdeposit.(d718cb497827841a7fd775d7c0e10c7c0125c12b789fc750a8e84477c553a3ba)

sendrawtransaction bobpayment.(5cadd2cc494e70192acef947bfa7aa570ed23b4f3baa686c5b83e5f5f6a570cf)

sendrawtransaction bobspend.(35b3cda4509a6f81584d9fe638d288898e3d2fc801dc298497be404c46f121eb)

sendrawtransaction bobrefund.(329d8ba52d25bf4bcd46d47b976d85bfcbba4feafdc91194900228ff08561de4)

sendrawtransaction alicespend.(aa82ebd1c5bd2a9e19214cbc959df1745378676fddfd6f4903930ac16485c7ae)

tl:dr yes, above is BTC <-> KMD atomic cross chain swap

It uses notary nodes for the ordebook/bulletin board.still many combinations to validate and LP configuration to expand, but the hard part is now working in at least the mainstream case


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December 26, 2016, 03:49:29 PM
 #3226

BTCD is creeping up on Polonex, although still mainly in the .0036 to .0041 range on low volume.  But at least a big buyer with bids at .0036.  There really are no big sellers on the ask size with more than 1 BTC worth until you get to .0043 and then just 1.75 BTC worth.

But difficult to draw many conclusions with volume so low.  I am loaded up on BTCD though and ready for the snapshot and then the swap.
No doubt KMD swap will push up BTCD price.Why kmd opt to promote BTCD?


Basically, KMD is replacing BTCD. Soon, BTCD will have no devs, as they will be turning all their attention to KMD, and no future. The current offering allows BTCD holders to move easily to the new technology, KMD.

Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time. Thomas A. Edison
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December 26, 2016, 04:21:43 PM
 #3227

BTCD is creeping up on Polonex, although still mainly in the .0036 to .0041 range on low volume.  But at least a big buyer with bids at .0036.  There really are no big sellers on the ask size with more than 1 BTC worth until you get to .0043 and then just 1.75 BTC worth.

But difficult to draw many conclusions with volume so low.  I am loaded up on BTCD though and ready for the snapshot and then the swap.
No doubt KMD swap will push up BTCD price.Why kmd opt to promote BTCD?


Basically, KMD is replacing BTCD. Soon, BTCD will have no devs, as they will be turning all their attention to KMD, and no future. The current offering allows BTCD holders to move easily to the new technology, KMD.

BTCD holders only will also get the new asset.
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December 26, 2016, 05:47:19 PM
 #3228

Sorry that i pushed the BTCD price on Polo the last two days a little bit Undecided

1 -> 50 looks too nice  Kiss
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December 26, 2016, 07:43:06 PM
Last edit: December 26, 2016, 08:02:43 PM by tclo
 #3229

I see 1 btc worth btcd is about 14k kmd, so buy kmd to sawp is better than btc investment? And we need to withdraw them? The date of snapshot?

Yes, that is what the math currently says. We will announce the date for the snapshot when we know it.

The swap will happen through our ICO site.
I think you guys just caught my attention and I'm willing to swap the BTCD for KMD. But I know how cos I never do such thing before. How much in BTC is 1BTCD? With 1BTCD how many KMD will I get? When will I have the interest/the time the deal will end? Thanks

Read the last two pages of the thread and I did a big breakdown on the swap values.  But quickly, it is 50.5588 KMD per 1 BTCD.  And the price of BTCD can be found on Poloniex.  Take 1 and divide it by the price and will tell you how many BTCD you get for 1 BTC.  Right now it is 243.4.  So you are essentially getting 12301.6 KMD per BTC spent right now.   It was just 7746 with the ICO.

But you better buy soon because price has been going up on there. Look at the chart if you don't believe me.
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December 26, 2016, 07:44:55 PM
 #3230

Sorry that i pushed the BTCD price on Polo the last two days a little bit Undecided

1 -> 50 looks too nice  Kiss

Yes me too. You and I probably jacked up the price a bit, but seems like more and more buyers are getting involved and at least the volume is a little better.

But I don't expect it to really ramp up until they announce the snapshot and then the the swap begin date.  Remember the swap will happen for a year, but if you have your BTCD on snapshot date, then you get that additional REVS asset.  I see it as a free bonus, so I went ahead and bought most all my BTCD already.  

Here is the recap from Komodo developers.  I know this is reposted a lot, but we have new people coming to the thread all the time and it's helpful to them:

"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 26, 2016, 09:19:16 PM
 #3231

New update from boogieman!

Quote from: boogieman
Iguana Update #17

If you have been good kids during the year, Santa will bring you an Iguana application on your device on the New Year Eve. But you were not. )

We have first Windows and Chrome versions of the Iguana app, they are in test now and are more likely to be ready for a public beta after NY night.

I wish this progress report were not on the official Iguana promo site yet, that's why I asked the Old Laplandian to put the Iguana site along as the new SuperNET site with downloadable applications under the tree. 

Thu GUI
We have completed all features allocated for 0.2 and now busy with closing blockers and solving light issues

Mind, that the GUI will be in 0.xx state until we have all wallet and now exchange essential features onboard and working. 
Even though we have already applied a bulk of tests, which will make 0.2 version the first properly tested version, more bug reports from users and community testers are expected.  More details you will find in 0.2 release notes.



Chrome App
Iguana multi-cryptocurrency & blockchain light app is ready to be published on Chrome Store.  Now it is available to SuperNET testers only. So do not rush to install it to your browsers. Soon we will announce when it will be open to public.



Windows App
As we decided to bundle wallet features with Easy-Dex features and Komodo daemon, there some issues with building a fully and properly working desktop application.
Yesterday, I gave a quick test to a Windows x64 version. I downloaded the files, launched the Iguana app and created a Komodo wallet.  Soon I will give a  better personal test to all the wallet and exchange features and implemented settings.



Mac App
Tests are showing that the app stops after a short running, no issues causing that discovered yet, but we have Komodo daemon working on MacOS.


Web Hosted  App
Iguana promo site will have its functionality in a demo mode. We just need to wait for some security checks to start mounting it.

Resume
The day when the world will witness Iguana is inevitably approaching. )


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December 26, 2016, 09:30:32 PM
 #3232

Iguana App Update #17.

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December 27, 2016, 09:47:07 AM
 #3233

I think most have missed the fact that this native DEX based ecosystem already solves the scaling problem as overall capacity can be increased just by spawning new blockchains. native DEX can then allow tokens to flow between the chains based on market price or 1:1 pegs or pricefeeds.

This whould be a killer, IMO.  I hope there would be good documentation on how to do this, so, say, I would be able to create zero-knowledge token, pegged to a local currency and instantly available on DEX.
./komodod -ac_name=YOURTOKEN -ac_supply=1000000 -gen
./komodod -ac_name=YOURTOKEN -ac_supply=1000000

do the above command line on two different nodes. The -gen node will mine 100 blocks. At that point, the blocks are on-demand so if no tx, then no blocks. You will be able to DEX YOURTOKEN based on the YOURTOKEN name.

We will need to have some way to resolve name collisions, but if the ac_name and ac_supply are the same, it is the same chain.

Would be there a name conflict is `ac_name` is the same, but `ac_supply` is different?

Any ideas about making name squatting expensive?

the above command line autogenerates genesis, etc. and issues 1 million YOURTOKEN coins. it is zero-knowledge enabled. however the fiat pegging is limited to the pax fiat chains. It requires a decentralized gateway and notary nodes, so not something that can be a standalone assetchain

Will be there more docs on that?

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December 27, 2016, 10:34:24 AM
 #3234

I think most have missed the fact that this native DEX based ecosystem already solves the scaling problem as overall capacity can be increased just by spawning new blockchains. native DEX can then allow tokens to flow between the chains based on market price or 1:1 pegs or pricefeeds.

This whould be a killer, IMO.  I hope there would be good documentation on how to do this, so, say, I would be able to create zero-knowledge token, pegged to a local currency and instantly available on DEX.
./komodod -ac_name=YOURTOKEN -ac_supply=1000000 -gen
./komodod -ac_name=YOURTOKEN -ac_supply=1000000

do the above command line on two different nodes. The -gen node will mine 100 blocks. At that point, the blocks are on-demand so if no tx, then no blocks. You will be able to DEX YOURTOKEN based on the YOURTOKEN name.

We will need to have some way to resolve name collisions, but if the ac_name and ac_supply are the same, it is the same chain.

Would be there a name conflict is `ac_name` is the same, but `ac_supply` is different?

Any ideas about making name squatting expensive?

the above command line autogenerates genesis, etc. and issues 1 million YOURTOKEN coins. it is zero-knowledge enabled. however the fiat pegging is limited to the pax fiat chains. It requires a decentralized gateway and notary nodes, so not something that can be a standalone assetchain

Will be there more docs on that?
I submitted a first draft on pax whitepaper, but not sure its status

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December 27, 2016, 11:32:50 AM
 #3235

I think most have missed the fact that this native DEX based ecosystem already solves the scaling problem as overall capacity can be increased just by spawning new blockchains. native DEX can then allow tokens to flow between the chains based on market price or 1:1 pegs or pricefeeds.

This whould be a killer, IMO.  I hope there would be good documentation on how to do this, so, say, I would be able to create zero-knowledge token, pegged to a local currency and instantly available on DEX.
./komodod -ac_name=YOURTOKEN -ac_supply=1000000 -gen
./komodod -ac_name=YOURTOKEN -ac_supply=1000000

do the above command line on two different nodes. The -gen node will mine 100 blocks. At that point, the blocks are on-demand so if no tx, then no blocks. You will be able to DEX YOURTOKEN based on the YOURTOKEN name.

We will need to have some way to resolve name collisions, but if the ac_name and ac_supply are the same, it is the same chain.

Would be there a name conflict is `ac_name` is the same, but `ac_supply` is different?

Any ideas about making name squatting expensive?

the above command line autogenerates genesis, etc. and issues 1 million YOURTOKEN coins. it is zero-knowledge enabled. however the fiat pegging is limited to the pax fiat chains. It requires a decentralized gateway and notary nodes, so not something that can be a standalone assetchain

Will be there more docs on that?
I submitted a first draft on pax whitepaper, but not sure its status

We plan to release it around / after the time we distribute KMD!

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December 27, 2016, 11:50:46 AM
 #3236

I think we will be distributed KMD coins after January , 2017.
We are waiting for that time. I must be patient on it.


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December 27, 2016, 03:31:47 PM
 #3237

So when is the swap?
January 2017?

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December 27, 2016, 04:09:44 PM
 #3238

So when is the swap?
January 2017?

Yes, it looks like it won't begin before that. Anyway it will definitely happen in January. The KMD distribution will happen about 3 weeks from that.

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December 27, 2016, 04:13:30 PM
 #3239

New update from boogieman!

Quote from: boogieman
Iguana Update #17

If you have been good kids during the year, Santa will bring you an Iguana application on your device on the New Year Eve. But you were not. )

We have first Windows and Chrome versions of the Iguana app, they are in test now and are more likely to be ready for a public beta after NY night.

I wish this progress report were not on the official Iguana promo site yet, that's why I asked the Old Laplandian to put the Iguana site along as the new SuperNET site with downloadable applications under the tree. 

Thu GUI
We have completed all features allocated for 0.2 and now busy with closing blockers and solving light issues

Mind, that the GUI will be in 0.xx state until we have all wallet and now exchange essential features onboard and working. 
Even though we have already applied a bulk of tests, which will make 0.2 version the first properly tested version, more bug reports from users and community testers are expected.  More details you will find in 0.2 release notes.



Chrome App
Iguana multi-cryptocurrency & blockchain light app is ready to be published on Chrome Store.  Now it is available to SuperNET testers only. So do not rush to install it to your browsers. Soon we will announce when it will be open to public.



Windows App
As we decided to bundle wallet features with Easy-Dex features and Komodo daemon, there some issues with building a fully and properly working desktop application.
Yesterday, I gave a quick test to a Windows x64 version. I downloaded the files, launched the Iguana app and created a Komodo wallet.  Soon I will give a  better personal test to all the wallet and exchange features and implemented settings.



Mac App
Tests are showing that the app stops after a short running, no issues causing that discovered yet, but we have Komodo daemon working on MacOS.


Web Hosted  App
Iguana promo site will have its functionality in a demo mode. We just need to wait for some security checks to start mounting it.

Resume
The day when the world will witness Iguana is inevitably approaching. )



Awesome GUI, no wonder this GUI is so fantastic, because the UI designers are great guys, with best vision design style
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December 27, 2016, 10:29:37 PM
 #3240

Komodo has a lot of anticipation can't wait for its release just gotta keep reminding myself to be patient 2017 will be very interesting for this coin
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