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Author Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B  (Read 1146889 times)
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January 13, 2017, 11:47:21 PM
 #3821

To vote for notaries, does btcd have to be swapped before deadline. Also, is the deadline time based on btt forum time?

For utmost surety it should be swapped before the deadline.

Time zone is UTC
https://www.timeanddate.com/worldclock/timezone/utc
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January 13, 2017, 11:52:22 PM
 #3822

To vote for notaries, does btcd have to be swapped before deadline. Also, is the deadline time based on btt forum time?

For utmost surety it should be swapped before the deadline.

Time zone is UTC
https://www.timeanddate.com/worldclock/timezone/utc

Thanks, just to get the timing right, how long before btcd stakes can be spent? I want to try and stake up to the last hour, but don't want to be caught with unspendable coins that can't be sent. Is it 8 hours? If so can stop staking 8.1 hours fromdeadline and leave some time to send btcd to komodo website.
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January 14, 2017, 12:06:21 AM
 #3823

33,3% of BTCD supply has been swapped through ICO website so far.

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January 14, 2017, 12:07:41 AM
 #3824

Is the voting based on how many KMD you have or one person one vote basis?

1 coin = 1 vote
Total coin holdings available for each region
Vote for 1 candidate per region.
Distribution of coins will not be equal among all regions obviously,wouldn't it be a tough for some regions candidate and fairly easy for other to get elected?
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January 14, 2017, 12:09:36 AM
 #3825

To vote for notaries, does btcd have to be swapped before deadline. Also, is the deadline time based on btt forum time?

For utmost surety it should be swapped before the deadline.

Time zone is UTC
https://www.timeanddate.com/worldclock/timezone/utc

Thanks, just to get the timing right, how long before btcd stakes can be spent? I want to try and stake up to the last hour, but don't want to be caught with unspendable coins that can't be sent. Is it 8 hours? If so can stop staking 8.1 hours fromdeadline and leave some time to send btcd to komodo website.
there is not much point to staking till the last moment
the conversion rate is being adjusted to compensate for the staking, ie it is reducing at 5% per year. only if you havent staked in a while and have a lot of coinage to catch up does it make sense to be staking during the conversion week

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January 14, 2017, 12:10:35 AM
 #3826

Is the voting based on how many KMD you have or one person one vote basis?

1 coin = 1 vote
Total coin holdings available for each region
Vote for 1 candidate per region.
Distribution of coins will not be equal among all regions obviously,wouldn't it be a tough for some regions candidate and fairly easy for other to get elected?
yes, but the way to view it is that there are 4 independent elections
this ensures that no single geographic area would dominate the notary nodes

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January 14, 2017, 12:37:55 AM
 #3827

What is Komodo? by BitcoinRush!!


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January 14, 2017, 12:57:15 AM
 #3828

The swap rate 1:50 will decrese for a maximum of 5% i am right?

Ok, but why this rate is so fixed? It should be more variable? I mean, 1 year from now the price of btcd may fall near 0, is a coin that is no more supported. so 6 month from people could buy btcd and may get the 1000% more of komod. Is this fair?

That's why if you have any free BTC it would be a really good idea to set some BTCD buying orders at very low prices.


Sorry, i don´t get it. Does it mean all BTC investors are "f##+ up" because BTCD investors get xxx% more?

It's been known before ICO started that one can invest BTC or buy BTCD and swap it. It was always up to investors what option to choose.

Yes, I can confirm this is true. Prior to the ICO beginning it was publicly known you could use BTC or BTCD to get KMD.

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January 14, 2017, 01:18:21 AM
 #3829

hey guys!

what are plans for going on exchanges? Already approval by poloniex?

thanks
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January 14, 2017, 01:21:18 AM
 #3830

The reason why BTCD is better value vs BTC is due to people underselling themselves. If the market were to price BTCD correctly then you would see the price as 0.0065.





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January 14, 2017, 01:53:12 AM
 #3831

Hi Guys, When the voting starts, could you list all the steps so that people don't have to ask too many questions.
The voting procedure should be very simple.

                        Wink
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January 14, 2017, 02:12:16 AM
 #3832

Hi Guys, When the voting starts, could you list all the steps so that people don't have to ask too many questions.
The voting procedure should be very simple.

                        Wink

Basically you pick 1 person in the 4 regions and click submit.





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January 14, 2017, 02:44:52 AM
Last edit: January 15, 2017, 10:37:29 AM by rnr
 #3833


Team Komodo Ninja

provide you Candidates Overview (Google Maps)  

Notary Node Elections 2016: North America - click here -












Please retweet/follow at


 
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January 14, 2017, 03:14:39 AM
 #3834

K just double checking this in order to get REVS I either need to move BTCD to my private wallet or do the swap on the ico site before the snapshot date (when) but I can swap anytime after the snapshot for one year I just wont receive REVS

Exactly.

And we recommend to do the swap today if you want to get REVS, as there is no exact time for the snapshot. It will happen tomorrow at some point.

To vote for notaries, does btcd have to be swapped before deadline. Also, is the deadline time based on btt forum time?

For utmost surety it should be swapped before the deadline.

Time zone is UTC
https://www.timeanddate.com/worldclock/timezone/utc

Thanks, just to get the timing right, how long before btcd stakes can be spent? I want to try and stake up to the last hour, but don't want to be caught with unspendable coins that can't be sent. Is it 8 hours? If so can stop staking 8.1 hours fromdeadline and leave some time to send btcd to komodo website.

You don't gain anything by staking as the BTCD swap rate is decreasing every day to account for the 5 % staking reward. So if you stake BTCD for 6 months and swap you would still receive the same amount as if you swapped today.

Hi Guys, When the voting starts, could you list all the steps so that people don't have to ask too many questions.
The voting procedure should be very simple.

                        Wink

The process is very straight forward, but sure we can post some explanation about it.

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January 14, 2017, 05:14:41 AM
 #3835

Iguana GUI Update #19

Quote from: boogieman
I'm glad to announce that we are about to release another version of the GUI, yet still beta.

It took us more than two months to bring in new changes and features together, so now users will have an almost completed Iguana wallet. Why almost? Because the main features already work in the both modes (Iguana and coind) without detectable flaws and to make it complete we need to cover UX issues, such progress bars, additional confirmation or negative cases messages, and polish the flow of acquiring users from nonIguana wallets to Iguana (point-of-sales).

I have a big personal wish to start using Iguana as a multi-coin wallet for my crypto coins, as recently I have lost a sum using a competitive app because of a bug or fraudulent transaction. Let's consider it a cost of competitive market analysis), but that's not a great deal, as I gain much more.

So in this update, I will not disclose all the details of the release, as we are just a few bugs away to merge to the main repo and all information will be published in release notes by the mid of the next week. Now keep patient and read the brief summary for the latest period of progress since the last release.

1. UX/UI
 - We upgraded create/login a wallet screens, gave them more neatness, user-friendliness and sexiness.
 - Made Iguana responsible for mobile, tablet, and full desktop screens sizes.
 - Added new features with some awesome UX solution, that cuts users efforts to one or two clicks.

2. Features
 - As Full Nodes require from users some pre-setting tweaks, we added simple onboarding\getting started guide, which will be improved to prevent all possible risks of users refusals.
 - Added Terms of Use disclaimer. Despite Iguana is still in beta, from now on we are bearing the responsibility of users financial risks.
 - Implemented unique fee settings feature with dynamic values.
 - Injected interactive animations for processing and updates, though many cooler GUI processing and UX animations are in the pipeline.

3. Extra
 - More coins to be supported.
 - More fiats as a reference currency.
 - More negative use cases covered.
 - Applied unit tests and performed partially automated tests, thus detected bugs and closed them.
 - Implement Gulp for build automation for Angular.
 - Reviewed and closed security issues.

4. Applications
 - There are also few bugs left to have Windows, Mac and Linux applications released. If the guys kill the bugs by the time we close the final issues, the release will  - contain desktop applications.
 - Chrome app is published for inner testing and will not be released this time, as we need to make 100% sure all security issues related to Chrome sensitiveness are covered.

5. Next
 - Tasks for 0.3 are already in design and coding phases.
 - The specification is being updated with recent changes since the last time of creation in Autumn.
 - The roadmap is being designed along with my requirements gathering for already stated features. Doing it parallels.
 - EasyDex integration into Iguana platform has started and will be at full speed once we have desktop application stable.

Confused about the GUIs?

We have two separate GUI projects: 1) Iguana multiwallet GUI, 2) EasyDEX GUI

Together we refer to them as Iguana desktop app, or simply Iguana.

The Iguana desktop app is the easy installer built with Electron. It still have few bugs so we haven't published it publicly. From the desktop app you can launch both the multiwallet and EasyDEX. Inside EasyDEX you can access full native Komodo wallet where you can do private transactions too. The multiwallet supports only transparent transactions.

The future plan is to integrate these two GUI projects together, but for now they are somewhat separate things.

We are very much looking forward to that day when we can share the easy GUI installers with you guys! Shouldn't take too long! Smiley

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topesis
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January 14, 2017, 05:31:08 AM
 #3836

I want to ask if this wallet release is now save for use, because I was told their was a bug in the one available last year.
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January 14, 2017, 05:41:50 AM
 #3837

I want to ask if this wallet release is now save for use, because I was told their was a bug in the one available last year.

We have not released a wallet yet,  there was no wallet available for the public last year.
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January 14, 2017, 05:45:32 AM
 #3838

I want to ask if this wallet release is now save for use, because I was told their was a bug in the one available last year.

Yes, the wallets have been available for use for some time now, but they have been in an alpha/beta stage and the installation process is hard.

Once we make the official release with the easy installer it will be safe to use. The point is that the Komodo investors could move/use their money after the KMD is distributed. It is always the safes option to store the coins under your own control.

◈▣ 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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January 14, 2017, 05:46:34 AM
 #3839

I want to ask if this wallet release is now save for use, because I was told their was a bug in the one available last year.

We have not released a wallet yet,  there was no wallet available for the public last year.

At least the Iguana multiwallet has made some alpha releases, and some EasyDEX GUI installers have been shared on our Slack.

But yes, no official release yet that would be meant for real use.

◈▣ KOMODO ● Set Your Ideas Free ▣◈
.......AECOSYSTEFONATIVE BLOCKCHAINS.......
Blockchain Generator | Decentralized Crowdfunding | Decentralized Exchange | Bitcoin Security | Zero-Knowledge Proofs | Blockchain Interoperability | Scalable Infrastructure
topesis
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January 14, 2017, 06:02:13 AM
 #3840

I want to ask if this wallet release is now save for use, because I was told their was a bug in the one available last year.

Yes, the wallets have been available for use for some time now, but they have been in an alpha/beta stage and the installation process is hard.

Once we make the official release with the easy installer it will be safe to use. The point is that the Komodo investors could move/use their money after the KMD is distributed. It is always the safes option to store the coins under your own control.


Thanks for the reply, I hope KMD tokens will be available on exchanges after the January 31 distribution date. The has been longer than I expect
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