[ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B

[jl777]

marketmaker is slightly profitable with an effective purchase price of 10962 sats for ~1400 KMD purchased

that is the combined net results.

total trade volume is about 17000 KMD
effective profits at current price level of about 85 KMD

this is after about 10 hours, but was buggy until the last few hours. it seems possible that it could clear 5% to 10% per month, but that is when it is the only instance running. with competition, the total returns will of course be lower

will this be a revenue source for the tradebots(nxtcoinsco) asset?

The house marketmaker profits (if any) would indeed be tradebots revenue source. That part is a bit speculative, however all of the DEX fees it generates will be flowing back as a percentage of the DEX revenues. That part is simply a percentage of overal, so even if there isnt large amounts of profits from this as long as there are a large number/volume of trades it will indeed generate Tradebots (BOTS assetchain) revenues.

Still too early to make any estimates as to revenue levels, I am just taking one step at a time and making each step as good as I can make it

30 trades already, so it does seem to trade quite a bit

[1715083234]

1715083234

[1715083234]

1715083234

[jl777]

experimenting with multiple lotsizes, so now the spread is even tighter at 0.2%
and there are higher lotsizes available at higher spreads

I expect this setup will actually make a bit of profits while still maintaining super low bid/ask spread

unless some problems are found on this side of the DEX marketmaker, I think it is good enough for the DEX side to plug into.

I also made it so you can have all the parameters in the command line invocation with argv[1] being a stringified JSON object. As new exchanges are supported, more and more DEX market makers can be deployed for more and more coins, all providing liquidity into the native iguana DEX

[holydarkness]

Hi, I wanted to transfer from my ico to bittrex but the bittrex took a very long time generating my KMD address (about half an hour now). Did anyone have the same issue when they generate a new address for kmd in bittrex?

[dox-ua]

Hi, I wanted to transfer from my ico to bittrex but the bittrex took a very long time generating my KMD address (about half an hour now). Did anyone have the same issue when they generate a new address for kmd in bittrex?

the same situation, forced to generate it at cryptopia 

[yassin54]

How to mine KMD? CryptoCompare published a complete guide.

https://www.cryptocompare.com/mining/guides/how-to-mine-komodo-with-cpu-and-gpu-pool/

Twitter : https://twitter.com/KomodoPlatform/status/833722031510319105

Reddit : https://www.reddit.com/r/komodoplatform/comments/5v5nfy/how_to_mine_kmd_cryptocompare_published_a/

Facebook : https://www.facebook.com/KomodoPlatform/posts/413129065700337

News SuperNET : http://news.supernet.org/posts/dCn8vJxxCNW6wrs3t/how-to-mine-kmd-cryptocompare-published-a-complete-guide

[Alao]

I think we are going to be stuck in holding patten for a while. There are some large holders of this coin. Is there a way to look at the rich list?

[hansen.ng]

I think we are going to be stuck in holding patten for a while. There are some large holders of this coin. Is there a way to look at the rich list?

That's the thing, most of the KMDs are in the wallet earning interest. There is maybe about 1% of KMD out there being traded in exchanges. We have to think of a better way to gain wider acceptance and popularity , maybe get Andreas Antonopoulos to write a book about KMD. OR if anybody can write a book about KMD (mastering KMD)  and publish it on Amazon .  So far there are books about bitcoin , and ethereum. Just an Idea.

[PondSea]

I think we are going to be stuck in holding patten for a while. There are some large holders of this coin. Is there a way to look at the rich list?

That's the thing, most of the KMDs are in the wallet earning interest. There is maybe about 1% of KMD out there being traded in exchanges. We have to think of a better way to gain wider acceptance and popularity , maybe get Andreas Antonopoulos to write a book about KMD. OR if anybody can write a book about KMD (mastering KMD)  and publish it on Amazon .  So far there are books about bitcoin , and ethereum. Just an Idea.

What would publishing a book on KMD achieve?

[dolores12]

  i see buy walls with ico money!!! hmmm from 40 btc buy support ..30+ are from ico funds....pathetic...as ico withdraws proceed price will crash....and combined with btc rally .... ico investors will lose big....

[mankeen]

Does the price will rise dramatically or remains so between 10-12 cents?

[PondSea]

i see buy walls with ico money!!! hmmm from 40 btc buy support ..30+ are from ico funds....pathetic...as ico withdraws proceed price will crash....and combined with btc rally .... ico investors will lose big....

Where can i get some of them drugs you are smoking?

[veneg]

Just ignore

[handalou]

i see buy walls with ico money!!! hmmm from 40 btc buy support ..30+ are from ico funds....pathetic...as ico withdraws proceed price will crash....and combined with btc rally .... ico investors will lose big....

Where can i get some of them drugs you are smoking?

oh big mister pondsea, you the wise man of the wisest. must not aske ~ the tings dolores taking in is not 4 smoke ~ hard ~  

~ignore the evil not veritas truth - veneg fake master the badest VIII~    for evil i sent

[talikila]

experimenting with multiple lotsizes, so now the spread is even tighter at 0.2%
and there are higher lotsizes available at higher spreads

I expect this setup will actually make a bit of profits while still maintaining super low bid/ask spread

unless some problems are found on this side of the DEX marketmaker, I think it is good enough for the DEX side to plug into.

I also made it so you can have all the parameters in the command line invocation with argv[1] being a stringified JSON object. As new exchanges are supported, more and more DEX market makers can be deployed for more and more coins, all providing liquidity into the native iguana DEX

it is nice to hear your notice. KMD will hit 0.0003btc in March ,2017. I just have bought some KMD because it's under ICO price.
This is a good chance to keep more cheap KMDs for long time.

[veneg]

experimenting with multiple lotsizes, so now the spread is even tighter at 0.2%
and there are higher lotsizes available at higher spreads

I expect this setup will actually make a bit of profits while still maintaining super low bid/ask spread

unless some problems are found on this side of the DEX marketmaker, I think it is good enough for the DEX side to plug into.

I also made it so you can have all the parameters in the command line invocation with argv[1] being a stringified JSON object. As new exchanges are supported, more and more DEX market makers can be deployed for more and more coins, all providing liquidity into the native iguana DEX

it is nice to hear your notice. KMD will hit 0.0003btc in March ,2017. I just have bought some KMD because it's under ICO price.
This is a good chance to keep more cheap KMDs for long time.

I feel the same like Golem,and after this period will be Poloniex.Price will spike again on June with Supernet meetup.Hodl

[KomodoPlatform]

3rdstryker asked on Slack what we have been up to. Here's a quick summary:

- marketing team is building back-links to supernet.org
- website team is building a new homepage, then roadmap, then team page
- content team is writing, article about Zcoin/Zcash coming, and then there's couple updates lined up about Iguana market making, Iguana roadmap, and recent team hires
- James made some new DEX API that will make the basilisk mode faster, and its implementation delayed the new release
- Iguana GUI team is trying to get the new release out that will fix a lot of the bugs users are having. It might also have the PAX assets there
- Vanbreuk is working on the NXT asset -> Komodo assetchain gateway
- ca333 is working on a surprise which we will announce once it's wrapped into a nice package

Vanbreuk made a follow up:

Now pending on a custom piece of coding to use Iguana in Basilisk mode for Nxt > komodo redeems
James will finish it once his current work stage in DEX is done.

We are looking forward of sharing more updates and finally getting the new Iguana release out with more features!

[zahra4577]

Hi, I wanted to transfer from my ico to bittrex but the bittrex took a very long time generating my KMD address (about half an hour now). Did anyone have the same issue when they generate a new address for kmd in bittrex?

I assume by ICO you mean kmd
stored in your ico dashboard.If that is the case,can we move our kmd from ICO dashboard to exchange directly?
Can someone please elaborate on the procedure?

[hansen.ng]

I think we are going to be stuck in holding patten for a while. There are some large holders of this coin. Is there a way to look at the rich list?

That's the thing, most of the KMDs are in the wallet earning interest. There is maybe about 1% of KMD out there being traded in exchanges. We have to think of a better way to gain wider acceptance and popularity , maybe get Andreas Antonopoulos to write a book about KMD. OR if anybody can write a book about KMD (mastering KMD)  and publish it on Amazon .  So far there are books about bitcoin , and ethereum. Just an Idea.

What would publishing a book on KMD achieve?

Good Question. By riding the waves of Bitcoin popularity using keyword such as " bitcoin" and "Cryptocurrency" on amazon ebook and utilizing title such as " Why KMD will be the next Bitcoin and better?" and publishing the ebook for free on amazon. The book will rise in sales rank. At least everybody on this community can use their amazon account to download the free book to help jump start the Amazon best seller rank on the book. (Also writing review and maybe even added it the Amazon wishlist).  Just for info,  currently the book "Mastering Bitcoin" rank 27512 on amazon best seller rank in books category, so that's really good. ( Considering books category has millions of titles).
Also maybe using affiliate marketing. (if somebody bought KMD through the link, the referrer will get a few KMDs.) This is an old trick to launch product. But this is just a thought, of course.

[yassin54]

Cryptocurrency Market Making - How To Build A Liquid Decentralized Exchange.

https://supernet.org/en/resources/updates/cryptocurrency-market-making-how-to-build-a-liquid-decentralized-exchange

Twitter : https://twitter.com/KomodoPlatform/status/834012920891719680

Reddit : https://www.reddit.com/r/komodoplatform/comments/5vb5jh/cryptocurrency_market_making_how_to_build_a/

Facebook : https://www.facebook.com/KomodoPlatform/photos/a.330322533980991.1073741828.321638648182713/413443812335529/?type=3&theater

News SuperNET : http://news.supernet.org/posts/mEBaNSxv9S2FRsP6k/cryptocurrency-market-making-how-to-build-a-liquid

[Alao]

Cryptocurrency Market Making - How To Build A Liquid Decentralized Exchange.

https://supernet.org/en/resources/updates/cryptocurrency-market-making-how-to-build-a-liquid-decentralized-exchange

Twitter : https://twitter.com/KomodoPlatform/status/834012920891719680

Reddit : https://www.reddit.com/r/komodoplatform/comments/5vb5jh/cryptocurrency_market_making_how_to_build_a/

Facebook : https://www.facebook.com/KomodoPlatform/photos/a.330322533980991.1073741828.321638648182713/413443812335529/?type=3&theater

News SuperNET : http://news.supernet.org/posts/mEBaNSxv9S2FRsP6k/cryptocurrency-market-making-how-to-build-a-liquid

So will this be part of the  iguana core? Also will you be able to market make other currencies on Bittrex? Maybe polinex when KMD trades on it?