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Author Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B  (Read 1155573 times)
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March 10, 2017, 02:27:03 PM
 #6801

I am new to Komodo, can anyone give me an explanation how the interest model in Komodo works and how interest can be claimed? Thanks!

Interest = 5% APR

Info:
https://supernet.org/en/resources/articles/receive-free-coins-quaranteed-kmd-interest


I am still on the original KMD address. According the article I need to move to another address before I start getting the 5% APR? Also, needs to move it once a year?

Thanks,
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March 10, 2017, 03:50:08 PM
 #6802

I am new to Komodo, can anyone give me an explanation how the interest model in Komodo works and how interest can be claimed? Thanks!

Interest = 5% APR

Info:
https://supernet.org/en/resources/articles/receive-free-coins-quaranteed-kmd-interest


I am still on the original KMD address. According the article I need to move to another address before I start getting the 5% APR? Also, needs to move it once a year?

Thanks,

There's actually one mistake in the article: you don't need to move them to get interest - you get interest all the time.

They must be only moved once a year, as the interest will stop accumulating after 12 months.

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March 10, 2017, 04:05:00 PM
 #6803

...

what does it mean $ stable? I don't want KMD to be stable lol, i want volatility to the upside.

It means you can transfer KMD into USD automatically & instantly. The decentralized price feed is maintained by the notary node network, raw prices come from European Central Bank & Bitcoin exchange APIs. A new raw price point is being recorded to Komodo blockchain by the notary node that finds the new block.

White paper incoming, currently final editing is being done.

I've been in the exodus.io slack channel, they are doing a good job, but if there's something that I learn there is that you can't add a ton of cryptos to a multicurrency wallet without expecting to have tons of problems and bugs. You have to take the slow but steady approach, first add the most used coins and expand from there. If not, ask the jaxx.io guys why they ended up taking out monero because of the problems that users were experiencing. You can't just open to the public a multicurrency wallet with lots of cryptos that are buggy, what kind of approach you guys will take? Slow but steady? or all currencies the first release of the wallet and lots of work for problems solving..?

Dev, any thoughts on this? Thanks.

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March 10, 2017, 04:07:09 PM
 #6804

I am new to Komodo, can anyone give me an explanation how the interest model in Komodo works and how interest can be claimed? Thanks!

Interest = 5% APR

Info:
https://supernet.org/en/resources/articles/receive-free-coins-quaranteed-kmd-interest


I am still on the original KMD address. According the article I need to move to another address before I start getting the 5% APR? Also, needs to move it once a year?

Thanks,

There's actually one mistake in the article: you don't need to move them to get interest - you get interest all the time.

They must be only moved once a year, as the interest will stop accumulating after 12 months.

One more question on move once a year. Does it needs send to a new address or can it be the same address?

Thanks for your time.
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March 10, 2017, 04:12:58 PM
 #6805

What about the price? it's too cheap I do not understand why it is under ICO price?
I have known that this is a new technology and it's better than the other altcoins and it has got a strong and technical team but it's very disappointing.
I feel sorry for this KMD.

No , just only bitcoin increasing so almost altcoins are being down but I still buy cheap KMD when it's down and that is long term investment .
Time will prove what I said here.
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March 10, 2017, 05:19:26 PM
 #6806

I am new to Komodo, can anyone give me an explanation how the interest model in Komodo works and how interest can be claimed? Thanks!

Interest = 5% APR

Info:
https://supernet.org/en/resources/articles/receive-free-coins-quaranteed-kmd-interest


I am still on the original KMD address. According the article I need to move to another address before I start getting the 5% APR? Also, needs to move it once a year?

Thanks,

There's actually one mistake in the article: you don't need to move them to get interest - you get interest all the time.

They must be only moved once a year, as the interest will stop accumulating after 12 months.

One more question on move once a year. Does it needs send to a new address or can it be the same address?

Thanks for your time.

You can just send it to the same address.

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March 10, 2017, 05:44:41 PM
 #6807

...

what does it mean $ stable? I don't want KMD to be stable lol, i want volatility to the upside.

It means you can transfer KMD into USD automatically & instantly. The decentralized price feed is maintained by the notary node network, raw prices come from European Central Bank & Bitcoin exchange APIs. A new raw price point is being recorded to Komodo blockchain by the notary node that finds the new block.

White paper incoming, currently final editing is being done.

I've been in the exodus.io slack channel, they are doing a good job, but if there's something that I learn there is that you can't add a ton of cryptos to a multicurrency wallet without expecting to have tons of problems and bugs. You have to take the slow but steady approach, first add the most used coins and expand from there. If not, ask the jaxx.io guys why they ended up taking out monero because of the problems that users were experiencing. You can't just open to the public a multicurrency wallet with lots of cryptos that are buggy, what kind of approach you guys will take? Slow but steady? or all currencies the first release of the wallet and lots of work for problems solving..?

Dev, any thoughts on this? Thanks.

I invested in KMD, i hope my investment is still viable dev. But as you are evading my questions... i can only hope.

I'm a professional Spanish translator. Projects like WePower, Envion, Atlant, etc. Among others... are part of my portfolio. Hire me or sign me up as a bounty participant for your project!
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March 10, 2017, 06:34:19 PM
 #6808

I am new to Komodo, can anyone give me an explanation how the interest model in Komodo works and how interest can be claimed? Thanks!

Interest = 5% APR

Info:
https://supernet.org/en/resources/articles/receive-free-coins-quaranteed-kmd-interest


Thanks. I am using the Iguana wallet, and honestly I don't like it too much. I have to use my passphrase every time to log in. Can you recommend a better light wallet?
But anyway, I just made a transaction to myself to see if the receive interest works. I'm not sure. Send 100 KMD to my address with a 0.005 fee. Strangely enough my account was only charged 0.001 fee. Also when funds arrived back I did not receive any interest- Should be 5%/year = 0.013%/day.
I am very confused and also hope anyone can recommend a nicer wallet than Iguana.

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March 10, 2017, 06:42:26 PM
 #6809

14th batch payment sent.

1af39a74be410324d8b4577309f5b505e78ff1eafa190e70e701731652727028
341.29719958 <- expected amount RTG2uSvYLnoxtxFeZJDFq2yPEqDvhTHhk2
e0ffec14caed1a08244f833d99aa5ffa0e823880b01815af027dff1b7220ba3a
177091.93551966 <- expected amount RD486qQaD85849AdDPH3Xy3iyppuvxDZYf
9ab88b8e716f3501905a388f06f5945ee053cfb96461838ea78dbe5cab7369a0
10744.59269420 <- expected amount RHy56MTg74v8AY1Eo2RgbohbMbdHjUDN47
50c6e1350d26b0a9273d333685811afc6552dbadedeefa55bdec8c28f809b433
885.02977777 <- expected amount RC8jWr1QQsRyo1pDkue8AxGs58Wyz4F3wZ
bebbaa848c47bf4f767ef999ef8921048a092034c2595ac715f3ae57c27f6662
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52c70110b63da61dba6b1ec0655626d683b302d7e2803b56f23423a5c1c85684
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212102.44577315 <- expected amount RTJXwRhuAH9iyztyuRuGC8G7DamTgSMGvT
a23dae07f93bcbf9863a0f16418874c99f3bc9088e649359f5e53468198a6041
10486.02744190 <- expected amount RPEpkD8hNeLC4eJTM3VZvem43nnbVpaetZ
64e7b1dfa3e29145e618930973dd999123941982f3ead789b1aaf4aba508730d
693.08132289 <- expected amount RHJ55iWUQNbKcSn8shbv1RbGuip3RSRHFv
050efcb2eb650ff0ee0aed44b85613050fab7846bee43a9cf104abc6bd335d11
3389.10337281 <- expected amount RJxAyUaeV87C1evoXNPSV8qVeKygSQk4Do
d5938a6142daba3e2d57dacbe367ef9d38f3f590c26e3e34ef57a5f531c0a37e
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5ad2ad6dbc232d7f794c1ae040c32b488cf7d2cd5cd642227596279869eec565
190185.06275980 <- expected amount RPqAFgwnB1hjae6Ar4Kms973uS93HbDkoB
b923881de988178dd4aebf17ab1461da012b742f73ed20eeecad8cc29b4c0bd8
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a610d8a0c3f60095c32f40b371cd664761e723249a8702ca62bdc94772328974
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562a162e0531cceb0ddd9ca47e3ee14352c185bf297d0f5224f46d3c9de6901d
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678.12202237 <- expected amount RSVA6AL1Hi65zGg24YZU9GWu8Pd9ixSKuM
f1cb48011b30b0e88e24ad02287a563e154635fe62a120e9b9f185521d068876
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7d14fd9e6c1d61893befb59c42bcbf1cc9e288f905053d35ca7dfe91703f99f0
25665.79190427 <- expected amount RXyXDkiMmU8jdnCuyCrZHqWthU4kp9PUhv
56c4868bce34ac2ebb2ad8736fe8450a328582d8129162f00d49e9892942fadf
6627.41635888 <- expected amount RQgfzPR4zeCyLWaddHysGEVzoKLZa5E4Ut


latest wallet will need to be used to access funds in basilisk mode

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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March 10, 2017, 10:56:09 PM
 #6810

For some reasons I am getting this error when I try to send the remaining balance wallet :

error   couldnt create rawtx


Any idea what's causing this ?
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March 11, 2017, 01:02:47 AM
 #6811

Odd...I've never had 1 issue with Iguana and the wallet, it's a wonderful wallet with the potential for lots of different coins. Komodo is awesome, personally I think it's worth the hold for a bit, and once the DEX goes live it will bring a lot more people to Komodo and Iguana. Keep it up devs!

BTC: 1PP5r4YnGNXo4TFpCX4TKgSjrh9qRmWocn
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March 11, 2017, 01:39:18 AM
 #6812

Hello  Smiley
Can someone explain how the komodo Interest works.

Becouse i had 5314.06 kmd on Balance 19.47 kmd on Interest Earned and 5333.54 kmd in Total Balance on my address.

And i  made a transfer of 2600 kmd to another address of mine and returned the same amount to the original address.

So now i have 5314.06 on Balance 0.70 kmd on Interest Earned and 5314.77 kmd in Total Balance,

Can some explaine  were the interest go ? shouldn't have received about 19 kmd of Interest on my 1st address?
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March 11, 2017, 01:42:48 AM
 #6813

For some reasons I am getting this error when I try to send the remaining balance wallet :

error   couldnt create rawtx

Any idea what's causing this ?

You could try to leave some KMD in the wallet.
Or increase the fee.

But better wait for next Iguana release.
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March 11, 2017, 01:44:15 AM
 #6814

What happens to my BTCD after the year has passed I had to swap it for KMD?

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March 11, 2017, 02:13:46 AM
 #6815

What happens to my BTCD after the year has passed I had to swap it for KMD?

You will still have BTCD but no one will know what it would be worth as just a bitcoin fork. All the technical advancements would be in Komodo.





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cyrixcer
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March 11, 2017, 02:16:30 AM
 #6816

What happens to my BTCD after the year has passed I had to swap it for KMD?

You will still have BTCD but no one will know what it would be worth as just a bitcoin fork. All the technical advancements would be in Komodo.

Does the team dump BTCD for bitcoin fund for further development? Since IMO KMD is new BTCD, BTCD is not necessary any more after 1 year swap.
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March 11, 2017, 02:34:31 AM
 #6817

What happens to my BTCD after the year has passed I had to swap it for KMD?

You will still have BTCD but no one will know what it would be worth as just a bitcoin fork. All the technical advancements would be in Komodo.

Does the team dump BTCD for bitcoin fund for further development? Since IMO KMD is new BTCD, BTCD is not necessary any more after 1 year swap.

I am not too sure what the plans are after the year. Regardless i would hope everyone swaps over as there would be no future for it.





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DECENTRALIZED CRYPTOCURRENCY EXCHANGE
Developed to Unite Coin Communities | ✔ SECURE ✔ FREE ✔ VISIBILITY ✔ EASY INTEGRATION |

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KomodoPlatform
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March 11, 2017, 03:13:09 AM
 #6818

...

what does it mean $ stable? I don't want KMD to be stable lol, i want volatility to the upside.

It means you can transfer KMD into USD automatically & instantly. The decentralized price feed is maintained by the notary node network, raw prices come from European Central Bank & Bitcoin exchange APIs. A new raw price point is being recorded to Komodo blockchain by the notary node that finds the new block.

White paper incoming, currently final editing is being done.

I've been in the exodus.io slack channel, they are doing a good job, but if there's something that I learn there is that you can't add a ton of cryptos to a multicurrency wallet without expecting to have tons of problems and bugs. You have to take the slow but steady approach, first add the most used coins and expand from there. If not, ask the jaxx.io guys why they ended up taking out monero because of the problems that users were experiencing. You can't just open to the public a multicurrency wallet with lots of cryptos that are buggy, what kind of approach you guys will take? Slow but steady? or all currencies the first release of the wallet and lots of work for problems solving..?

Dev, any thoughts on this? Thanks.

I invested in KMD, i hope my investment is still viable dev. But as you are evading my questions... i can only hope.

Sorry, which question? The question you are quoting was answered here: https://bitcointalk.org/index.php?topic=1605144.msg18130631#msg18130631

Hello  Smiley
Can someone explain how the komodo Interest works.

Becouse i had 5314.06 kmd on Balance 19.47 kmd on Interest Earned and 5333.54 kmd in Total Balance on my address.

And i  made a transfer of 2600 kmd to another address of mine and returned the same amount to the original address.

So now i have 5314.06 on Balance 0.70 kmd on Interest Earned and 5314.77 kmd in Total Balance,

Can some explaine  were the interest go ? shouldn't have received about 19 kmd of Interest on my 1st address?

You acquire the interest automatically without doing anything. The only scenario where you would stop acquiring interested is if you funds have been idle for 1 year.

Next Iguana release will have a separate box for the interest, so it comes more clear how much interest you have received.

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March 11, 2017, 03:54:29 AM
 #6819

Any update on the next release date on iguana and the komodo windows wallet?
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March 11, 2017, 09:30:54 AM
 #6820

When is New Iguana wallet released ? I see the price is too cheap and it can decrease more. Just want to know who is selling this coin? Huh
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