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

[Zubnin]

I am disappointed too. I was waiting for this coin to at least get back to the price I bought it for 2 years ago, and now you priced it at 0.0053
Just give BTCD holders fixed % of 100 mil KMD.

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[traumschiff]

I am disappointed too. I was waiting for this coin to at least get back to the price bought it for 2 years ago, and now you priced it at 0.0053
Just give BTCD holders fixed % of 100 mil KMD.

This.

Atleast it could have been a 50% bonus on the last known price before the announcement. BTCD investors getting the D.

[yelllowsin]

Lol, i regret selling my BTCD today...had to buy it all back for a loss, but i am in. This is like getting free komodo  

[jl777]

I would prefer direct BTCD to KMD swap at the fixed rate without BTC price involvement. There were low price phase, then price jumps all of the sudden, dumps. Market was manipulated.

I dont think the market has factored in the 1 year redemption period or the revshare asset snapshot value

[jl777]

I am disappointed too. I was waiting for this coin to at least get back to the price bought it for 2 years ago, and now you priced it at 0.0053
Just give BTCD holders fixed % of 100 mil KMD.

This.

Atleast it could have been a 50% bonus on the last known price before the announcement. BTCD investors getting the D.

It is a balance. If the terms were too much biased for BTCD, then it is against the ICO investors.

So we could have said 10x the last BTCD price and gotten 5 BTC raised
Somehow I think you will be happier to have raised more and benefit from the added liquidity, development and marketing such funds can achieve

[jl777]

I am disappointed too. I was waiting for this coin to at least get back to the price I bought it for 2 years ago, and now you priced it at 0.0053
Just give BTCD holders fixed % of 100 mil KMD.

If you have been patient for so long, then what is 2 months to get 100x the liquidity, a development/marketing warchest, etc?

komodo ICO is not the end station, it is the start

[TwinWinNerD]

BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established, meaning that if you send one BTCD you will receive 0.00532074 BTC worth of Komodo. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August.  The  swapping process will take place after the ICO and detailed information will be posted soon.

If you are a BTCD holder, keep an eye on the BTCD thread. Tomorrow we will post more information there, such as what does this mean for BTCD.

Does the BTCD swap also get the deposit bonuses, ex. 1st day +25%? Would be fair imho.

The BTCD holders got a 50% bonus on the average closing price of august. The price of the last days was close to the fixed swap rate, but we couldn't know this before. The formula for the swap rate was set before August and cleared by James.

The time-bonus is for BTC investors, the BTCD swappers will only be able to swap after the ICO is done, so there is no need to incentivize early swapping.

The reason for all this is pretty simple the project needs to raise funds so James and his team can create the tech for all this and finance the dPoW algorithm. This is only possible with the freshly raise BTC.

[Fragbait]

BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established, meaning that if you send one BTCD you will receive 0.00532074 BTC worth of Komodo. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August.  The  swapping process will take place after the ICO and detailed information will be posted soon.

If you are a BTCD holder, keep an eye on the BTCD thread. Tomorrow we will post more information there, such as what does this mean for BTCD.

Is BTCD swapped for Komodo eligible for early bird bonuses too?

BTCD will be swapped at the end of the ICO, so it is not eligible for any further bonuses.

So you just screwed over everyone that bought in the last couple of days.

And who do you think has been selling?

[BigCat45]

I am disappointed too. I was waiting for this coin to at least get back to the price I bought it for 2 years ago, and now you priced it at 0.0053
Just give BTCD holders fixed % of 100 mil KMD.

If you have been patient for so long, then what is 2 months to get 100x the liquidity, a development/marketing warchest, etc?

komodo ICO is not the end station, it is the start

Well, look at that 23BTC sell on bittrex @43 ...

[elfh]

Can do Russian language translation.

[VultureFund]

Hey James, great work man.

I suppose that Polo and Bittrex will do the swap so Komodo/BTC market can be open just the next days after the ICO ends right? I wouldn't like to wait months to trade Komodo in the exchanges...

[sofu]

LMAO

30,000 BTC ICO

[gegebitlover]

hi guys no mining komodo,no premine ?

[TwinWinNerD]

I am disappointed too. I was waiting for this coin to at least get back to the price I bought it for 2 years ago, and now you priced it at 0.0053
Just give BTCD holders fixed % of 100 mil KMD.

The much bigger opportunity is being invested in this coin with fresh and amazing new tech and innovation. Komodo can be much bigger than BTCD ever was going to be, imo.

[BigCat45]

LMAO

30,000 BTC ICO

Oh, don't worry. It'll get close to this..

[Johnny00]

how do you get in the ICO then? but BTCD investors cant swap until after the ICO

[KomodoPlatform]

BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established, meaning that if you send one BTCD you will receive 0.00532074 BTC worth of Komodo. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August.  The  swapping process will take place after the ICO and detailed information will be posted soon.

If you are a BTCD holder, keep an eye on the BTCD thread. Tomorrow we will post more information there, such as what does this mean for BTCD.

Is BTCD swapped for Komodo eligible for early bird bonuses too?

BTCD will be swapped at the end of the ICO, so it is not eligible for any further bonuses.

WTF. That's messed up.

BTCD holders will benefit from Komodo. The revenue share that was promised won't go over to Komodo holders, but instead BTCD holders will get an asset.

So as a BTCD holder you get both: Komodo coins and a new asset entitled to the revenue share.

The BTCD price has been trading below 0.00532074.

More details tomorrow on the BitcoinDark thread. You can also join our slack channel #btcd

Be happy dear BTCD holders!  

[BigCat45]

So can anyone of the team confirm that BTCD will be swapped to KMD and
BTCD will cease to exist after the swap?

[Johnny00]

So can anyone of the team confirm that BTCD will be swapped to KMD and
BTCD will cease to exist after the swap?

sounds like it

[St.Stephan]

No. BTCD chain continues.