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

[PondSea]

Assume I go with btcd, do I get my Komodo tokens at the exact same time as btc participants? Or since btcd donors, since it will only be swapped at the end of the ICO, will receive their Komodo tokens after the other ones? Like 1 week or so?

The ICO will end
genesis block and mainnet needs to be created using ICO investors and BTCD share
then it is possible to swap BTCD for komodo

so the BTCD holders will have a single swap step to take after ICO is over, but they dont have to do anything during the ICO. BTCD acts like an ICO token until the end of ICO

Okay, but btcd owners will have the option to do that at once the ICO tokens are distributed right? Say ICO ends, everyone receives their tokens, btcd owners only have to swap and it's done. So, formulating a better question: The swap option will be available as soon as ICO tokens are distributed right? Or will we still going to have to wait until that option is ready (after the rest already received the tokens)?

There will be a small gap as there is an added step of funding the genesis holding account before swaps can be enabled.
I understand the issue of wanting access the same time.

I think what we can do is make sure exchange trading isnt started before people have had a day to redeem their komodo. And I will try to make redeems available within hours of when komodo is generally available, or maybe even a bit before by releasing a redeem tool before mainnet wallets

I dont count exchanges like yobit that trade IOU they just make up!

Imo the redeem tool should be done before so that once the mainet is launched everyone can do whatever they want to do at the same time, making it more fair for participants. Hope you do that^^

Agree. I will push for this so BTCD holders are not disadvantaged.

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[jl777]

Curious, what will BTCD holders that swap expect to get for having had the BTCD?  What kind of return is being guessed at for having the asset at swap?  Any idea?

BTCD holders will get a revshare asset as of an end of ICO snapshot, the value of this is hard to estimate

the .0053 conversion price is 50% higher than august average (we had to use trailing price) and close to 1 year ATH and also happens to be a slight premium over what it was trading at before the announcement

no set price will be perfect, but this is for only until the end of ICO and reduced volatility works both ways. BTCD likely becomes a much more stable prices during ICO

and the komodo ICO is not the end of BTCD, it is the start of BTCD 2.0 called komodo

Sorry, still a little fuzzy for me.  A one time payment because you held BTCD, or a recurring revenue based on what you held?  

I am assuming komodo becomes the pegged coin for the system after the swap.
 

there is a revshare right attached to BTCD that cant follow into komodo for technical reasons, ie no way to tell who has what in zkp form

I dont have assetchains working yet, ideally I would make an assetchain out of these revshare rights based on the end of ICO snapshot balance.

However I can still do the snapshot and then issue an assetchain when they are available based on it.

So if you have BTCD hold until ICO ends, you automatically get credit for the revshare asset and when the assetchain goes live you can trade them. or keep holding them and receive revshares when they come online.

After the ICO and you get into the revshare asset snapshot, then you can swap for komodo at the .0053 BTC amount. but if you are busy or dont want to do it right away, you can wait up to a year

[jl777]

Curious, what will BTCD holders that swap expect to get for having had the BTCD?  What kind of return is being guessed at for having the asset at swap?  Any idea?

BTCD holders will get a revshare asset as of an end of ICO snapshot, the value of this is hard to estimate

the .0053 conversion price is 50% higher than august average (we had to use trailing price) and close to 1 year ATH and also happens to be a slight premium over what it was trading at before the announcement

no set price will be perfect, but this is for only until the end of ICO and reduced volatility works both ways. BTCD likely becomes a much more stable prices during ICO

and the komodo ICO is not the end of BTCD, it is the start of BTCD 2.0 called komodo

Sorry, still a little fuzzy for me.  A one time payment because you held BTCD, or a recurring revenue based on what you held?  

I am assuming komodo becomes the pegged coin for the system after the swap.
 

The revenue streams that current BTCD holders have, will be moved to Komodo and that will not be diluted by the BTC investment. You will get dividends from these revenue streams once they become operational, so it is a ongoing thing.

technically cant move to komodo due to effectiveness of the zero knowledge proofs

so it goes into its own self-contained asset

[jl777]

Curious, what will BTCD holders that swap expect to get for having had the BTCD?  What kind of return is being guessed at for having the asset at swap?  Any idea?

BTCD holders will get a revshare asset as of an end of ICO snapshot, the value of this is hard to estimate

the .0053 conversion price is 50% higher than august average (we had to use trailing price) and close to 1 year ATH and also happens to be a slight premium over what it was trading at before the announcement

no set price will be perfect, but this is for only until the end of ICO and reduced volatility works both ways. BTCD likely becomes a much more stable prices during ICO

and the komodo ICO is not the end of BTCD, it is the start of BTCD 2.0 called komodo

I am assuming komodo becomes the pegged coin for the system after the swap.

komodo is btcd 2.0, so all the advanced tech migrates over to komodo, though it is possible some variants become available in the BTCD 1.0 chain first, kind of like a testbed. Not sure yet, but the flexibility for this is in place with both chains alive. I would not count on anything that isnt "testnet" like for the BTCD 1.0 versions of advanced features

[paulthetafy]

What effect is the z.cash project going to have on komodo?  Isn't it the same fundamentals (zerocash protocol), without the ICO, and being released sooner?

[dadingsda]

bounty for german translation?

[TwinWinNerD]

Bounties will be announced in the coming days. Including a signature campaign

[jl777]

What effect is the z.cash project going to have on komodo?  Isn't it the same fundamentals (zerocash protocol), without the ICO, and being released sooner?

yes, of course, without zcash, komodo wouldnt be able to have the zcash tech.

it will be a zcash fork + dPoW + iguana

so zcash enables komodo, and komodo will help zcash. Many people only buy mined coins and with the slow start mining there will be a lot of miners trying to mine the limited number of coins, so I expect the trading price for ZEC to be boosted.

this only helps komodo, which isnt any simple fork, it adds dPoW which is a new consensus method and the iguana tech from the BTCD developments. And komodo requires a large diversified stakeholders to have a secure dPoW. A lot of people only want PoS coins.

So both should complement each other very well.

Of course komodo stake is purchased via ICO, instead of purchased via mining, but its dPoW consensus utilizes bitcoin's PoW

[BrotherJ]

Has the cost per KMD been established yet?

[won99]

Link for komfirm newslatters not work sir.

[lsqgoddess]

The project is legit, jl777 is famous, but the question is that: will this coin be like your supernet, only under ico price, never pump ober ico price. People hunter for profit, not others

[visual111]

when will we see noob friendly software for those who don't know how to use a command line? is this what is meant in the OP when it says "a testnet will be launched during ICO"?

is there still an iguana release coming once GUI is completed?

[MoveCrypto]

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.

Nice, bonus just made my day!

DPOW sounds innovative too.  I wonder if it will be possible to anonymize your BTC by running them through these komodo dpow nodes.  Looking forward to learning more about it.

[dragonw]

how to buy ico komodo?

[okinawa]

Good luck with the project

I am going to invest in this

[davide72]

the only way to buy Komodo is partecipate at the ico , so you will sell BTCD on the ICO  and after the ICO swap the BTCD coin ! Is this what understood?
thanks for your helps!

[PondSea]

Has the cost per KMD been established yet?

No, we need to wait till the ICO is completed to know the rate.

Link for komfirm newslatters not work sir.

I tested it. With a Gmail account it went into SPAM but it is working fine.

when will we see noob friendly software for those who don't know how to use a command line? is this what is meant in the OP when it says "a testnet will be launched during ICO"?

is there still an iguana release coming once GUI is completed?

We need to wait till Zcash is released to build ontop.

[PondSea]

the only way to buy Komodo is partecipate at the ico , so you will sell BTCD on the ICO  and after the ICO swap the BTCD coin ! Is this what understood?
thanks for your helps!

You will swap BTCD to Komodo at roughly 0.0053/BTC rate after the ICO.

At a date to be determined a snap shot will be done as to allocate a new asset chain to give BTCD holders the 3x revenue streams they were going to get.

[visual111]

We need to wait till Zcash is released to build ontop.

/
what does this mean for the upcoming (or no longer?) iguana release? I thought something was going to be released once GUI was completed, which seemed to be soon

[PondSea]

We need to wait till Zcash is released to build ontop.

/
what does this mean for the upcoming (or no longer?) iguana release? I thought something was going to be released once GUI was completed, which seemed to be soon

Komodo will use iguana, but Iguana GUI is independent of Komodo.