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

[oryeger]

To take bonus 25% like in first day ICO need only have btcd chepaer than 532 k satoshi.
So anybody who buy this Komodo for BTC was FOOL !!!

This is wrong! For BTCD to be a better way to invest in KMD-ICO than by investing via BTC on day one with 25% bonus you need a BTCD price of 425,6 k sat or lower. So dont worry. You haven't been fooled. You actually made a good deal.

The math is: 532k sat divided by 125 percent. Now we have 15% bonus for BTC ICO investors. So the maths now is 532 divided by 115 = 463 k sat.

yes but there is a another bonus to the BTCD price at the end if I'm not mistaken. check out their calculator.

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[jl777]

2016-10-24 17:26:45 proof-of-work found 
  hash: 02a6d17d79ea8ee3f0181c5003f474cf8715529fd14bcac8cf1b758cd365d0ca 
target: 0f0f0f0000000000000000000000000000000000000000000000000000000000
2016-10-24 17:26:45 CBlock(hash=02a6d17d79ea8ee3f0181c5003f474cf8715529fd14bcac8cf1b758cd365d0ca, ver=4, hashPrevBlock=023cb6cb5ac1bc4692533ad1c1db0ad13871cee5556b90dc08596b8991905e87, hashMerkleRoot=89adce444597ea16da2d9f44245d28dfd4e434f476da7d3ec817d39084123d2c, hashReserved=0000000000000000000000000000000000000000000000000000000000000000, nTime=1477329957, nBits=2003fe27, nNonce=0000febdc00fcfbc9889d391127c5b540a89340528b6986de8e2db6178e00000, vtx=1)


http://148.251.57.148/block/02a6d17d79ea8ee3f0181c5003f474cf8715529fd14bcac8cf1b758cd365d0ca

What is special about the above block is that the mining target hash is: 0f0f0f0000000000000000000000000000000000000000000000000000000000
which is the minimum diff, even though the actual diff at the time was around 4, with nBits of 2003fe27

this prevents mining wars between notaries. a lot of infrastructure needed to be in place for this to work, most especially height specific list of notaries. We still need to verify ratification of a new list of notaries, which is one of the last remaining items now that round robin difficulty is verified.

[BadAss.Sx]

2016-10-24 17:26:45 proof-of-work found 
  hash: 02a6d17d79ea8ee3f0181c5003f474cf8715529fd14bcac8cf1b758cd365d0ca 
target: 0f0f0f0000000000000000000000000000000000000000000000000000000000
2016-10-24 17:26:45 CBlock(hash=02a6d17d79ea8ee3f0181c5003f474cf8715529fd14bcac8cf1b758cd365d0ca, ver=4, hashPrevBlock=023cb6cb5ac1bc4692533ad1c1db0ad13871cee5556b90dc08596b8991905e87, hashMerkleRoot=89adce444597ea16da2d9f44245d28dfd4e434f476da7d3ec817d39084123d2c, hashReserved=0000000000000000000000000000000000000000000000000000000000000000, nTime=1477329957, nBits=2003fe27, nNonce=0000febdc00fcfbc9889d391127c5b540a89340528b6986de8e2db6178e00000, vtx=1)


http://148.251.57.148/block/02a6d17d79ea8ee3f0181c5003f474cf8715529fd14bcac8cf1b758cd365d0ca

What is special about the above block is that the mining target hash is: 0f0f0f0000000000000000000000000000000000000000000000000000000000
which is the minimum diff, even though the actual diff at the time was around 4, with nBits of 2003fe27

this prevents mining wars between notaries. a lot of infrastructure needed to be in place for this to work, most especially height specific list of notaries. We still need to verify ratification of a new list of notaries, which is one of the last remaining items now that round robin difficulty is verified.

This also means all of James his work is coming into place. People think this man is only a ico scammer, but they are really gonna cry the hell out of it when everything clicks together and comes online. Quotes like:

"I missed the goddamn ICO"

"Never thought he would make it"

"I take my words back, he is no scammer"

will cross this topic.

Think twice: https://ico.komodoplatform.com

[jl777]

not sure I should explain what I did today. It isnt a complete solution, just part of the required infrastructure, but it could easily be misunderstood until the rest is in place.

[_mr_e]

not sure I should explain what I did today. It isnt a complete solution, just part of the required infrastructure, but it could easily be misunderstood until the rest is in place.

Yes, you should.

[jl777]

not sure I should explain what I did today. It isnt a complete solution, just part of the required infrastructure, but it could easily be misunderstood until the rest is in place.

Yes, you should.

oh, ok.

./komodo-cli paxdeposit RNJmgYaFF5DbnrNUX6pMYz9rcnDKC2tuAc 1 usd
usdkmd.6558498870 basevolume.100000000 baseusd.1000000000 paxvol.100000000 usdvol.100000
0255534400e1f505000000003c8ee61a3161993f4f7b7081259bf5f3322d65d3f8 ht.39430 srcaddr.(RNJmgYaFF5DbnrNUX6pMYz9rcnDKC2tuAc) usd fiatoshis.100000000 -> dest.(RSttHqE7YAooCTb3LjNEnhYwCCTsTb95BH) komodoshis.655849000
f0e1878432ce581fa8547b89e46b377181fa8b61719d70a4653e57d2f6790d02


I figured out how to encode a PAX deposit transaction into a normal bitcoin style transaction. it is a cold address as the pubkey 0255534400e1f505000000003c8ee61a3161993f4f7b7081259bf5f3322d65d3f8 is not published until it is redeemed.

Still fiddling with getting this data into the wallet so it can be used for the redeem. Also, still need to figure out how to submit a redeem.

Keep in mind this is the fundamental low level deposit/redeem based on fiat value from the blockchain. A higher level layer will need to be added to manage the overall balances, so really it is only half done.

[animalroam]

Does anyone have the breakdown how how much BTC was invested for which bonus stage?

[Wapinter]

You can update your calculators!

35% bonus 500 BTC
30% bonus 0 BTC
25% bonus 980 BTC
20% bonus 606.84 BTC

Unfortunately I missed the earlier bonuses but I wont miss now and get %20  

[MoneyJ]

You can update your calculators!

35% bonus 500 BTC
30% bonus 0 BTC
25% bonus 980 BTC
20% bonus 606.84 BTC

Unfortunately I missed the earlier bonuses but I wont miss now and get %20  

I did not understand why no one has availed the 30% discount period , wow such a wasted opportunity.

[cebb]

It will be cheaper to buy KMD after the ICO.

Most coins (that had ICO recently) are cheaper when launched at exchange especially the coin is launched on exchange just after ICO. see the likes of Waves , Rise, Singulardtv etc.

The market is too saturated with ICO. Those days are gone when only a handful of invester knew about the ICO and the rest of the traders only find out about the coin when it hits exchange.  The situation is vastly different now. Lot of promotion of coins during ICO. everyone know about every ICO.  So no one is buying at exchange when it launches. it is hard to find new buyers in two weeks time so there is no fomo when it launch at exchange.  Investors get disappointed when the price just hover around ICO after launch and the ICO flippers dump at loss causing the price to go well below ICO.

So that's when you buy the coin if you believe in it. Not in the ICO. it only makes Dev & his shills richer. Dev has already said that the amount raised is sufficient for the project. If a reasonable amount of BTC is raised it keeps dev honest and motivated to raise the price of his stake (10% premined). if the ICO gets bloated Dev is already rich. he does not need to do anything for the investors after ICO.

[poloniexwhale]

It will be cheaper to buy KMD after the ICO.

Most coins (that had ICO recently) are cheaper when launched at exchange especially the coin is launched on exchange just after ICO. see the likes of Waves , Rise, Singulardtv etc.

The market is too saturated with ICO. Those days are gone when only a handful of invester knew about the ICO and the rest of the traders only find out about the coin when it hits exchange.  The situation is vastly different now. Lot of promotion of coins during ICO. everyone know about every ICO.  So no one is buying at exchange when it launches. it is hard to find new buyers in two weeks time so there is no fomo when it launch at exchange.  Investors get disappointed when the price just hover around ICO after launch and the ICO flippers dump at loss causing the price to go well below ICO.

So that's when you buy the coin if you believe in it. Not in the ICO. it only makes Dev & his shills richer. Dev has already said that the amount raised is sufficient for the project. If a reasonable amount of BTC is raised it keeps dev honest and motivated to raise the price of his stake (10% premined). if the ICO gets bloated Dev is already rich. he does not need to do anything for the investors after ICO.

It is right, for example singulardtv is a huge ico, raised $7.6 million in 15 minutes, but after hitting on exchanges, the price plummeted, the price is still under ico now. Buy after ico is a wise choice, especially all the ico markets are saturated and overpriced now. Unless we buy an undervalued ico, like stratis, only raised 915 btc(they should have raised 5-10k btc) and now is 5.5X of ICO price.

[polycryptoblog]

You can update your calculators!

35% bonus 500 BTC
30% bonus 0 BTC
25% bonus 980 BTC
20% bonus 606.84 BTC

Unfortunately I missed the earlier bonuses but I wont miss now and get %20  

I did not understand why no one has availed the 30% discount period , wow such a wasted opportunity.

30% bonus was for angel investors  who invested 250 to 500 BTC before ICO launch.   No angel investors were in this category.

[gulachov]

It will be cheaper to buy KMD after the ICO.

Most coins (that had ICO recently) are cheaper when launched at exchange especially the coin is launched on exchange just after ICO. see the likes of Waves , Rise, Singulardtv etc.

The market is too saturated with ICO. Those days are gone when only a handful of invester knew about the ICO and the rest of the traders only find out about the coin when it hits exchange.  The situation is vastly different now. Lot of promotion of coins during ICO. everyone know about every ICO.  So no one is buying at exchange when it launches. it is hard to find new buyers in two weeks time so there is no fomo when it launch at exchange.  Investors get disappointed when the price just hover around ICO after launch and the ICO flippers dump at loss causing the price to go well below ICO.

So that's when you buy the coin if you believe in it. Not in the ICO. it only makes Dev & his shills richer. Dev has already said that the amount raised is sufficient for the project. If a reasonable amount of BTC is raised it keeps dev honest and motivated to raise the price of his stake (10% premined). if the ICO gets bloated Dev is already rich. he does not need to do anything for the investors after ICO.

Oh, don't worry, this dev is already rich ...

[BTCwriter]

Logo look like it was done by little kid with no Photoshop class? Overall look like this whole Komodo project take about half day to complete.

[God101]

Logo look like it was done by little kid with no Photoshop class? Overall look like this project take about half day to complete.

Logo is very nice, Looks interesting.

[no1dead]

Logo look like it was done by little kid with no Photoshop class? Overall look like this project take about half day to complete.

Logo is very nice, Looks interesting.

The design of logo is worth 1000 usd, i like the logo too.

[len01]

Logo look like it was done by little kid with no Photoshop class? Overall look like this project take about half day to complete.

Logo is very nice, Looks interesting.

The design of logo is worth 1000 usd, i like the logo too.

1k usd is not cheap logo, very nice according to the price

[oldisoft]

Logo look like it was done by little kid with no Photoshop class? Overall look like this project take about half day to complete.

Logo is very nice, Looks interesting.

The design of logo is worth 1000 usd, i like the logo too.

I would say that is worth 10000 usd, but sometimes logos are better...

[loremipsum]

Logo look like it was done by little kid with no Photoshop class? Overall look like this project take about half day to complete.

Logo is very nice, Looks interesting.

The design of logo is worth 1000 usd, i like the logo too.

I would say that is worth 10000 usd, but sometimes logos are better...

Maybe $1000 is a bit overpriced but I like the logo. Its nice and simple. As it should be

[BadAss.Sx]

It is right, for example singulardtv is a huge ico, raised $7.6 million in 15 minutes, but after hitting on exchanges, the price plummeted, the price is still under ico now. Buy after ico is a wise choice, especially all the ico markets are saturated and overpriced now. Unless we buy an undervalued ico, like stratis, only raised 915 btc(they should have raised 5-10k btc) and now is 5.5X of ICO price.

I don't care about the price...i care about the project. This is a project already more then 2 years old and finally everything falls into its place.