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sambiohazard
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November 25, 2016, 03:15:10 AM |
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I am selling my mined zcash to buy BTCD right now. will keep swapping whole year i think  |
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MoneyJ
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November 25, 2016, 06:56:35 AM |
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Howcome the spreadsheet in signature bounty has not yet been validated . The ICO was already finished.
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KomodoPlatform
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November 25, 2016, 08:15:58 AM |
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Howcome the spreadsheet in signature bounty has not yet been validated . The ICO was already finished.
Sorry for the delay, we will do it as soon as we can. |
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KomodoPlatform
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November 25, 2016, 09:54:27 AM
Last edit: November 25, 2016, 11:14:28 AM by KomodoPlatform |
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Notary Node Election Details
We will use the ICO funds to guarantee a certain payment for the notary node operators. In this way we will ensure that we will have quality notary nodes and our network is reliable.
There will be 32 - 64 notary nodes. We will ensure funding for at least 32 notary nodes, but there could be up to 64. Each region has its own election and its own budget, thus each region will have at least 8 notary nodes and an equivalent budget.
Each notary node candidate can decide themselves how much guaranteed subsidy they require to run a node. They are able to set this figure for each node they operate, and it can be anything between 0 and 100 %. The full 100% subsidy means that they need a guaranteed payment of $500/month.
The total guaranteed amount is $16,000 per month, or $4,000 per month per region. In other words we could say the total guaranteed amount is 3200 %, or 800 % per region.
Each candidate must publicly announce the subsidy required, and that may affect how people vote. Who ever gets the most votes wins the election and is guaranteed to be able to run a node. The subsidy percentage they require is subtracted from the total budget, which is 800 % for each region. This process will continue until all subsidy is gone. The end result is at least 8 nodes per region, but probably more as some candidates won't need a full 100% subsidy.
An example
Region A has 6 candidates with 400 % subsidy. [for simplicity, but we will have 800 % subsidy]
After election we count the votes, and the result is as follows:
1. Alice - 211 votes (subsidy: 100%)
2. Bob - 190 votes (subsidy: 100%)
3. Charley - 187 votes (subsidy: 50%)
4. Dan - 122 votes (subsidy: 75%)
5. Mike - 88 votes (subsidy: 90% )
6. Tom - 51 votes (subsidy: 50% )
-> Alice is the winner, and gets elected, 300% subsidy left
-> Bob finished second, and gets elected, 200% subsidy left
-> Charley gets elected, 150% subsidy left
-> Dan gets elected, 75% subsidy left
-> Mike does not get elected, not enough budget
-> Tom gets elected, 25% subsidy left
Region A ended up with 5 notary nodes, and 25% subsidy was left over.
At the end those left over subsidies are combined from all 4 regions, and another notary node is elected - if the total subsidy is enough.
The Guaranteed Subsidy
A 100% subsidy means that with the ICO funds we will guarantee an income of $500/month. However, it is possible that we won't have to pay anything if the mining revenue is more than $500/month.
There will be 1440 new block each day, and each block has a 3 KMD block reward, which means there will be a 4320 KMD income per day.
With 64 notary nodes each would receive 4320/64 = 67.5 KMD/day -> 2025 KMD/month [Note that possibly we won't get 64 notary nodes, which would mean more income per node]
With the current exchange rate of 0.00012909 BTC/KMD the notary node would get 0.26 BTC/month = $190/month.
-> thus we would pay the node $310 in BTC, so that their total income is $500/month.
When KMD price goes over $0.25 dollars we don't have to pay any subsidy.
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yassin54
Legendary
 Offline
Activity: 1540
Merit: 1000
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November 25, 2016, 10:17:52 AM |
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Notary node election details and budget. |
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SeanPiknick
Member
Offline
Activity: 86
Merit: 10
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November 25, 2016, 12:12:08 PM |
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Notary Node Election Details
...
With the current exchange rate of 0.00012909 BTC/KMD the notary node would get 0.26 BTC/month = $190/month.
-> thus we would pay the node $310 in BTC, so that their total income is $500/month.
When KMD price goes over $0.25 dollars we don't have to pay any subsidy.
What is it about? Where you can see a KMD exchange? |
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KomodoPlatform
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November 25, 2016, 12:50:59 PM |
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Notary Node Election Details
...
With the current exchange rate of 0.00012909 BTC/KMD the notary node would get 0.26 BTC/month = $190/month.
-> thus we would pay the node $310 in BTC, so that their total income is $500/month.
When KMD price goes over $0.25 dollars we don't have to pay any subsidy.
What is it about? Where you can see a KMD exchange? It's the price the ICO investors paid to get KMD with 0% bonus. Of course we don't know the actual market price until there is a market. |
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yassin54
Legendary
Offline
Activity: 1540
Merit: 1000
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November 25, 2016, 02:30:42 PM |
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The Komodo Platform: Security and Privacy. |
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Cahndeso
Member
Offline
Activity: 189
Merit: 10
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November 25, 2016, 03:10:06 PM |
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Im new in bitcoin and altcoin. but i have little bit bitcoin right now and i dont know why i interest with KMD. When KMD listed to the exchange? I need learn more about this coin and may be l'll start invest my little bit of BTC for KMD if i think there is good future.
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super55
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November 25, 2016, 04:24:52 PM |
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Im new in bitcoin and altcoin. but i have little bit bitcoin right now and i dont know why i interest with KMD. When KMD listed to the exchange? I need learn more about this coin and may be l'll start invest my little bit of BTC for KMD if i think there is good future.
Komodo is not yet being distribute to their ICO participants yet....so you need to wait maybe 2 more weeks, before KMD hit the exchanges |
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Titomanereal
Newbie
Offline
Activity: 19
Merit: 0
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November 25, 2016, 07:51:03 PM |
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Notary Node Election Details
We will use the ICO funds to guarantee a certain payment for the notary node operators. In this way we will ensure that we will have quality notary nodes and our network is reliable.
There will be 32 - 64 notary nodes. We will ensure funding for at least 32 notary nodes, but there could be up to 64. Each region has its own election and its own budget, thus each region will have at least 8 notary nodes and an equivalent budget.
Each notary node candidate can decide themselves how much guaranteed subsidy they require to run a node. They are able to set this figure for each node they operate, and it can be anything between 0 and 100 %. The full 100% subsidy means that they need a guaranteed payment of $500/month.
The total guaranteed amount is $16,000 per month, or $4,000 per month per region. In other words we could say the total guaranteed amount is 3200 %, or 800 % per region.
Each candidate must publicly announce the subsidy required, and that may affect how people vote. Who ever gets the most votes wins the election and is guaranteed to be able to run a node. The subsidy percentage they require is subtracted from the total budget, which is 800 % for each region. This process will continue until all subsidy is gone. The end result is at least 8 nodes per region, but probably more as some candidates won't need a full 100% subsidy.
An example
Region A has 6 candidates with 400 % subsidy. [for simplicity, but we will have 800 % subsidy]
After election we count the votes, and the result is as follows:
1. Alice - 211 votes (subsidy: 100%)
2. Bob - 190 votes (subsidy: 100%)
3. Charley - 187 votes (subsidy: 50%)
4. Dan - 122 votes (subsidy: 75%)
5. Mike - 88 votes (subsidy: 90% )
6. Tom - 51 votes (subsidy: 50% )
-> Alice is the winner, and gets elected, 300% subsidy left
-> Bob finished second, and gets elected, 200% subsidy left
-> Charley gets elected, 150% subsidy left
-> Dan gets elected, 75% subsidy left
-> Mike does not get elected, not enough budget
-> Tom gets elected, 25% subsidy left
Region A ended up with 5 notary nodes, and 25% subsidy was left over.
At the end those left over subsidies are combined from all 4 regions, and another notary node is elected - if the total subsidy is enough.
The Guaranteed Subsidy
A 100% subsidy means that with the ICO funds we will guarantee an income of $500/month. However, it is possible that we won't have to pay anything if the mining revenue is more than $500/month.
There will be 1440 new block each day, and each block has a 3 KMD block reward, which means there will be a 4320 KMD income per day.
With 64 notary nodes each would receive 4320/64 = 67.5 KMD/day -> 2025 KMD/month [Note that possibly we won't get 64 notary nodes, which would mean more income per node]
With the current exchange rate of 0.00012909 BTC/KMD the notary node would get 0.26 BTC/month = $190/month.
-> thus we would pay the node $310 in BTC, so that their total income is $500/month.
When KMD price goes over $0.25 dollars we don't have to pay any subsidy.
Before we start we value KMD at 0 $. Good image for investors before the delivery of KMD valued at 0 $. At a minimum, these KMDs should be valued at the price of ICO. 100% subsidy does not mean $ 500 spending. 1btc = 10000 KMD ICO price use this for elections too Thanks |
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KomodoPlatform
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November 25, 2016, 08:47:49 PM |
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Before we start we value KMD at 0 $.
Good image for investors before the delivery of KMD valued at 0 $.
At a minimum, these KMDs should be valued at the price of ICO. 100% subsidy does not mean $ 500 spending.
1btc = 10000 KMD ICO price use this for elections too
Thanks
We simply guarantee a subsidy for the notary node, so that they stay in operation. Without a guaranteed income we could lose notary nodes if the KMD block reward would not be enough to cover their expenses. $500 is enough to cover all the expenses. We discussed this in Slack, see: http://sprnt.slackarchive.io/elections/ |
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mig5000
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November 25, 2016, 09:10:49 PM |
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There is 2.5k BTC from the crowdfunding and 7k BTC from BTCD. Anybody who is not expecting a dump the few first weeks is a lunatic. Jl777 and co have been accumulating BTCD for months. Komodo is their exit pump. 3/4 of the theorical value of Komodo will be comprised of BTCD bag holders. Gl with that
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Wapinter
Legendary
Offline
Activity: 2716
Merit: 1026
Hire me for Bounty Management
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November 25, 2016, 09:25:12 PM |
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Before we start we value KMD at 0 $.
Good image for investors before the delivery of KMD valued at 0 $.
At a minimum, these KMDs should be valued at the price of ICO. 100% subsidy does not mean $ 500 spending.
1btc = 10000 KMD ICO price use this for elections too
Thanks
We simply guarantee a subsidy for the notary node, so that they stay in operation. Without a guaranteed income we could lose notary nodes if the KMD block reward would not be enough to cover their expenses. $500 is enough to cover all the expenses. We discussed this in Slack, see: http://sprnt.slackarchive.io/elections/What role will our tokens play in this node?I mean what is the gain for a small token holder like me? |
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twistelaar
Legendary
Offline
Activity: 1148
Merit: 1000
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November 26, 2016, 12:16:38 AM |
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quick question; when launch on exchanges?
Thanks!
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RJF19
Sr. Member
Offline
Activity: 420
Merit: 250
AKA RJF - Since '14 - On line since '84
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November 26, 2016, 12:22:43 AM |
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There is 2.5k BTC from the crowdfunding and 7k BTC from BTCD. Anybody who is not expecting a dump the few first weeks is a lunatic. Jl777 and co have been accumulating BTCD for months. Komodo is their exit pump. 3/4 of the theorical value of Komodo will be comprised of BTCD bag holders. Gl with that
To quote you: "Please stop this type of worthless speculation comments that are out of the reality in most cases" I can see why they kicked you out of the KMD Slack. |
Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time. Thomas A. Edison
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tomsmith26
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November 26, 2016, 01:01:39 AM |
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I think after listing on exchange. there are some dumps for fiat with big inverstors because They have more bonus coins (25% or 30%).
This fact will affect to the small investors so KMD manager should use the reserved funds to cover all bonus coins and it will help KMD to keep the price rising up.
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kaicrypzen
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November 26, 2016, 09:43:10 AM |
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I think after listing on exchange. there are some dumps for fiat with big inverstors because They have more bonus coins (25% or 30%).
Right now, the investors with the biggest bonus are BTCD holders. At current market price, the bonus must be something like 50% ... |
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KomodoPlatform
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November 26, 2016, 09:47:06 AM |
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Before we start we value KMD at 0 $.
Good image for investors before the delivery of KMD valued at 0 $.
At a minimum, these KMDs should be valued at the price of ICO. 100% subsidy does not mean $ 500 spending.
1btc = 10000 KMD ICO price use this for elections too
Thanks
We simply guarantee a subsidy for the notary node, so that they stay in operation. Without a guaranteed income we could lose notary nodes if the KMD block reward would not be enough to cover their expenses. $500 is enough to cover all the expenses. We discussed this in Slack, see: http://sprnt.slackarchive.io/elections/What role will our tokens play in this node?I mean what is the gain for a small token holder like me? I'm a bit unsure what you are asking, but You can vote with your coins and get the good/stable notary node operators elected. You won't directly gain anything from the voting process itself. |
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