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

[farl4web]

Great that we finally have a roadmap for the coming month! Compliments for the Komodo team! Investors in Komodo and participants of the community will be trilled!  

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[jl777]

There is also some confusing regarding the staking and 5 APR interest.

If you deposit BTCD today it won't technically convert to KMD, which means you are not going to receive any interest. However, the swap rate is decreasing everyday to take that into account.

All in all it doesn't really matter whatever you deposit BTCD today or 5 days from now.

'

If the BTCD that is deposited today on the website "wont technically convert to KMD", then why does it show a KMD balance in your account on the website after you swap that BTCD?

that is the KMD credits you have which will be the amount of KMD you will get when mainnet launches.

[tclo]

There is also some confusing regarding the staking and 5 APR interest.

If you deposit BTCD today it won't technically convert to KMD, which means you are not going to receive any interest. However, the swap rate is decreasing everyday to take that into account.

All in all it doesn't really matter whatever you deposit BTCD today or 5 days from now.

'

If the BTCD that is deposited today on the website "wont technically convert to KMD", then why does it show a KMD balance in your account on the website after you swap that BTCD?

that is the KMD credits you have which will be the amount of KMD you will get when mainnet launches.

Ok it says "My KMD balance", so that's where I got confused.

[Gash]

BTCD swap is a bad move. Im confident that the price of KMD will fall below zero after monero liftoff, the reason will mainly be that filthy komodo crew demolished their reputation by allowing everyone to convert their BTCD into KMD token.

[_mr_e]

BTCD swap is a bad move. Im confident that the price of KMD will fall below zero after monero liftoff, the reason will mainly be that filthy komodo crew demolished their reputation by allowing everyone to convert their BTCD into KMD token.

And your confidence means anything to anybody why exactly?

[Karasugoi]

BTCD swap is a bad move. Im confident that the price of KMD will fall below zero after monero liftoff, the reason will mainly be that filthy komodo crew demolished their reputation by allowing everyone to convert their BTCD into KMD token.

So if the komodo crew doesn't allow everyone to convert their BTCD, then our reputation will be safe from demolition? How would that work?  I guess we are damned if we do damned if we don't.    Gash I am confident that you make less than zero sense.

[RJF19]

BTCD swap is a bad move. Im confident that the price of KMD will fall below zero after monero liftoff, the reason will mainly be that filthy komodo crew demolished their reputation by allowing everyone to convert their BTCD into KMD token.

Get a life dude, nobody here gives a hoot what you are "confident" about...

[starik69]

If you swap before the BTCD snapshot date, you will also receive REVS asset.

Very misleading phrase on swap page.
It can be read so that if you do not swap before snapshot you will not get REVS

[forevernoob]

What's the URL to the swap page?

[Fern]

What's the URL to the swap page?

https://ico.komodoplatform.com/

[22naru]

If you swap before the BTCD snapshot date, you will also receive REVS asset.

Very misleading phrase on swap page.
It can be read so that if you do not swap before snapshot you will not get REVS

yea is true, sound like this... but the real deal is : you need to send  or keep your BTCD in wallet or komodo platform till 15.01.2017. to get REVS. KISS

[dzarmush]

Great that we finally have a roadmap for the coming month! Compliments for the Komodo team! Investors in Komodo and participants of the community will be trilled!  

I missed that part. Where do I find a roadmap or launch date?

[22naru]

Schedule

- ICO Site BTCD deposit enabled 8.1.2017
- Subsidiy field gets locked for candidates 13.1 3PM UTC
- BTCD Snapshot 15.1 (block xxxxxxxx)
- Elections begin 15.1 3pm UTC
- Elections finish 29.1 3pm UTC
- KMD distribution 31.1 3pm UTC

You can now deposit BTCD to our ICO site, and then you will automatically take part in the snapshot for REVS asset, and afterwards your BTCD will be automatically swapped for KMD. Once you deposit your BTCD to the ICO site you cannot undo it. If you deposit, you will agree to get KMD in return.

The BTCD snapshot will happen at some point during that day. Instead of a time it will be some specific block. We are not sure yet which block it is. We can more accurately say the block/time a little bit later. In any case it will happen 15.1, and we will try to time it to happen around 3pm UTC.

Support is delayed today

Your dear community manger is travelling today and have very limited time to answer questions. We are sorry for the situation, but we ensure you that all the questions in twitter/facebook, etc will be answered on Monday.

We have had delays enough, so we thought it is important to move forward with the plan as it become technically possible. This day will be a bit chaotic.

What is the difference between REVS snapshot and KMD swap?

These two are two different things:

I'll try to clear out all the uncertainty & misunderstandings

We try to swap all BTCD there exist throughout 1 full year. If someone has BTCD it can be swapped, no matter when it is bought. You could buy BTCD 6 months from now and swap it for KMD.

BTCD Snapshot to get REVS

 - The snapshot is not related to BTCD swap.
 - The snapshot is to get an additional asset called REVS.
 - The privatekeys are used to redeem the asset.
 - The snapshot has not happened yet!
 - to participate the BTCD can be stored either in a BTCD address under your control, or in our ICO site

BTCD Swap to get KMD

 - has nothing to do with the snapshot
 - is done through the ICO site
 - lasts 1 full year
 - swapped BTCD ends up to our account, where it is publicly visible (nothing will happen to the swapped BTCD)
 - hopefully every single BTCD coin will get swapped during the year

[dzarmush]

Where can I read about REVS? I used search and if I got it right it's some kind of asset using its own side chain on top of Komodo. But who is developing it and for what purpose?

Also what is DEX? Just found it. Decentralized EXchange, got it.

[Tanglemymind]

It is very obvious that project was create for btcd bagholdes, from the beginning it was known who is an Premium investor
Those who invested through via BTC, is only a porter in pseudo exclusive hotel and carries the baggage of some homeless.

Reliable solution would be give for those dissatisfied BTC investors opportunity refund of their BTC and leave komodo project...

The trolls are out in force the last couple of days. I won't feed this one.  Time will tell what the truth is and Komodo has great promise.  We will see how the market values it very soon.  Anonymous coins are hot right now, and the ICO investors will likely do quite well.

I agree. ill stop back here next week. All this fud is a waste of my time.

[mm0104]

Where can I read about REVS? I used search and if I got it right it's some kind of asset using its own side chain on top of Komodo. But who is developing it and for what purpose?

In the FAQ there's a section about the REVS: https://komodoplatform.com/faq/

What is the ‘revenue asset’?

For BitcoinDark a certain revenue share was promised from the various projects that compose the overall SuperNET ecosystem. Those revenue shares won’t migrate to Komodo. Instead, the BTCD holders will get an extra asset that will inherit those revenue streams.

The asset is entitled to these revenue streams:

5% of InstantDEX profits
5% of SuperNET profits
5% of crypto777 profits
After the ICO is over, a snapshot of the BTCD blockchain will be taken. With assetchains we have created a new asset called REVS. A BTCD private key will be required to prove that you had BTCD during the snapshot.

[fabilink]

Hi

I am new at this tech and my english is not very good... sorry...
I am trying to LogIn in https://ico.komodoplatform.com/ but always receive a "Wrong 2FA Code" since today Jan 09th. I have logged in several times before today.
I have already re-synchronized my Google Authenticator, closed and re-opened the Ico home page, reboot my computer, shut down the electricity at home... and nothing happened...
Pls!!! Help!!!

Thanks in advance.

[tclo]

Hi

I am new at this tech and my english is not very good... sorry...
I am trying to LogIn in https://ico.komodoplatform.com/ but always receive a "Wrong 2FA Code" since today Jan 09th. I have logged in several times before today.
I have already re-synchronized my Google Authenticator, closed and re-opened the Ico home page, reboot my computer, shut down the electricity at home... and nothing happened...
Pls!!! Help!!!

Thanks in advance.

Check the time on your phone.  That has messed me up a few times when the time was not correct.

But I can login with 2FA, so it's working fine for me.

[dzarmush]

Where can I read about REVS? I used search and if I got it right it's some kind of asset using its own side chain on top of Komodo. But who is developing it and for what purpose?

In the FAQ there's a section about the REVS: https://komodoplatform.com/faq/

What is the ‘revenue asset’?

For BitcoinDark a certain revenue share was promised from the various projects that compose the overall SuperNET ecosystem. Those revenue shares won’t migrate to Komodo. Instead, the BTCD holders will get an extra asset that will inherit those revenue streams.

The asset is entitled to these revenue streams:

5% of InstantDEX profits
5% of SuperNET profits
5% of crypto777 profits
After the ICO is over, a snapshot of the BTCD blockchain will be taken. With assetchains we have created a new asset called REVS. A BTCD private key will be required to prove that you had BTCD during the snapshot.

Thanks!

One more question.

Total BTC Raised: 2639.03 - Total Market Cap: 12,900 BTC
How is that possible?

[RJF19]

If you swap before the BTCD snapshot date, you will also receive REVS asset.

Very misleading phrase on swap page.
It can be read so that if you do not swap before snapshot you will not get REVS

Yea, that needs to be changed since you can either leave your BTCD in your wallet until the snapshot and receive REVS or send your BTCD  to the KMD ICO site there by swapping them for KMD and receive the REVES asset as long as you do it within one week (prior to snapshot).

Remember, getting REVS through the ICO site was a recent addition. Originally you had to have BTCD in your wallet and wait for the snapshot.

At least thats how I understand it, please correct me if I'm wrong or left something out.