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Author Topic: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin  (Read 470426 times)
rnr
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January 10, 2017, 12:02:15 AM
 #3721


Team Komodo Ninja

provide you

abstract of updated FAQ (with 102 topics)
with the most important topics since the Swap announcement!



Last Update: 09. January 2017










Please retweet/follow at


 

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January 10, 2017, 12:19:15 AM
 #3722

Around 12% of BTCD supply has already been deposited to ICO website.

Is there a rich list in block explorer? I wonder how many coins is left on Poloniex.

https://www.blockexperts.com/btcd#


16.5k  on the polo orderbook

orderbook doesn't reflect the real amount kept on an exchange

particl.
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January 10, 2017, 12:25:24 AM
 #3723

Im really glad to see this KMD thing finally get off the ground. I have just deposited all my BTCD's from my local wallet to the ICO site. Went very smoothly and confirmed in just a few minutes. I'm getting a pretty juicy stack of KMD's according to the ICO page  Smiley

When I was moving the coins I noticed I have been holding on to those BTCD's for nearly 3 years now. Always kept them staking on a VPS, didn't touch for all this time. in the block explorer i saw more then 16373 transactions which are all stakes, and that's just 1 address. You can say I'm a long term holder  Cheesy

I wish James and the rest of the team the best of luck!


PS. Mainnet goes live 31th, and so will trading on the exchanges I supose? Any word from Poloniex yet? Will they participate in the swap?
rnr
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January 10, 2017, 12:36:21 AM
 #3724

Will they participate in the swap?





Scofield
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January 10, 2017, 12:54:34 AM
 #3725

Should have made it more clear sorry: Will Poloniex offer KMD trading along with BTCD trading from the day the mainnet launches?
Gutierez
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January 10, 2017, 02:05:10 AM
 #3726



Yes you can buy BTCDs on Poloniex exchange and use for the swap and the elections.   And the swap lasts 365 days from yesterday.  But you must move your BTCD from the exchange to the ICO site if you want to participate in elections.

Read my post above with all the numbers that shows how buying BTCD right now gets you something like 60% more KMD, per BTC, spent than the end of the ICO got you.

Yes, That's your great advance. I will try to do this swap. I like this platform. I expect that I can get more earning with this project.
Thank you so much.
KomodoPlatform
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January 10, 2017, 03:16:52 AM
 #3727

FAQ of the last few days

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

Is there already an instruction for the swap from local wallets?
Where should the priv keys be sended to? should all btcd be pooled in one adress only?
when will this process start? right after the snapshot?
thank you

If you have BTCD in a local wallet you can simply send it to the ICO site (i.e. deposit it). BTCD deposited before the snapshot will also receive the REVS asset.

You can also hold the BTCD in your local wallet, in which case you can use your BTCD privatekey to later redeem the REVS asset. Keep in mind though, that if you are not staking BTCD you are losing money as the swap rate is decreasing a little bit everyday (5 % during 365 days).

what is the "Private key" needed to access the REVS asset in future? The 12 word seed in our ICO account? or something else?

If you hold the BTCD in the ICO account then you don't have to worry about the privatekey. You will receive the REVS asset. In any case, the 12 word seed is very important, and without it you will lose your investment.

If you hold the BTCD in a local wallet, then you will have to export the privatekey.

That's very nice to see this project . I will join this project . I want to ask if I can buy some BTCDs on the exchange for swap and voting election now?
and How long will the swap finish ? May I leave BTCDs on the exchange or not? Thank you.

Yes, you can buy BTCD and swap it for KMD, but you cannot keep it in an exchange. The exchange won't swap the BTCD for your.  You must send/deposit the BTCD into our ICO site.

You will be able to vote with the KMD you receive in the swap. The swap has basically already begun (internal balance) and will last 1 full year. Just deposit the BTCD to the ICO site and you everything will be taken care of. The only thing you must do is keep the 12-word passphrase/seed safe.

if my BTCD are on the ICO platform, I automatically get REVS asset, without needing a private key?

Yes, but you must keep the 12-word seed safe and secure.

Quote
I accidentally sent my BTCD to my KMD address instead of the swap
. I have the seed for my KMD address . How do I recover my BTCD ?

A: importprivkey into BTCD wallet using the KMD wif

the iguana GUI will be able to convert the ICO passphrase you used into a KMD wif, which can then be imported into both komodod and BitcoinDarkd

so as long as you have the passphrase, your funds are safe

Sorry if this was already answered, but if you have/had BTCD in an Exchange and/or staking pool wallet, are you eligible to receive the REVS asset? What will happen to any BTCD that does not get swapped, and are the BTCD devs abandoning that coin? Again, I know some of this was answered, but I'm still not 100% clear. Thanks!

To receive the REVS you must do either:
A) send them to our ICO website
B) store them in a local wallet and export the privatekey (You need the BTCD privatekey).

We believe most BTCD will be swapped (1 full year to swap it). However there will be some BTCD that is lost, etc. and those will obviously not be swapped. The KMD we have left over after the 1 year period will be added to the working capital.

Currently jl777 is the only BTCD dev, and he will be focusing on Komodo development in the future, so there are no devs left for BTCD. This is why we encourage everyone to swap.

A little off-topic. Why do you think SuperNET price went so low? 62th place my market cap surrounded by noname projects. Doesn't seem right to me at all.

A lot of the recent developments are a bit unclear even to the SuperNET investors. Iguana and Komodo are made by SuperNET, and SuperNET is the organization developing them. SuperNET asset should be viewed as a share of the SuperNET organization. We have capital and investments; we have for-profit projects and a large platform & framework (known as Iguana and Komodo). SuperNET asset holders will be receiving dividends when we make a profit from the revenue, just like in any other business.

We are working on a new supernet.org website that will become the hub of everything we are doing. The new website will explain what we do, and what our projects are.

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January 10, 2017, 04:15:36 AM
 #3728

https://www.youtube.com/watch?v=7qmR4Tt3I14 We interviewed Juan S. Galt who works in the komodo Community Smiley

We look forward to the development of Komodo Platform!

Subscribe to our Youtube Channel if you want to see more content: https://www.youtube.com/watch?v=7qmR4Tt3I14
Good luck!

Awesome!  Cool

From that interview came up to my mind how many from komodo team has enough votes to keep them self running notary nodes like for ever?  I think this needs some transparency.
devpol
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January 10, 2017, 04:19:37 AM
 #3729

JOIN TRANSLATE HINDIA SIR
RESERVED FOR ME?

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January 10, 2017, 04:35:32 AM
 #3730

Can't wait for distribution and it getting very close.

ProProfi.com — first home improvement project | ICO
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January 10, 2017, 05:25:55 AM
 #3731


It is truly comical to watch people (trolls) who have no real knowledge speak as experts in a subject they know nothing about. Entertaining actually...


This is the Internet...and humanity..where about half the people are either dumb or incredibly, hopelessly stupid.  So not a big surprise that some of them grace us with their prescense and idotic ramblings in here.  I just put them on ignore whenever possible.
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January 10, 2017, 05:29:37 AM
 #3732

BTCD price is rising quickly, on strong volume, now that the BTCD to KMD swap has officially begun..  
 
Remember that .006512 is equivalent to the ICO price, so still plenty more room to run up to near that level.

Current BTCD Price (Poloniex):  .00432 BTCD/BTC

Current BTC/BTCD rate:
231.48 : 1 (amount of BTCD that you get for 1 BTC)

KMD/BTCD swap rate
: 50.42041779: 1 (amount of KMD you will get for 1 BTCD that you swap on ICO site)

KMD/BTC current rate: 11671.393 (amount of KMD you get for 1 BTC worth of BTCD at current price on Poloniex)

KMD/BTC ICO rate: 7746.522 : 1 (amount of KMD you got for 1 BTC at the end of ICO with no bonus)

Current extra KMD via BTCD: +3924.871KMD or +50.67% extra (relative to ICO KMD/BTC rate at the end of ICO with no bonus)

So at current prices, you get much more KMD that you would have gotten at the end of the ICO.

The price could rise sharply from here to .006512 BTCD/BTC and you would still get the same amount of KMD. per BTC spent, as during the final phase of the ICO.

The swap has begun for KMD, so once you buy the BTCD, move them to the Komodo IC:   https://ico.komodoplatform.com/ or keep them in your own personal wallet:  http://bitcoindark.com/

Request that KMD be added to Poloniex here:   https://poloniex.com/coinRequest
KomodoPlatform
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January 10, 2017, 05:30:58 AM
 #3733

https://www.youtube.com/watch?v=7qmR4Tt3I14 We interviewed Juan S. Galt who works in the komodo Community Smiley

We look forward to the development of Komodo Platform!

Subscribe to our Youtube Channel if you want to see more content: https://www.youtube.com/watch?v=7qmR4Tt3I14
Good luck!

Awesome!  Cool

From that interview came up to my mind how many from komodo team has enough votes to keep them self running notary nodes like for ever?  I think this needs some transparency.

The Komodo team or SuperNET doesn't have any nodes running in the election. There are however 3 test notary nodes that will be ratified and part of the 64 nodes. Two of these nodes is run by jl777 and one by Kolo. There will be free spots for us to do this as SH & AR regions have less than 16 nodes.

There are some individual people who are part of Komodo team and running in the election though. How much BTCD they have or how much BTC they invested during the ICO is their private business, and there's no way to know how much voting power they have. They have aquired their voting power with the same means as everyone else (by investing).

There are some payments due to our team members (i.e. salary & bounties), and those will be paid in KMD after the KMD is distributed. In other words, none of the 10% supply reserved will be used in voting.

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January 10, 2017, 05:53:33 AM
 #3734

The swap was easy and fast, thanks the team for the hard work!!

◈▣ KOMODO ● ICO STARTS OCTOBER 15TH ▣◈
         PROTECTING YOUR PRIVACY WITH BITCOIN'S HASHRATE        
| Untraceable Zero Knowledge Transactions | Delayed Proof of Work / as safe as Bitcoin |
KomodoPlatform
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January 10, 2017, 06:17:38 AM
 #3735

The swap was easy and fast, thanks the team for the hard work!!

Thanks for the kind words!

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January 10, 2017, 09:38:26 AM
 #3736

Notary node candidate @JuanSGalt makes an appearance on http://www.coininterview.com/ and talks about Komodo.



.
  PROTECTING YOUR PRIVACY 
  WITH BITCOIN'S HASHRATE






.
  POWERS SuperNET 
  TECHNOLOGY
.
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SuperNET.org
yassin54
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January 10, 2017, 09:45:14 AM
 #3737

The FAQ of the last few days.


.
  PROTECTING YOUR PRIVACY 
  WITH BITCOIN'S HASHRATE






.
  POWERS SuperNET 
  TECHNOLOGY
.
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SuperNET.org
NotMyFarm
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January 10, 2017, 11:23:35 AM
 #3738

Notary node candidate @JuanSGalt makes an appearance on http://www.coininterview.com/ and talks about Komodo.


Juan is great
he has been around the crypo space for some time
i am happy to see some 'known' pieps participating
 Wink

dzarmush
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January 10, 2017, 02:10:57 PM
 #3739

14% of all BTCD has been swapped to KMD

particl.
Jackido
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January 10, 2017, 02:43:23 PM
 #3740


yes, It looks great. How long does this project last? what can I do to take part in this project?
Which exchanges will this coin be listed ? I'm interested in this project . Thank you.
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