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

[tclo]

Thanks for the quick reply. Yes I was more so wondering if there was any advantage at this point swapping the BTCD that I purchased today (already in hand) vs. waiting 2 more weeks. My main concern is losing liquidity (if needed) for 2 weeks so I wanted to make sure I wasn't missing anything if I hold off until KMD is out before swapping over. From my understanding the conversion rate of BTCD => KMD remains fixed and so long I already am holding my BTCD I will be fine.

There is probably an advantage to buying more BTCD now, rather than waiting until KMD is trading on exchanges, but not really a big advantage to swapping your BTCD at the moment.  However the BTCD > KMD conversion rate is not fixed and it is dropping every day.  However, you also get proof of stake reward for holding BTCD, so those probably cancel each other out.

So yes just hold it until KMD is more liquid...sounds smart.

(And I see that 45.1% of all BTC has already been swapped for KMD.  That is great for just a week after the swap has begun.

[Xosihc]

Thanks PondSea & tclo for the replies. I appreciate you taking the time to answer my question(s). I'm a huge fan of anything jl777 is involved in and I'm sure this will be fun to follow Looking forward to the upcoming months.

[tclo]

BTCD/KMD Price update

Remember that .006512 is equivalent to the ICO price, so still plenty more room to run up to near that level before KMD official distribution on Jan 31.  

Current BTCD Price (Poloniex):  .00444 BTCD/BTC

Current BTC/BTCD rate: 227.27 : 1 (amount of BTCD that you get for 1 BTC)

KMD/BTCD swap rate: 50.35825: 1 (amount of KMD you will get for 1 BTCD that you swap on ICO site)

KMD/BTC current rate: 11445.058 (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: +3698.536 KMD or +47.47% 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.

To swap BTCD for KMD:   https://ico.komodoplatform.com/

Request that KMD be added to Poloniex here:   https://poloniex.com/coinRequest

[rnr]

The following is the REVS snapshot for local wallets with more than 500 BTCD:
.
https://github.com/jl777/komodo/blob/dev/src/REVS.snapshot

https://komodonotary.com/proposed-revs-snapshot.txt

https://komodonotary.com/proposed-revs-snapshot.json has all the entries

If you dont see your address above, or if the amount is not correct, please let me know. The above data will be used to issue the REVS.

For people who swapped BTCD on the ICO site, we will need to wait until you lock your KMD address before REVS can be sent. The REVS address will be the same as the KMD address. Same address, but different blockchains.

My local address is not included.

PM sent

That is only the richest list!

"... with more than 500 BTCD..."

[Karasugoi]

I have decided to vote for

Satinda Grewal in SH
Juan S Galt in NA

jl777 is the best dev in crypto, and SuperNET komodo iguana are by far the best crypto platforms & tech in the cryptosphere today, but the big weakness I see is marketing. To succeed komodo needs a massive influx of users to reach liquidity critical mass to make pax and dex operational, and with jl777 being anonymous, komodo SuperNET is severely lacking in marketing front-men to go to conferences, do interviews, podcasts etc

My belief is ethereum has succeeded to date because of superior front-men like Vitalek, whereas NXT nearly failed because both BCnext and Jean-Luc are anonymous and can't do public facing marketing. NXT only survives today because guys like damelon, evil dave, and riker stepped up to do public performances and marketing.

I will vote for Satinda and Juan because they are both non-anonymous, both doing videos, and have good understanding of the tech. Komodo needs guys like these to do the public facing marketing that jl777 can't.

There are many fine notary candidates, but I have decided to vote based on the biggest komodo weakness .... marketing that achieves mass adoption.

Are any of the other notary candidates public, and doing videos etc, prepared to de-cloak and do confefences, interviews etc ?

Hello CryptoSporidium

I am one of the non-anonymous Notary Node operators.  If elected I certainly will be quite active promoting Komodo in my local bitcoin users meetup (Silicon-Valley-Bitcoin-Users).  We have over 2000 members, and I am pretty sure they would be quite interested in how we take advantage of the security of the blockchain.  Who knows, maybe I will meet some of you at one of the meetings? 

Thanks for voting and I hope others would check me out for NA region notary     https://www.komodoelection.com/candidates/karasugoi/       

[stenkross]

The election has started and it's time to let you know why you should vote for me in the EU region:

• I'm reliable - My testnet node has been up and running for more than 3 months already and history shows that I usually update my node immediately when there's an update available and never missed a ratification.
• I'm cheap - My low subsidy will allow for maximum number of nodes (16) in the EU region! Voting for me means larger number of nodes can get elected, which is great for the overall health of the network!
• I've been doing this before - I have many years of previous linux hosting experience for other cryptos and related projects.
• I don't over do it - I only run one node in one region, which is good for decentralization (if you care about such things).
• I'm committed - SuperNet share hodler and hangaround for two years.
• I'm tough - I live in northern part of Sweden, fighting polarbears is a part of my daily routine, should be worth something...

I go by the handle NxtSwe


Links:
My public profile: https://www.komodoelection.com/candidates/nxtswe/
How to vote guide: https://bitcointalk.org/index.php?topic=1605144.msg17500072#msg17500072

Feel free to ask me questions, publicly or through PM if you want to know more!

Thank you for your time!

[tclo]

BTCD just hit a 27 month high, in USD terms.  It was last at this price way back in October 2014.

And the price is still a bargain, considering how much KMD you get in the swap, etc.

[Fishdude1]

BTCD just hit a 27 month high, in USD terms.  It was last at this price way back in October 2014.

And the price is still a bargain, considering how much KMD you get in the swap, etc.

I suppose that there is reluctance to buy BTCD up to .006512 conversion price out of fear of what good KMD will be when they are not tradeable?

[kaicrypzen]

I suppose that there is reluctance to buy BTCD up to .006512 conversion price out of fear of what good KMD will be when they are not tradeable?

The same has been observed when the ICO started ... the price of BTCD rose, then stabilized a bit before going down. There's a probability that we'll witness the same, well now the release is more concrete than when the ICO started, so buys may increase, afterwards I think it will highly depend on when Komodo becomes exchangeable. And yes, there's also the risk that Komodo will trade under the ICO price, let's hope BTCD price doesn't drag KMD price down and that it would be the other way around.

[soyab0007]

Is it worthy to buy BTCD now and Swap with KMD?

[kaicrypzen]

Is it worthy to buy BTCD now and Swap with KMD?

If you think the KMD price will be higher than the ICO price, then the math-answer is yes. Actually, even it falling under the ICO price to some extent wouldn't hurt your BTCD investment (at current prices). Having said that, know that there's always a risk involved, BTCD could go down or up, KMD could launch at more or less than the ICO price. Assess your risk and invest accordingly.

[PondSea]

I suppose that there is reluctance to buy BTCD up to .006512 conversion price out of fear of what good KMD will be when they are not tradeable?

The same has been observed when the ICO started ... the price of BTCD rose, then stabilized a bit before going down. There's a probability that we'll witness the same, well now the release is more concrete than when the ICO started, so buys may increase, afterwards I think it will highly depend on when Komodo becomes exchangeable. And yes, there's also the risk that Komodo will trade under the ICO price, let's hope BTCD price doesn't drag KMD price down and that it would be the other way around.

Well mooning BTC had a small part to play in the sell off 

[zahra4577]

How long will voting continue? I just checked the email regarding voting .I want to participate in voting but I am not home.Will take me 24 hours to reach and have access to my laptop.I hope voting will continue till then.

[Skerberus]

How long will voting continue? I just checked the email regarding voting .I want to participate in voting but I am not home.Will take me 24 hours to reach and have access to my laptop.I hope voting will continue till then.

Don't worry! You have two weeks to vote for the candidates (until 31. January)

[tclo]

I suspect BTCD price will continue to rise slightly at least to ICO parity and probably more given the low supply to demand. The only way now to buy into KMD pre-distribution/trading is to buy BTCD, pushing the BTCD price upward.

Yes agreed. I started posting here about BTCD when it was about .00310 and now it's .0046.  There is still room for it to run upwards as well.

[torikan]

This swap did not finish.Start to process the end. I asked for the campaigns as KDM, and if I knew I would wait that long, I got BTC. 

[rnr]

How long will voting continue? I just checked the email regarding voting .I want to participate in voting but I am not home.Will take me 24 hours to reach and have access to my laptop.I hope voting will continue till then.

Don't worry! You have two weeks to vote for the candidates (until 31. January)

Until 29.1.2017  

31.1.2017: Distribution

[PondSea]

https://github.com/jl777/komodo/blob/dev/src/REVS.snapshot

This is the full BTCD snapshot.

[psychosis7]

Is it worthy to buy BTCD now and Swap with KMD?

It may be better to wait and buy KMD on exchanges. But don't take my word for it. I had some BTCD that I swapped and bought a long time ago.

[dzarmush]

https://github.com/jl777/komodo/blob/dev/src/REVS.snapshot

This is the full BTCD snapshot.

I don't see my address here: RV5cgPjqt37QBHr94VL5HnXWqcwdqoqoC3