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

[polycryptoblog]

Got a question for the team:

Has anyone informed the developers/coin communities of all the coins supported by the iguana wallet that their coin is included?  Would be nice way to bring in more users if that hasn't already been done.

It is part of our marketing plan to extend our hand out to these coin communities.   Let's get a stable Iguana out first though shall we?

[tclo]

If you haven't already done so, be sure to request that KMD be added to Poloniex:

https://poloniex.com/coinRequest

Here are some answers to the questions on the form:

What is the name of the coin? *
Komodo
 
What is the coin's symbol? *
KMD
 
Please link to the announcement page. *
https://bitcointalk.org/index.php?topic=1605144.3100
 
If the coin has a website, please link it here.
https://komodoplatform.com/
 
If the coin has a block explorer, please link it here.
https://kpx.io/
 
Please explain why you would like to see this coin added to the exchange.
KMD is a new anonymous crypto currency, partly built off of Zcash architecture and there is a great deal of interest in this coin.  Also there will be arbitrage between KMD and BTCD, so Poloniex will get double the commissions/fees.
 
If this coin has any significant innovations over other coins, please elaborate on them here.
Delayed Proof of work (DPow) is very innovative.

[vlight]

So let me get this straight.
First, if you have hefty amount of KMD, transferring them from one address into another every day will get you way more then 5% a year.
Second, even if you want cold storage with 5% APR, you'll need to move your coins once a year minimum. Hard to call that a cold storage, is it?

It's not way more than 5% a year.

[Odrak]

So let me get this straight.
First, if you have hefty amount of KMD, transferring them from one address into another every day will get you way more then 5% a year.
Second, even if you want cold storage with 5% APR, you'll need to move your coins once a year minimum. Hard to call that a cold storage, is it?

It's not way more than 5% a year.

More like 5,1267496467% per year

[twistelaar]

Why is it not listed on coinexchange yet, and why is the trading volume so low on coinexchange, jees.

[bctacc32]

So let me get this straight.
First, if you have hefty amount of KMD, transferring them from one address into another every day will get you way more then 5% a year.
Second, even if you want cold storage with 5% APR, you'll need to move your coins once a year minimum. Hard to call that a cold storage, is it?

That seems correct.

...
So basically, if in one  5 years time you don't do anything with your KMD tokens you will in turn earn compounding interest.

That seems incorrect.
Compounded interest only if you move your coins to a new address frequently (in 5 years time at least once a year).

[bctacc32]

So let me get this straight.
First, if you have hefty amount of KMD, transferring them from one address into another every day will get you way more then 5% a year.
Second, even if you want cold storage with 5% APR, you'll need to move your coins once a year minimum. Hard to call that a cold storage, is it?

It's not way more than 5% a year.

More like 5,1267496467% per year

Quick question: Do you have a formula for that? Or how did you calculate that number?
My way of thinking was not made for maths, so I did this:

Code:

double kmd = 100.0;
for(int i = 0; i < 365; ++i)
    kmd *= 1.0 + 0.05 / 365;

Which indeed returns 105.127

[komolove]

Hi im komodo ico

But i write pay out adress is wrong
Because copy my seed adress

But it is sent...

My wallet not give komodo

i sent komodo email noreply@komodoplatform.com

but have no answer...

where can i communicate if i send email???

[CryptoSporidium]

5% APR is what accrues, for all utxo older than an hour and more than 10KMD

After 1 month, 5%/12 has accrued. It is earned. It is "there", even though it doesnt exist anywhere. There is no record of this interest directly on the blockchain. However all nodes have a consensus to the satoshi of how much interest you have earned.The wallets take this into account when creating a transaction. So you can spend it.

After 2 months 5%/6 has accrued.
etc.

As soon as the interest has accrued, you can spend it. I am not sure what about this is unclear. It could be that all other systems are some sort of complicated thing that is entangled with block creation.

In KMD, you earn 5% per year, just by owning the KMD. Nothing at all has to be done.

This means even cold storage KMD is earning interest.

There is a cap of 5% total accrued interest per utxo, which means after a year you are not earning any more interest.

The compounding happens as a natural effect of being able to spend the accrued interest at any time

Does that mean in order to compund the interest the coins must be moved periodically? If you hodl do you get compound interest, or simple interest?

In theory, a compounded interest is a financial term by which periodically earns interest from its previous holding principal. Once the said interest was added to the principal, this amount would then become the next principal that will be derived for the next interest. So basically, if in one  5 years time you don't do anything with your KMD tokens you will in turn earn compounding interest.

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

[dzarmush]

Hi im komodo ico

But i write pay out adress is wrong
Because copy my seed adress

But it is sent...

My wallet not give komodo

i sent komodo email noreply@komodoplatform.com

but have no answer...

where can i communicate if i send email???

Dude, you need to try better if you want people to understand you. Try your native language, maybe someone from your country would help you.

[jwiz168]

5% APR is what accrues, for all utxo older than an hour and more than 10KMD

After 1 month, 5%/12 has accrued. It is earned. It is "there", even though it doesnt exist anywhere. There is no record of this interest directly on the blockchain. However all nodes have a consensus to the satoshi of how much interest you have earned.The wallets take this into account when creating a transaction. So you can spend it.

After 2 months 5%/6 has accrued.
etc.

As soon as the interest has accrued, you can spend it. I am not sure what about this is unclear. It could be that all other systems are some sort of complicated thing that is entangled with block creation.

In KMD, you earn 5% per year, just by owning the KMD. Nothing at all has to be done.

This means even cold storage KMD is earning interest.

There is a cap of 5% total accrued interest per utxo, which means after a year you are not earning any more interest.

The compounding happens as a natural effect of being able to spend the accrued interest at any time

Does that mean in order to compund the interest the coins must be moved periodically? If you hodl do you get compound interest, or simple interest?

In theory, a compounded interest is a financial term by which periodically earns interest from its previous holding principal. Once the said interest was added to the principal, this amount would then become the next principal that will be derived for the next interest. So basically, if in one  5 years time you don't do anything with your KMD tokens you will in turn earn compounding interest.

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.

[Odrak]

So let me get this straight.
First, if you have hefty amount of KMD, transferring them from one address into another every day will get you way more then 5% a year.
Second, even if you want cold storage with 5% APR, you'll need to move your coins once a year minimum. Hard to call that a cold storage, is it?

It's not way more than 5% a year.

More like 5,1267496467% per year

Quick question: Do you have a formula for that? Or how did you calculate that number?
My way of thinking was not made for maths, so I did this:

Code:

double kmd = 100.0;
for(int i = 0; i < 365; ++i)
    kmd *= 1.0 + 0.05 / 365;

Which indeed returns 105.127

It's: 1(1+0.05/365)^365

[CryptoSporidium]

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.

Cool, compunding annually for cold storage coins is still awesome!

[jeewaka]

Hi im komodo ico

But i write pay out adress is wrong
Because copy my seed adress

But it is sent...

My wallet not give komodo

i sent komodo email noreply@komodoplatform.com

but have no answer...

where can i communicate if i send email???

you sent to the wrong email, as "noreply" emails are not looked at

[jd1959]

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.

Cool, compounding annually for cold storage coins is still awesome!

Read the fine print if coins are left in place/not moved after 12 months interest will stop being accrued ...... it's a matter of use or lose it..... which actually really sucks....so much for just holding

Cheers Jon  

[RJF19]

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.

Cool, compounding annually for cold storage coins is still awesome!

Read the fine print if coins are left in place/not moved after 12 months interest will stop being accrued ...... it's a matter of use or lose it..... which actually really sucks....so much for just holding

Cheers Jon  

I believe that's the whole point, KMD is made to be used, not held. Kinda makes sense although you make one move a year and keep earning.

[CryptoSporidium]

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.

Cool, compounding annually for cold storage coins is still awesome!

Read the fine print if coins are left in place/not moved after 12 months interest will stop being accrued ...... it's a matter of use or lose it..... which actually really sucks....so much for just holding

Cheers Jon  

I believe that's the whole point, KMD is made to be used, not held. Kinda makes sense although you make one move a year and keep earning.

Ok, so to get compound interest we move coins once a year, I can live with that, will do on anniversary of first payout every year, like a second birthday

[bctacc32]

It's: 1(1+0.05/365)^365

Uh.. yes.. of course.. back to school Thanks.

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.

Without touching you couldn't earn interest anymore after 1 year.
Earn interest (by sending coins to a new address) every day: 5.127% APR, every month: 5.116% APR, every year: 5.0% APR ..

[jwiz168]

It's: 1(1+0.05/365)^365

Uh.. yes.. of course.. back to school Thanks.

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.

Without touching you couldn't earn interest anymore after 1 year.
Earn interest (by sending coins to a new address) every day: 5.127% APR, every month: 5.116% APR, every year: 5.0% APR ..

Oh ok is that what the dev referred to as demur-rage like the freicoin did ? Ok my bad . Just so happened before the accrued explanation they also mentioned that balance in the blockchain would earn interest without doing anything.

[tclo]

What was ICO price?
How much total supply?
How much BTC raised?

Your answers are probably on the first page of the thread.