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

[markj113]

LP nodes use Centralised Exchanges AND their funds from their own local wallets. BOTH at the same time!

I wonder if the Withdrawal limits, KYC, etc. that centralized exchanges enforce will be an obstacle in the future.  A LP node operator obtaining verified status with the exchange is a pretty straightforward process, but will they be able to move funds around freely?  Thinking ahead when DEX is a major success and it gets crazy Volume! 

We will probably need lots of small private annonomous LP nodes to boost liquidity

[1714181141]

1714181141

[1714181141]

1714181141

[1714181141]

1714181141

[grewalsatinder]

LP nodes use Centralised Exchanges AND their funds from their own local wallets. BOTH at the same time!

I wonder if the Withdrawal limits, KYC, etc. that centralized exchanges enforce will be an obstacle in the future.  A LP node operator obtaining verified status with the exchange is a pretty straightforward process, but will they be able to move funds around freely?  Thinking ahead where DEX is a major success and it gets crazy Volume!  
 

>but will they be able to move funds around freely?

Not sure what this line exactly means.

I assume the LP nodes who will choose to use centralized exchanges will be willing to go to limits to be as profitable as possible.

Also remember that LP nodes are not just the liquidity provider nodes, but also using the LP feature of Market Maker. This means all the LP nodes are using a free Marketing Making DAPP which is giving you profit at the end. People has been using software like CAT market maker and others for such long and paid to get such software.

A serious trader will take full benefit of both sides.

[grewalsatinder]

>but will they be able to move funds around freely?

Not sure what this line exactly means.

I was referring to Withdrawal limits potentially being an obstacle, but there's a chance I have misunderstood how the DEX will work.  

I think Withdrawl issue is a centralised exchange specific issue. Rules changing with exchanges in present and future will affect traders of centralized exchanges. Nobody can comment how exactly things will turn out

LP nodes setting their trades with local wallets on their machines have no such limits. So, it may be possible bigger trades will happen on local wallet setup. Again, it's just every trader's choice how they do things.

[KomodoPlatform]

>but will they be able to move funds around freely?

Not sure what this line exactly means.

I was referring to Withdrawal limits potentially being an obstacle, but there's a chance I have misunderstood how the DEX will work. 

The LP node won't have to withdraw in order to complete the trade. When someone buys from DEX the funds will be sent from the LP node's local wallet. In other words, the LP is keeping funds in both DEX and a centralized exchange.

It's just like arbitrage between two centralized exchanges, but in this case the other one is our DEX.

If you buy KMD from DEX then the LP will send KMD from its local wallet and balance the trade by purchasing more KMD from the exchange. If people buy more KMD via DEX than they sell, then the LP node can balance its books by withdrawing more BTC to its local wallet.

[komodomining]

Hello Komodo community,
now it's possible to download our free Android app, it's a very simple tool for check and monitoring KOMODO workers and miners on http://komodominingpool.com

Download it here: https://play.google.com/store/apps/details?id=com.cloudmining.app&hl=it

We show statistics of your account :
- Reported Pool Hashrate with Coin Price and Cryptocurrency global market position;
- Current Active Workers;
- Effective Miner Current Hashrate;
- Total Shares;
- Total Block Mined;
- Total Block Paid;
- Pool settings info
- Worker detail:
 Effective Hashrate, Reported Hashrate, Shares and total block paid
- Personal mining graph stats for all Cpus or Rigs workers
- Push notification for any kind of communication (pool, Komodo and Supernet project too)

We would appreciate any comments or suggestions that will help us to enhance our project
Thank you

=============================================
http://komodominingpool.com
Mine with us now!

[Roselop]

>but will they be able to move funds around freely?

Not sure what this line exactly means.

I was referring to Withdrawal limits potentially being an obstacle, but there's a chance I have misunderstood how the DEX will work. 

The LP node won't have to withdraw in order to complete the trade. When someone buys from DEX the funds will be sent from the LP node's local wallet. In other words, the LP is keeping funds in both DEX and a centralized exchange.

It's just like arbitrage between two centralized exchanges, but in this case the other one is our DEX.

If you buy KMD from DEX then the LP will send KMD from its local wallet and balance the trade by purchasing more KMD from the exchange. If people buy more KMD via DEX than they sell, then the LP node can balance its books by withdrawing more BTC to its local wallet.

This is a good idea and DEX will be a independent exchange . We can buy and sell on itself and therefore we can support the price and volume change for our coin . it can help us control issues happening in our exchange.

[yassin54]

Komodo has a plan for cryptocurrency mass adoption! bitcoin blockchain.

https://supernet.org/en/resources/articles/secure-private-and-stable-money-the-blueprint-for-cryptocurrency-mass-adoption

Twitter : https://twitter.com/KomodoPlatform/status/857934114326011906

Reddit : https://www.reddit.com/r/komodoplatform/comments/682b91/komodo_has_a_plan_for_cryptocurrency_mass/

Facebook : https://www.facebook.com/KomodoPlatform/photos/a.330322533980991.1073741828.321638648182713/447122292301014/?type=3&theater

News SuperNET : http://news.supernet.org/posts/LF56evFjCffRK9QgR/komodo-has-a-plan-for-cryptocurrency-mass-adoption-bitcoin

[SamLombardo]

Could someone please tell me how does this "earned interests" thing work ?
I have some kmd on my agama wallet. I can see them and some "earned interests" too.
Is there a payout for the earned interests ?

Thanks for your help.

[KomodoPlatform]

Could someone please tell me how does this "earned interests" thing work ?
I have some kmd on my agama wallet. I can see them and some "earned interests" too.
Is there a payout for the earned interests ?

Thanks for your help.

You don't have to do anything. You receive the interest automatically, just like you have observed.

It's yours, you already have it, no one can take it away, there is nothing to claim or do.

Once you send KMD it will disappear from the "interest box" to and will start again automatically accumulating interest.

[Danimore]

Komodo has a plan for cryptocurrency mass adoption! bitcoin blockchain.

https://supernet.org/en/resources/articles/secure-private-and-stable-money-the-blueprint-for-cryptocurrency-mass-adoption

Twitter : https://twitter.com/KomodoPlatform/status/857934114326011906

Reddit : https://www.reddit.com/r/komodoplatform/comments/682b91/komodo_has_a_plan_for_cryptocurrency_mass/

Facebook : https://www.facebook.com/KomodoPlatform/photos/a.330322533980991.1073741828.321638648182713/447122292301014/?type=3&theater

News SuperNET : http://news.supernet.org/posts/LF56evFjCffRK9QgR/komodo-has-a-plan-for-cryptocurrency-mass-adoption-bitcoin

Wow. This picture has fully explained about the mechanism of Supernet operation.
It's really easy to understand through this picture. Good Job. Dev

[Tokie]

I was joined komodo ico.
I did
Withdrawals
Type    Amount    Status    Sent
KMD   1450.48101086   PENDING OUTGOING   2017-04-15, 12:10 PM
RRZgQUxBpHUH9PtAE3X9sBu8nGX7VYXWMU

But untill now, I do not recieve to agamawallet.
Why?

[polycryptoblog]

I was joined komodo ico.
I did
Withdrawals
Type    Amount    Status    Sent
KMD   1450.48101086   PENDING OUTGOING   2017-04-15, 12:10 PM
RRZgQUxBpHUH9PtAE3X9sBu8nGX7VYXWMU

But untill now, I do not recieve to agamawallet.
Why?

Due to the low volume of requested payouts,   payouts from the ICO site have been reduced to once a month.    The next one will be in the beginning of May.

[polycryptoblog]

Looking to buy REVS or other jl777 assets,    DM me if you are interested.

[SamLombardo]

Could someone please tell me how does this "earned interests" thing work ?
I have some kmd on my agama wallet. I can see them and some "earned interests" too.
Is there a payout for the earned interests ?

Thanks for your help.

You don't have to do anything. You receive the interest automatically, just like you have observed.

It's yours, you already have it, no one can take it away, there is nothing to claim or do.

Once you send KMD it will disappear from the "interest box" to and will start again automatically accumulating interest.

Thanks for the quick reply.
But if i want to send my kmd and my earned interests, its not possible. I only can send my own Kmd without earned interests. And if i have a look to blockchainexplorer, i can also only See my Kmd without the amount of earned interests.

[ca333]

SamLombardo, you just send any amount of KMD somewhere and then the interests will get spendable. By initiating a tx they will be part of spendable balance.

Could someone please tell me how does this "earned interests" thing work ?
I have some kmd on my agama wallet. I can see them and some "earned interests" too.
Is there a payout for the earned interests ?

Thanks for your help.

You don't have to do anything. You receive the interest automatically, just like you have observed.

It's yours, you already have it, no one can take it away, there is nothing to claim or do.

Once you send KMD it will disappear from the "interest box" to and will start again automatically accumulating interest.

Thanks for the quick reply.
But if i want to send my kmd and my earned interests, its not possible. I only can send my own Kmd without earned interests. And if i have a look to blockchainexplorer, i can also only See my Kmd without the amount of earned interests.

[KomodoPlatform]

Exciting News!

Someone is also testing our Native Decentralize Exchange with atomic swaps and the liquidity provider (LP) nodes it will be using. jl777 has been testing the liquidity providers that create the liquidity for the decentralized exchange. Usually the atomic swap happens through his own test nodes, but in this case it appears that also someone else was running such a node.

it seems during my testing, i did an atomic swap with a node that is not mine!

to my knowledge, this is the first time for this to happen

There was a long update, along with a conversation in #komodo channel between jl777 and grewalsatinder. In short, jl777 created 'smart addresses' that automatize the BTC or KMD anynymization process. Our new bitcoin implementation, Iguana Core, will monitor those addresses and once it detects new funds there it will automatically proceed to anonymize them by funneling them to another address. The technology uses Komodo's Z-transactions.

I have verified both directions of the KMD <-> BTC dexing and jumblr should still work, ie. ready for testing the full system

To read the full conversation and updates, and to stay up to date with all the progress, please join our Slack: slackinvite.supernet.org

The source of this information: #komodo #tradebots

[kashish948]

i swapped btcd to komondo today and requested a payout, how long does it take to receive kmd?

[markj113]

i swapped btcd to komondo today and requested a payout, how long does it take to receive kmd?

Now claims are processed manually monthly, I think you have either just missed the last payment or its due any time now

[markj113]

Exiting News!

Should that be "Exciting News!"

[kashish948]

i swapped btcd to komondo today and requested a payout, how long does it take to receive kmd?

Now claims are processed manually monthly, I think you have either just missed the last payment or its due any time now

is there somewhere there is a date?