[KMD] Komodo speculation

[tclo]

speculation.. but hey looking at Zcash trading at launch in poloniex - hell why can't Komodo achieve something like that. a little hype here, maybe some delays and it can be even 1 BTC.. lol 

Put in a request for KMD to be traded there:

https://poloniex.com/coinRequest

I plan to do so once we have a firm date when KMD will be distributed.

[1714787022]

1714787022

[1714787022]

1714787022

[tclo]

BTCD price is rising in anticipation of the impending swap.  Now the price is .00379, and there is 13 BTC worth of BTCD at the bid at .00310 or higher.

Remember that .00651 is equivalent to the ICO price, so still plenty more room to run up before the swap and afterwards as well.

.00379 i still a great deal...

Current BTCD Price (Poloniex):  .00379 BTCD/BTC

Current BTC/BTCD rate: 263.85 : 1 (amount of BTCD that you get for 1 BTC)

KMD/BTCD swap rate: 50.4488 : 1 (amount of KMD you will get for 1 BTCD that you swap on ICO site)

KMD/BTC current rate: 13311.029 (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: +5564.507 KMD or +71.83% 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.

Once you buy BTCD, be sure to move it to your personal wallet.  BTCD is Proof of Stake so you will receive extra free BTCD from automatic mining when you have it in your own wallet.  And you also need it in your personal wallet before the KMD “snapshot” that will get you the extra REVS asset.  Download BTCD wallet here:  http://bitcoindark.com/

[thepo1m]

No need to speculate.
As KMD is pegged to BTCD by the rate of 50 KMD = 1 BTCD roughly, this gives an indication for the KMD price this minute: BTCD/50 = 0,004BTC/50 = 8k sats. With a total ammount of 100M KMD this results in a marketcap of roughly 8000 BTC or 6,24M USD.

Does this makes sense to you all?

It doesn't make sense and have said it before that the swap scheme was a scam and it is proofing to be so; if I invest 0.11BTC and I was given 825KMD, the ICO price is 1KMD= 13333sat, so for you to come out with your valuation of 8000sat is baffling.

[tclo]

No need to speculate.
As KMD is pegged to BTCD by the rate of 50 KMD = 1 BTCD roughly, this gives an indication for the KMD price this minute: BTCD/50 = 0,004BTC/50 = 8k sats. With a total ammount of 100M KMD this results in a marketcap of roughly 8000 BTC or 6,24M USD.

Does this makes sense to you all?

It doesn't make sense and have said it before that the swap scheme was a scam and it is proofing to be so; if I invest 0.11BTC and I was given 825KMD, the ICO price is 1KMD= 13333sat, so for you to come out with your valuation of 8000sat is baffling.

WGAF if is a scam or not.  You belong in the long-term investing forum or the conspiracy theory forum.  You don't understand what speculation is.  I've already made about 25% return on BTCD in the past week. That is what speculation and profit and money is about.  So sit on the sidelines and pontificate and the rest of us will trade and profit.

And for the record, it is not a scam, but again, I don't care.

[MWesterweele]

I am waiting for the price to be increase more im not that on panic who in need money at the moment waiting for the pricr to be right before selling all my konodos the price of komodos on market is not good for me but for those who are taking short trading its good for thm.

[Starfleet.Intelligence]

No need to speculate.
As KMD is pegged to BTCD by the rate of 50 KMD = 1 BTCD roughly, this gives an indication for the KMD price this minute: BTCD/50 = 0,004BTC/50 = 8k sats. With a total ammount of 100M KMD this results in a marketcap of roughly 8000 BTC or 6,24M USD.

Does this makes sense to you all?

It doesn't make sense and have said it before that the swap scheme was a scam and it is proofing to be so; if I invest 0.11BTC and I was given 825KMD, the ICO price is 1KMD= 13333sat, so for you to come out with your valuation of 8000sat is baffling.

I dont know whats wrong with my evaluation. BTCD and KMD are pegged by the exchange factor of about 50. Therefore the price @Polo is a good indication for the complete market valuation.

[thepo1m]

I am waiting for the price to be increase more im not that on panic who in need money at the moment waiting for the pricr to be right before selling all my konodos the price of komodos on market is not good for me but for those who are taking short trading its good for thm.

Which of the markets are you talking about, Komodo is not yet on any exchange

[22naru]

No need to speculate.
As KMD is pegged to BTCD by the rate of 50 KMD = 1 BTCD roughly, this gives an indication for the KMD price this minute: BTCD/50 = 0,004BTC/50 = 8k sats. With a total ammount of 100M KMD this results in a marketcap of roughly 8000 BTC or 6,24M USD.

Does this makes sense to you all?

It doesn't make sense and have said it before that the swap scheme was a scam and it is proofing to be so; if I invest 0.11BTC and I was given 825KMD, the ICO price is 1KMD= 13333sat, so for you to come out with your valuation of 8000sat is baffling.

if you was doing like this : 0.11 btc buy =>btcd  then swap for komodo= 1kmd= aprox 8000sat

[RJF19]

No need to speculate.
As KMD is pegged to BTCD by the rate of 50 KMD = 1 BTCD roughly, this gives an indication for the KMD price this minute: BTCD/50 = 0,004BTC/50 = 8k sats. With a total ammount of 100M KMD this results in a marketcap of roughly 8000 BTC or 6,24M USD.

Does this makes sense to you all?

It doesn't make sense and have said it before that the swap scheme was a scam and it is proofing to be so; if I invest 0.11BTC and I was given 825KMD, the ICO price is 1KMD= 13333sat, so for you to come out with your valuation of 8000sat is baffling.

You throw the word "scam" around without consideration for the word "liable" Be careful with your accusations. Unless you can show irrefutable proof of illegal activity, I suggest you give it a rest. There is no way to make everyone happy in any of this but, the majority is pleased. Case closed.

[xtyling]

When will KMD coins be on market ?

[KomodoPlatform]

When will KMD coins be on market ?

The coins will be distributed on January 31st.

[topesis]

When will KMD coins be on market ?

The coins will be distributed on January 31st.

I don't think KomodoPlatform get the question, he was asking when the tokens will be available for trading on exchanges.
 I think it is long overdue

[JeffBrad12]

When will KMD coins be on market ?

The coins will be distributed on January 31st.

I don't think KomodoPlatform get the question, he was asking when the tokens will be available for trading on exchanges.
 I think it is long overdue

You miss the explanation of komodo, the distribute of a coin will also be meaning if the coin can be tradable in exchange. So we just wait about which the exchange site will be able to trade KMD.

[tclo]

Request that KMD be added to Poloniex here:

https://poloniex.com/coinRequest

[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

[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.

[thepo1m]

Though I'm of the opinion that the swap deal of BTCD for KMD shortchanged the ICO investors but if Komodo team will get KMD listed on Poloniex it will really pacify me and will give job well done to Komodo team

[QuantumTX]

one can only hope this project will be traded on poloniex from initial release, a usd tether would do wonders for larger possible investors.

[tclo]

BTCD just hit a new 26 month high in USD terms.. $4.40.  It seems to be creeping higher and higher in anticipation of KMD distribution on Jan 31st.   Here are the details why:

Current BTCD Price (Poloniex):  .004885 BTCD/BTC

Current BTC/BTCD rate: 204.71: 1 (amount of BTCD that you get for 1 BTC)

KMD/BTCD swap rate: 50.3375: 1 (amount of KMD you will get for 1 BTCD that you swap on ICO site)

KMD/BTC current rate: 10304.511 (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: +2557.989 KMD or +33.02% 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

[tclo]

BTCD up 30% now on Poloniex.  It hit .0063.