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Question: Do you Accept Komodo ICO conversion vs Reject Komodo ICO conversion and fund new dev team?
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Author Topic: [ANN] BitcoinDark (BTCD)--Financial_Privacy/SuperNET_Core/InstantDEX/PAX/Divs  (Read 1305422 times)
deadlock1
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September 04, 2016, 11:38:38 AM
 #10241



Do I need to have a nxt-wallet to maintain the asset I will get with the swap?

Ich hab heut Nichtgeburtstag! :-)
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syberwolfen
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September 04, 2016, 12:09:44 PM
 #10242

Hi  So my understanding on the futur changes
Look great Smiley but 1btcd  will == 1 komodo? and will it be change automaticly on the exchange

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September 04, 2016, 12:30:19 PM
 #10243



Do I need to have a nxt-wallet to maintain the asset I will get with the swap?


Thanks for the questions! There are three places where you could keep the BTCD: 1) your own BitcoinDark address, 2) your own NXT address (because of MultiGateway), 3) in an exchange.

In the case of:

1) you will for sure receive the new asset
2) if this is technically possible, but we will have to talk with jl777 and revisit this later
3) we would have to collaborate with an exchange, if this is possible we will provide information later

There is still plenty of time before the end of ICO, we will provide a detailed description regarding this before that!

Hi  So my understanding on the futur changes
Look great Smiley but 1btcd  will == 1 komodo? and will it be change automaticly on the exchange

The BTCD to Komodo exchange rate depends on how much money the ICO rases. You see, the BTCD is counted as an investment towards the ICO. We promise a rate of 0.00532 BTC/BTCD for the ICO.

This is the announcement we made in the Komodo thread:

Quote
BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established, meaning that if you send one BTCD you will receive 0.00532074 BTC worth of Komodo. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August. The swapping process will take place after the ICO and detailed information will be posted soon.

Average price in Aug = 0.00354716 BTC/BTCD
BTCD exchange rate =  0.00354716 * 1.5 = 0.00532074 BTC/BTCD

When we take into account the bonuses during ICO, we get:

Oct. 15 -           25% bonus  = 0.00425 BTC/BTCD
Oct. 16-22 -      20% bonus  = 0.00443 BTC/BTCD
Oct. 23-29 -      15% bonus  = 0.00462 BTC/BTCD
Oct. 30-Nov 5 - 10% bonus = 0.00483 BTC/BTCD
Nov 6-12 -         5% bonus   = 0.00506 BTC/BTCD
Nov 13-20 -       0% bonus   = 0.00532 BTC/BTCD


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September 04, 2016, 01:08:50 PM
 #10244

I don't get it how
25% bonus  = 0.00425 BTC/BTCD

0% bonus   = 0.00532 BTC/BTCD

It should be the oposite
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September 04, 2016, 01:22:20 PM
 #10245

I don't get it how
25% bonus  = 0.00425 BTC/BTCD

0% bonus   = 0.00532 BTC/BTCD

It should be the oposite

It´s quite simpel: With Bonus you are paying less.

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September 04, 2016, 01:31:18 PM
 #10246

Who are the devs for komodo besides jl?

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KomodoPlatform
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September 04, 2016, 01:59:46 PM
 #10247

I don't get it how
25% bonus  = 0.00425 BTC/BTCD

0% bonus   = 0.00532 BTC/BTCD

It should be the oposite

Right now BTCD price is fixed to bitcoin (because we promise it to be worth  0.00532 BTC in the Komodo ICO)

Thus the BitcoinDark marketcap is 6835 BTC ( 0.00532074 BTC/BTCD × 1284606 BTCD = 6835 BTC )

But we don't yet know how many KMD coins you will receive, because we don't know how many bitcoins the ICO will raise.

You should think of your BTCD holdings as if it were BTC that would be "invested" in the ICO at the last day of the ICO.

When the ICO ends an exchange rate between BTCD and KMD is calculated, and then you can swap your BTCD to KMD during one year period.

Who are the devs for komodo besides jl?

Komodo is coded almost entirely by jl777. With the funds we raise in the ICO will able us to hire more developers.

There is also a GUI team that is working for other SuperNET related projects, and who will also be working for Komodo.

You can see a full list of our team from the Komodo website: https://komodoplatform.com/

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bitkokos2
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September 04, 2016, 02:35:50 PM
 #10248

I don't get it how
25% bonus  = 0.00425 BTC/BTCD

0% bonus   = 0.00532 BTC/BTCD

It should be the oposite

It´s quite simpel: With Bonus you are paying less.

I think it's exactly the opposite of what you are saying.
With bonus I GET less.

I give 1 btcd and get KMD equivalent of 0.00425 btc (with bonus)
I give 1 btcd and get KMD equivalent of 0.00532 btc (without bonus)

Or the BTCD to KMD swap is fixed 0.00532 and the bonus stuff is for those willing to exchange BTC to KMD ?
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September 04, 2016, 03:20:27 PM
 #10249

I don't get it how
25% bonus  = 0.00425 BTC/BTCD

0% bonus   = 0.00532 BTC/BTCD

It should be the oposite

It´s quite simpel: With Bonus you are paying less.

I think it's exactly the opposite of what you are saying.
With bonus I GET less.

I give 1 btcd and get KMD equivalent of 0.00425 btc (with bonus)
I give 1 btcd and get KMD equivalent of 0.00532 btc (without bonus)

Or the BTCD to KMD swap is fixed 0.00532 and the bonus stuff is for those willing to exchange BTC to KMD ?

Bolded is correct

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September 04, 2016, 03:25:14 PM
 #10250

I don't get it how
25% bonus  = 0.00425 BTC/BTCD

0% bonus   = 0.00532 BTC/BTCD

It should be the oposite

It´s quite simpel: With Bonus you are paying less.

I think it's exactly the opposite of what you are saying.
With bonus I GET less.

I give 1 btcd and get KMD equivalent of 0.00425 btc (with bonus)
I give 1 btcd and get KMD equivalent of 0.00532 btc (without bonus)

Or the BTCD to KMD swap is fixed 0.00532 and the bonus stuff is for those willing to exchange BTC to KMD ?

The Swap is fixed at 0.00532 and you dont get the 25% bonus

In
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deadlock1
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September 04, 2016, 05:20:09 PM
 #10251


The Swap is fixed at 0.00532 and you dont get the 25% bonus

So the Swaptime BTCD--> Komodo begins exactly when? And ends when?

Ich hab heut Nichtgeburtstag! :-)
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September 04, 2016, 05:57:33 PM
 #10252


The Swap is fixed at 0.00532 and you dont get the 25% bonus

So the Swaptime BTCD--> Komodo begins exactly when? And ends when?

The swap begins at the end of the ICO, and you have one full year to do the swap.

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September 04, 2016, 07:16:00 PM
 #10253

Now another part. The "owner" of BTCD as far as I know (I might be mistaken) is/was Azeh. Which as far as I can see is not active in here and instead of that he is active in another coin. He didn't send weekly dividents for 3 months.

When are we getting the dividends that are owed for the past 3 months, according to the above?
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September 04, 2016, 08:59:19 PM
 #10254

Average price in Aug = 0.00354716 BTC/BTCD
BTCD exchange rate =  0.00354716 * 1.5 = 0.00532074 BTC/BTCD

When we take into account the bonuses during ICO, we get:

Oct. 15 -           25% bonus  = 0.00425 BTC/BTCD
Oct. 16-22 -      20% bonus  = 0.00443 BTC/BTCD
Oct. 23-29 -      15% bonus  = 0.00462 BTC/BTCD
Oct. 30-Nov 5 - 10% bonus = 0.00483 BTC/BTCD
Nov 6-12 -         5% bonus   = 0.00506 BTC/BTCD
Nov 13-20 -       0% bonus   = 0.00532 BTC/BTCD



To explain this chart a little. The BTC price here refers to the "max" price you paid for a BTCD coin to get the "max" bonus in relation to BTC investors (25 first day bonus).

You would have to buy under these prices to make sure you are better off swapping than investing with BTC.





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September 04, 2016, 09:00:23 PM
 #10255

Now another part. The "owner" of BTCD as far as I know (I might be mistaken) is/was Azeh. Which as far as I can see is not active in here and instead of that he is active in another coin. He didn't send weekly dividents for 3 months.

When are we getting the dividends that are owed for the past 3 months, according to the above?

When Sasha has time to do it.

I will speak to Azeh and see if he has the calculations of how much he can dividend out then i will front him the BTCD to get everyone paid first.





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bitkokos2
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September 04, 2016, 09:47:07 PM
 #10256

Now another part. The "owner" of BTCD as far as I know (I might be mistaken) is/was Azeh. Which as far as I can see is not active in here and instead of that he is active in another coin. He didn't send weekly dividents for 3 months.

When are we getting the dividends that are owed for the past 3 months, according to the above?

When Sasha has time to do it.

I will speak to Azeh and see if he has the calculations of how much he can dividend out then i will front him the BTCD to get everyone paid first.

Thanks.
by the way, will this be the last time for dividents or we will continue receiving in the future?
PondSea
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September 04, 2016, 10:33:27 PM
 #10257

Now another part. The "owner" of BTCD as far as I know (I might be mistaken) is/was Azeh. Which as far as I can see is not active in here and instead of that he is active in another coin. He didn't send weekly dividents for 3 months.

When are we getting the dividends that are owed for the past 3 months, according to the above?

When Sasha has time to do it.

I will speak to Azeh and see if he has the calculations of how much he can dividend out then i will front him the BTCD to get everyone paid first.

Thanks.
by the way, will this be the last time for dividents or we will continue receiving in the future?

I would have to ask Azeh, but i think it should come till we switch over, then the asset chains will take over divs. In terms of the stakers div, that i dont know.





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bitkokos2
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September 04, 2016, 10:43:44 PM
 #10258

Now another part. The "owner" of BTCD as far as I know (I might be mistaken) is/was Azeh. Which as far as I can see is not active in here and instead of that he is active in another coin. He didn't send weekly dividents for 3 months.

When are we getting the dividends that are owed for the past 3 months, according to the above?

When Sasha has time to do it.

I will speak to Azeh and see if he has the calculations of how much he can dividend out then i will front him the BTCD to get everyone paid first.

Thanks.
by the way, will this be the last time for dividents or we will continue receiving in the future?

I would have to ask Azeh, but i think it should come till we switch over, then the asset chains will take over divs. In terms of the stakers div, that i dont know.

Thank you!
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September 04, 2016, 10:49:46 PM
 #10259

I was looking at the block explorer recently and what I see is a handful of wallets with tens of thousands of transactions. As I understand these are the wallets which were staking from 2014 when no-one was even thinking about dividends. Considering how much electricity those people burned for these years to keep the blockchain secure I would give those wallets some preferable conversation rate if I were you. That would kill couple or rabbits with one stone. I am pretty sure you have a lot of those stakers complaining now, plus that would show future investors the team is actually care about long time commitment. Which ever number of stakes you choose does not matter (for me at least, I've got only handful), just choose how many wallets you want to reward and get that stake number. In the big picture those would not matter.

Let us know what you think of that.
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September 05, 2016, 12:54:13 AM
 #10260

Windows BTCD Wallet doesn't sync having only 1 active connection. I have added suggested nodes to the conf file. Any thoughts?
Thanks.
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