What is the BTCD/KMD exchange rate? 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.

The BTCD to KMD exchange rate depends on how much money the ICO raises in BTC. Thus the exchange rate can be calculated only after the ICO is over. How was the BTC/BTCD exchange rate calculated? This exchange rate was determined by adding a 50% bonus to the daily closing price average of August. That is the previously mentioned 0.00532074 BTC per BTCD. However, because of the way ICO is structured, it would be profitable to sell your BTCD at the 0.0053 rate in order to take advantage of the early bird bonus (for example, 25% in the first day). Thus the BTCD/BTC exchange rate will probably be lower at the start of the ICO then it will at the end.

Sep 1, 2016 - [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin. A KMD mining video guide made by Cryptomined. Bank of Memories is a platform that allows you to store and encrypt information using cryptography, and also make it inherited using Blockchain technology.

The following was calculated based on the BTC bonus: • 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 Of course, with these prices the revenue asset is not priced in, as its value is subjective. This will probably cause some small price fluctuations as it seeks a fair value under the free market. However, it is safe to say that the prices above are the ‘floor’ and anything below them would grant you a bigger ICO bonus than the actual bonus you would get from BTC. When does the swap begin?

The swapping process will take place two weeks after the ICO ends. The BTCD coins can be swapped over the course of one full year. What is the ‘revenue asset’? For BitcoinDark a certain revenue share was promised from the various projects that compose the overall SuperNET ecosystem. Those revenue shares won’t migrate to Komodo. Instead, the BTCD holders will get an extra asset that will inherit those revenue streams. The asset is entitled to these revenue streams: • 5% of InstantDEX profits • 5% of SuperNET profits • 5% of crypto777 profits After the ICO is over, a snapshot of the BTCD blockchain will be taken.

Then after the Komodo blockchain supports assetchains that information will be used to create a new asset. DigiByte DGB Mining How To. A BTCD private key will be required to prove that you had BTCD during the snapshot. Where do I have to hold BTCD to get the revenue asset? As you may know, there are currently three places where you could store your BTCD: • in your own BitcoinDark address, • in your own NXT address as SuperBTCD (because of the MultiGateway), • in an exchange (like Poloniex). We urge you to hold your BTCD’s in a wallet under your full control, meaning that you have the privatekey. The snapshot will happen ~1 week after the ICO ends.

The snapshot itself is automatic. After the snapshot is taken — and you have the privatekeys in safe place — there is nothing else to do. One day there will be a new assetchain that you have coins in. However, gaining an access requires your BTCD privatekey.

• Do not hold your BTCD in a NXT wallet! • Do not hold your BTCD in an exchange! • Keep your privatekey safe! Where do I have to send my BTCD to get KMD after the ICO? The swapping process will begin two weeks after the ICO ends — or one week after the snapshot has been taken. We will post a redeem address to send in the BTCD. We urge you to hold your BTCD’s in a wallet under your full control, meaning that you have the privatekey.

• Do not hold your BTCD in a NXT wallet! • Do not hold your BTCD in an exchange!

• Keep your privatekey safe! Do I get both: the revenue asset and Komodo coins? Yes, every BTCD holder will get both Komodo and the revenue asset. One week after the snapshot the swapping will begin. It is not even possible to do the swap before the snapshot. When will the mainnet launch? When can I trade KMD?

The mainnet will be launched two weeks after the ICO ends. You are able to swap your BTCD before the mainnet launches. We will ensure that everyone will have their KMD ready at the launch. Might there be more asset dividends for NXTventure from new projects, or an allocation of KMD for NXTventure?

The thinking is the latter, but only up to a small percentage of the amount raised. If the Komodo ICO is a success, then it won't be a big deal due to the relatively small value of NXTventure. If not enough funding comes in, then at least there could be a liquidation distribution of its contents, or maybe it can stay on the shelf and be resurrected if we get the resources to manage it.

So, what's the future of BTCD? Because jl777 will be focusing on Komodo development, the BTCD will have no developers left. Jl777 joined the project in midway and it currently has no funding. So we could say BTCD becomes Komodo, but technically the BTCD chain will remain intact (as this is not a fork). Everyone is encouraged to swap to Komodo.

Komodo is the BTCD 2.0! Why did we not start Komodo coin with snapshots just like NXT did?

If we would have done that, then the BTCD price would have huge price volatility, and at the end of the snapshot the BTCD price would be close to zero. It would give nice profits to the day traders, but the casual BTCD holder would probably not be too happy. We want a stable price for the ICO and an equal chance for everyone to participate. With a swap, there is also enough time for everyone to get the Komodo tokens as they have one full year to redeem. Why 30 000 max BTC? Why couldn't we make it lower so BTCD holders are not diluted so much? Litecoin LTC Mining Guide here. In order to limit dilution, a cap was established.

The more funds are raised, the more Komodo is able to achieve. If we reach the goal of 30 000 BTC the platform will also have enough funding to ensure future development and promotion.

In order to fund the notary nodes, Komodo will need initial funding. If BTCD was swapped and no funds were gathered, Komodo would have no funds to launch its new consensus system. We are allowing our community to grow and for new investor to enter the scene, which adds value to the cryptocurrency itself. The primary use of funds is for the dPoW consensus system implementation. In order to secure Komodo blockchain, the Bitcoin transaction fees must be paid. Capital is also needed to ensure there are enough high capacity nodes around the world. Eventually, the system will become self-sustaining, as other coins will use Komodo to get the benefits of dPoW.

Ideally we can recruit half a dozen high caliber C devs for continued enhancement of the tech, along with a similar number of GUI devs. We will of course manage with less, and we probably have to.

Meeting the funding goals would allow us to do rapid development beyond the features we have announced. What is the timeline again? 15 - 25% bonus for BTC investors Oct. 16-22 - 20% bonus for BTC investors Oct. 23-29 - 15% bonus for BTC investors Oct.

30-Nov 5 - 10% bonus for BTC investors Nov 6-12 - 5% bonus for BTC investors Nov 13-20 - 0% bonus for BTC investors ICO IS OVER - no more BTC can be invested Week 1 - BTCD Snapshot Week 2 - BTCD to KMD swapping begins Week 2 - Mainnet launches 2017 - after one full year, no more BTCD’s can be swapped How do I send my BTCD to a local wallet? A complete guide will be published soon. Interesting blog. Interesting to see I'm not the only one that is thinking about this. I really believe in the ico model, why do wealthy people are only allowed to invest in early stage startups. The issue is that the ico scene currently doesn't have any due diligence, besides that they have 0 obligations to their token holders, this is the issue we have to fix.

This is quite an interesting website I found: The site that lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto.

Author: Kaloyan Roussev Date: 9 September 2017 Do not make investment decisions based on this article – read the before you proceed and leave the website if you disagree with it. It is 9 September 2017 today. This review takes into consideration investing in KMD at its current price at $2.87 Komodo – the answer to the ICO legality problem? How do I rate an investment in this project at the current price? (TL:DR) The price went up recently because of the hype around the Stockholm announcement from Friday.

Now it might be time for it to settle down for a bit, and then for whoever believes in this project will be a good time to buy before further bullish events. I would buy at around $1-1.20. I WILL buy below $0.80. Many users complained about the lack of professionalism in the presentation here and there’s a great deal of sloppiness in the entire operation behind the project – this might make up for an undervalued potential (a bargain price) but it might also be a reason for things to remain that way. Can’t make the call on this one. Project/token summary Update: You can read some clarifications on the project and its backstory further down in this article by their team member Jason. Komodo is a part of something larger, called SuperNET (That’s also their slack name) – and it is a rebranding of BitcoinDark (BTCD) – Komodo is yet another platform to run Dapps on, but its competitive edge comes from their innovation around decentralizing the ICO process – in an attempt to sidestep the ICO legality issue.

Here is a very involved user’s take on the dICOs announcement: Here is a good sentence that might sum up what Komodo is all about: “My very rudimentary understanding of this would be, as I state in the title of the post: Komodo means to become to Ethereum and NEO what Monero (and ZCash/Dash) are to Bitcoin. A private and anonymous platform, where people can freely make decisions according to their own laws, rather than those of other another country.” They offer white-label solution for enterprises that need an own blockchain (similar to ARK) Komodo is somewhat sloppily implemented, chaotic, well-meaning project, intertwined in the web of supernet, iguana, monaize, barterdex – it is all over the map, and it lacks good presentation skills, it requires the potential user to be very persistent in their research. You might wanna also look into, which will be the first project running on their platform, and who are supporting Komodo financially. They are an e-banking platform for small businesses and freelancers. Here are some important related keywords: smart-contracts in many languages, private transactions, lightning network, agama wallet, UQUID card. Is supposed to be a decentralized exchange that allows for atomic swaps (users transfering cryptos to each other without having to send them to the exchange first) but for the life of me, I can’t find where the actual exchange is, and how to use it, if it exists, although information on it exists from a year ago (and I don’t know how Komodo relates to it – maybe if this becomes reality, Komodo will be a base currency there?

Educated reader, please help me out here)*; and also from the same developer: * Found out later on that it is in development ATM Agama Iguana confusion? BarterDex (InstaDex, EasyDex.

OMG) confusion? Branding/Positioning – in the “platform for decentralized apps” market category, we already have the established leader- Ethereum, and the viable alternative (under fire) –, and the now supposedly better alternative to the alternative – Komodo.

And there are some other dapp platforms as well (, if they deliver,, to some extent). This is a tough spot. According to branding research done in the past century, the two leaders in a category more often than not, take 80%+ of the market share and the mind share (association with the utility in the consumers’ minds), so the remaining crumbs are spread across many guerilla competitors with narrower niches in the category. Seeing that Ethereum is $300+ and Neo is what – $20-30, at $2.87 Komodo might be in the right place, with a bit more to gain (after all the crypto scene is one where technical specs have a much higher power over brand perception, because most crypto investors are tech-savvy).

I think the notion of “decentralized ICO” should become their keyword, their UFC. They should focus their branding around it. It should stand out. Not the “Independent blockchain, micropayments, security, anonymity, decentralized economy” or “komodo is money, fuel, gateway” thing that I can see at every crypto website I visit. Token utility – a reader suggested that we explain what is the actual utility and purpose of the coin for each project. Komodo tokens will be the GAS of the komodo platform and they will be used up in operations on it. Upcoming bullish events – the release of the BarterDEX exchange Website: Coinmarketcap: Exchange: • Website: does it look good/presentable – looks okay.

Some sloppiness here and there – although their live stream has ended, they still haven’t removed the youtube widget from their website. There is a copy/paste error in the footer and the Twitter link leads to their facebook page. The developers page is eye-hurting red. “As seen in the press” section is present but there are no articles in it. No link to the roadmap or whitepaper, although they are to be found on the same domain via Google search.

• Roadmap – a google search lead me to this: – I don’t know how to get to it from the main website. It is extremely uninformative although it looks pretty. • Whitepaper – yes, found it via Google search it is entirely focused on the algorithm. Nothing about the platform itself.

• What is their progress according to the roadmap – they are working on the decentralized atomic-swap exchange BarterDEX • Website: Is it a quick wordpress template, a 2-hour html job or a custom design with lots of work, money and thought thrown at it – looks custom and bad. • What new does this cryptocurrency bring to the world, what problem does it solve, what does it stand for– enables developers with many programming languages to build decentralized apps, but most importantly at this point – DECENTRALIZED ICOs. And also – Whitelabel blockchains. • How does the cryptocurrency name sound (does it sound legit and like a good brand name) – reminds me of the Roman Emperor Commodus, the son of Marcus Aurelius, who wasn’t a very good emperor.

There are also other things named Komodo out there. Weren’t there other available options for a better name? • How does the logo look – looks good, different. • Is it a PoW, PoS or PoW/PoS coin, what is the mining difficulty or APR, does it suffer from inflation – This is interesting – dPoW (delayed proof of work) which piggybacks on an existing bitcoin-type blockchains to utilize their work, it is said to be more efficient than PoW because it doesn’t waste electricity. Their whitepaper goes on and on about it, if you’re interested in the technical nitty-gritty. It also has a group of Notary nodes (reminiscent of the DPoS system) elected by stakeholders. Here’s all I found on inflation (from bitcointalks) “Supply starts at 100 million.

Average inflation rate is 5% + mined blocks until 200 million is reached in approximately a decade or so.” • Who is behind the cryptocurrency – are they shady figures, or have they placed their names and pictures on the website; what is their track record and reputation; do a quick google/github research on them – couldn’t find anything, but I guess these guys here, might be the people behind the project, couldn’t hear their names well. Showing their faces, introducing themselves, this is enough proof for me that they aren’t shady figures (at least not too shady) • What is the limit on supply of coins in circulation – 200 million • Is there a link to the source code – – a user had suggested that they move the source code under a more authoritative repo named after the project.

It is a ZCash fork • When was the last commit made, and how frequent are commits– a couple of days ago. Incredibly sloppy though – all the commits are called “Test”, but looking at their contents, at least it’s real code. • How many developers participate in the coding – 1 • What the project survival relies on – the Bitcoin blockchain (although their whitepaper says their dPoW operation can attach to another bitcoin-type blockchain). Legality issues – their claim to be able to sidestep the ICO legality problems, I don’t know if it will hold.

• Will this project survive a cryptocurrency bubble burst and does/will it have enough of a following that needs it every day – I don’t think so. Only a handful of the leading cryptos will remain, and this is a rebranded copy, a fork, a me-too in the dapp space. However, if BarterDEX becomes one of the big exchanges, and Komodo is a base currency there, that might not be the case. Atomic Swaps and decentralization in exchanges is huge.

• Competition – Ether, Neo, Rise, ARK Exchanges and trading • Which exchanges (and how reputable they are) is the coin traded on – bittrex – good one! • Daily trading volume – $41 million! • Market cap – $289 million • Are there buy (support) or sell (resistance) walls – perfect equilibrium – can go either way. • How does the chart look – the rise in price was due to the announcement they did live on youtube. Could’ve went up higher but it coincided with bittrex being down and China local exchanges FUD. Social • Is there a Bitcointalk forum Announcement thread – • How many pages is it – 600+ (I guess it was first a BitcoinDark one, then got renamed to Komodo) • History of the coin according to the forum and general public impression of the coin throughout – read the first 10, last 5 and several random pages – starts out with BTCD swap for Komodo tokens conversation and bounty hunters hunting bounties. Is a project member, actively participating.

At page 100 they announce that they are hiring 5-6 people using the ICO funding. The developer is also there. Constructive discussions. How to use the wallet, how to participate in the ICO, how to swap coins. It seems that there’s always something brewing in Komodo world, so if that remains to be the case, there might be more reasons for the price to go up. There was a bug in March that brought the price way down, that was fixed later on. In the latest pages more and more enthusiasm is apparent.

Many users being confused about the many interconnected things in the Komodo universe. People bullish on the price in the near future. • Do they have a blog, anything interesting on it? – they have a blog with one blog post on it • Is there a slack channel – • How many members on slack – 4k+ • General sentiment on slack – constructive discussions • Is there a Twitter profile for the cryptocurrency and does it post regular updates, how many followers 13k followers, very active • Is there a Facebook page for the cryptocurrency and does it post regular updates, how many likes – 1.4k likes, very active Suggestions for improvement • Branding: pick something unique and tangible to stand for, and shy away from the buzzwords. Decentralized ICOs, atomic swap exchange and white-label blockchain solutions are good suggestions • Presentation: get a copy writer to revamp your content, and do all of your public communications • Presentation: include a massive FAQ (or even glossary) on your website explaining each associated project, renamed project, ongoing endeavors • Presentation: include a real roadmap about projects with quarterly deadlines • Presentation: don’t ever do another live video like the one on Friday.