Bitcoindark on token daily
We will post a redeem address to send in the BTCD. One week after the snapshot the swapping will begin. It is not even possible to do the swap before the snapshot. 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.
The thinking is the latter, but only up to a small percentage of the amount raised. 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. 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 max BTC? Why couldn't we make it lower so BTCD holders are not diluted so much?
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 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. 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. Anyone else having issues registering at the site for the ICO? I registered and confirmed my email, but when I go back to login, it says That means that even if you don't swap to KMD although we highly recommend you to do so you will receive the new asset.
Komodo is now available at CoinSwitch. It can be purchased from https: 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 following was calculated based on the BTC bonus: When does the swap begin?
The asset is entitled to these revenue streams: As you may know, there are currently three places where you could store your BTCD: I understand that this is a point of contention for investors however its much like building a car from scratch, you need to build all the pieces first before you assemble it. Komodo thread is pages on its own, Bitcoindark has its own thread: Please, forgive me, if I have, and contact me to tell me where I went wrong.
It takes about hours of my time to do a full research on a cryptocurrency, and I try to do at least 4 per week. Subscribe to the weekly newsletter: How do I rate an investment in this project at the current price? DR The price went up recently because of the hype around the Stockholm announcement from Friday. The developers page is eye-hurting red. 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: It is extremely uninformative although it looks pretty. Whitepaper — yes, found it via Google search https: 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.
And also — Whitelabel blockchains. There are also other things named Komodo out there. How does the logo look — looks good, different. It also has a group of Notary nodes reminiscent of the DPoS system elected by stakeholders.
It is a ZCash fork When was the last commit made, and how frequent are commits — a couple of days ago. 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. Only a handful of the leading cryptos will remain, and this is a rebranded copy, a fork, a me-too in the dapp space.