gbdesai



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MemberActivity: 116Merit: 10 Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin December 05, 2016, 04:54:44 PM #2950 Quote from: mojo42380 on December 05, 2016, 04:43:10 PM I think we need an explanation and new launch date. I saw two weeks after the ICO finished also. I'm seeing early 2017 now? A little transparency please?



It's pretty clear if you read up a page or two. Things changed primarily because some people who hold BTCD do so on exchanges and not in their own BTCD wallet. As a result when the snapshot is taken to determine what additional rewards are owed, people with coins on exchanges won't get said rewards since they don't have control of their coins. As a favor, seems the Komodo team is creating a new (and originally unplanned) feature on the ICO site to upload BTCD prior to the snapshot. That seems to be the only delay.



That being said, a few days for upload to be ready. One more week before snapshot is taken. Then notary node voting is open for two weeks (though my opinion is can't this be done in one week). At that point you get your KMD. So I'm hoping before year end.



The official response is on the previous page of posts:

It's pretty clear if you read up a page or two. Things changed primarily because some people who hold BTCD do so on exchanges and not in their own BTCD wallet. As a result when the snapshot is taken to determine what additional rewards are owed, people with coins on exchanges won't get said rewards since they don't have control of their coins. As a favor, seems the Komodo team is creating a new (and originally unplanned) feature on the ICO site to upload BTCD prior to the snapshot. That seems to be the only delay.That being said, a few days for upload to be ready. One more week before snapshot is taken. Then notary node voting is open for two weeks (though my opinion is can't this be done in one week). At that point you get your KMD. So I'm hoping before year end.The official response is on the previous page of posts: https://bitcointalk.org/index.php?topic=1605144.msg17071017#msg17071017

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NewbieActivity: 18Merit: 0 Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin December 06, 2016, 05:50:25 AM #2952 Since you guys are such great readers you can go to the Komodo coin page and read their frequently asked questions section. This is what is currently on there.

I dont care about BTCD. I'm not trying to swap. Disappointing. Did they just think about the snap shot and how they were going to do it at the last second? Is the mainnet and wallet ready?

This is no where near transparent.



This is their update to the Komodo world? Loose schedule and soon?!? I'm sure there are going to be a lot of trolls defending this....

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Our exact schedule will be announced when the ICO site is ready for BTCD snapshot. There's no date yet. The loose schedule is



ICO site ready - soon

BTCD snapshot - 7 days from that

Election begins - Right after the snapshot

Election ends - two weeks later

KMD distribution - Right after election



**********************************************************************************************************************************************************************

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.

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What is the timeline again?



November 20th  ICO IS OVER, no more BTC can be invested



Week 2 -BTCD Snapshot -> BTCD to KMD swapping begins



Week 2  Mainnet launches



2017  after one full year, no more BTCDs can be swapped

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