Quote from: farl4web on October 11, 2016, 09:52:50 AM

The stakeholders are going to vote for the Notary, but how is it's going to take place and when?

The current plan for the first election is that the voting would happen when people redeem their KMD, or some short of other temporary procedure. For the later elections we must develop a better system, and about that we currently have no info. jl777 is thinking the best way to implement it.

For the first election it is possible that we don't even get 64 candidates, so there's a change there won't really be any meaningful elections. We will see.

Quote from: kaicrypzen on October 11, 2016, 09:46:14 AM

Hi,

I was wondering if the pre-ICO bonuses (30% and 35%) will also be taken into account to compute the average bonus:

Quote from: KomodoPlatform on September 01, 2016, 07:00:01 PM

Another bonus system was established to counter the dilution the BTC bonus system would have for BTCD investors. The bonus is calculated by applying the average bonus the BTC investors got to the swap rate.

Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This would bring the BTCD swap rate to 0.005852.

Also, I assume there will be some kind of public records concerning the amounts invested and their bonuses.

Thank you.

Yes, they are taken into account when calculating the average bonus, i.e. BTCD bonus.

The investments per bonus tier will be made public. Currently we have raised 300 BTC (+300 BTC more is promised) by angel investors.

If someone missed the announcement, here it is:

Quote from: KomodoPlatform on October 09, 2016, 12:45:05 PM

Announcement! Komodo welcomes pre-ICO angel investors!

We will accept investments from angel investors before the ICO starts.

PreICO Angel Investors Terms:

Investments >250 BTC will receive 30% bonus instead of 25%.
Investments >500 BTC will receive 35% bonus instead of 25%.

The Offer will end right when the ICO starts on October 15th.
The total amount that can be raised with those terms is 5000 BTC.

Contact TwinWinNerD to take advantage of this deal, it is a manual process.

Best regards,
Komodo Team

Quote from: jl777 on October 09, 2016, 03:44:50 PM

There have been no insider deals and several large investors approached us for getting a bigger discount with a pre-ICO investment. This is not anything we planned, we are just responding to demand.

Now, it is important that everybody get the same opportunity as everybody else. The only requirement is the amount of the BTC. Considering the size and the timing, the extra percentage bonus is appropriate. This is open to everybody, nobody is forced to do this.

We are not talking about a 3x or 5x advantage to the large investors. It is 5% to 10%. If anybody really thinks this is unfair, well, we have to agree to disagree. Whales always get a better deal than the rest, I hope people will analyze this objectively and not with emotions.