Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo ICO - Zero Knowledge Privacy Secured by Bitcoin
by
KomodoPlatform
on 11/10/2016, 11:33:23 UTC
Quote from: kennyP on October 11, 2016, 11:27:12 AM
Quote from: KomodoPlatform on October 11, 2016, 11:18:13 AM
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.


Hopefully a way can be found to let BTCD holders still vote even if they keep staking and don't redeem before the election.

From investment perspective it doesn't matter when you swap. Even if you are staking more BTCD you will still be receiving the same amount of KMD, as the BTCD/KMD exchange rate will decrease at the same rate you could stake your BTCDs. If we would allow people to stake their BTCD for one year and then swap with the original exchange rate we would run out of KMD.