Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin

THE ICO HAS ENDED

35% bonus: 500 BTC
30% bonus: 0 BTC
25% bonus: 980 BTC
20% bonus: 606.84 BTC
15% bonus: 286.70 BTC
10% bonus: 38.18 BTC
05% bonus: 21.34 BTC
00% bonus: 200.98 BTC

Total BTC raised: 2634.04 BTC
Total BTCD swap: 8392.727 BTC

Total Market Cap: 11,616 BTC = $8,600,000

--> KMD exchange rate = 0.000129 BTC/KMD = 7747.9 KMD/BTC
--> BTCD exchange rate = 0.006511 BTC/BTCD = 153.59 BTCD/BTC

Wow! Much thanks to the BTC investors for helping raise the btcd swap rate from .0052 to .0065!! That's a bump of approximately 20% Grin

Also BTCD is still available for purchase at around 0.0042 at poloniex which means people can still get Komodo at almost more than 50% bonus even though the ICO is over now.

The market values all BTCD in existence at $4,089,676 according to www.coinmarketcap.com.

So the real Total Market Cap of Komodo based on the market is = 2634.04 BTC * (~$727) + $4.089M = $6.00M

Now of course when it hits exchanges, the market will decide how much of a premium the team and idea are worth.

Market value does not take into account the premium for BTCD holders.

Actually it's the opposite. The declared market value by Komodo team erroneously takes into account the premium for BTC holders which it should not.

You don't get to just decide to add a premium onto something and then that means the market cap is worth more now. That's not how it works. The market has already decided (through demand) that BTCD is worth $4.089M. Even more telling is that there is a clear 50% premium being offered on BTCD. If that was a real arbitrage then traders would come in and buy BTCD to that price level of 0.006 (which is not happening because the market values BTCD at $4.089M).

To say the market cap is higher simply because you are offering more Komodo for BTCD is akin to being Donald Trump and declaring you are now worth more billions because of some arbitrary factor like how you feel that day.