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.

You are assuming the market understands that there is a fundamental shift in BTCD and the premium it now carries. If that were true people would have bough into BTCD instead of BTC at 0%.

Lol. You literally have no idea what you are talking about.

Why would someone invest at 0% when buying BTCD would be 50% if everyone had known about the difference in pricing? If you can explain why someone would do that even though they had this information then i will concede.

Otherwise we can agree to disagree.

You are assuming everyone was aware of this when clearly that's not the case. Some people just bought through the ICO platform being unaware. This doesn't mean that BTCD is inherently worth more because there was some random bonus number that people were unaware of. What it shows is that actual demand that was directed to BTCD was enough to give it a market cap of $4.089M. If ENOUGH of those people were directed to buy BTCD to the point where 1 BTCD was worth 0.00655 BTC, then yes that would mean BTCD is worth more, but that simply did not happen. If the demand is not there, then BTCD is simply not worth that.

Let me make it more simple. Until it hits exchanges and a premium is established for what the team and idea are worth, the market cap of Komodo is equal to the value of the amount of BTC raised + the value of BTCD that will be swapped (which is all of it). Market demand across numerous btc exchanges dictates what the total value of that BTC contributed is worth. Likewise market demand across numerous exchanges dictates what that BTCD is worth. All of this is closely monitored on coinmarketcap and easily available for all to see. So given that Komodo = 2634.04 (market BTC value) + 5630 BTC (market BTCD value) = $6.00M. It's really that simple.