Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
by
Titomanereal
on 26/11/2016, 12:07:17 UTC
Before we start we value KMD at 0 $.
Good image for investors before the delivery of KMD valued at 0 $.
At a minimum, these KMDs should be valued at the price of ICO. 100% subsidy does not mean $ 500 spending.

1btc = 10000 KMD ICO price use this for elections too

Thanks

We simply guarantee a subsidy for the notary node, so that they stay in operation. Without a guaranteed income we could lose notary nodes if the KMD block reward would not be enough to cover their expenses. $500 is enough to cover all the expenses.

We discussed this in Slack, see: http://sprnt.slackarchive.io/elections/
What role will our tokens play in this node?I mean what is the gain for a small token holder like me?

I'm a bit unsure what you are asking, but

You can vote with your coins and get the good/stable notary node operators elected. You won't directly gain anything from the voting process itself.


In the example that you put:
https://bitcointalk.org/index.php?topic=1605144.msg16985638#msg16985638

Mike has more votes but the elected is Tom.
How does that explain?

Because with that same format
for example: Only 10% of subsidy remains after 8 nodes.
9th 100 votes 60% subsidy
10th 90 votes 78% subsidy
11th 81 votes 90% subsidy
12th 70 votes 15% subsidy
13th 1 votes 0-10% subsidy

13th node is elected. I think votes are not worth anything.