Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
by
KomodoPlatform
on 09/01/2017, 13:19:14 UTC
Where can I read about REVS? I used search and if I got it right it's some kind of asset using its own side chain on top of Komodo. But who is developing it and for what purpose?

In the FAQ there's a section about the REVS: https://komodoplatform.com/faq/

Quote
What is the ‘revenue asset’?

For BitcoinDark a certain revenue share was promised from the various projects that compose the overall SuperNET ecosystem. Those revenue shares won’t migrate to Komodo. Instead, the BTCD holders will get an extra asset that will inherit those revenue streams.

The asset is entitled to these revenue streams:

5% of InstantDEX profits
5% of SuperNET profits
5% of crypto777 profits
After the ICO is over, a snapshot of the BTCD blockchain will be taken. With assetchains we have created a new asset called REVS. A BTCD private key will be required to prove that you had BTCD during the snapshot.

Thanks!

One more question.

Total BTC Raised: 2639.03 - Total Market Cap: 12,900 BTC
How is that possible?

You have to add up the market cap of BTCD as valued at the end of the ICO:   

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

Total Market Cap: 12,900 BTC

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



By now there's only slightly over 100K BTCD was swapped. Nobody knows how much will be swapped by the end of the year.

Also BTCD capitalization is 5,421 BTC. Where 8392.727 BTC number come from?

We must assume that at the end of the year all BTCD is swapped.

Everyone who holds BTCD in their local wallet doesn't have any rush to swap, as they will get the REVS asset anyway, and have a lot of time left to swap. The BTCD that has now been deposited is presumably mostly from central exchanges.