FAQ of the last few days

Schedule

- ICO Site BTCD deposit enabled 8.1.2017
- Subsidiy field gets locked for candidates 13.1 3PM UTC
- BTCD Snapshot 15.1 (block xxxxxxxx)
- Elections begin 15.1 3pm UTC
- Elections finish 29.1 3pm UTC
- KMD distribution 31.1 3pm UTC

Quote from: wosch76 on January 09, 2017, 01:43:29 PM

Is there already an instruction for the swap from local wallets?
Where should the priv keys be sended to? should all btcd be pooled in one adress only?
when will this process start? right after the snapshot?
thank you

If you have BTCD in a local wallet you can simply send it to the ICO site (i.e. deposit it). BTCD deposited before the snapshot will also receive the REVS asset.

You can also hold the BTCD in your local wallet, in which case you can use your BTCD privatekey to later redeem the REVS asset. Keep in mind though, that if you are not staking BTCD you are losing money as the swap rate is decreasing a little bit everyday (5 % during 365 days).

Quote from: Wexfgy12 on January 09, 2017, 01:54:51 PM

what is the "Private key" needed to access the REVS asset in future? The 12 word seed in our ICO account? or something else?

If you hold the BTCD in the ICO account then you don't have to worry about the privatekey. You will receive the REVS asset. In any case, the 12 word seed is very important, and without it you will lose your investment.

If you hold the BTCD in a local wallet, then you will have to export the privatekey.

Quote from: Gutierez on January 09, 2017, 04:32:20 PM

That's very nice to see this project . I will join this project . I want to ask if I can buy some BTCDs on the exchange for swap and voting election now?
and How long will the swap finish ? May I leave BTCDs on the exchange or not? Thank you.

Yes, you can buy BTCD and swap it for KMD, but you cannot keep it in an exchange. The exchange won't swap the BTCD for your. You must send/deposit the BTCD into our ICO site.

You will be able to vote with the KMD you receive in the swap. The swap has basically already begun (internal balance) and will last 1 full year. Just deposit the BTCD to the ICO site and you everything will be taken care of. The only thing you must do is keep the 12-word passphrase/seed safe.

Quote from: Wexfgy12 on January 09, 2017, 06:33:59 PM

if my BTCD are on the ICO platform, I automatically get REVS asset, without needing a private key?

Yes, but you must keep the 12-word seed safe and secure.

Quote

I accidentally sent my BTCD to my KMD address instead of the swap
. I have the seed for my KMD address . How do I recover my BTCD ?

A: importprivkey into BTCD wallet using the KMD wif

the iguana GUI will be able to convert the ICO passphrase you used into a KMD wif, which can then be imported into both komodod and BitcoinDarkd

so as long as you have the passphrase, your funds are safe

Quote from: rockmoney on January 09, 2017, 09:24:12 PM

Sorry if this was already answered, but if you have/had BTCD in an Exchange and/or staking pool wallet, are you eligible to receive the REVS asset? What will happen to any BTCD that does not get swapped, and are the BTCD devs abandoning that coin? Again, I know some of this was answered, but I'm still not 100% clear. Thanks!

To receive the REVS you must do either:
A) send them to our ICO website
B) store them in a local wallet and export the privatekey (You need the BTCD privatekey).

We believe most BTCD will be swapped (1 full year to swap it). However there will be some BTCD that is lost, etc. and those will obviously not be swapped. The KMD we have left over after the 1 year period will be added to the working capital.

Currently jl777 is the only BTCD dev, and he will be focusing on Komodo development in the future, so there are no devs left for BTCD. This is why we encourage everyone to swap.

Quote from: dzarmush on January 09, 2017, 10:09:49 PM

A little off-topic. Why do you think SuperNET price went so low? 62th place my market cap surrounded by noname projects. Doesn't seem right to me at all.

A lot of the recent developments are a bit unclear even to the SuperNET investors. Iguana and Komodo are made by SuperNET, and SuperNET is the organization developing them. SuperNET asset should be viewed as a share of the SuperNET organization. We have capital and investments; we have for-profit projects and a large platform & framework (known as Iguana and Komodo). SuperNET asset holders will be receiving dividends when we make a profit from the revenue, just like in any other business.

We are working on a new supernet.org website that will become the hub of everything we are doing. The new website will explain what we do, and what our projects are.