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

Is it still possible to get REV if I move my coins off the exchange?

If you keep your coin in an exchange you won't get REVS. You must move them either to a local BTCD wallet or to our ICO site (recommended option).

Quote from: jacaf01 on January 13, 2017, 04:58:46 AM

I hope the 31.1 date for KMD distribution is sacrosanct, any update on exchanges and I will like to know more on the REV snapshot

Snapshot happens 15.1.2017, there's no exact time for it though as it is some specific block we will announce later. You should move the funds now if you want to get REVS.

There are two options:
- ICO site
- local wallet

If you have BTCD in:
- a cenralized exchange
- NXT blockchain as SuperBTCD
you must move them out now!

I participated in the KMD ICO and my tokens is still on the ICO webpage. I will like more light shed on the REVs thing, Is it another token, if yes, what do I need to do get it.

The KMD tokens are there as they have not been distributed yet. The distribution date is January 31st.

REVS is a separate thing, to get it you need to own BTCD which you either send to your local wallet or to our ICO site. Here's the info:

A complete SWAP + snapshot explanation

Quote from: KomodoPlatform on December 13, 2016, 11:25:54 AM

I'll try to clear out all the uncertainty & misunderstandings

We try to swap all BTCD there exist throughout 1 full year. If someone has BTCD it can be swapped, no matter when it is bought. You could buy BTCD 6 months from now and swap it for KMD.

BTCD Snapshot to get REVS

- The snapshot is not related to BTCD swap.
- The snapshot is to get an additional asset called REVS.
- The privatekeys are used to redeem the asset.
- The snapshot has not happened yet!
- to participate the BTCD can be stored either in a BTCD address under your control, or in our ICO site

BTCD Swap to get KMD

- has nothing to do with the snapshot
- is done through the ICO site
- lasts 1 full year
- swapped BTCD ends up to our account, where it is publicly visible (nothing will happen to the swapped BTCD)
- hopefully every single BTCD coin will get swapped during the year

The conclusion

If you buy BTCD it can be swapped at any time. To also receive the REVS asset you need to have a privatekey that contained BTCD during the snapshot. BTCD swap and snapshot are two separate things.

During the year BTCD can be swapped for KMD with the exchange rate we announced: 1 BTCD = 50.448 KMD (However the exchange rate decreases slightly throughout the year because BTCD staking expands the supply)