The first rule of Crypto promotion and investor relations is to judge the market sentiment. The Komodo team made a few mistakes last Friday in that regard. Their live conference didn’t give the market what it wanted to see. It looked a bit bohemian and could have had higher quality marketing materials and presentation.
But the second rule when trading crpto is to spot real news and buy when others are panicking. I believe we have reached that point today. Komodo will learn from the presentational side, but smart investors will have seen past that to see the really exciting news that was presented. This is the opportunity to get in now while others catch up with the news
At the Blockchain and Bitcoin Conference in Stockholm, Sweden, Komodo’s development team announced five major developments they believe will take the platform to the forefront of innovation in financial technology.
Decentralized ICOs (dICOs) are a hybrid decentralized initial coin offering. The platform leverages BarterDEX and Jumblr technologies to provide a peer-to-peer initial coin offering mechanism. Using Komodo assetchains, developers can now launch their own independent blockchains and distribute tokens through BarterDEX. Assetchains are Komodo side chains that can leave the parent-chain at any time, unlike their ERC20 counterparts.
Monaize, a FinTech institution, will launch the first dICO using the Komodo Platform's technology. They aim to offer e-banking with an attached business MasterCard. In the upcoming weeks the Monaize team will release more information on the features of their token and how they will leverage the technology to facilitate blockchain services for the masses.
Atomic Swaps are blockchain-to-blockchain exchanges that utilize the BarterDEX framework. The platform is fully decentralized, does not require you to give up your private keys, and the swaps complete natively. Unlike other decentralized exchanges, the BarterDEX uses a network of Liquidity Provider nodes to increase volume and liquidity without compromising decentralization. The LP nodes can provide liquidity for any trading pair, even fiat gateway services if they have proper licenses.
Bitcoin Tumbler - Komodo Platform’s zero knowledge proof tumbler is known as Jumblr. It allows users to anonymize fund by using KMD’s zero knowledge proof. Additionally, when leveraged with BarterDEX, Jumblr can be used to anonymize any coin.
Scalability - A single blockchain is limited to a relatively small number of transactions. For example, if we had a blockchain that can make 2000 tx (transactions) per minute, our maximum speed would be 33 tx per second. In order to increase the capacity to 1000 tx per second we would create 30 side chains to act as highways above the main blockchain. That is the basis of the Komodo Platform’s scalability solution. Recent stress tests have demonstrated that the platform can handle 100 times the current load very easily and without much alteration. It is built to be flexible and adaptable.
I believe this is a huge step forward. So get past the fact that the devleopers were wearing t-shirts and get real. Komodo has addressed a number of the biggest challenges in cryptocurrency- fully decentralising both ICOs and exchanges; scalability of the blockchain to meet the ever growing demand for cryptocurrencies and finally anonymity and freedom. Just think, that as China and others start to make life more difficult, Komodo has already found a decentralized solution.
What if KMD can become the host of choice for around 10-25% of the next ICO? What if in a year it had over 50%? Just think how disruptive this new innovation could be and have confidence that now is the time to stay ahead of the market. I expect this coin to rise and rise.
I like Komodo , Huge potential , first of it's kind, truly decentralized
Congratulations @cwf! You have received a personal award!
Click on the badge to view your Board of Honor.
Congratulations @cwf! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!